Just a reminder - Principal Financial Group is dedicated to the small group market and we want to write “small” cases. For a number of years now we have capped our renewals for groups with fewer than 50 enrolled. The current Dental cap is holding at 5.3% for groups of 50 and fewer. The good news is that we are now extending that program for groups of 51-100! Dental increases in 4Q15 for groups of 51-100 will be capped at 5.9%!!
As a reminder, our contracts and offerings for smaller groups are very favorable. Highlights include:
• All Groups 3+ have a dedicated local Account Executive
• Broker bonus program counting all lines with 5+ enrolled
• 3+ Dental with no waiting periods or deferrals for timely entrants, even on start up groups
• 5+ Dental Ortho with no waiting periods or deferrals for timely entrants even on start up groups
• Credit Deductibles and Rollover Amounts and Refresh Annual Maximum on all takeover groups
• 26/26 Standard Child Eligibility
• Our LTD contract has an “Or” Definition of Disability standard
• Voluntary plans for all lines available down to Five Enrolled
• 5% Package Discounts available on groups of 3+ with three or more qualifying lines of coverage
Click the document below for the product matrix with more capabilities and offerings.