Compensation Disclosure
Insurance benefits advisors (brokers, agents or benefits consultants) can offer a customer advice and guidance as the customer selects the benefits and insurance provider most appropriate for the customer's needs. We recognize the important role these professionals play in the sale of our products and services and as a result, offers them a variety of compensation programs (cash or otherwise). Our compensation policy includes the following:
- Unless directed otherwise by the customer, all insurance policies on which the Dearborn National™ brand companies, Fort Dearborn Life Insurance Company® (FDL) and Fort Dearborn Life Insurance Company® of New York (FDLNY) pay base commissions also are eligible for consideration under other incentive programs.
- For those insurance policies where no base commissions are payable, inclusion in other incentive programs is only allowed with customer consent. A customer's decision in this regard will not impact the premium rate charged for their policy.
- For any customer paying a fee to a benefits advisor in connection with the purchase of insurance from FDL or FDLNY, we require the customer's written consent before we will pay any commissions, overrides or incentives to the benefits advisor.
Standard Commission Schedule for Group Benefits Insurance Products*
Compensation will be calculated separately using the top of the schedule for each Group product line: Life and AD&D, Short-Term Disability and Long-Term Disability
| Annual Premium | Commission | |
| First | $15,000 | 15% |
| Next | $10,000 | 10% |
| Next | $25,000 | 5% |
| Next | $1,950,000 | 0.5% |
| Over | $2,000,000 | 0.1% |
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Standard Commission Schedule for Voluntary Group Benefits
Insurance Products
Life, AD&D, Short-Term Disability and Long-Term Disability
| Annual Premium | Commission | |
| All | 20% | |
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Dental - Scheduled Plan/Reasonable & Customary Plan
(Fort Dearborn Life Insurance Company Only)
| Annual Premium | Commission | |
| All | 10% | |
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PPO Group Dental & Voluntary PPO Group Dental
(Fort Dearborn Life Insurance Company Only)
| Annual Premium | Commission | |
| First | $5,000 | 10% |
| From | $5,000 - $10,000 | 8% |
| From | $10,000 - $25,000 | 6% |
| From | $25,000 - $50,000 | 4% |
| From | $50,000 - $150,000 | 3% |
| From | $150,000 - $500,000 | 2.5% |
| Over | $500,000 | .6% |
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Disability Benefits Law
(Fort Dearborn Life Insurance Company of New York Only)
| Annual Premium | Commission | |
| First | $5,000 | 15% |
| Next | $5,000 | 12.5% |
| Next | $20,000 | 9% |
| Next | $20,000 | 7.5% |
| Next | $50,000 | 5% |
| Next | $100,000 | 3% |
| Over | $200,000 | 2% |
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* Commission schedules vary by State.
