Provident Agency Compensation Info
The Provident Agency, Inc. (PAI) currently holds an agent agreement to represent the Unum Group insurance subsidiary companies (Unum). PAI only offers Unum products for Group Life and Disability insurance coverages. Unum has authorized PAI to market, underwrite, sell, administer premium billing, commissions, and claims, and provide customer service support on Unum's Group Life and Disability products. PAI has exclusive rights to market, sell, and administer Unum's First Responder Accident & Health (A&H) product.
Under the terms of the agent agreement, Unum compensates PAI via base and supplemental commissions for sales and administrative services. Unless directed otherwise by the customer, standard base commissions are calculated as a percentage of premium per the products listed below.
| Premiums Paid |
Life |
AD&D |
A&H |
| First $15,000 |
10% |
15% |
25% |
| Next $10,000 |
7% |
| Next $25,000 |
5% |
| Next $50,000 |
1% |
| $100,000 + |
0.5% |
Supplemental commissions are calculated as a measure of net premium growth (new business and premium increases) on the PAI block of business. Compensation terms are evaluated annually and subject to change. If you have questions about your Group insurance coverage administered by PAI or this compensation program, please contact us at 1-800-447-0360.
Other Unum Products
PAI may also sell other Unum insurance products under a separate broker contract with Unum. All other policies are underwritten and aministered by Unum, not PAI. If you have questions about these other products, please visit the Unum website at www.unum.com or contact Unum at: 1-800-633-7490.
If you would like to discuss the PAI - Unum relationship with a Unum representative, please contact them at: 1-800-633-7491, option 3.
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