Choose a topic... Broker Compensation Home Page Amendment to 2010 Plan Introduction Supplemental Compensation Plan Qualification Eligible Group Products and Services Supplemental Compensation Payment Calculation Supplemental Compensation Payment Additional Opportunities to Earn Supplemental Compensation Guidelines     - Customer Authorization Form     - Contact MetLife     - Intermediary Compensation Notice     - Key Dates     - Definitions

1. New business (New Business Premium or new Coverage Groupings) with an effective date between October 1, 2008, and September 30, 2009 (the “Qualification Period”),
   
   OR
   
   
2. Total Inforce Premium as of September 30, 2009.
   

New Business Premium is Annualized Billed Premium for new coverages with an effective date during the Qualification Period.

Qualification is calculated using a single Tax ID. Multiple Tax IDs will not be aggregated for qualification purposes.

MetLife will establish the Supplemental Compensation percentage for a broker by December 31, 2009. Once established, the broker’sSupplemental Compensation percentage cannot be changed for the 2010 calendar year. MetLife intends to send brokers who qualify for 2010 Supplemental Compensation an estimate of qualification letter in November 2009. This letter will contain details regarding the broker’s sales during the qualification period. Each broker must submit any corrections to MetLife by November 30, 2009, in order for an adjustment, if appropriate, to be made prior to December 31, 2009.

A broker will qualify based on either New Business Premium or Inforce Premium, whichever results in the highest Supplemental Compensation percentage.⁴ New business and Inforce Premium percentages cannot be combined.

MetLife may set the Supplemental Compensation percentage for a broker as a fixed percentage and the qualification criteria set forth above may not apply.

A broker who has at least $1 million of New Business Premium or 9 new Coverage Groupings sold will qualify for Supplemental Compensation in the amount of two percent (2%) of Received and Earned Premium.

If the number of enrolled lives for a coverage increases or decreases for a customer following the effective date of the new business coverage, there will be no impact to the New Business Premium qualification calculation or the new Coverage Grouping count qualification calculation.

For a given customer, a broker will receive a single Coverage Grouping count for each new Coverage Grouping.

The Broker of Record on the date the Qualification Period ends will receive full qualification credit for New Business Premium or Coverage Grouping counts, and there is no prorating of the qualification credit. If two or more brokers split base compensation, only the New Business Premium will be apportioned. This apportionment will be determined by MetLife in the same manner as the base compensation apportionment.

There is no limit on the amount of New Business Premium for qualification purposes. However, if a customer chooses to Opt-out of the Supplemental Compensation Plan, no Supplemental Compensation will be paid in relation to that customer’s premium. In addition, a decision to Opt-out of the 2010 Supplemental Compensation Plan cannot be changed after September 30, 2009.

For brokers who do not qualify for Supplemental Compensation based on new business (See page 4) there is another way to qualify. If the broker’s total book of business has $10 million of Inforce Premium as of the last day of the Qualification Period, the broker may qualify for Supplemental Compensation in the amount of one percent (1%) of Received and Earned Premium.

⁴ A broker may limit its eligibility under the Supplemental Compensation Plan to the percentage associated with Inforce Premium qualification only. Written notification of thebroker’s desire to have this limitation apply must be received by MetLife (see contact information on page 13 of this brochure) on or before November 30, 2009.