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MetLife, in its 2009 Supplemental Compensation Plan (“2009 Plan”) brochure, reserved the right to amend its 2009 Plan. This is to inform you of an amendment to the 2009 Plan.
Effective immediately, MetLife will not pay supplemental compensation with respect to any MetLife coverage that has an effective date prior to January 21, 2009, unless base compensation is payable with respect to such coverage as of January 21, 2009. For any MetLife coverage that becomes effective on or after January 21, 2009, for which MetLife does not pay base compensation, MetLife will only pay supplemental compensation if MetLife receives a Customer Authorization Form and MetLife recognizes the producer as the broker of record as of the effective date of such MetLife coverage.
Notwithstanding the foregoing, MetLife will continue to pay supplemental compensation in relation to a coverage in 2009 if a Customer Authorization Form for that coverage was received by MetLife prior to January 21, 2009.
If you have any questions about these changes, please call Brad Bodell, Vice President,
Sales & Broker Compensation Services, at 908-253-1314, Tammy Alter, Director, Sales & Broker Compensation Services, at 813-983-4189, or your MetLife Account Manager.
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