As a reminder, Protective Life can process APS reimbursements via EFT to help simplify your business and credit your balance account faster.
- Reimbursement amounts greater than $.01 can be paid weekly via EFT.
- Reimbursement amounts will be available on myprotective.com and on each commission statement under expenses/adjustments with “APS reimbursement.”
You will need to fill out the APS Reimbursement Request form to get started – which is available at the bottom of this bulletin or on MyProtective. If you currently receive commissions via EFT, select EFT as the form of reimbursement on the request form to receive APS reimbursements via EFT. If you do not receive commissions via EFT, please contact the Protective Life Commissions team at 800-444-2658, Option 2 to begin receiving commissions and APS reimbursements via EFT.
We have updated our preferred APS vendor list to ensure the lowest possible APS retrieval fees, and have also updated our APS Reimbursement Guidelines. Please review this bulletin before you get started.
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