Retro Payment Requirements Reduced to Help Dealers During COVID-19 Recovery
A Message from Protective Asset Protection
We know dealers are working harder than ever to meet the needs of their communities and their employees. Protective Asset Protection continues to serve the changing needs of the industries we support.
As our valued dealers work to recover from the impacts on the retail sales environment as a result of COVID-19, Protective Asset Protection is reducing the production requirements for our retrospective (Retro) programs. Beginning with the second quarter interest payment, the production requirements in all Retro programs will be reduced twenty-five percent (25%). In addition, the year-end production requirement will also be reduced. This reduction will be applied across the remainder of the year and all levels, impacting each level of potential payout. Please note, all other Retro agreement requirements and conditions remain unchanged, and this change does not impact any other dealer participation programs.
Protective is here, continuing to stand behind the dealers and agents who continue to serve their customers in these challenging times. We hope this message finds you safe and healthy.
If you should have any questions, please contact your Protective Sales representative, or call 800-794-5491 to reach the Protective Sales Support team.