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Appointed Representative Life Commission Rates |
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FREE Exchange Software |
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As an Appointed Representative you can choose from either a Multi Tie Insurer panel or Whole of Market Insurer panel. Both panels offer competitive commissions and the choice of the best insurers in the market
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Whole-of-Market Insurer Panel |
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Provider |
Silver |
Gold |
Clawback |
AXA |
145 |
175 |
4 year |
Bright Grey |
140 |
163 |
2 year |
Bupa |
128 |
150 |
2 year |
Friends Provident |
160 |
177 |
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Legal & General |
140 |
170 |
4 year |
Liverpool Victoria |
149 |
169 |
4 year |
Norwich Union |
149 |
176 |
4 year |
Prudential |
160 |
177 |
4 year |
Royal Liver |
140 |
167 |
4 year |
Scottish Equitable |
145 |
173 |
4 year |
Scottish Provident |
169 |
186 |
4 year |
154 |
170 |
2 year |
2 year |
Synergy |
140 |
167 |
2 year |
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Please Note: Rates are dependent on the overall business make up of the Appointed Representative |
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Multi Tie Insurer Panel |
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Provider |
Silver |
Gold |
Clawback |
AXA |
168 |
185 |
4 year |
Legal & General |
157 |
175 |
4 year |
Norwich Union |
167 |
185 |
4 year |
Prudential |
167 |
185 |
4 year |
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Please Note: Rates are dependent on the overall business make up of the Appointed Representative |
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How do I calculate my Life Commissions? |
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The above rates are calculated as API (Annual Premium Income) |
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e.g. Monthly premium x 12 x percentage = commission payment |
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£50.00 x 12 = £600 x 128% (Bupa on Silver panel) |
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= £768.00 commission paid |
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Commission rates apply to policies submitted on Exchange with a minimum term of 12 years. Shorter policies will attract a lower commission rate. Commission will be subject to a 2 or 4 year clawback period, please refer to the product providers terms and conditions. These rates do not apply to PHI policies. |
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