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Directly Authorised Life Commission Rates |
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FREE Exchange sourcing software with both panels |
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Choice of 2 Insurer panels Multi Tie OR Whole of Market |
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Whole-of-Market Insurer Panel |
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Provider |
Gold |
Clawback |
AXA |
175 |
4 year |
Bright Grey |
163 |
2 year |
Bupa |
150 |
2 year |
Friends Provident |
177 |
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Legal & General |
170 |
4 year |
Liverpool Victoria |
169 |
4 year |
Norwich Union |
176 |
4 year |
Prudential |
177 |
4 year |
Royal Liver |
167 |
4 year |
Scottish Equitable |
173 |
4 year |
Scottish Provident |
186 |
4 year |
170 |
2 year |
2 year |
Synergy |
167 |
2 year |
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Multi Tie Insurer Panel |
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Provider |
Gold |
Clawback |
AXA |
185 |
4 year |
Legal & General |
175 |
4 year |
Norwich Union |
185 |
4 year |
Prudential |
185 |
4 year |
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Platinum Panel |
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Sole Trader £75 + VAT pm / Multi advisors £150 + VAT pm |
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(Large firms by negotiation) |
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Gold Panel |
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FREE to DA's using PNG packaging/Lender Direct club every month |
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NB. These activities will be monitored |
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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 148% (Bupa on Gold panel) |
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= £888 .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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