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Introducer Options - Life Assurance |
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Provider |
Silver (0-10) |
Gold (11-20) |
Clawback |
AXA |
72 |
86 |
4 year |
Bright Grey |
70 |
82 |
2 year |
Bupa |
64 |
74 |
2 year |
Friends Provident |
80 |
89 |
4 year |
Legal & General |
70 |
85 |
4 year |
Liverpool Victoria |
75 |
85 |
4 year |
Norwich Union |
75 |
88 |
4 year |
Prudential |
80 |
88 |
4 year |
Royal Liver |
70 |
83 |
4 year |
Scottish Equitable |
73 |
87 |
4 year |
Scottish Provident |
85 |
93 |
4 year |
77 |
85 |
2 year |
2 year |
Synergy |
70 |
84 |
2 year |
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*Introducer Life Commission Rates are dependent on the volume of submissions per month |
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Silver Rates: 0-10 submissions per month |
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Gold Rates: 11 - 20 submissions per month |
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Platinum Rates: 21+ submissions per month |
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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 12mths = £600 x 64% (Bupa on Silver panel) |
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= £384.00 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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