Commission Types

Flexible commission payments

You can choose your preferred commission type from the following choices:

• Initial Indemnity Commission - where you are paid either the first 12 months or the first 6 months commission (dependent on the insurer) upon receipt of the first premium, followed by monthly commission for the life of the policy. If the policy cancels during the indemnity period, unearned commission is subject to clawback.

• Monthly Commission - commission is paid each month on receipt of the premium for the life of the policy. 

The following table shows the indemnity terms which are available for each insurer: