Frequently Asked Questions
Who to refer?
Almost everyone has insurance, weather for their car, home, boat, business or whatever. So anyone can be referred. Typically our strongest markets have been businesses, high net worth individuals and property owners.
With changes coming in 2024, we will be in a unique position to better handle high volumes of domestic and low premium policies.
Do you offer any other services to insurance?
No. We may upsell or cross sell general insurance products to your clients, but we will never offer any other service.
Do you sell income protection and life insurance?
We are not licensed as financial planners, so do not sell income protection, trauma, TPD or life insurance. We do have a similar product to income protection called Personal Accident insurance which we can offer to your clients should you wish.
How am I paid?
All referrals are automatically loaded into our CMS system including the referrers details. Once your client has paid, our system will automatically deposit the funds into your nominated account.
Payments are made twice monthly on the 15th and 30th of each month, with some variation in payment date should it fall on a weekend or public holiday.
How much am I Paid?
We will pay you an agreed percentage of our income either 25% or 40%. Your income is based on collected commission and broker fees.
What happens if a client cancels their insurance?
As is standard in many industries like financial planning and finance. In the event a policy is cancelled the client is refunded by the insurers with any pro rate commission being returned. This “claw back” of income is taken from your next payment and reported accordingly.
Example.
Commission income is $365 for a 1 year policy. Your income at 25% is $91.25. The policy is cancelled with 50 days to go. The insures would take back $50 commission of which your portion is $12.50