Commission on Life Policy

[jo strummer]

Paying a premium to NU via a broker, £250K cover for 20 years (taken out July 2006 ) premium of £115, any idea what commission that would have generated?

[Gemsbok1000]

Life cover used to pay 15 to 20 times the annual premium, although this was a few years ago so that might have changed since then. The broker will also have a choice of taking a large upfront payment plus a small renewal after the indemnity period finishes (36 to 48 months after commencement) or a larger (than the renewal) payment for the duaration of the policy with no large initial payment.

[darreni]

jo strummer said:

Paying a premium to NU via a broker, £250K cover for 20 years (taken out July 2006 ) premium of £115, any idea what commission that would have generated?

About £2k