Wednesday February 19, 2020

Life insurance brokers in line for huge commissions

Insurance brokers stand to gain as much as 250 per cent of first year’s premiums on the sale of certain products after life insurance companies increased the commissions they pay brokers for new and existing business.

2nd July, 2011
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Insurance brokers stand to gain as much as 250 per cent of first year’s premiums on the sale of certain products after life insurance companies increased the commissions they pay brokers for new and existing business.

Irish Life is believed to have led the way in increasing commission rates in an effort to encourage brokers to get their customers to keep paying their life insurance premiums in tougher economic times.

It is believed that...

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