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Commissionless Insurance Products

Discussion in 'Superannuation, SMSF & Personal Insurance' started by PommyBas, 13th Apr, 2008.

  1. PommyBas

    PommyBas New Member

    Joined:
    13th Apr, 2008
    Posts:
    1
    Location:
    Canberra, ACT
    Started look for Trauma/Income-Protection/Life-TPD insurance. No matter where i look the products all pay out commissions! These seem to be about 105% for the first year and 10% for subsequent years...

    Anyone know of Insurers i can buy products from directly? I can save a helluvalot of $$$$ buying direct from the Insurer.
     
  2. AsxBroker

    AsxBroker Well-Known Member

    Joined:
    8th Sep, 2007
    Posts:
    1,448
    Location:
    Sydney, NSW
    Hi PommyBas,

    This is standard for these types of insurance products.
    Even if you buy direct from the underwriter they are going to pay themselves the commission (they are on the ball).

    Cheers,

    Dan

    PS Before making an insurance decision speak to a FPA registered Financial Planner.