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Paradigm has worked hard with all Protection Providers to bring you market leading commercial terms. We also offer comprehensive support including a Protection helpdesk, regular CPD events, quotation technology, marketing support and more. In many instances where agencies are currently held direct with Providers, this can have a significant effect on commission income, with increases of up to 40% in some cases.
- Individual Life
- Critical Illness
- Over 50’s Plans
- Relevant Life
- Family Income Benefit
- Whole of Life
- Income Protection
- Impaired Lives
- General Insurance
- Group Life
- Funeral plans
- Private Medical Insurance referral
No, there are no loaded premiums to be paid by your clients. The rates which we have access to are the best rates offered by the Providers in the intermediary space; our increased commissions are as a result of Paradigm’s “buying power” and commitment to quality.
The Paradigm Protect Panel offers a choice of 14 Providers with enhanced commission terms. It does NOT mean that your firm is deemed to be operating from a restricted panel, and you can be declared as independent.
Net commissions vary between a 1% - 3% split to Paradigm, and are designed to be market leading for firms.
Our Paradigm Protect Panel now includes our general insurance providers as standard. The way you submit business doesn’t change, whether you write it yourself or refer to one of our trusted partners, nor does it affect the amount of commission you receive up front. Aligning your general insurance agencies to Paradigm triggers a retained fee to be paid on top of your commission. These retained fees are accumulated throughout the year and then Paradigm will share 50% back with your firm as part of our annual profit share scheme, in the same way as for mortgage retained fees.
You can rest assured that joining Paradigm Protect:
- Will not result in an increase in premium for your clients
- Will not compromise your independent status
- Will not prevent you from dealing with any providers of your choice
- Will ensure you are never paid less net commission than the rates you currently receive