Paradigm have negotiated the below market leading terms for you on the Income Protection Panel.

Please be advised that unlike other Distributors in the market, clients do not pay loaded premiums in order for you to receive these market leading terms.

4 Year Terms		INDEMNITY		NON- INDEMNITY
Provider	Earnings Period	Gross API %	Net API* %	Gross API %	Net API* %
AIG	4	210.30	203.99	263.20	255.30
Aviva	4	206.00	199.82	257.81	250.08
Guardian	4	205.00	198.85	241.00	233.77
Holloway Friendly**	4	180.00	174.60	195.00	189.15
LV=	4	207.00	200.79	259.00	251.23
LV= PSP Products	4	177.40	172.08	222.00	215.34
L&G	4	208.00	201.76	228.00	221.16
Royal London	4	206.95	202.29	259.00	253.17
The Exeter	4	210.00	203.70	241.50	234.26
Vitality	4	210.00	203.70	249.20	241.72
Zurich	4	205.00	199.88	243.00	236.93

 

3 Year Terms		INDEMNITY		NON- INDEMNITY
Provider	Earnings Period	Gross API %	Net API* %	Gross API %	Net API* %
British Friendly	3	195.00	189.15	N/A	N/A
Cirencester Friendly - My Earnings Protected (Level)	3	175.00	169.75	183.75	178.24
Cirencester Friendly - My Earnings Protected (Escalating Premiums)	3	211.00	204.67	221.55	214.90
Cirencester Friendly - Income Assured Enhanced (Escalating Premiums)	3	211.00	204.67	221.55	214.90
Cirencester Friendly - My Extra Benefits (Not a standalone product, restrictions apply)	3	132.00	128.04	N/A	N/A

 

2 Year Terms		INDEMNITY		NON- INDEMNITY
Provider	Earnings Period	Gross API %	Net API* %	Gross API %	Net API* %
AIG	2	175.60	170.33	N/A	N/A
Aviva	2	184.00	178.48	N/A	N/A
Holloway Friendly**	2	160.00	155.20	175.00	169.75
LV=	2	158.80	154.04	N/A	N/A
LV= PSP Products	2	136.20	132.11
National Friendly	2	195.00	189.15	200.00	194.00
National Friendly (Accident Only)	2	195.00	189.15	200.00	194.00
Royal London	2	179.33	173.95	200.60	194.58
Zurich	2	161.00	156.98	175.00	170.63

*Paradigm will retain 3% of the gross API. This percentage is shown via the net terms (the 97% you will receive). In some instances Paradigm may take retain less than 3% where existing terms linked to Paradigm mean that a higher retained fee would result in lower commission payable.

** No renewals.

In some instances Paradigm may take a lower commission split where existing terms linked to Paradigm mean that a high commission split would result in lower commission payable.
Paradigm cannot be held responsible for holding incorrect information if Providers do not supply the correct commission terms to us or make us aware of any relevant changes.