Paradigm Protect

Paradigm Commissions - Elite Choice

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

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

Term Assurance, Critical/Serious Illness, Family Income Benefit

4 Year Terms INDEMNITY NON- INDEMNITY
Provider Earnings Period Gross API % Net API* % Gross API % Net API* %
Aegon3 4 206.95 200.74 259.00 251.23
AIG 4 210.00 203.70 263.00 255.11
AIG Life Instant 4 231.00 224.07 289.30 280.62
Aviva 4 206.00 199.82 257.81 250.08
Canada Life 4 196.00 190.12 N/A N/A
Guardian 4 205.00 198.85 241.00 233.77
Legal & General 4 201.40 195.36 252.00 244.44
LV= 4 207.00 200.79 259.00 251.23
Royal London1 4 206.95 202.29 259.00 253.17
Scottish Widows2 4 205.00 199.87 256.20 249.80
VitalityLife 4 206.50 200.31 245.00 237.65
2 Year Terms INDEMNITY NON- INDEMNITY
Provider Earnings Period Gross API % Net API* % Gross API % Net API* %
AIG 2 176.00 170.72 N/A N/A
AIG Life Instant 2 193.60 187.79 N/A N/A
Aviva 2 184.00 178.48 N/A N/A
LV= 2 184.60 179.06 N/A N/A
MetLife 2 100.00 100.00 N/A N/A
MetLife Renewal After 25 months 12.50 12.50 N/A N/A
Royal London 2 179.33 173.95 200.60 194.58


*Paradigm will take a 3% commission split of the gross API. This percentage is shown via the net terms (the 97% you will receive).

1 Paradigm will apply a 2.25% commission split on Royal London 4-year gross commission terms (compared to the normal 3%). This is in order to maintain our commitment to offering you market leading net terms. 

2 Paradigm will apply a 2.5% commission split on Scottish Widows gross commission terms (compared to the normal 3%). This is in order to maintain our commitment to offering you market leading net terms. 

3 Renewal commission not available after 48 months.

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.

To register to use the Elite Choice Panel, please fill in this form and send a scanned copy to info@paradigmprotect.co.uk and we’ll start to process this request straight away. We’ll also ask you to send a hard copy of the document in the post to the address provided.

Remember that you can also align your GI agencies at the same time and earn more per case through our annual profit share scheme.

 

Correct as at 6 February 2019