We understand to keep any business running smoothly it is important to keep track of your finances. If you have any questions about your introductory or renewal commission payments contact our Customer Services department on 0845 603 8085 or email them on customerservices@cirencester-friendly.co.uk (don't forget to include your clients details).

Select a Commission Option to view details:

Indemnity
Non-indemnity
Mixed
Enhanced Client Bonus

Renewal Commission

Initial Commission Option 1 - Indemnity:
Indemnity Commission terms with initial commission paid as a lump sum at the beginning of the initial period. The rate of initial commission is 144% (one hundred and forty-four per cent) of the first month's premium multiplied by 12.

 
Initial Commission Option 2 - Non-indemnity:
Non indemnity Commission terms with initial commission paid in 36 equal monthly instalments over the initial period. The rate of initial commission is 144% (one hundred and forty-four per cent) of the first month's premium multiplied by 12 and enhanced by 12% (twelve per cent) equal to a rate of 161.2% (one hundred and sixty-one point two per cent).

Initial Commission Option 3 - Combination of Indemnity and Non indemnity:
A mixture of indemnity and non indemnity terms with part initial commission paid as a lump sum at the beginning of the initial period and the remainder paid by equal monthly instalments over the unexpired part of the initial period after completion of the indemnity period. The rate of initial commission paid on indemnity terms is 144% (one hundred and forty-four per cent) of the first month's premium multiplied by 12. The balance of initial commission paid on non indemnity terms is enhanced by 12% (twelve per cent) and shall commence in the month following that in which the indemnity period shall expire.

 
Initial Commission Option 4 - Enhanced Client Bonus:
A mixture of indemnity and sacrifice terms with part or all of the initial commission sacrificed in favour of the Member and placed to the Member's credit at the end of the calendar year in which the Member completes 36 months membership. The rate of initial commission paid on indemnity terms is 144% (one hundred and forty-four percent) of the first month's premium multiplied by 12. The amount of initial commission sacrificed in favour of the Member is enhanced by 20% (twenty per cent) equal to a rate of 172.8% (one hundred and seventy-two point eight per cent) if all the initial commission is sacrificed.

Renewal Commission:
Following the expiry of the initial 36 month period renewal commission will be paid in the January following each year at the rate of 3% (three per cent) of total premiums received in the previous year excluding any premium which falls within the initial period of the contract.