Ongoing commissions on personal insurance policies can be as high as 30% of your premiums.
If you hold an existing personal insurance policy such as life insurance, total permanent disability insurance, income protection or trauma insurance and you established this policy via an insurance broker or financial planner then your policy will be generating ongoing sales commissions. These sales commissions are paid by your insurer to the agent who assisted with the setup of your policy every time you pay your premium.
Even if you had established your policy directly with the insurer either over the phone or via the internet there still may be an insurance agent involved who is receiving sales commissions from your premiums.
These ongoing sales commissions can be substantial. In some cases as high as 30% of your policy premiums.
Cashback Club collects these sales commissions on behalf of our members and allows you to benefit from these commissions yourself.
Isn’t this money better off in your pocket rather than someone else’s?
It’s Easy, you simply need to complete a one page Broker Nomination Form authorising Cashback Club to be the broker listed on your policy. This will take you no more than 2 – 3 minutes to complete either online using the Cashback Club website or if you like you can print the form and complete it by hand.
It’s important to note that this process does not change the details of your policy in any way. You will still have the same policy along with all the existing benefits of your policy and importantly you still retain 100% control of your policy.
Once Cashback Club are the brokers listed on your policy your insurance company will forward the sales commissions generated by your premium payments to Cashback Club. We then place these commission payments into your individual cashback account where you are free to deposit it to your regular bank account.
We even send you an email when cash has been deposited to your cashback account for your collection.
It really is that simple.