Summary commission details for my business with [Zurich Life Assurance plc]
This document provides summary details of the commission arrangements I/we have in place for unit-linked and protection business with [Zurich Life Assurance plc]. Alternative commission structures may be available which are different from the commission structures shown below.
These details are correct as at 1st April 2020.
Single contribution products (Pensions, Investments)
| Up front commission | Trail commission |
Single Contribution Pension | ||
Max | 5.50% | 0.50% |
Single Contribution PRSA (Standard) | ||
Max | 5.50% | 0.00% |
Single Contribution PRSA (Non-Standard) | ||
Max | 5.0% | 0.50% |
Approved (Minimum) Retirement Funds | ||
Max | 5.0% | 0.50% |
Annuities | ||
Max | 3.0% | N/A |
Investment Bonds | ||
Max | 5.0% | 0.50% |
Trustee Investment Plans | ||
Max | 5.0% | 0.50% |
Commission clawback:
Commission clawback typically does not apply on single contribution products
Regular contribution products (Pensions, Savings)
| Initial commission | Renewal / Bullet Commission | Trail commission |
Regular Contribution Pension | |||
Max | 20.0% | 3.0% renewal | 0.50% |
Regular Contribution PRSA (Standard) | |||
Max | 5.0% | 5.0% renewal | 0.0% |
Regular Contribution PRSA (Non-Standard) | |||
Max | 5.0% | 5.0% renewal | 0.50% |
Savings Plan | |||
Max | 10.0%% | 1.0% renewal | 0.50% |
Commission clawback:
Commission clawback applies over a 4 year period for all initial commission.
Commission clawback also applies over a 4 year period for any bullet commission noted.
Individual Protection
Guaranteed Term Protection & Guaranteed Mortgage Protection
| Yr1 | 2 – 10 | 11+ |
Max | 100% | 12% | 3% |
Commission clawback:
Commission paid in year 1 is earned over a 12 month period.
Guaranteed Whole of Life
| Yr1 | 2 – 5 | 6+ |
Max | 90% | 18% | 3% |
Commission clawback:
Commission paid in year 1 is earned over a 12 month period.
Group Protection
Group Life Cover
| Yr1 | 2 | 3 |
Max | 6.0% | 6.0% | 6.0% |
Commission clawback:
Does not apply. Commission is paid as premiums are received.
Group Permanent Health Insurance & Group Serious Illness Cover
| Yr1 | 2 | 3 |
Default |
|
|
|
Max | 12.5% | 12.5% | 12.5% |
Commission clawback:
Does not apply. Commission is paid as premiums are received.
Foundation Stone Financial Planning Limited is regulated by the Central Bank of Ireland.
