For Life Assurance Contracts, commission is divided into initial commission and renewal commission (related to contribution), fund based or trail (related to accumulated fund).
Trail commission, bullet commission, fund based, flat commission or renewal commission are all terms used for ongoing payments. Where an investment portfolio is structured through an insurance-based investment product or a pension product, commission may be based on a percentage of the value of the fund or the annual premium. For single premium/lump sum vehicles, commission may be based on the value of the fund.
Life Assurance products fall into either individual or group protection policies and Investment/Pension Products would be either single or regular contribution policies. Examples of products include Life Protection, Regular Premium Life Assurance Investments, Single premium (lump sum) Insurance based Investments, and Single Premium Pensions.
Remuneration payable (shown within a range or maximum percentages) as specified on the Summary for each Company & their Products listed below is at the Intermediary’s discretion.