Uinsure has launched dual initiatives focussed on remortgages and product transfers, offering two years’ commission upfront for advisers, and paying any policy cancellation fees for clients.
Two-years commission upfront is designed to help advisers’ cashflow, allowing them to receive the first two years of their commission (average £144.20) for new Uinsure GI policies upfront. For the third year of the policy remaining active, it reverts back to the normal commission arrangement.
Where advisers determine that it is in the customers’ best interests to switch their insurance policy to a Uinsure 5 Star policy, Uinsure will pay the client’s cancellation fees, if any are charged by the current insurer to end their policy.
David Smith, chief innovation officer at Uinsure, said: “These are unusual times that we’re in right now, this new normal is taking time to adjust to. We’re here to make this normality a little easier for our advisers and their clients alike, and ensure that through all pulling together, we will succeed and get through to the other side.
“Already, we’ve launched our tech support service for remote workers and the ‘Thank you NHS’ scheme which rewards NHS workers with a £30 cashback on their policies and, in the true power of threes, comes our dual ‘two years commission’ upfront and ‘clients’ cancellation fees paid’ initiative. This will really help advisers who are focussing on remortgages and product transfers during this lull in new mortgages and support their clients by paying their cancellation fees. I’m really proud that we have brought this excellent support to the market.”
