Personal Life Insurance Advice Charges
Under most circumstances, the only fee charged for advice on Life Insurance, Total & Permanent Disability (TPD) Insurance, Trauma Insurance and/or Income Protection Insurance, is the cost of the insurance premiums.
In these circumstances, the cost of your advice is covered by the commission paid to us by the insurance provider – this is not an extra cost to you and in most instances is the most cost-effective way for you to pay for our services.
Notwithstanding, should you prefer to pay for personal insurance advice via a fee-for-service agreement, we will be happy to come to a mutually suitable arrangement.
Ongoing FinAdvisory Service Fee
This is a voluntary fee covering the costs of your Ongoing FinAdvisory Service. This fee is usually paid via an adviser services fee from your portfolio and/or via regular monthly bank transfers from your bank account to ours.
This charge can be cancelled by you at any time, however most clients retain this service, as they see the value and the ongoing benefits it provides.
All advice is provided in writing, and shall include full disclosure of the costs, fees charged by all parties involved and how much each party may receive.