Learn About Life Insurance Commissions

Retail Life insurance is usually sold through a financial adviser. They will consider your financial goals and personal circumstances and make a recommendation as to the type and levels of cover you need, and policy structures and products that will work for you. This advice is generally paid via commissions payments.

There are two typical commission structures:

• Level - the adviser will receive a consistent amount for the life of your policy which is capped at 30% of the premium plus GST.
• Hybrid - the adviser will receive a higher 'upfront' commission which is up to 60% of the first year premium plus GST when the policy is opened, and then an ongoing 'trail' commission of up to 20% of the premium plus GST throughout the life of the premium.

When you get a quote with Keep we show you exactly how much commission you could get back.

Keep is a general advice provider only; we don't take your personal circumstances into account. Instead, we give you the tools to explore and select the right product yourself. Then we collect the commission and return it to you, less an admin fee. Keep your cover and keep your commission!

Find out how much commission return you could expect.

Policy commissions are around 25-30% of your premium. When you take out a new policy with Keep, we return at least 50% of that commission, which works out as 12.5% of every premium back in your pocket.

If you cancel your policy in the first 2 years that initial commission payment will be returned to the Insurance company, so we can't return it to you, because we have to give it back to them.

When you transfer an existing policy to Keep, we will collect the ongoing trail commission and return at least 50% to you, starting from your first premium payment with Keep.

Keep want you to get the right support at the right time. We understand the process can seem overwhelming so check out our help page where there are a couple of ways we've got you covered to get you covered.