Our commission will be calculated based on the following formula:
X = Y% x P
In this formula:
X = our commission
Y% = the percentage commission paid to us by the insurer. Our commission varies between 0% and 40%.
P = the amount you pay for any insurance policy (less any government fees or charges included in that amount).
Any fees that we charge you will be $0 to $500 or $0 to 40% of the base premium where we are not entitled for any commission.
We do not often pay any commissions, fees or benefits to others who refer you to us or refer us to an insurer. If we do, we will pay commissions to those people out of our commission or fees (not in addition to those amounts), in the range of 0% to 30% of our commission or fees.
Our employees that will assist you with your insurance needs will be paid a market salary.
We may pay our employees on top of their regular salary additional benefits from our combined income of commission and fees:
Commissions: 0 – 20%
Bonuses: 0 – 5%
Incentives: 0 – $100 gift vouchers
If we give you personal advice, we will inform you of any fees, commission, or other payments we, our associates or anyone referring you to us (or us to any insurer) will receive in relation to the policies that are the subject of the advice.
See below for information on the Steadfast association and commission.