The amount you receive depends on your policy premium and the commission paid by the insurer.
As a guide, ongoing commissions are typically around 10% to 20% of your annual premium, although this varies by insurer and policy type.
InvestSMART retains a 10% dealer fee from commissions. We then keep the first $75 per year in ongoing commission and rebate 50% of the remaining amount to you.
For example, if your policy generates $500 in annual commission, we retain a 10% dealer fee ($50), plus the first $75 of the remaining $450. We then rebate 50% of the remaining $375, meaning you would receive $187.50.