You are here: cherry > Press releases for April 2020 > Two Years Commission upfront for Advisers and Cancellation fees paid for Clients in C-19 support initiatives

16 April 2020

Uinsure, the multi award-winning InsurTech disruptor, continues its commitment to do all they can to support Mortgage Advisers and their Clients during the COVID-19 pandemic. They have today launched dual initiatives focussed on remortgages and product transfers, that offers Two Year’s Commission upfront for Advisers, and pays any policy cancellation fees for Clients.

While new mortgages are on a slow-down, there is still a high number of 
remortgages and product transfers proceeding, which is a key opportunity for Advisers to offer their Clients a better deal and gain two years commission on new General Insurance (GI) policies at the same time. Clients are safe in the knowledge that Uinsure is covering their cancellation fees on their existing policy, making this a win-win situation for both parties.

Two Years Commission upfront is designed to help Adviser’s 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. This is to support Clients exiting their existing GI policies and moving to Uinsure’s award-winning 5 Star rated Defaqto and MoneyFacts cover.

Uinsure recognises these are challenging times and is focused on creating initiatives to help Advisers and their Client’s immediately. Having recently launched their complimentary Financial Services Tech Support to help businesses continue in the wake of remote working, the “Thank you NHS” initiative which rewards NHS workers with £30 cashback on their GI policies, now comes the dual Two Year’s Commission upfront and Cancellation Fees paid campaign.

David Smith, Chief Innovation Officer at Uinsure says “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 (FS-Tech.co.uk) 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.”

Visit www.Uinsure.co.uk to find out more about the new dual Two Years Commission upfront and Cancellation Fees paid initiative from Uinsure.