How It Works
Simple Online Referral Process
When referring a client, you simply logon to your British Life Protection Club account and complete a simple 1-minute form for each client.
Access to a Trusted UK-based Protection Broker
We have extended our long-term partnership with award-winning specialist protection broker LifeSearch to develop the British Life Protection Club. A dedicated team of advisers will contact your clients and discuss only their protection requirements.
One special element to the British Life Protection Club is that we don’t operate a clawback policy, so there will be no annoying deductions if a policy is cancelled early. (However, we will be monitoring the performance of the portfolio of clients from each of our members very closely, and any adverse results will be addressed and membership revoked if necessary).
Attractive Commission including Advance Referral Fees
Members of the British Life Protection Club will receive 25% of the commission for each of their client’s policies that go on risk. After the account is set-up, you will be eligible for a £20 advance fee for each referral from the date of the first referral for up to 90 days. These advance fees will then be deducted from the commission generated from the referrals, thereby helping to provide a more steady flow of income as the portfolio of referrals increases.
Members of the Protection Club earn between £7,500 and £15,000 per annum in commissions from the Protection Club. This range is based on a combination of factors, including client demographics, referrals per year, average case size and how effectively the clients are introduced to the referral process.
Online Reporting & Payment Record
The online reporting interface available through Protection Club confirms whether referrals have been passed through successfully to LifeSearch, whether a client has gone on risk, and what commissions are due, and whether those commissions have been paid.