Uinsure has launched a new Covid-19 initiative to support mortgage advisors and their clients in these unprecedented times. They are offering two years commission upfront for advisers as part of a new Covid-19 support initiative. Uinsure will also pay any policy cancellation fees for clients.
Uinsure says remortgages and product transfers are still proceeding. So it’s a key opportunity for advisers to gain two years commission on new general insurance policies at the same time. The average commission for advisers over a two-year period is £144.20.
Two Years Commission upfront is designed to help advisers cashflow. It will allow them to receive the first two years of their commission for new Uinsure GI policies upfront. In the third year of the policy, it reverts back to the normal commission arrangement.
If advisers determine that it is in customers’ best interests to switch their insurance policy to a Uinsure product, Uinsure will pay the cancellation fees.
‘Tech Support Service’ and ‘Thank You NHS’
The firm has launched a number of initiatives for advisers and clients alike during these challenging times. It has recently launched a complementary financial services tech support solution to help businesses.
In addition, it displayed a “Thank You NHS” initiative to reward NHS workers with cashback on GI policies.
David Smith, chief innovation officer at Uinsure, said:
“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.”