Cashback for Life Insurance

mcclim

Does anyone know of any site that gives cashback for buying life insurance through them, QUidco don't have any life insurance companies nor do Greasypalm ?

dunstonh

Any company doing that would be daft. Commission on life assurance plans have a clawback period. So, they may get paid up front but if you cancel in 4 years (typical period of clawback) there is a commission clawback.

The most common method with discounting on life assurance is to have the premiums reduced with less commission being taken.

instaunt

Commission clawback after 4 years? Are you sure? Is that not just for brokers rather than life insurance affiliates (which is what companies like quidco generally are)?

I think the main reason is that most incentive sites (ones that offer cashback to users) generally don't get accepted in to affiliate programs with life insurance providers.

dunstonh

Commission clawback after 4 years? Are you sure?

There are a couple that only have 2 years clawback but most have 4 years.

Is that not just for brokers rather than life insurance affiliates (which is what companies like quidco generally are)?

I'm on about any company that retails the policy (whether that is an IFA, insurance company direct or a quote comparison site). Not unattached schemes which have their own incentives.

Quentin

mcclim wrote: »

Does anyone know of any site that gives cashback for buying life insurance through them, QUidco don't have any life insurance companies nor do Greasypalm ?

Quidco have L + G (over 50s) with £90 cashback or £50 cashback for other policies (all ages), and £65 for an over 50 policy with LV, plus other companies. Check them again - also some life insurance at TCB.

mcclim

Thanks Quentin, managed to get a competitive quote via go Compare on Quidco and £50 cash back