Intermediary 'own life' business
We’d like to take a moment to explain our approach for paying commission on 'own life' business.
We will pay commission on non-indemnity terms when you apply for cover for
- your own life
- a person who is a Principal, Director, partner, member of staff of your firm
- a civil partner, as defined in the Civil Partnerships Act 2004
- a close relative.
By “close relative” we mean:
- spouse (including common-law spouse) and civil partnership
- children/step-children, parents/step-parents, sisters/step-sisters, brothers/step brothers
- the spouse or common-law spouse of anyone referred to in 2 above.
The definition can be found in article 3(1) of the The Financial Services and Markets Act (Regulated Activities) Order 2001 and article 2(1) of the Financial Services and Markets Act (Financial Promotion) Order 2005.
Got a question?
If you have a question about commission on 'own life' cases, please call our sales support on 0845 602 0690 or email us at ifasupport@lv.com.
9.00am to 5.30pm Monday to Friday.
For Textphone, dial 18001 first.
We may record and/or monitor your calls for training and audit purposes.