FMG provides advice and information on insurance products from some Outsourced Insurance Providers
The FMG Life & Health Team, through its Nominated Representatives provides advice and information on the following outsourced life and health insurance products that are not underwritten by FMG.
| Outsourced Insurance Provider | Products | Commission Range |
|---|---|---|
| Fidelity Life Assurance Company Limited | Life, Disability, Trauma, Income Protection, and other covers | 230% + 7.5% ++ |
| AIA New Zealand Limited | Life, Disability, Critical Conditions, Income Protection, and other covers | 180 to 220%+ 3.0 to 7.5% ++ |
| Resolution Life Australasia Limited | Life, Income Protection, Trauma, and Disability | 6.0% ++ |
| Southern Cross Medical Care Society | Health | 20% + $202.40 per Policy++ |
+ Expressed as a % of the annual premium for new cover
++ Expressed as a % of the annual premium for renewed/continued cover
FMG through its Nominated Representatives also provides advice and information on the following general insurance products that are not underwritten by FMG:
| Outsourced Insurance Provider | Products | Commission Range |
|---|---|---|
| Cover-More (NZ) Ltd | Travel* | 23 to 45%+ |
| AXA XL (XL Insurance Company SE) | Marine Cargo | 17.5%++ |
| Delta Insurance New Zealand Ltd | Cyber Liability | 20%++ |
*FMG provides information only for this cover, not advice
+ Expressed as a % of the premium
++ Expressed as a % of the annual premium for new and renewed cover
Insurance Intermediaries
Where clients aren't catered for by FMG's own insurance products, or the above products, FMG works with a Wholesale Broker partner to assist in placing cover for FMG clients. FMG receives varying commissions for the placement and renewal of these covers.