Experienced advisers always knew that if you selected a 30% level commission, the responsibility period was one year and only applied to the previous years commission. In other words, once the first year tipped over, that commission was safe. In the second year if there was a lapse it only impacted on the second years commission. Newer advisers should check with their insurance providers to ascertain the impact of the new rules introduced, in one case, over 2 years ago, by an insurer that wants NIL commission. Its also apparently part of the formulas in the LIF legislation
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