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How Much is the Commission on Life Insurance?

gangster counting money

It’s the question that might be rattling around your brain.

How much do life insurance brokers make on my policy?

Some people like to know how much commission I make, others couldn’t give a toss.

They’re happy with the service and realise we don’t work for nuthin’

But look, I’ve got nothing to hide so here goes:

Our commission structure

Life insurance and mortgage protection

The big five Irish insurance providers Aviva, Irish Life, New Ireland, Royal London and Zurich Life pay us 100% of the first years premiums then 10% for years 2 – 10.

Income protection

Aviva, Irish Life, New Ireland and Royal London pay us 110 % of the first years premiums then 10% for years 2 – 10.

By the way, that’s our commission structure, I don’t know how other brokers get paid. Maybe ask them 😉

Why is more commission paid in the first year?

Life insurance commissions are paid to us in the first year of the policy because it’s in that time that most of the work is done to put it in force.

This means that although you may hold the policy for 20 or 30 years, most of the commission is paid in the first 12 months.

Over the life of a 20 year policy, we get paid around 6% of the total premiums that you pay into it.

The life insurance companies take the other 94% – that’s the reason they post the billion dollar profits and not us…


6% – that’s less than a broker would make annually on your house insurance.

Hopefully that puts things in perspective.


If you use a broker that switches you from one company to the next every year, well, they are getting rich at your expense.

They’ll get paid 100% commission each time you take out a new policy so be careful if you are “advised” to switch insurer every year.

That’s not the way we do things here.

It’s why we don’t offer first year discounts.

The price you pay in year one is the price you pay for as long as you hold the policy.

There won’t be any nasty surprises in year two.


I want you to become a valued customer for the long term not just a policy holder that comes and goes.

I hope this explains things

If you have any other questions about we are paid or anything else to do with life insurance, please get in touch by completing this short form.

Nick McGowan | making life insurance easier

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