Our Charges
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1) Life Assurance
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| We are paid an income/commission of up to
a maximum of 90% of the first year's premium from the Insurance
Company. For example, for setting up a mortgage protection/life
policy where the annual premium is €152, PrimaFinance
receive a maximum of €137 income for setting up
this policy. Should we receive or take a lower income/commission,
you will still be charged the same monthly premium by the
insurance company. Purchasing the policy from a traditional
broker will not be any cheaper than purchasing the same policy
from Primafiance. |
Your Cost Saving |
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We enable you view all the companies insurance quotations so that YOU
can select the cheapest and most appropriate policy. The difference
in being able to select the cheapest quotation is that you can save
thousands of Euro over the term of the policy. See Table 1 below. The
main Banks will insist their policy is the best value, and all too many
insurance brokers will recommend the company that pays them the best
commission or promises the next golf trip or even foreign holiday. PrimaFinance
gives you full and impartial information so you can decide for yourself.
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Table 1 Industry Variation in Mortgage Protection Cover*
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| Company |
Monthly cost of Cover € |
Savings over Policy Term € |
| Hibernian | 26.03 | N/A | | Eagle Star | 26.65 | 186 | | Canada Life | 33.35 | 2196 | | Ark Life | 33.96 | 2379 | | Bank of Ireland Life | 34.91 | 2664 | | Irish Life | 36.92 | 3267 | | Standard Life | 42.47 | 4932 |
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| *Assumes couple, both age 35, non-smokers, €250,000
decreasing life cover, for 25 years. |
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2) House Insurance |
| PrimaFinance is paid a Commission of on average 10%
of your home insurance Policy. For example, on a €250 annual premium,
we receive €25 for setting up this policy. The key benefit to YOU,
is in being able to view all the companies quotations and select the cheapest/most
suitable insurance. |
3) Car Insurance |
| We do not sell car insurance and
therefore generate no income. |
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