Some discount examples

Case 1

Mr A has £10,000 to invest. He reads about an investment bond that he likes the look of and contacts the product provider directly. They send him an illustration and application form showing that his money will be invested at 100% allocation with a 1% per annum running charge.

This seems reasonable, however Mr A decides to contact us, tells us the product and fund he wants to use and we provide an illustration and application form.

Our illustration shows that Mr A’s money will be invested at 106% with the same 1% running charge.

So Mr A is 6% better off on day one of the investment!

In this case, the insurance company is offering higher allocation rates to business placed through IFAs anyway, but when we add our commission sacrifice to this an additional 6% is achieved on day one of the investment, which is a hugely significant difference.

Case 2

Mr B visits an adviser and really likes the regular savings plan recommended to him. However he does not particularly like the adviser he has seen and feels that the monthly plan charge of 5% per annum is a little high.

One call or email to Island Financial Solutions, and the same plan is available for a 3% monthly charge, saving the client 2% on every premium paid.

Case 3

Mrs C is arranging a mortgage and has been offered life and critical illness cover by her bank. She is quoted £72.43 per month. She wants to check the premium level and asks us for a quote.

The same cover with our discount is £67.29 per month, saving Mrs C £1,542.00 over the 25 year plan term.

These example cases are simplified, but illustrate genuine examples of the differences that can be achieved by going direct.

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