Project Description

An adviser who has been in the industry for 18 years has a risk data base for sale. The main insurance product providers are:

TALAIAZurichMLCAsteron

The products are all life based including Life, TPD and Income protection.

Income is made up of insurance renewal commissions of approx. $240,000. There are 570 names in the register. The clients are spread nationally.

The make-up of the client base is PAYG, Professionals, and Tradies.

The clients’ age brackets are roughly:

Under 4571%
46-5527%
Over 55 2%

These clients have been purchased over a number of years. No files are available as they have not been serviced due to a lack of qualified staff.

There are no restrictions on the sale of the data base by the vendors AFSL.

Potential

The following are the opportunities for reviews:

  • All recurring revenue is at 10% commission,
  • Policies can be rewritten at the current 20% commission paid by insurance companies
  • Cross generational referrals
  • Upgrades and consolidation

This is an ideal opportunity for someone looking to acquire a client base that can be grown by way of extra services and contact which has been lacking with these clients.

The vendors are willing to talk attractive terms for the purchase with an upfront investment, reasonable handover protocols and standard run off provisions.

For more information and a prompt introduction please call Jim Prigg on 0408 520453 or jim@knowledgemaster.com.au.