Compare Club is increasing its acquisition of life insurance books as life insurance brokerages become a core part of its growth strategy.
The firm’s Executive GM, Brendan See, said: “We have already worked with several high-quality financial planning and advice businesses to purchase and look after their life insurance clients, and we are keen to speak with more advisers.”
The company buys life insurance brokerages, their trail commission agreements, and their client base – typically between 300 and 4,000 clients – giving advisers “a clean exit from life insurance servicing”.
“We are open for business and actively building our acquisition pipeline for risk-only clients,” said See.
“Any adviser with a solid life insurance book who is thinking about retirement, reshaping their practice, or simply freeing up capacity should come and have a chat with us.”
See said the shift in the advice industry is creating more opportunities for specialist partnerships that ensure client continuity and peace of mind for vendors.
“Many advisers want to spend their time on planning and strategy, rather than handling alterations to old life insurance policies. Our model gives them comfort that their clients will still be looked after,” he said.
