Refund Case Studies

The following are real life examples of the amount of commissions that can be received.

For the few minutes it takes to register your products with MyMoney you could be receiving thousands of dollars. 

 

Case Study: Jim and Mary

 

James and Merle are a couple still in thier 50's, still working,and registered a number of products all paying various amounts of commission. They registered both names under one MyMoney account and have maximised their refund by doing so.

Typical Portfolio James Merle Total Value Rate Annual Payment

Superannuation

$200,000

$100,000

$300,000

0.55%

$1,650

Managed Funds

$35,000

$65,000

$100,000

0.30%

$300

Life Insurance

$950 pa

$670 pa

$1,620

10.00%

$162

Total Commissions

$2,112

MyMoney Fee(inc GST)

$264

Payment to Jim & Mary

$1,848

 

Average monthly payment to James and Merle $154.00. This adds up to total payments over a 7 year period of $12,936.00 (assuming no increase in account balance, additional contributions   or premiums). 

 

 

Case Study: Jack

Jack is in his 60's and still working. He has registered with MyMoney only his Life and Income protection insurance policies. Jack pays the premiums on these policies every 6 months. At Jack's age it is unlikely that he can have the policy re-written to take any advantage of a policy that does not pay commission

 

Policies Total Premium Rate Annual Payment
Term Life $4,456.32 ($2,228.16 each 6 months) 30% $1,336.90
Income Protection $8,318.22 ($4,159.11 each 6 months) 30% $2,495.46
Total Commissions $3,832.36
MyMoney Fee(inc GST) $264.00
Payment to Jack $3,568.36

 

This adds up to total payments over a 7 year period of $24,978.53 (assuming no increase in premiums).