Life insurance adviser under a network

The insurers pay you commission when a policy starts. Clients pay nothing extra unless you agree an adviser fee. Typical clients are new parents, first-time buyers, and people with a mortgage or a growing family.

Upfront commission on each policy sold, sometimes with smaller ongoing commission. The network usually takes a share or charges fees. Income is uneven at first while you build a client base and referrals.

• Explaining complex products in plain language
• Sales without pressure
• Careful record keeping
• Building trust and referrals

• Advising on and arranging life insurance is regulated, so check with the FCA and your chosen network before speaking to any client
• Commission can be clawed back if a client cancels early, so check the network's terms
• Network fees, compliance costs and indemnity insurance can eat into early income
• Treat client data carefully and check your data protection and ICO registration duties
• Expect months before steady income, so keep other income or savings in place

Startup costs are typically estimated at around £1,000 to £4,000, depending on the network you choose. Network fees, compliance costs and indemnity insurance can eat into early income, so check the terms.

Monthly revenue is typically estimated at around £800 to £4,000, depending on the policies you arrange. Commission can be clawed back if a client cancels early, so check the network's terms and expect income to build over months.

Advising on and arranging life insurance is regulated, so check with the FCA and your chosen network before speaking to any client. Many new advisers start as self-employed appointed representatives of an FCA-authorised network, so check the network's terms and fees.