When you buy an insurance policy a commission is paid to the person who sold it to you. When you buy a policy online that commission is instead retained by the insurance company or used for other expenses (advertising, etc). The Indemnus Fund uses the traditional framework of a commissioned agent distribution system, leverages the cost savings provided by the internet and redirects the earned commission to charitable causes (instead of an insurance agent). This amounts to 50% of our total regular income (not profit, income).
The unique nature of the insurance business is that commission is earned not only on new policies but also when a policy renews. This means that we make the donation every single time a policy renews! This is significant because most companies that donate to charity do so upon the purchase of a product or service. It is a one-time donation. The Indemnus Fund is a perpetual source of money for charities!
The truth is insurance has become a commodity. That means that insurance companies and policies have become so similar that the consumer no longer differentiates between brand A, B or C. Most of the larger insurance companies provide 24/7 service. They have great websites and their coverages, for the most part, are the same. What it comes down to for today's consumer is price. When buying insurance we believe it comes down to two things, price and making a positive impact in someone's life.
Because of the unique group arrangement with our partner insurance companies, you will find our rates to be as low as any other that you're likely to find. We let our clients and the fund community choose which organizations we should support. We hope you'll consider taking a no obligation quote and please let us know if there are any questions that we can answer for you.