Protection consultants say invited premiums could be the next “scandal” of misalignments.

Protection consultants criticized the use of loaded premiums and said that it could become a “future misalepish scandal” and destroy confidence in the industry.

Simple Fast Mortgage Principal, Rob Peters currently explained, two identical customers could pay different prices for the same cover just because one contains a charged premium for more commission.

“It is difficult to justify this ethically – or in the eyes of the regulatory authority,” said Peters.

A similar feeling was shared by Daniel Hobbs, CEO of New Leaf Distribution, who suggested that consumer obligation “simply does not work on the protective market” as long as the practice can be continued.

“It is ridiculous that a customer, just because he goes to a certain broker, could pay 10 to 15 percent more per month,” he said.