I have just re-mortgaged my home and have revisited my various insurances with the broker.

In short, he has recommended a life cover/critical illness product where he receives commission of about £2000. However, he wants me to sign a letter agreeing that if I cancel within four years he will clawback the commission he has to pay back to the financial organisaiton from me.

This seems very strange indeed to me - and frankly wrong. I am, in effect, guaranteeing his commission and I don't see why I should.

I have never heard of this before - is this now industry standard practice or if I go elsewhere will I be able to get the same deal without this?