Accident Medical Expense?

[5starfinancialhealth]

I see this product marketed as something to help cover your deductible in the event that an accident were to occur.

What is the average commission on a Accident medical expense policy? Do they offer advanced? Or as earned?

Is this like an AD&D type policy where the only way it will pay out is under extreme circumstances?

 

[JimmyUt]

I see this product marketed as something to help cover your deductible in the event that an accident were to occur.

What is the average commission on a Accident medical expense policy? Do they offer advanced? Or as earned?

Is this like an AD&D type policy where the only way it will pay out is under extreme circumstances?

Typically around 50% or so depending on who you are selling it for. Sounds like with all your questions you could use a good upline, and if you already have one, then possibly a new one.

 

[5starfinancialhealth]

Typically around 50% or so depending on who you are selling it for. Sounds like with all your questions you could use a good upline, and if you already have one, then possibly a new one.

Yeah I can use a new one LOL. I have been in the industry longer than my manager, which says a lot as im only 23. Im going to just save up for leads, contract through HCO and do it on my own though. Been trying to gather all the info because within 2 months or less im going to make the transition to working for myself. A bit scary haha so I do want to be prepared as best as possible.

Thanks for the info by the way

-Andrew

 

[GreenSky]

You have started threads asking about damn near every product available and how much commisison they pay.

May I suggest you decide on ONE product to focus on and go from there?

Rick

 

[5starfinancialhealth]

You have started threads asking about damn near every product available and how much commisison they pay.

May I suggest you decide on ONE product to focus on and go from there?

Rick

Dont take this the wrong way...Ive been doing this for a long time and have alot of experience selling all of the product's I have asked about. My main questions have been regarding commission's and advance's. When it comes to the product's being decent to offer to
the client, the only reason I ask is because when you work for an up line sometimes they will tell you(the agent) what they have to, to push the product.

For health im doing GR & Assurant.
For life im doing Fidelity
For CI im doing MoO
Dental im going through Assurant.
Acci med expense through GR

 

[GreenSky]

Dont take this the wrong way...Ive been doing this for a long time and have alot of experience selling all of the product's I have asked about

No offense meant but you were posting like a newbie asking all sorts of questions. Didn't realize your situation.

Carry on....

Rick

 

[5starfinancialhealth]

No offense meant but you were posting like a newbie asking all sorts of questions. Didn't realize your situation.

Carry on....

Rick

None taken. Im just trying to put all the numbers together before I make my transition to working for myself to determine what type of return I can expect to see and how much of a lead budget I would need to keep me floating. Just basically trying to map out the whole process ahead of time to avoid any bumps in the road.

 

[HomeService]

when I worked at mutual of omaha in the 80's, we had a good one, and our manager pretty much made us sell it each time we sold a major med policy, to cover the deductible. Then I moved to TX and it's a big seller here because we do not have required worker's comp. We just cannot say it is a replacement for worker's comp, or anything to do with worker's comp, just nothing to do with that, but as long as we sell it correctly here, it's a great product.

 

[5starfinancialhealth]

when I worked at mutual of omaha in the 80's, we had a good one, and our manager pretty much made us sell it each time we sold a major med policy, to cover the deductible. Then I moved to TX and it's a big seller here because we do not have required worker's comp. We just cannot say it is a replacement for worker's comp, or anything to do with worker's comp, just nothing to do with that, but as long as we sell it correctly here, it's a great product.

This is good to know, Ive marketed as something to cover the deductible, and have always wondered if that was misleading or not. Thanks for clearing that up