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what is the commission split for this company ?
What does the contract say about releases ?
Are you captive or can you do outside business ?
What does the contract say about releases ?
Are you captive or can you do outside business ?
Appreciation Financial....anyone had any experience with them?
- Thread starter marc82much
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marc82much
Super Genius
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Commissions can go to 100%. There is more, but suffice to say I am VERY happy. I am 66, I don't really care about releases. My wife retires in 3 years then we are out of here. So, this is my last rodeo. Glad I found them.
My partner and I were interested in getting into schools. We spoke to them before. We were told by the agency manager in that office that the real maximum payout is actually 70% to the salesforce. So 100% of 70% at top contract isn't that great. We turned that offer down quickly considering our current contracts were much higher and it wasn't even close. I believe their non-compete was also 2 years. So unless that has changed, it's not a real 100% commission compare to other IMO.
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I'll let her explain. (I just sent her a PM on LinkedIn asking her to chime in.)
In short - they have "a process", they didn't answer her questions about broker/dealer registration in full, at one point they encouraged her to "make money ONLY by recruiting", and they had rather high expenses charged.
But again, I'll let her give more of her experience.
Ann norvell
Expert
I signed up with them about a month ago. And then my son became very ill and we had to do some traveling to Mayo Clinic recently. That trip killed my budget. The policies and companies affiliated with them are decent. But lot of out of pocket expense for catering luncheons, If you have your securities license, it’s over $100 a week to utilize their BD. I know business costs money but after my sons medical scare, I’m about tapped out. I think my expectations are my issue and not an industry issue. I came from a corporate environment and that isn’t how the insurance industry operates.
Ann norvell
Expert
And yes they have a process or system for selling that they don’t want you to deviate from. they want a duplicatable system that works for everyone regardless of sales experience. I get it, but I’m not a script follower. You can recruit but don’t have to. I hear recruit and my stomach turns from past experience. I don’t think I can assess them based on my green industry experience.
Ann norvell
Expert
Hey.. $200 admin fee??? Not heard of that? I believe BD was $125 a week?? No.. never heard of admin fee/ mo. Back office fee of $10 a week..
Ann norvell
Expert
What if we had some people share expenses of other like companies and we can all compare for ourselves.
Ann norvell
Expert
I believe that Commission starts at 70% until you level up meaning you have so much in sales and or recruits. Then goes up be recruits.
Ann norvell
Expert
Sounds about right! But do keep in mind charge backs can and do happen and can be controlled not 100# prevented. Proper suitability and not over selling helps. I think you offered a pretty balanced view. They use encompass as their BD.
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