Appt. charge for other States?

[GirlInPink]

Hi everyone!
I’ve been working independently (still a newbie in some areas) and decided to team up with a large Insurance Company to sell Life and other products.
My experience in the past was as long as I was licensed in certain states I was good to go and sale. NOW that I’m with this company they want me to PAY for the agent/agency fees per appointment. WHY am I paying this? What am I not understanding with this? I feel like I shouldn’t have to pay anything.

 

[NSRH]

Hi everyone!
I’ve been working independently (still a newbie in some areas) and decided to team up with a large Insurance Company to sell Life and other products.
My experience in the past was as long as I was licensed in certain states I was good to go and sale. NOW that I’m with this company they want me to PAY for the agent/agency fees per appointment. WHY am I paying this? What am I not understanding with this? I feel like I shouldn’t have to pay anything.

Some carriers pay the appointment fee for you, some take it out of your commissions when you write your first deal, others just charge upfront.

Either way, their is a cost getting appointed with a carrier in each state.

 

[VolAgent]

What NSRH said. Some companies eat it as a cost of doing business and some pass it on. There are a few states that do not allow companies to pass on the fee, but they are definitely the exception.

 

[myinsurebiz]

Hi everyone!
I’ve been working independently (still a newbie in some areas) and decided to team up with a large Insurance Company to sell Life and other products.
My experience in the past was as long as I was licensed in certain states I was good to go and sale. NOW that I’m with this company they want me to PAY for the agent/agency fees per appointment. WHY am I paying this? What am I not understanding with this? I feel like I shouldn’t have to pay anything.

They do this because if they didn't - they'd be paying appt fees for thousands of agents that never send in any business . . .

Get non-res in the States that don't have non-res appt fees - like SC, etc.