Assured Life/ Woodmen of the World

[VaDwayne]

Does anyone know their price for fraternal membership? I am looking at a med supp for two people but I forgot their member dues amount...
Everyone ok with these guys?

$1.00 per month and a one-time $25 application fee.

 

[Frank Stastny]

Commissions for Virginia are.... Years 1-6 = 22%, 7-10 = 6.5%, 11+ = 0%.

I am new to selling Med Supps, obviously I can read that years 11+ have no commissions. I know people get old and die, but do agents normally actually stop receiving commissions after 11 years? OR... do other company's normally have better rates in that many years, so you switch them, and in turn, "re-start" the commissions?

Another question...
The commission rates I posted were for ages 65-80. Years 1-6 for 81+ is 11%. So, If I sold a med supp to someone who was 80, would I get 22% commission for the first 6 years, or get 22% for 1 year, and 11% for 5 years?
-Craig

You will find that you will be switching your clients to another company long before the eleven year mark. Premium increases will will make that necessary. If you don't, another agent will.

And yes, your commissions start all over again with the new company. I still have seniors as clients who I wrote Med Supps for in 1993 and I am still getting "full commission" on them.


You will continue to receive your original commission for the full six years after they turn 81. I have never had a company reduce my commissions because the client "got older".

 

[Success]

Great! Exactly what I wanted to hear... Since I'm getting into the business so young, I was hoping I could hang onto commissions for a little longer than 11 years. Thanks

-Craig

 

[gboylan21]

i write them in ohio and have not had any problems with them. their rates are low compared to other companies