Bad Experience with Final Expense Bootcamp.com

[theinsuranceman]

I wanted to add a couple thoughts after skimming over this thread. I had two agents this week that were terminated from the lead program. One guy received 58. leads no sales and the other 97 leads in the last three months with no sales. Both of these guys have been on many of my conference calls and had full access to the EFES University. Not to mention time on the phone explaining the lead program and all the hoops to get them contracted.

EFES and I did everything we promised. Provided leads and training along with a more than fair commission these agents agreed to. However I will imagine that one or both may be asking for a "release" from their contracts. These two are either horrible at FE or they just wanted to find some cheap leads and free training.

It is agents like these that drive up cost and cause policy changes that hurt good agents that are just trying to find a reliable lead source and training.

I'm pretty sure the guy who started this thread was a marketer from a competitor, because an agent would be embarrassed and ashamed to share that tale…

If you agree to whatever terms to join a group, you have nobody to blame but yourself if you do not like the deal. In my knowledge I have never known EFES or Shannon to lie to anyone.

I have a buddy of mine that is mad because his wife is fat; I want to tell him she was fat when you married her. You knew what you were getting. Same thing applies here…

Travis, you should've cut off their lead flow (unless they were pre-paying for leads) after the 1st 20 leads showed zero sales.

 

[b61mack]

This is a hard business, my take is they called the leads, got the answering machines, or got the no thanks. And the agents are saying oh well, must be the leads. Let me buy more. I realized i don't have the right gift of gab, to set appointments off the cards, and was burning though to many leads, so i started door knocking, I don't like it, but until i get better at setting appoints, i will door knock. If they have no loyalty, it will come around and bite them in the wallet.. I believe in Karma.

 

[HoosierDaddy]

Travis, you should've cut off their lead flow (unless they were pre-paying for leads) after the 1st 20 leads showed zero sales.

You are right. However, the start up packages entitled them to a number of leads. Plus myself and most of the EFES staff were away on Conventions so these guys flew under the radar a little longer than they should have.

These examples are why lead programs may insist that an agent cancel existing contracts with other carriers, and tell agents up front they will not offer releases. That helps weed out the agents that want to really take advantage of the benefits of the lead program or just pimp for 40 cheap leads.
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This is a hard business, my take is they called the leads, got the answering machines, or got the no thanks. And the agents are saying oh well, must be the leads. Let me buy more. I realized i don't have the right gift of gab, to set appointments off the cards, and was burning though to many leads, so i started door knocking, I don't like it, but until i get better at setting appoints, i will door knock. If they have no loyalty, it will come around and bite them in the wallet.. I believe in Karma.

There is no such thing as a "gift of gab" in setting appointments from FE lead cards. There needs to be no gab at all by the agent, that may be why you are having problems. How are you ever going to get better at setting appointments if you are door knocking? I agree it is to expensive to practice with lead cards that cost $20 each. What you should do is buy a list with 500 names and try to set appointments from the list of names. It would be cheap good practice on the phone and I would bet you will make some sales from it.

But there is one major downfall I'm afraid. It is hard work and require a lot of your time and you have to be committed to getting better. That is to big of task and to much sacrifice to most FE agents. To get good at this it does require a lot of effort and the desire to really want to get better. You have to sell out 100%

 

[b61mack]

A new agent can blow though 20, 40 leads real quick. That is a reality. I know i have been there. Now i door knock. maybe I am giving those agents the benefit of doubt. I can see them leaving after a year under their belt, if they have low contracts, but if they were giving fair contracts, i believe hossier daddy does give fair contracts, but some agents sign those 55-70% then never get off the ground. I think 80 is the minimium, but you will lose the agent within a year. 90% is a good fair contract, with training, and 100% if you generate the lead yourself. just my opinion.

 

[nfl72]

You can get 80% or a hundred percent, with good leads and throw in a great trainer, the bottom line is this. Eight out of ten people who get their life insurance license license won't last a year, and half of the guys who do last a year will make less than 35K.

 

[jdeasy]

You can get 80% or a hundred percent, with good leads and throw in a great trainer, the bottom line is this. Eight out of ten people who get their life insurance license license won't last a year, and half of the guys who do last a year will make less than 35K.

It's higher than 8 in 10. More like 9.5 out of 10. I saw somebody post in another thread, "if this business was easy, everybody would do it".

 

[vanquishV12]

well, I'm glad it's hard.

Success takes sacrifice and change and if a person is not willing to pay the price then his spot is taken by someone that does pay.

It's higher than 8 in 10. More like 9.5 out of 10. I saw somebody post in another thread, "if this business was easy, everybody would do it".

 

[b61mack]

Here in PA, if and i mean a big if. If you get them on the phone, they have a memory lapse, what! i didn't ask for any information, click. i don't think those agents are slick enough, to write another company, most likely they are on free fall. I AM FALLING AND CAN'T GET UP! instead of trying to figure out what they are doing wrong, They call another IMO, for advice. Must be the leads, sign here buy my leads, I AM FALLING AND CAN'T GET UP!.

 

[primetime166]

I wanted to add a couple thoughts after skimming over this thread. I had two agents this week that were terminated from the lead program. One guy received 58 leads no sales and the other 97 leads in the last three months with no sales. Both of these guys have been on many of my conference calls and had full access to the EFES University. Not to mention time on the phone explaining the lead program and all the hoops to get them contracted.

EFES and I did everything we promised. Provided leads and training along with a more than fair commission these agents agreed to. However I will imagine that one or both may be asking for a "release" from their contracts. These two are either horrible at FE or they just wanted to find some cheap leads and free training.

It is agents like these that drive up cost and cause policy changes that hurt good agents that are just trying to find a reliable lead source and training.

I'm pretty sure the guy who started this thread was a marketer from a competitor, because an agent would be embarrassed and ashamed to share that tale…

If you agree to whatever terms to join a group, you have nobody to blame but yourself if you do not like the deal. In my knowledge I have never known EFES or Shannon to lie to anyone.

I have a buddy of mine that is mad because his wife is fat; I want to tell him she was fat when you married her. You knew what you were getting. Same thing applies here…

Bravo

I agree as i stated before. Sounds like that guy that rhymes Bloomberg.

When you have. Reputation you seem to see history repeat

 

[b61mack]

Everyone is jumping on the OP. But, if my memory serves me correct, it is the same thing, JD, said that happen to him, when he started with EFES, he is also from kentucky. Not getting enough leads. JD said it took him a few months and with the help of Hossier Daddy, To pull it together. The OP should get a hold of Hossier Daddy, and transfer to him.