Best Final Expense Company For Newbie?

[Newby]

In three to four months you will get to where you can sale as much as anyone. Work hard. Stay focused. Stay positive and Believe. You will be amazed what you can earn if you follow these simple steps. The long term renewals are what I love. I can say that Sr Life has an awesome ten year payout and from the 11 th year on it is vested for life with a great renewal rate.
No matter what company you choose you can be a success. It's more about what you do with the opportunity than what company you partner with. Most all the fe companies are good today. Good Luck

What is the 10-year commission schedule for an entry level agent with SL?

 

[Norwayguy]

The long term renewals are what I love. I can say that Sr Life has an awesome ten year payout and from the 11 th year on it is vested for life with a great renewal rate.

I'm sorry I thought you said the contract vests you from day 1. Now you state you are vested in year 11 which is it?

 

[jdeasy]

In three to four months you will get to where you can sale as much as anyone. Work hard. Stay focused. Stay positive and Believe. You will be amazed what you can earn if you follow these simple steps. The long term renewals are what I love. I can say that Sr Life has an awesome ten year payout and from the 11 th year on it is vested for life with a great renewal rate.
No matter what company you choose you can be a success. It's more about what you do with the opportunity than what company you partner with. Most all the fe companies are good today. Good Luck

The only people that ever say that stuff about about SL are people recruiting for SL. Never has there been even one producing agent for SL get on this forum and back up those claims. Never!

There have been many that went with SL because of these promises that get on here later and say they sold a bill of goods. While I know that will happen with every IMO it is usually balanced by agents that give the other side. There is not another story being told about SL, or LH for that matter, except by the marketers.

That's really all one needs to know about the stories.

 

[rousemark]

I can say that Sr Life has an awesome ten year payout and from the 11 th year on it is vested for life with a great renewal rate.

Just curious.. Why always generalities and never specifics so a person can make up their own mind as to whether the contract is "awesome" or "great"? Rates, vesting terms, when and under what conditions does payment of renewals cease, etc.?

 

[Newby]

It seems that street level commissions for most FE companies seems to fall between 160-175% over 10-years.

If SL pays that then they fall right in line with everyone else.

 

[jerry176]

mga you have not answered the question about "what happens to the $ below 250.

A....does it roll over to next month, so agent can get what is rightfully theirs

or

B.....is it lost for forever

is it A or B
answer please....

 

[MGA]

Just like I have stated earlier the IMO can decide what compensation he or she chooses to hire someone at. As for the vesting an agent can be vested from day one and for lifetime at what ever dollar amount the IMO chooses. So if you are vested from day one at 25 dollars per month or 200 dollars for the year the only way you would not get your renewals is if they fall below the agreed upon amount. If renewals fell below the agreed upon amount then the renewals would roll up to the next in hierarchy.

Matt was correct when he stated contracts are negotiated and the IMO can do as he sees fit.

Also as I stated earlier you want have any unbiased direction as long as any manager makes any overwrite off of you.

At the end of the day guys IMOs. Agencies. Broker Agencies, insurance companies, direct mail shops etc are in the business to make money.

 

[rousemark]

mga you have not answered the question about "what happens to the $ below 250.

A....does it roll over to next month, so agent can get what is rightfully theirs

or

B.....is it lost for forever

is it A or B
answer please....

I think it was LH that had the $250 per month minimum and not SL but would be interested in what the SL minimum for payment is.
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Just like I have stated earlier the IMO can decide what compensation he or she chooses to hire someone at. As for the vesting an agent can be vested from day one and for lifetime at what ever dollar amount the IMO chooses. So if you are vested from day one at 25 dollars per month or 200 dollars for the year the only way you would not get your renewals is if they fall below the agreed upon amount. If renewals fell below the agreed upon amount then the renewals would roll up to the next in hierarchy.

Matt was correct when he stated contracts are negotiated and the IMO can do as he sees fit.

Also as I stated earlier you want have any unbiased direction as long as any manager makes any overwrite off of you.

At the end of the day guys IMOs. Agencies. Broker Agencies, insurance companies, direct mail shops etc are in the business to make money.

Have no problem with upline folks making a profit.. that is what we all want to do.. The only thing I want is when someone says there terrific super duper widget is better than any other widget is that they give the the specifics so I can decide for myself. It may well be that it is best for them and not me or vice versa.

I have one contract that is probably less than I could get elsewhere. Most other people would more than likely not accept the contract that I have with that carrier but I really like my upline and he has given me the best he can do so I am OK with it.

 

[javajnky]

Ron, well said - these three people will give you the facts both good and bad. I have investigated, read and talked (by phone) with a number of people on the forum who have been kind enough to give me the benefit of their experience.

I was recruited initially by LH and SL, who after an initial e-mail never followed through again. I guess I wasn't green or stupid enough to fall for their recruiting crap. The same goes for PHR when I told them I was evaluating lead system, compensation, and residuals. Watch the video to see how easy it is to make money- but they did not take into account lead costs.

Take your time, do the research and find people that can give you honest unbiased direction. Make sure you can get a release if it doesn't work out- that needs to be discussed upfront and gotten in writing.

For those of you that gave me advice and direction THANK YOU

Sorry Colorado, I'm confused. I'm about as brutally honest as it gets in this business and I know I fully disclose that leads are at a cost to the agent in our video. And I know, since it's me in the video, that I don't say anywhere that it's "easy money"... so I'm curious how is the cost of leads not accounted for?

John Fitzgerald
President
PHR Insurance

 

[nfl72]

"I was recruited initially by LH and SL, who after an initial e-mail never followed through again. I guess I wasn't green or stupid enough to fall for their recruiting crap. The same goes for PHR when I told them I was evaluating lead system, compensation, and residuals. Watch the video to see how easy it is to make money- but they did not take into account lead costs."



evaluate this; i bet if you spent more time learning how to sell and less time over analizing your pay plan, you would make more money!