Best Insurance Carriers to Work W/As An Independent Agent

[Joey Eman]

SOmarco

"Because they think it is the way to easy wealth. Loser thinking mate...absolute loser mindset. They think it's the easy way to wealth? ORRRRRRR........this is the path winners take to make money. All you "pureists" insurance sales agents are making me laugh. "I only write from my own pen" ppl are absolutely killing me. YOu think there's honor in being a broke loser. In the words of Ari Gold..."do you know WHYYY I wanted to become the most successful talent agent!?!? It's so that I COULD STOP BEING AN AGENT!!!"

Lol...but have fun writing policy after policy until you die. I'll be in Hawaii next week...and will check in on this thread full of broke old head losers.

I guess this makes sense...ppl killing it aren't on a forum blogging about their shitty life. I came here for value...I leave here realizing why only 97% of agents make it.

If the 2 ppl responding to me on this thread represent this forums demographic....ya'll are a bunch of whiney, negative losers lol. Peace. Thanks for NOT answering my simple question you broke losers. And nice job trying to put me down. Go back on Monday and WRITE MORE POLICIES lol

When I had agents working under me I made good money. I had an exclusive territory (7 states) for the product. Life was mostly good until that company went belly up. I lost revenue and credibility.

The credibility was the most difficult to rebuild.

When I started building I went 100% solo. It took several years to get back where I was before the crash but I have never looked back."

 

[billyb]

Like I said been doing this for 43 years and have made some good money without having to worry about what another agent is doing. Not everyone wants to be the boss like you. Don't know how long you have been selling life insurance but I assume not long if you are on here asking about carriers. Why would anyone contract under you when you don't even know what you are doing. If you talk to us this way I can't imagine how bad you would talk to one of your agents. Bet you don't last a year.

 

[rousemark]

Somarco thanks for your response.

"work direct with carrier, remote telephone sales (implied e-app), 100% commission, not required to have a formal business (S-corp, LLC, etc), recruit downline agents . . ."

That's great mate ^^^^ (what you said here) but still didn't answer my question. I was asking WHICH carriers I could work directly with that would allow me to take 50% commission....or are there none? Is it just the case that they pay me out then I pay them out and I would have my own separate contract stating that they make 50% of their commission?

"If you have never recruited AND trained downline agents you probably are not familiar with cancellations and how they roll up.

You probably have better odds winning the lottery."

I have a better chance of what than winning the lottery? Bringing in downlines at 50% commission structure lol. Ah man..you guys gotta be kidding me with your responses...so many negative where are all the positive people at. The encourages I see a lot of broke negative ppl. Jesus this forum huh. Don't come here if you dream big should be the name of this website my God. Pathetic.

Believe what you want but there are a lot of ppl on here that are earning well over the 6 figure level. Just because they are not validating what you want to think certainly doesn't make them broke. In fact, you may well find yourself in that category if you do consider what they have to say..

 

[rousemark]

Billby -

"Why does all new and even some experienced agents want to recruit? I have been in personal production for over 43 years and have never recruited an agent to work for me. Go out and prove you can be a success before hiring agents to make your living for you. How can you train someone when you don't even know what you are doing?"

How about this...that's pathetic. You think there's honor in writing for yourself. I personally only got into doing insurance so that I DIDNT HAVE TO DO THAT.

You ask why do new ppl want to recruit...because we want to make money. The question is ...why haven't you been getting agents under you. Man what is with this forum and the never ending amount of low thinkers GOD Im finding a new one where..this is where agents go to die.

All down and out people hating. It's amazing how negative the human mind can get.

So many stupid low level ppl here

Bye-Bye .... See you on the hamburger servers forum next year

 

[Travis Price]

TLDR:
1) No one can tell you which companies you are looking for because it's largely based on state and product. Figure that out first.

2) Your reputation is EVERYTHING in this business. Don't rush to do something you don't really know what you're putting yourself into yet.

3) There's a ton of downside to having agents underneath you. If being a manager is for you, then go for it. However, you can just write yourself and make more money than you need, 10-fold without the hassle.

Hey Joey,

So let's break down a few mistakes you're making up front:

1) There is no universal answer to any of your questions. Company's that let you write direct vary by product and state.

Since we don't know what you're doing, no one can reasonably answer you.

2) It's unlikely any IMO is going to let you get higher than street as a new agent. Most companies don't really want to deal with an individual agent to begin with, which is why most companies don't allow you to go direct. Even when you do, you sign up at their street level.

Increases in percentage's comes when you prove you're a baller producer. That's just the way it is, it's highly improbable Joey new agent is going to break that cycle.

3) Carrying agents sounds like becoming big time.. but there's a few problems:

A) There's a huge investment of time (which is money) in new agents to recruit and set them up for production. 90% of these guys just aren't going to make it.

B) If someone's under you, you're ultimately responsible for their chargebacks. That means you sign someone up and they write 30k in premium with all their friends and bail, then the chargebacks come... YOU have to get that money or YOU pay it.

Look, you can make bank in this business kind of easily if your bankrolled properly and have a system set up day 1 for prospecting.

However, selling insurance doesn't start with the money. It starts with the client. If you do the right thing, the money comes, regardless of the comm rate, agents, etc.

If you do the wrong thing, you burn yourself pretty quickly and the comm rates don't matter because you're not selling.

PS: You're really going to get the bottom of the barrel when you try to slash commission by 50%. You have to offer something of tremendous value that others are not.

Frankly, 50% commission is free leads, free tech, low chargeback liability levels.

Just as an aside, in the telesales circles, you're going up against DBGA... They are a really amazing company with a group of guys that have a stellar reputation.

 

[PA Bill]

Losers? Listen up punk. The math won't work for them at 50% if they're paying for leads.
You're as dumb as a box of rocks if you think you're going to build a successful sales organization with that bullshit.

 

[DHurd]

OP obviously has the secret to success. Let's all get aboard, we have a clear winner here. Who wouldn't be convinced of his dazzling success in life from reading his posts in this thread? What a spectacular, outstanding man. We should all give him a round of applause for being so great of a person.

 

[DHK]

My fear is that if lets say I do all the work of bringing agents in at 70% ...then the person above me at the IMO can go around me and hire them directly at a higher closing %. Let me know I hope you all have a blessed day and thank you for providing so much value love to all!

If you built it once, you can rebuild it again in a smarter way. Your agents can always leave you, but if they were recruited to go above you, that's a different story.

However, any IMO that would dare do that... there's a remedy. Maybe you've heard of it.

You sue them for a breach of contract and for theft (plus damages, etc.).

Have you been selling insurance? Or are you just getting licensed? Your profile says you're in California, but I have to assume that you're not using your real name (which is smart anyway). I looked and there's no agent with your name.

 

[DHK]

1.) I don't want to create an IMO or company and I still want to work directly with the Insurance carriers. Are there any good ones that are good for REMOTE TELEPHONE SALES...that also pay 100%+ commission for Final Expense and/or Medicare Sales....without needing to have a company setup?

What do you mean by a company setup? You don't have to have a corporation or LLC to do what you're talking about. All you need is your own license, your own E&O, and an ability to contract others under you for less than what you are paid. Oh yeah, and whatever other technology you believe you need to do business.

Corporations and LLCs don't provide asset protection for our own acts as a licensed professional (that's why we're licensed in the first place).

However, if you directly hire people or contract with people, those legal entities can be helpful to protect yourself from possible lawsuits and/or debt roll-up to be limited to company assets rather than personal assets.

Not legal advice. Seek your own legal counsel.

 

[DHK]

2.) In addition I am looking for the best telephone carriers that will allow me to bring downline agents in at whatever % I want to put them at.

Have you never seen a contracting agreement? You simply bring them in at a contract level that's lower than yours. You can generally pick from several schedules.

However, if you go too low, with an agent who has been looking, you'll lose them unless you have something else to either increase compensation or make the job far easier.