Broker's Alliance...the Latest.

[2112Greg]

OK, so I've been getting all these calls from BA about something, so I decided to give them a call back.

They want to enter into what they call a 'partnership' with me. They will take a hit on their overrides to bring me into said partnership and I'll make more than 1/3 more money than had I sold the same business elsewhere.

Hmmmm...sounds good.

He left out the juicy bits until the end. There is an upfront fee that will allow me to participate in such a partnership, in addition to the production requirements.

How much is the fee?

It's a simple, one-time payment of a modest 1,500 dollars. But it's an ANNUAL fee, so it's not that bad.

I had to clean the lemonade off my big brand new flatscreen.

Are these people out of their minds??

After I regained my composure, I told him I don't pay anyone to work for them. Then he launched into his thing about Costco, where I'm a member. Come to find out, having a Costco membership is the same thing the Broker's Alliance is offering!

Craziness...

 

[YouGotMyMoney]

Now if you got discounts on life premiums for this $1500 fee, his analogy would actually make sense!

 

[360]

It's actually fairly common. The analogy with Costco is good one as I'd generally refer to these type of offers as a commission club. It's a simple math equation to see if it makes sense for the agent. I'm sure there are people out there who refuse to buy a Costco or Sams Club membership because they aren't going to pay someone to shop in a store.

I've seen clubs like this as low as $150 and as high as 50k.

 

[YouGotMyMoney]

Yeah, but we all can get top contracts through Next Gen and I don't pay a fee for that.

 

[Franz Kafka]

OK, so I've been getting all these calls from BA about something, so I decided to give them a call back.

They want to enter into what they call a 'partnership' with me. They will take a hit on their overrides to bring me into said partnership and I'll make more than 1/3 more money than had I sold the same business elsewhere.

Hmmmm...sounds good.

He left out the juicy bits until the end. There is an upfront fee that will allow me to participate in such a partnership, in addition to the production requirements.

How much is the fee?

It's a simple, one-time payment of a modest 1,500 dollars. But it's an ANNUAL fee, so it's not that bad.

I had to clean the lemonade off my big brand new flatscreen.

Are these people out of their minds??

After I regained my composure, I told him I don't pay anyone to work for them. Then he launched into his thing about Costco, where I'm a member. Come to find out, having a Costco membership is the same thing the Broker's Alliance is offering!

Craziness...

They wanted me to pay $643 a month to enroll in elite producer program for the same amount of overrides. $1,500 a year sounds good compared to that.

 

[360]

To each his own...just a slightly different business model.

 

[somarco]

Are you required to buy life insurance in the jumbo size? Is there a cash back rebate at the end of the year? Does someone stand at the door and mark your policy as you leave?

And most importantly, can you get a jumbo dog & a Coke for $1.50?

 

[Josh]

And most importantly, can you get a jumbo dog & a Coke for $1.50?

That's what I look for in an upline.

 

[2112Greg]

Yeah, but we all can get top contracts through Next Gen and I don't pay a fee for that.

Indeed. Drew, Nick et al are excellent. Top class, IMO.

 

[GAHEALTH]

They wanted me to pay $643 a month to enroll in elite producer program for the same amount of overrides. $1,500 a year sounds good compared to that.

I don't think the $1500/yr comes with the health insurance benefits. And I think the % is higher on the commission with the $1500/yr.