Can I Be Appointed with Same Medicare Carriers Under 2 Different Agencies?

Discussion in 'Senior Insurance Forum' started by Sapphirise, Aug 13, 2017.

  1. Sapphirise
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    Sapphirise New Member

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    Hello,

    I am appointed with an agency that pay out $300 per sign up on medicare. With this, they give me leads.

    Recently, I found an agency that pay out around $500s per signup but I need to go out and get my own leads.

    The new agency pay more and I want to be appointed with them but I still want to stay with my current agency because they give me lead.

    So my question is since both agencies work with same carriers, can I be appointed with these carriers under 2 agencies?

    I don't know how hard is it to get own leads but if I do, I want to sign seniors up with new agency because this would be the lead I find on my own. And I will sign seniors up in current agency only when they assign me their leads.

    Or get appointed directly with the carriers to get the maximum payout for my own lead.

    Is this possible?
     
  2. BeeSelective
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    BeeSelective Well-Known Member

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    So you want to get leads from one and sell for another because they pay more. Hahaha. You will go far!!!
     
  3. Todd King
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    Todd King Well-Known Member

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    No, you won't be able to be dual appointed with any of the carriers.

    You are also making it sound like this is a one-time payment with either agency. If this is true, then neither agency is a good fit. Are you getting renewals or I'm I just mis-reading what you're saying?

    Keep in mind that there is no such thing as a free lead. You're paying for it somehow and most of the time you are paying dearly for it in the end!
     
  4. Sapphirise
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    Sapphirise New Member

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    Your are right the leads are not free that is why the current agency is paying lower. Their renewal is only $150 while the new agency told me it is $200.
     
  5. GreenSky
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    GreenSky Well-Known Member

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    If you are in CA I can guess who you're with.

    Either live with the $300 or leave. It's dishonest to even think about what you'd like to do.

    If you can generate your own leads you are almost always better off do that rather than the haircut you're now getting.

    Rick
     
  6. Bevo
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    Bevo Well-Known Member

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    So you want your cake and to eat it too huh?

    You want the safety net AND the big prize of being indie, but what your greedy little mind doesn't realize is you only get the big prize IF YOU DESERVE the big prize. And You don't.

    And like Bee said, if you're thinking this way at all it's likely you're scheming to take the leads from the first to sell under the second. Karma, is a big ole' bitch. The sooner you learn that the better.

    GREED. It's not just for breakfast anymore.
     
  7. timeflies
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    timeflies Well-Known Member

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    Looks like there are some grammar issues here. I think what the poster is trying to say is he wants to be paid a higher amount if he generates his own lead and not settle for the lower amt on all sales. He only wants to settle for the lower amt if the FMO provided the lead.

    Bottom line, is you can only be appointed with 1 marketing organization for each carrier and you should know what the marketing organizations's release policy is prior to signing any agreements.
     
  8. yankee466
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    yankee466 Well-Known Member

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    I think it is basically correct to say that with health products you can not dual appoint, but with life products you can. Never knew why that is....but it is all that I have seen.
     
  9. Newby
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    Newby Well-Known Member

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    Read it closer Todd. He CAN get free leads. He steals from the IMO that is providing the leads and sells them through the 2nd IMO that pays the higher commissions. He and the 2nd IMO make out like bandits. First IMO is just out his lead cost and makes zero. But the OP is not concerned about that guy.

    Other than having to look yourself in the mirror I think it would work until you get caught. Very short term and unethical thinking.
     
  10. Sapphirise
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    Sapphirise New Member

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    The only person who understand my situation and question fully is timeflies. Thanks for the responds guys!
     
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