- 10,826
Closer in search
- Thread starter Rod
- Start date
- 4,865
This platform helps agents that don't have the capital to invest into a steady lead program. And as Rouse mentioned above the leads are approx 45 sec old, there's no other FE carrier that you guys are writing for that provides that to my knowledge.
After an agent tries this platform they are certainly welcome to move to a higher contract and pay for the leads. The free lead program is quite popular with a lot of agents. Look at what DIG agency, and others, have accomplished the last 12 months with their free lead program. That speaks volumes.
After an agent tries this platform they are certainly welcome to move to a higher contract and pay for the leads. The free lead program is quite popular with a lot of agents. Look at what DIG agency, and others, have accomplished the last 12 months with their free lead program. That speaks volumes.
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What's comp on the basic fe product for free leads if you don't sell the funeral ad on plan ? 20 % ?im suprised how long it took SL to jump on the free lead program
- 4,865
Here's how the numbers work out without any sugar coating:
_Let's say you work 20 of these free, fresh, exclusive final expense leads (over a 3 day period) and you make only 5 sales (you'll usually average 5-8 sales per 20 of these leads, remember they're only 45 sec old when you start talking with them).
_Let's say the monthly premium is $65 (premiums usually average $60 to $95)
Here's what you'd make:
$65 monthly premium x 12 months x 45% commission x 60% advance x 5 sales = $1053. That's $1053 deposited into your bank account for only 3 days of effort. And since we received a 60% advance (7 1/2 months) we receive the other 40% divided evenly on months 8, 9, 10, 11, and 12 after chargebacks. (Charge backs are never deducted from the agents' advances). And life time renewals start on the 13th month. Imagine if you did this 4, 5 or even 6 days a week as you can work more than 20 leads each week if you wish.
All of our policies include the casket locked in at $2000 for the insured's life, (the funeral homes charge about $5000 to $6000 for the same casket and that's at today's prices), discounts on vaults, monuments, urns, diabetic supplies, hearing aids, 24 hour telehealth, one free hearing exam each year, and even negotiates the price of the funeral services on behalf of the family to save them even more money. Gives you a much, much higher closing % than agents with other carriers simply because they don't have these savings bundled with their policies.
Individual results vary from agent to agent and from week to week, just like any other sales opportunity. Agents also need to average $125 PPL ($2500 production per 20 live transfers) or they're removed from the free live transfer lead program because at that point the numbers would not work out.
_Let's say you work 20 of these free, fresh, exclusive final expense leads (over a 3 day period) and you make only 5 sales (you'll usually average 5-8 sales per 20 of these leads, remember they're only 45 sec old when you start talking with them).
_Let's say the monthly premium is $65 (premiums usually average $60 to $95)
Here's what you'd make:
$65 monthly premium x 12 months x 45% commission x 60% advance x 5 sales = $1053. That's $1053 deposited into your bank account for only 3 days of effort. And since we received a 60% advance (7 1/2 months) we receive the other 40% divided evenly on months 8, 9, 10, 11, and 12 after chargebacks. (Charge backs are never deducted from the agents' advances). And life time renewals start on the 13th month. Imagine if you did this 4, 5 or even 6 days a week as you can work more than 20 leads each week if you wish.
All of our policies include the casket locked in at $2000 for the insured's life, (the funeral homes charge about $5000 to $6000 for the same casket and that's at today's prices), discounts on vaults, monuments, urns, diabetic supplies, hearing aids, 24 hour telehealth, one free hearing exam each year, and even negotiates the price of the funeral services on behalf of the family to save them even more money. Gives you a much, much higher closing % than agents with other carriers simply because they don't have these savings bundled with their policies.
Individual results vary from agent to agent and from week to week, just like any other sales opportunity. Agents also need to average $125 PPL ($2500 production per 20 live transfers) or they're removed from the free live transfer lead program because at that point the numbers would not work out.
- 1,831
Once the new agent wakes up and finds out they're ripping him a new one can he get an immediate release along with his commission and renewals being paid to him ?
- 19,635
There's no need to be released. Just stop writing SL. They don't want to pick them up elsewhere.
- 19,635
It's just an absolute lie to say that a new agent will close 25 to 40% of these junk leads.
Just a bald faced lie!!
And again with the casket crap? That's not part of the policy. It's even a separate contract and it's not guaranteed.
Is this how you have to recruit?
- 4,865
Agents always get an immediate release as this is one carrier per IMO, not a group of carriers per IMO. Agents' renewals are paid once their account clears out. The accounts will clear out quicker on a 60% advance platform than a 75% advance platform would. That's why IMO's representing multiple carriers require an idle period of 6 months (so the account can clear out) before releasing that agent to another IMO with the same carriers.
The worst case scenario is if an agent is on the 60% advance platform and it looks as if the 40% will not clear out debt within 90 days (poor persistency) then all that agent needs to do is pay off the outstanding balance of debt and they'll receive renewals with no interruption. Use a c.card that reimburses a % of your charges back to you or take out a bank loan to clear out the debt using the monthly commission statement showing the earnings to the loan officer as collateral if needed.
- 4,865
If an agent copy cats what a successful agent does then they too should be successful. That's why mentors train novices. Don't worry JD, I'm not out to steal your agents from you...lol.
- 4,865
And just where did you get your info/proof from?
