Closer in search

[theinsuranceman]

Well it's been a long day and I'm going to go lift weights. Ya'll have at it..lol.

 

[theinsuranceman]

Not on a contestable policy.

You're wrong again. Notice I said you were wrong, I didn't say you were lying.

 

[DonP]

Greg I never heard you say how many full time agents under you ? Do they call out of an office or home ? I bet there's 1000 agency's in fe telesales vs 100 5 yrs ago

 

[titeye]

Wasn't there a discussion a while back about an agent wanting to move from one SL IMO to another and SL would not let them? That doesn't sound like they give immediate releases.

Yes, that was me.

 

[titeye]

It happens if there is a good reason

In other words, "NO!"

 

[rousemark]

Most carriers require a death certificate to pay a claim. Otherwise the beneficiary could call the carrier and say the insured has passed away and then have the check paid to the benficiary ...all while the insured is in the other room. Maybe you are referring to a preneed or prepaid funeral?

No, I am referring to your casket service. If you have to wait on the death certificate the service is worthless. They could ship based on an affidavit from the funeral home

 

[noah]

True for KY, but he writes in a couple other states too.

How do you know which states he writes business in ?

Which states are you talking about other than Kentucky?

 

[titeye]

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.

No sugar coating, huh?
What is it called when you assumed 100% of those 5 sales don't have health issues that decrease the agents commission? Or worse, one or more of those sales say they don't need or want casket services?

If that wasn't sugar coating, it was either lying, exaggerating, overstating, excluding details, stretching the truth, or misleading. Pick one.

I don't expect a response. You avoid all of my questions anyway.

 

[jdeasy]

You're wrong again. Notice I said you were wrong, I didn't say you were lying.

I'm not wrong. Your TPA doesn't pay for anything on a contestable policy unless the policy is paid.


Which is not going to be within a few days.

It's the same with LH, (your daddy), and FCGS.


Nothing on a contestable policy unless the policy is paid.

 

[theinsuranceman]

Greg I never heard you say how many full time agents under you ? Not enough. Do they call out of an office or home ? Home. I bet there's 1000 agency's in fe telesales vs 100 5 yrs ago Probably true.