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Sounds about right to me. I have a really hard time selling MS over the phone, I can get the leads but I can't seem to hire anyone that can really sell them over the phone, wish I could.
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I bet not in FE. And if they are then why wouyldn't they say so. I do know of agents that do very well selling term and/or med sups by phone.
It's specifically FE. Funny part is, you probably even know at least one of them. No reason for them to come on here and air their business model. They're not recruiting and have no incentive to share their business model, so there is no incentive to make waves.
The number 1 and number 3 agents on the leader board for Foresters sell 100% over the phone and have been for 3 years straight and win the trips, which means persistency has to be above par. But to be fair they have lead generators that line up the sales. (best way I can explain it) but it is proof it works. There are several agency that are huge and house 150+ agents and they sell over the phone.
I know I know it's only good for the recruiter.
But to answer the question it does work and can be done. It is a fact.
To touch on persistency, JD if you did telesales your persistency would be almost the same as F2F, if a crappy agent sold F2F there persistency would be horrible as it would be for telesales, yes telesales would be slightly worse, but either way a crappy or inexperienced agent will have issues F2F and with telesales.
Lastly as a real example, I have averaged 6 to 8 sales people doing telesales for the last 3 years and we have averaged 4 to 6 "net" application per person every single week.
But to be blunt, in my opinion "agents" can't do telesales, it's too hard and is a grind for 8 hours a day 5 days a week, and I believe that is why only recruiters post the success, cuz agents can't and won't do it. It's not that it can't be done, it's just "agents" don't want to. It's only my opinion based on 3+ years experience. I have done both and telesales is much harder, and too net 1 more application per week as a regular agent isn't worth it.
I think we would all agree that generally speaking sales people (insurance agents) are lazy and don't want a 9 to 5 grind, hell that is why I am in the business to work less and make more.
anyway just my thoughts and opinions, and they aint worth much on the open market.
I don't believe the story.
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I was just watching a car show on TV and the mechanic was telling the shop owner what he needed to do to make this car a $60,000 car at auction. The shop owner was saying he didn't want a $60,000 auction car that he had $75,000 in..
I wonder will this works for Critical Illness insurance?
I'm going to test this out. I'm very passionate about CI. I know way way way too many who could have benefit from this product.