Commission Percentage Om Term Life

You do know that Cherry Picking Carriers you are Contracted with by Compensation is considered an unfair practice in most States unless you fully disclose your compensation with each carrier to the prospect and have it signed off on as disclosed.

Remember State of NY vs. Marsh or Brown & Brown or a host of other carriers that were persecuted by State Attorney Generals for doing just that. Life, Annuity, A&H were also included, not just P&C.

To think you are too small to get a call from the DOI for your practice, be prepared for a shocker.....It happens. There are enough starving Lawyers out there to make your life miserable.

Just give the client honest choices based on pricing and underwriting appetite from the carrier and the TERM Commissions will fall into place.
 
You do know that Cherry Picking Carriers you are Contracted with by Compensation is considered an unfair practice in most States unless you fully disclose your compensation with each carrier to the prospect and have it signed off on as disclosed.

Remember State of NY vs. Marsh or Brown & Brown or a host of other carriers that were persecuted by State Attorney Generals for doing just that. Life, Annuity, A&H were also included, not just P&C.

To think you are too small to get a call from the DOI for your practice, be prepared for a shocker.....It happens. There are enough starving Lawyers out there to make your life miserable.

Just give the client honest choices based on pricing and underwriting appetite from the carrier and the TERM Commissions will fall into place.

Pat...it was a joke. A bit of an inside one because I really don't want to pick them up, but was going to anyway to help the FEX team out. I'm liking TA's trendsetter for my smaller term cases...

Waiting on that Sagicor contract to come through...hint hint.

Donnie
 
I don't get it.....what's a joke? A new sales system?

:SLEEP::SLEEP:

Scott has wanted me sign up with them and I've been reluctant because I've got too many companies as it is..for FE atleast. So I didn't see the need, but when he posted 130% on term I thought it would make a funny post...maybe it was too much of an inside joke and some people thought I'd write purely on commission. Not the case at all. Dayum
 
Scott has wanted me sign up with them and I've been reluctant because I've got too many companies as it is..for FE atleast. So I didn't see the need, but when he posted 130% on term I thought it would make a funny post...maybe it was too much of an inside joke and some people thought I'd write purely on commission. Not the case at all. Dayum

I still Don't Get it.....what's an inside joke????
:laugh::laugh:
 
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