Commissions on Critical Illness?

[5starfinancialhealth]

Anyone have any idea what the commissions are for critical illness? Assurant in particular but just an estimate will be ok. Im putting some numbers together and need the average commission rate to complete what im trying to get done

 

[tntiquer]

Anyone have any idea what the commissions are for critical illness? Assurant in particular but just an estimate will be ok. Im putting some numbers together and need the average commission rate to complete what im trying to get done

Don't know about Assurant but most of my companies pay in the 65% range.

 

[5starfinancialhealth]

Don't know about Assurant but most of my companies pay in the 65% range.

Thanks. I figured it would be in the range of 60-80%

 

[somarco]

Commission percentages become irrelevant if you can't push enough product out the doors. CI seems like a logical, easy sale. The reality is, it has not worked very well outside of worksite marketing.

 

[pfsthib]

Currently 94% with MoO. Not sure what other companies are offering.

 

[5starfinancialhealth]

Commission percentages become irrelevant if you can't push enough product out the doors. CI seems like a logical, easy sale. The reality is, it has not worked very well outside of worksite marketing.

When you say this, what do you mean exactly? I think what your saying is that its very hard to actually get a claim filed similar to like an AD&D policy, but if you could just elaborate for clarification

 

[somarco]

No, you can have a policy that pays 300% commission but if you can't sell it you make $0.

 

[5starfinancialhealth]

No, you can have a policy that pays 300% commission but if you can't sell it you make $0.

Ahh ok, I see. Makes sense

 

[GreenSky]

No, you can have a policy that pays 300% commission but if you can't sell it you make $0.

I can't sell worth a damn. Where can I get 300% commission?

Rick

 

[somarco]

I can't sell worth a damn. Where can I get 300% commission?

Try zero premium life. I believe Newby has contracts.