It's 1k per employee so if you have employees, you can get that money faster than most will get their PPP.
COVID RELIEF: Paycheck Protection Plan
- Thread starter theinsuranceman
- Start date
- 7,012
Yeah. We have one 1099 admin. That's it.
- Thread starter
- #24
- 4,872
That's false info. You can call 800-659-2955 since you don't seem to believe anything I post up here...lol.
- Thread starter
- #25
- 4,872
That's also false info. Call 800-659-2955 to verify since you don't usually believe anything I post up here. This post is too important to be foolishly posting rumors as if it's true.
- 30,588
I now know two agents that have actually received an EIDL and they both got 1k due to no employees.
- Thread starter
- #28
- 4,872
Interesting.I called the 800 # 2 different times and got the same answer both times.
This thread has extended way longer than I ever expected. It was interesting for a moment, but will someone help me understand why all of this is relevant, specifically to us? Whether you have a staff of 500 employees, renting a penthouse suite on 5th Ave., and whatever other legitimate business expenses you may have, what is all the interests in the details of the PPP or EIDL? I don't see the need for either. No offense to the female gender, we call ourselves "salesmen". Was it not our ability to sell that afforded us the staff, the office building(s), call center(s), high-tech dialing systems, websites, etc? Not only are we salesmen, but considering this international crisis has created a higher demand for our product, why should any one of these programs be a necessity for us? Is it because the income for some of us is dependent on our downline's production? They should be selling more as well. Why would an insurance company's VP advise a producer to apply for these programs?
Those of you who do not have financial advisors have been referred to or approached by one at least once in your lifetime. Before they advise you on any of your investments, the first piece of advice they tell you is to allocate a portion of savings towards cash reserves equivalent to 6-12 months of expenses. Why? For emergencies, unexpected expenses, and opportunities. This is the number one reason why a lot of businesses will succumb to being bought out, or flat out fail.
Why is this relevant? For one, if you've followed the advice of your FA, you may continue fighting telesales for at least 6 months to a year and still maintain your standard of living before shit hits the fan. Btw, if you don't have a FA, you are just as much of a world class procrastinator as the prospects you point the finger at. Secondly, there are more people inquiring about life insurance now than there were before COVID. So, why is there suddenly a need or want for relief?
I do not profess to be smartest one on this thread, otherwise I would have left by now. So, would someone please enlighten me on why I should consider either one of these programs?
Those of you who do not have financial advisors have been referred to or approached by one at least once in your lifetime. Before they advise you on any of your investments, the first piece of advice they tell you is to allocate a portion of savings towards cash reserves equivalent to 6-12 months of expenses. Why? For emergencies, unexpected expenses, and opportunities. This is the number one reason why a lot of businesses will succumb to being bought out, or flat out fail.
Why is this relevant? For one, if you've followed the advice of your FA, you may continue fighting telesales for at least 6 months to a year and still maintain your standard of living before shit hits the fan. Btw, if you don't have a FA, you are just as much of a world class procrastinator as the prospects you point the finger at. Secondly, there are more people inquiring about life insurance now than there were before COVID. So, why is there suddenly a need or want for relief?
I do not profess to be smartest one on this thread, otherwise I would have left by now. So, would someone please enlighten me on why I should consider either one of these programs?
Some agencies have employees. That's my reason. I can't speak for anyone else.
