Do Independents Have Quotas ?

[anteater]

You are absolutely right. Humorless, but right.

Please re-read my post. I said go ahead and have your fun, but do the original poster a favor and answer the question being asked. There's nothing wrong with my sense of humor, and I'm not easily offended - at least not by dirty language or crass humor. It was only my sense of justice that was offended.

I guess you don't have anything to worry about then, do you?

Oh, on the contrary. I may grow a pecker if I spend too much time on this forum.

 

[Crabcake Johnny]

Exactly, I've been dropped by a few carriers - even appointed directly for zero production. As stated, if you're through an agency and yearly appointment fees are involved you clan be dropped.

 

[Winter_123]

Those who apply for a greeters job at Wal-mart and get out of insurance can prevent that from happening.

True, but everyone should make a bonerfied attempt at succeeding before doing that in my view.
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And by the way, we're not all men here.

We know that. We have quite a few liberal guys here but we try not to question their manhood openly.

As noted, some carriers will boot you out if their computers show you have not done any business, and some will keep you but boot you out if you dont pay an annual appointment fee. I think, for example, Assurity does that. Then there are convoluted ones like Aflac that will boot you over time but even if they keep you they will not give you trailing commissions on existing business unless you are putting a certain number of new cases on the books. And then just yesterday someone mentioned that AARP will boot you if you dont put 9 new supps (that is not much) on the books each year. Stuff like that.

Other than that, independent agents are basically "found money" for a carrier. If you do some business with them fine, if not it does not cost them anything even though the fuss about it otherwise. Actually, they usually don't have that much invested in captive agents either. Oh, oh, big start up training salary. whoo hooo. All they are doing is giving you an advance basically on the policies you are required to sell to stay with them and then they will boot you the minute you don't. And most of their training managers are just leaching off your sales because they dont know how to prospect themselves.

Note: There are some exceptions to this and I know that so we can skip that piece.

 

[agentexhorter]

And by the way, we're not all men here.

all the males here aren't men either...

 

[squeed]

OK, so then lets say you write 20 policies with a provider and you are getting renewals on those 20, but then you find someone better so you stop writing new and just maintain your 20.

If they decide to "de-appoint" you because your new fell off a cliff with them, how does that impact your legacy commissions on those 20 renewals? Or do they view those 20 legacy accounts as enough to keep you active in their system.

-S

 

[Norwayguy]

OK, so then lets say you write 20 policies with a provider and you are getting renewals on those 20, but then you find someone better so you stop writing new and just maintain your 20.

If they decide to "de-appoint" you because your new fell off a cliff with them, how does that impact your legacy commissions on those 20 renewals? Or do they view those 20 legacy accounts as enough to keep you active in their system.

-S

That will depend on your contract with the carrier...Case in point...I sold med sups back in 2000 for American progressive...moved away from the senior market (regret it somewhat now) and decided sometime in 2003-2004 that I did not want to pay the appointment fee..$30 a year the carrier will pay me renewals until they total less than $300 or $400 a year...I don't remember the only down side is they don't pay them at all until you hit the annual number...

 

[joeboy]

Please re-read my post. I said go ahead and have your fun, but do the original poster a favor and answer the question being asked. There's nothing wrong with my sense of humor, and I'm not easily offended - at least not by dirty language or crass humor. It was only my sense of justice that was offended.


Oh, on the contrary. I may grow a pecker if I spend too much time on this forum.

Homegirl, you gotta admit this blog is addictive?

 

[MattLVS]

Most carriers do not specify a quota, but will eventually terminate your appointment with them due to lack of production. Most carriers and general agencies will reduce your compensation (first year commission) with them due to lack of production as well.