Does MassMutual Have a Good Broker's Contract?

[padthaiforlunch]

So, who is giving out these contracts above street for Mass?

My money says if Crump did, they don't anymore since Mass went to territories.

Or are you just spouting crap?

To get a broker contract you need to be a broker (Duh).....its volume that counts....if you go to Mass and say...Hey mass i just got my licence I want a brokers contract...they will give it to you but at 55%. If you are Crump and say I want a brokers contract you will get 135%. Pretty simple. We pay more then 55% on mass to our smallest producers....but you do not get an allowance....that's the diference of being an independent agent or a captive agent.

 

[LIFL]

I have a interview with MassMutual this Thursday, I am really wanting a broker contract only. If they do offer one, does anyone know there conditions, and commission rates.

Thank you in advance,
Jman718

Any updates on MassMutual Broker contracts? Possible to get contracted for their 6.2% dividend paying Whole Life insurance product ($2.5 Billion Dividend payout for 2025).

 

[Tahoe Ray]

Any updates on MassMutual Broker contracts? Possible to get contracted for their 6.2% dividend paying Whole Life insurance product ($2.5 Billion Dividend payout for 2025).

They have a great broker contract for upfront comp from most BGAs.

Their backend/bonus contracts are great if you contract directly through their brokerage managers.

The 6.2% number is nice but meaningless overall. It's a solid product but I wouldn't sell it on that alone.

 

[DHK]

I really appreciate Brandon Roberts and Brantley Whitley's report from a few years ago: "What you need to know about whole life insurance dividends: why the dividend rate is only part of the story."

A dividend is a divisible surplus of gains declared by the board of directors after general investment account returns, mortality experience, new sales, and operational costs... represented as a %.

It is NOT an interest rate.