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Re: American Income Life
AIL's highest producing shop nationally is not too far from me outside of Cleveland....I know of a couple of people who had a "stint" there.
Like most life companies, they pay out total comp on each life sale of around 130-140% of annual premium, the young producing rep only receives 50%. The life policies are a whole life product and perform about as badly as I've seen......their illustrated values on these products don't even "break even" at the twenty year mark....ie the cash value isn't even equal to premiums paid, and thats what they illustrate...who knows about actual performance.
Their niche market of marketing to union employees is actually smart based upon the product. No disrespect, my father and most of my family are blue-collar workers...the company knows that the average American or slightly educated person would not buy this product...so lets sell it to the poor old chumps who don't know any better.
If you want to market to the union marketplace (I don't, but it would be a great place to begin a career) why not show them a much better product and make a higher commission. Someone needs to help the working man protect his family. Its a shame that sub-par companies like AIL are one of the few companies with a stranglehold on this market.
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Wow....johnj sounds like to typical AIL recruit! It's like their all cut from the same mold...I'm guessing he's a confident, former athlete, who was attracted to the "brotherhood" at AIL.
Johnj....trust me when I say I don't think you have a clue about the income or business IQ of "most" of the posters on this board. There is a whole other world of insurance outside of the niche you've been focusing on. Instead of selling to the "rank and file" imagine how much fun & money you would have if you only met with the owners of factories like your calling on.
AIL's highest producing shop nationally is not too far from me outside of Cleveland....I know of a couple of people who had a "stint" there.
Like most life companies, they pay out total comp on each life sale of around 130-140% of annual premium, the young producing rep only receives 50%. The life policies are a whole life product and perform about as badly as I've seen......their illustrated values on these products don't even "break even" at the twenty year mark....ie the cash value isn't even equal to premiums paid, and thats what they illustrate...who knows about actual performance.
Their niche market of marketing to union employees is actually smart based upon the product. No disrespect, my father and most of my family are blue-collar workers...the company knows that the average American or slightly educated person would not buy this product...so lets sell it to the poor old chumps who don't know any better.
If you want to market to the union marketplace (I don't, but it would be a great place to begin a career) why not show them a much better product and make a higher commission. Someone needs to help the working man protect his family. Its a shame that sub-par companies like AIL are one of the few companies with a stranglehold on this market.
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Wow....johnj sounds like to typical AIL recruit! It's like their all cut from the same mold...I'm guessing he's a confident, former athlete, who was attracted to the "brotherhood" at AIL.
Johnj....trust me when I say I don't think you have a clue about the income or business IQ of "most" of the posters on this board. There is a whole other world of insurance outside of the niche you've been focusing on. Instead of selling to the "rank and file" imagine how much fun & money you would have if you only met with the owners of factories like your calling on.
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