FE Sales in the Field and Tele

[SDCLife88]

Just curious, what part of Cali are u selling in?

I've been working with tons of success La, oc, ie.
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Sr life and LH sucks. plan and simple. just do a search with a bowl of popcorn and see for yourself.

I don't see how LH "sucks" I'm putting in my time and getting paid, am I missing something here?

I don't want to come off as sarcastic, but I am new to the business and LH had a good offer. Tell me why agents hate them!

 

[Agentguy5]

I've been working with tons of success La, oc, ie.
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I don't see how LH "sucks" I'm putting in my time and getting paid, am I missing something here?

I don't want to come off as sarcastic, but I am new to the business and LH had a good offer. Tell me why agents hate them!

If you put in a little time on this website doing research about LH, you will see why they are hated/frowned upon... I personally love the LH agents that work in my areas... LH is the gift that keeps on giving...

 

[SDCLife88]

If you put in a little time on this website doing research about LH, you will see why they are hated/frowned upon... I personally love the LH agents that work in my areas... LH is the gift that keeps on giving...

I appreciate the response but you couldn't just tell me why? I know the premiums aren't that low, but what am I missing?

 

[Agentguy5]

As an agent, you are not vested for years... If you leave them, or they decide to drop you before that period, you lose all of your back end money-months 10,11, and 12... and ALL your renewals... Many agents get dropped a month before vesting just because the manager gets the renewals...

They are the easiest company to replace.

When you leave them, they will send you a bill for all the money you have been advanced...

If the manager really wants to, and I say this because it is at the managers discretion, when you leave if you don't pay the moneys back that have been advanced, HE can give you a vector hit and NO insurance carrier will touch you... In other words, he can actually ruin your career... This rarely happens but it is ALWAYS your manager's choice.

 

[gordon112]

I second that, Agent guy spelled it out in plain English and is telling you the reality of there business model. It isn't exactly "agent friendly".

 

[ims01]

Part of the benefit of selling FE are the renewals. When you sell a high priced product like LH, your cases are often replaced by someone else.

 

[GMDM100k]

As an agent, you are not vested for years... If you leave them, or they decide to drop you before that period, you lose all of your back end money-months 10,11, and 12... and ALL your renewals... Many agents get dropped a month before vesting just because the manager gets the renewals...

They are the easiest company to replace.

When you leave them, they will send you a bill for all the money you have been advanced...

If the manager really wants to, and I say this because it is at the managers discretion, when you leave if you don't pay the moneys back that have been advanced, HE can give you a vector hit and NO insurance carrier will touch you... In other words, he can actually ruin your career... This rarely happens but it is ALWAYS your manager's choice.

I had no idea that you were a manager with LH and knew their vector procedure!

You are not correct... I lost six agents last year and had absolutely no say in whether they would be put on vector or not. When someone leaves with debt its the company that reports them to vector not the manager. The managers have no say. For obvious reasons. Like: the company was the one that loaned them the money not the manager. So naturally the company will try to collect.

Maybe some of the companies you work for the managers make the decision. But in the 10 years I have worked with Lincoln it has never been like that.

And its two years to be vested. I have been vested for 8 years and never worry about losing my renewals.
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Part of the benefit of selling FE are the renewals. When you sell a high priced product like LH, your cases are often replaced by someone else.

My persistency has never dropped below 80% in all my years selling a higher priced product.

And to be honest I don't really go out of my way to keep business on the books

All i do is take care of my clients and answer my phone when they call.

I had about 30 or so policies cancel on me last year. That was out of 200+

 

[jdeasy]

I had no idea that you were a manager with LH and knew their vector procedure!

You are not correct... I lost six agents last year and had absolutely no say in whether they would be put on vector or not. When someone leaves with debt its the company that reports them to vector not the manager. The managers have no say. For obvious reasons. Like: the company was the one that loaned them the money not the manager. So naturally the company will try to collect.

Maybe some of the companies you work for the managers make the decision. But in the 10 years I have worked with Lincoln it has never been like that.



And its two years to be vested. I have been vested for 8 years and never worry about losing my renewals.

You will lose your renewals if they fall below $250/mo even if you are vested.

 

[pcbinsurance]

"but I am new to the business and LH had a good offer."
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SDC Life:

Please let us know what your "good offer" was. Many people reading this might be interested in joining.

 

[GMDM100k]

You will lose your renewals if they fall below $250/mo even if you are vested.

My renewals will never fall below that amount. I send all my business to them. And its not a flat $250 across the board. That amount is set by the RD and its $150/m for my agency.