FE without SSN

[shonceman]

Since I'm in the DFW myself, I may just stop by their office.

You should still call them first, just to make sure either Jim or Rick will be there. Rick spends most of his time on the road. Jim is usually there, but often not. It's a fairly small home office staff. Mostly customer service, accountants, etc.

 

[rmhaire]

Have you even watched the video?!? It's literally dark clouds and storms.

That's just Hollywood. You'll actually see and hear that shit when you ask for a release.

 

[theinsuranceman]

That's just Hollywood. You'll actually see and hear that shit when you ask for a release.

Anyone can get released from SL at anytime since SL is a carrier and not an agency.

 

[theinsuranceman]

His commission level could be the same as mine, but never higher. With this structure a good producing agent/mgr can not be held back by their upline. What's good is that you only have to qualify one time for your increase in commission to be locked in, not qualify every month.

 

[theinsuranceman]

I'll like to know the answer to this question too since another angent I know mentioned that there are no releases and he had to stop writing for 6 months because he had to get re-contracted just to change upline.

That's true for other FE agencies out there since they all represent basically the same carriers. Sr Life is the carrier, not an agency. A Sr Life agent can go work with other carriers and doesn't need any 6 month release. In fact an agent can write for Sr Life as well as other carriers at the same time.

 

[isaias]

You should still call them first

That goes without saying

 

[isaias]

Sr Life is the carrier

Other carriers that I dealt with in the past didn't require re-contracting. All I had to do was submitt a written request to change my upline structure and was moved over.

Of course, it was awhile back and it wasn't FE either. That may be the difference.

 

[myinsurebiz]

Anyone can get released from SL at anytime since SL is a carrier and not an agency.

SL has a terrible Agent Contract. Full of legalese preventing competing and soliciting your own book of business.

Also - if you are inactive for a short period of time, I think 90 days, you get the boot and get termed.

Peeps need to read that contract with a magnifying glass.

 

[rmhaire]

SL has a terrible Agent Contract. Full of legalese preventing competing and soliciting your own book of business.

Also - if you are inactive for a short period of time, I think 90 days, you get the boot and get termed.

Peeps need to read that contract with a magnifying glass.

Why bother. $100,000 a month to get 115%. We can get that with just a phone call.

 

[theinsuranceman]

SL has a terrible Agent Contract. Full of legalese preventing competing and soliciting your own book of business. That's probably to discourage rolling business from carrier to carrier? Looks like a good business move to me. Are you saying other carriers don't have similiar wording to protect their business interests?

Also - if you are inactive for a short period of time, I think 90 days, you get the boot and get termed. Used to be like that years ago. I've got agents that might write one piece of business a year, and some agents writing 6-10 pieces of business each week. If an agent gets terminated due to lack of production the manager can reactivate that agent's contract by sending an email to licensing. Easy process and that agent is usually reactivated in 2 hours or less. For me personally, if an agent gets terminated due to non-production, I'm not interested in recontracting them as they'll just repeat their lack of performance like before.

Peeps need to read that contract with a magnifying glass.

Agents should read all contracts that they sign, even pertaining to things outside of the insurance industry.