Feedback On Companies

Jun 29, 2007

  1. Vision
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    Vision Expert

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    I'd appreciate hearing any experience or opinions you have of the following companies. Thanks

    Golden Rule

    Aetna

    Assurant

    Celtic

    Coventry
     
    Vision, Jun 29, 2007
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  2. somarco
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    somarco GA Medicare Expert

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    Good

    Good

    Fair

    Poor

    Too early to tell (individual)
     
    somarco, Jun 29, 2007
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  3. Vision
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    What didn't you like about Assurant? They claim to have a fast processing time period.
     
    Vision, Jun 29, 2007
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  4. somarco
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    somarco GA Medicare Expert

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    Carriers can claim anything.

    They seem to be quite anal about their underwriting. A clean app can be turned around in 2 - 3 days but almost anyone will do that.

    In some areas, particularly in GA, they are not as competitive as other carriers.

    I do like their One Deductible with the 3 yr rate guarantee. Can't say much about their other plans. Mostly a "one horse" carrier.
     
    somarco, Jun 29, 2007
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  5. Vision
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    Am I wrong or is there no perfect company?

    I thought Golden Rule looked good, until I saw they are "as earned." How can anyone live on that?
     
    Vision, Jun 29, 2007
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  6. James
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    Ummmm, maybe we need a minimum wage in insurance sales? Lets call it a "Living Commission".
     
    James, Jun 29, 2007
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  7. somarco
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    somarco GA Medicare Expert

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    There are no perfect companies. You will note I did not rate anyone better than good.

    If you are rating carriers according to the way they pay commissions you will not be long in this business.

    As earned takes you a few months to ramp up but makes a man (or woman) of you. It works quite well for me and a few others on this board.

    If you want commissions quicker, sell life insurance with annual premiums. All my life sales are annual. No monthly premiums, no advance. I do have a handful of quarterly premiums but most are annual.
     
    Last edited: Jun 29, 2007
    somarco, Jun 29, 2007
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  8. Crabcake Johnny
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    Crabcake Johnny Guru

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    You can get a Golden Rule advance but have to either find a Key Broker who's willing to advance you or wait until you have 150 health policies on the books in a 12 month period of time and get your own broker contact.

    Although you can't sell just based on commissions, you also can't sell just on low commissions. I'm not sure I'd be doing that well just selling Carefirst at $17.50 per app. If some of the best carriers in your state also pay the lowest commissions I'd suggest another line of business.
     
  9. Vision
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    John who are you with?
     
    Vision, Jun 29, 2007
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  10. Expat
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    Golden Rule Contracts with Advance
    Here's an offer that doesn't come around too often-a Golden Rule contract with an advance.

    This is a limited time offer as GR limits the number of sub-brokers under a Key Broker account.

    Please email us at [email protected] for details

    This was on the forum maybe it will help
     
    Expat, Jun 29, 2007
    #10
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