Final Expense Companies With Best Commissions???

[ExProgrammer]

I asked an underwriter with Americo about vape this week and she said it was considered smoker.

 

[Cybrspidey]

I asked an underwriter with Americo about vape this week and she said it was considered smoker.

Yes, you are correct. As of now, it's considered a smoker (my mistake). However, they are looking at making it non-smoker.

 

[FinalExpenseDojo.com]

Yes, you are correct. As of now, it's considered a smoker (my mistake). However, they are looking at making it non-smoker.

For the amount of times you've helped us all with underwriting on the group chat....you're allowed to be wrong ONCE! Lol

 

[Cybrspidey]

For the amount of times you've helped us all with underwriting on the group chat....you're allowed to be wrong ONCE! Lol

Hahaha. Ah the bane of the human condition... imperfection. Embrace your imperfection so that we may rally in its glorious presentations that leads us all through one hell of a journey!

Thanks Mike

 

[Todd King]

I would say Selling FE as your base. The biggest thing you need to manage when running leads is cash flow. Unless you have quite a bit of money in the bank, most agents couldn't afford to wait a month to get paid on business (most Medicare plans take about 30 days to pay). Another fact is, due to seeing my FE clients, I don't need Medicare leads. I'm already seeing my target. With Med Supps, that's another story. Depending on income filters of your leads, you may need Med Supp leads as that target is typically seniors with a bit more cash.

I do apologize if I'm reading this wrong, but targeting Med Supps and cross-selling FE is much easier than targeting FE and cross-selling Med Supps.

And no, it doesn't take most companies 30 days to pay you on Med Supp sales.

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Yes, you are correct. As of now, it's considered a smoker (my mistake). However, they are looking at making it non-smoker.

They've been "looking" at that for a couple of years now. I wonder when they are going to stop "looking" and actually make a decision?

 

[NSRH]

Technically some FE companies can take up to 30 days to pay after the policy is written. That is if you are paid on draft, and happen not to get immediate payment.

If an agent is having a cash flow issue, they should be cautious getting into any 100% commission position, especially if it requires one to invest money into marketing expenses.

 

[FinalExpenseDojo.com]

Technically some FE companies can take up to 30 days to pay after the policy is written. That is if you are paid on draft, and happen not to get immediate payment.

If an agent is having a cash flow issue, they should be cautious getting into any 100% commission position, especially if it requires one to invest money into marketing expenses.

Great point, and I think it's crucial for new agents to be paid on issue instead of draft. That way they can get paid right away. Thankfully, there's plenty of carriers right now that'll do that!

 

[VolAgent]

Great point, and I think it's crucial for new agents to be paid on issue instead of draft. That way they can get paid right away. Thankfully, there's plenty of carriers right now that'll do that!

On one hand, I find that very poor logic. You are broke so you need to get your fix right away, versus getting paid when the company gets paid. All you are doing is digging a deeper hole for an agent in financial trouble.

On the other hand, it really doesn't matter. Even if paid on draft, it can take up to two weeks for the transaction to reversed on a bad draft. So the agent can still be digging a hole they don't know about.

 

[Matt Spamer]

Great point, and I think it's crucial for new agents to be paid on issue instead of draft. That way they can get paid right away. Thankfully, there's plenty of carriers right now that'll do that!

Can you list all the carriers that pay on issue?

 

[Newby]

On one hand, I find that very poor logic. You are broke so you need to get your fix right away, versus getting paid when the company gets paid. All you are doing is digging a deeper hole for an agent in financial trouble.

On the other hand, it really doesn't matter. Even if paid on draft, it can take up to two weeks for the transaction to reversed on a bad draft. So the agent can still be digging a hole they don't know about.

You are exactly correct. The company doesn't really know tgat the draft actually cleared when they pay. But agents who care about such stuff have a broke mentality. If they plan to live hand to mouth based on this weeks deposits very long they aren't goingvto make it.