Final Expense Telesales Company

[insuragent]

LH generates the TV commercials. Ron, what part of Ga. are you from?
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The only problem is that you have to do a 3 way call with the underwriting dept. that closes at 5pm. After 5pm you are SOL. We use a digital recorder so the agent can sell after 5pm and on Sat. if desired. Helps the agent make more $$$.

You'll also see in a few months from now that the persistency on debit/credit/prepaid card is terrible. We used those forms of payment a few years ago. Still, as earned on these is better than nothing, even if they stay on the books less than 6 months.

They do not close at 5 pm they close at 9PM AND if you position it correctly the 3 way call is not an issue.

AND you get either approved or disapproved INSTANTLY thus you get paid in 3 days regardless of draft date!

My guy friend said that he sent apps in to LH and it would take a week before the draft date to find out if it passed underwriting and get paid on the business. IF your write 30 days out to accommodate a social security check thats a long time when you are still having to pay for leads. He said even the ASAP's would take longer then what was comfortable for him when he was dishing out lead money (per him and her 15 days waiting for a ASAP to get paid on). And less we forget the 45% commissions since it's all in the down line and LH puts some back for that fabulous pay through too.

Also the debit card would be the same as the checking account as it is the SAME account. Credit card would be different. Bottom line to that, if someone is going to cancel and not pay, they will cancel and not pay regardless of how they make an initial payment. Also with the credit card, it is only for the initial payment not on going. AND LH does use credit cards in the field! I have 2 friends that did telesales and 1 acquaintance that did LH in the field. All 3 have left for greener pastures, hence MORE $$$$ one is captive, one is work in a credit union getting a base plus commissions and one is doing telesales and not using LH and doing just find and dandy.

OMG, get over yourself.

Now the reason I asked is because about the Final Expense Telesales Company was because I have another insurance friend who wants to use them. I put her in touch with my other friend who does it on his own as well that way she can get both sides and make a decision.

I did not ask about LH, YOU volunteered the info and came trolling for agents then proceed to insult because I'm not at my PC waiting holding my breath for each and every post to come in and respond to.

So As far as I'm concerned I'm done with this topic, post on, post on.

 

[theinsuranceman]

They do not close at 5 pm they close at 9PM AND if you position it correctly the 3 way call is not an issue.

AND you get either approved or disapproved INSTANTLY thus you get paid in 3 days regardless of draft date!

My guy friend said that he sent apps in to LH and it would take a week before the draft date to find out if it passed underwriting and get paid on the business. IF your write 30 days out to accommodate a social security check thats a long time when you are still having to pay for leads. He said even the ASAP's would take longer then what was comfortable for him when he was dishing out lead money (per him and her 15 days waiting for a ASAP to get paid on). And less we forget the 45% commissions since it's all in the down line and LH puts some back for that fabulous pay through too.

Also the debit card would be the same as the checking account as it is the SAME account. Credit card would be different. Bottom line to that, if someone is going to cancel and not pay, they will cancel and not pay regardless of how they make an initial payment. Also with the credit card, it is only for the initial payment not on going. AND LH does use credit cards in the field! I have 2 friends that did telesales and 1 acquaintance that did LH in the field. All 3 have left for greener pastures, hence MORE $$$$ one is captive, one is work in a credit union getting a base plus commissions and one is doing telesales and not using LH and doing just find and dandy.

OMG, get over yourself.

Now the reason I asked is because about the Final Expense Telesales Company was because I have another insurance friend who wants to use them. I put her in touch with my other friend who does it on his own as well that way she can get both sides and make a decision.

I did not ask about LH, YOU volunteered the info and came trolling for agents then proceed to insult because I'm not at my PC waiting holding my breath for each and every post to come in and respond to.

So As far as I'm concerned I'm done with this topic, post on, post on.

YES SIR! By the way the comm. is not 45% for my group. 45% is a rip off for any agent even with free fresh leads. Since you and your friends are happy with your program why were you looking for another opportunity for your other friend? Also, it's great that you can get advanced before the draft clears with your set up. But this is just a recipe for huge debit balances for the manager to eat when the new agent quits because the agent now has to write extra business to cover charge backs before they can even make advanced comm. And the leads are sent to the agent on credit and the lead charge is deducted from advance comm. 3 weeks down the road. Helps a new agent get started the right way.

 

[magagent]

I was reading this interesting thread and I thought of an older gentleman I met a few years ago. He was a semi-captive agent he had worked with the same agency for over twenty years now and once we started talking I found he was still on a 40% contract.

I could tell he was very successful and asked him why was he still working on that low of a contract? He had made over 200K for the last 15 years, I said you could get your own contracts at 100% and make 500K a year why don't you? His response my company sends me on at least 25 qualified appointments a week and I never have to worry about buying leads again.

So, for some guys with the right set up a lower contract works just fine.

 

[theinsuranceman]

I was reading this interesting thread and I thought of an older gentleman I met a few years ago. He was a semi-captive agent he had worked with the same agency for over twenty years now and once we started talking I found he was still on a 40% contract.

I could tell he was very successful and asked him why was he still working on that low of a contract? He had made over 200K for the last 15 years, I said you could get your own contracts at 100% and make 500K a year why don't you? His response my company sends me on at least 25 qualified appointments a week and I never have to worry about buying leads again.

So, for some guys with the right set up a lower contract works just fine.

As you already know success does not depend on your comm.%, it depends on having PLENTY of qualified prospects to see EVERY week. Spend your time on selling and closing rather than prospecting.

 

[insuragent]

OMG, 70% contract is what is offered, less 25% hold for the glorious pay thru, what is that 45%. Math 101. Then you have to buy leads so really less then 45%. Give me a break. When you have reached the paid business you move up 5% to the next level and so on. Geez!

I am not writing insurance full time, I build websites and do SEO for people and do insurance on a as asked basis. I have 2 insurance websites that I get paid to run via commissions for the leads that agents buy from major internet lead companies. As that is more of my calling webmaster, site builder and getting paid to sell leads.

As I stated, and you have an issue with following statements, A friend was looking for something specific to suite her needs she asked me about a company I have no clue about that company I asked the questions here, no answers, put her in touch with another friend who is non captive, buys his leads and has several companies he writes for, she is deciding her options. Enough said.

O and when you are writing your own business at 110% or 125%, your charge backs come from you not your up line as they is little to no up line. IF you run your business smart then you have funds saved to deal with your charge backs, say a fund that's $1,500 and you replace it as needed. My man lets any charge backs come out of his renewals as well as keeping his fund. And his charge back are for what had not been earned as some companies will charge you the entire up front. He has a small group of agents that write around the country and he offers them 90-95% contracts. I don't troll for him.

Yep, that wasn't hard to figurer out, DIY, save and make more money. Do you need a LH and a upline 4-5-6 people deep, not vested for leads YOU pay for?

Now, get back to trolling for unsuspecting agents and offering contracts below par dear boy.

 

[theinsuranceman]

OMG, 70% contract is what is offered, less 25% hold for the glorious pay thru, what is that 45%. Math 101. Then you have to buy leads so really less then 45%. Give me a break. When you have reached the paid business you move up 5% to the next level and so on. Geez!

I am not writing insurance full time, I build websites and do SEO for people and do insurance on a as asked basis. I have 2 insurance websites that I get paid to run via commissions for the leads that agents buy from major internet lead companies. As that is more of my calling webmaster, site builder and getting paid to sell leads.

As I stated, and you have an issue with following statements, A friend was looking for something specific to suite her needs she asked me about a company I have no clue about that company I asked the questions here, no answers, put her in touch with another friend who is non captive, buys his leads and has several companies he writes for, she is deciding her options. Enough said.

O and when you are writing your own business at 110% or 125%, your charge backs come from you not your up line as they is little to no up line. IF you run your business smart then you have funds saved to deal with your charge backs, say a fund that's $1,500 and you replace it as needed. My man lets any charge backs come out of his renewals as well as keeping his fund. And his charge back are for what had not been earned as some companies will charge you the entire up front. He has a small group of agents that write around the country and he offers them 90-95% contracts. I don't troll for him.

Yep, that wasn't hard to figurer out, DIY, save and make more money. Do you need a LH and a upline 4-5-6 people deep, not vested for leads YOU pay for?

Now, get back to trolling for unsuspecting agents and offering contracts below par dear boy.

LOL, you should stick with building websites. The 25% hold you refer to is the norm in the FE industry(this is what's called a 75% advance). I believe all successful agents buy leads..FE, health, annuity, LTC, etc. True, at 120% contract YOUR personal charge backs come from YOU (also true if you only had a 10% contract instead of 120%). But your sub-agents' charge backs will come from you also if they quit with a debit balance that does not clear iself out (even with that 120% contract). You did know commissions and advances were 2 DIFFERENT entities..right? Sounds like you have never recruited agents before with your IGNORANT comments (LOL). When charge backs occur you are ONLY charged back the unearned comm. (just like your friend that you mention). Why don't you have your friend who is "looking for an opportunity" contact "your friend who has agents around the country"?

With your POOR grammar and POOR spelling you sure seem like someone the people on this forum would hire to create their website, much less any SEO optimizaion. (LOL) Let's see...how much EXPERIENCE do you bring to the table in the Final Expense business? How many years? How's your production looking? And how many agents have you ever recruited and trained? Do you even know the ave. response rate and costs to generate a FE direct mail lead?

You should keep quiet, ask questions, and learn when you don't know what you are talking about. It keeps you from losing whatever credibility you might have. Especially with your logic and commentary. How old are you...17? LOL!

Sorry to my fellow brother and sisters on this site if I sound a little hateful to this young man, but I believe he threw the 1st punch with his childish verbal attack towards me. I apologize (even to the childish young man).

Oh...by the way...did you say you generate INTERNET LEADS that so many agents here complain about? You know, where the same lead is sold to several agents, or with offering a free Ipod to people who fill in a request for a rate quote, etc., etc., etc.

You gave me a good laugh for today..thanks!

 

[ronmelton3]

LH generates the TV commercials. Ron, what part of Ga. are you from?

I'm from North Gwinnett Co. NorthEast of Atlanta.

 

[insuragent]

AND you need to stick with LH, it is NOT the norm in FE it is company based. I've been in the biz over 10 years before I started with websites and leads for major lead providers. Less BS less people like you.

I believe you said you have ONLY been with them? 7 field, 3 telesales?

So build your down line, get commissions off the poor agents and hood wink them into thinking it is the norm. I know better.

And again, thanks for TROLLING this post and getting it off topic.

Ronmelton3, avoid him and LH. You won't be happy. There is a person here who will give you the skinny on which way to go since you seem to be searching. Your Insurance Office. Do a search for his posts. He's honest won't try and recruit you won't make you join his down line and he's a phone call away. And he has an excellent contact management system which.

Yes you can sell that over the phone also.

Grow up theinsuranceman grow up. Stop trolling and get a life.

Peace out

 

[theinsuranceman]

AND you need to stick with LH, it is NOT the norm in FE it is company based. I've been in the biz over 10 years before I started with websites and leads for major lead providers. Less BS less people like you.

I believe you said you have ONLY been with them? 7 field, 3 telesales?

So build your down line, get commissions off the poor agents and hood wink them into thinking it is the norm. I know better.

And again, thanks for TROLLING this post and getting it off topic.

Ronmelton3, avoid him and LH. You won't be happy. There is a person here who will give you the skinny on which way to go since you seem to be searching. Your Insurance Office. Do a search for his posts. He's honest won't try and recruit you won't make you join his down line and he's a phone call away. And he has an excellent contact management system which.

Yes you can sell that over the phone also.

Grow up theinsuranceman grow up. Stop trolling and get a life.

Peace out

LOL! You are amazing!

 

[WinoBlues]

AND you get either approved or disapproved INSTANTLY thus you get paid in 3 days regardless of draft date!

My guy friend said that he sent apps in to LH and it would take a week before the draft date to find out if it passed underwriting and get paid on the business. IF your write 30 days out to accommodate a social security check thats a long time when you are still having to pay for leads. He said even the ASAP's would take longer then what was comfortable for him when he was dishing out lead money (per him and her 15 days waiting for a ASAP to get paid on).

PMFBI
Why would anyone want to be paid before issue paid. Arn't you setting yourself up for multiple charge backs?

On waiting for underwritting or draft dates. Wouldn't that only be a problem the first month or two you are in business? Maybe a little longer if you buy leads. If you have a full pending/pipeline you do not have to chase the check. It just comes. This all assumes that you are full time and not part time.

Lee