non smokers at age 65 are competitive but not cheapest on both male and female. Smokers certainly aren't their price niche.. They are on the high side for them.
Foresters Final Expense Product
- Thread starter Funguy
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non smokers at age 65 are competitive but not cheapest on both male and female. Smokers certainly aren't their price niche.. They are on the high side for them.
- 5,309
YUP!
SOMEONE is getting that policy fee...it's just not YOU
You're getting it in the form of a lead bonus.
- 5,309
I'm merely positing that SNL's lead co-op program is funded due in part by not allowing policy fees to be commissionable.
Six of one, half a dozen of the other.
- 19,667
Why can't they pay on the policy fee and have a lead bonus? Other companies do.
- 5,309
Who else bonuses 10% in lead money at $1000 in issue-paid business?
Most carriers need significantly more production.
- 19,667
I don't know on that. I said other companies are able to have a lead bonus and pay on the policy fee. And they also don't cut commissions at age 70.
Personally I'm not a fan of lead bonuses. Especially when they 1099 them. Just pay more commission.
- 17,077
I've always looked at SNL's lead bonus as being a forced savings account which some agents need. They are just taking your own 10% (which they cut for ages 70 and above) and the policy fee on all ages and giving it right back to you in the form a lead credit. Then they require that you match the bonus 50% so you buy more leads.
That shows me that they do know the FE market because many agents can sell but they can't budget their own lead money.
Smart company.
That shows me that they do know the FE market because many agents can sell but they can't budget their own lead money.
Smart company.
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