"If he doesn't have the funds to make his first payment, what are the odds he keeps the policy for 12 months? This is purely conjecture but I'd say 25% chance or less."
I don't agree with that negative thinking. Most of my clients are paid once a month and they spend most of their money as soon as they get it. Most of them have to wait until their next payday to start the policy.
85% of my buyers make it one year and 75% of those buyers probably have to wait until they get paid to start their coverage. That's also why the first week of the month is the best week pay wise most of the time.
I don't agree with that negative thinking. Most of my clients are paid once a month and they spend most of their money as soon as they get it. Most of them have to wait until their next payday to start the policy.
85% of my buyers make it one year and 75% of those buyers probably have to wait until they get paid to start their coverage. That's also why the first week of the month is the best week pay wise most of the time.