Getting Paid
- Thread starter HtomM
- Start date
- 19,673
Some companies pay as soon as the policy is issued. Some don't pay until they receive the first premium payment.
I wrote some policies Tues of this week that are isued today. I will be paid tomorrow on some and paid on some of the others after the 3rd of next month when they client makes their first payment.
Good street level commission is around 110% on most FE products. Anything less than that you are paying for training and/or support. Only you can dtermine that value.
When I filled out the contracts with Scott I chose weekly pay rather than daily. Do most agents chose daily instead. Also, I noticed a few posts from you today and that surprised me because I know you said Tues. and Thur. are your days out in the field. Do you have time to check the forum between your appts. Just wondering.
Uploaded two apps to SNL Monday morning. Had omissions on both (looks like I could submit a clean app after being in the business for 42 years).. They called me on the phone Monday afternoon.. uploaded additional info needed. Policies issued Tuesday; commissions processed and deposited. Available on Wednesday. Tip of the Hat to them 
Everyone I have dealt with there is top notch..
Everyone I have dealt with there is top notch..- 19,673
Some companies pay weekly, some pay daily. I didn't know there was a choice.
As for checking the forum, no, when I'm in the field I don't get on this forum or any others.
I was a couple grand over my weekly goal after Tues this week so I'm not in the field today. I waited for the mail to come today because I was expecting a policy to come that I need to deliever. I was going to do some doorknocking in that area of people that I haven't been able to contact by phone. But the policy didn't come so I'm not going anywhere.
That's the nice thing about being independent. You are in charge of your schedule. Travis has always been big on relaxing after you hit your goals. I haven't done that much in the past. Now I am.
- 330
my agency has a three tier system. Base pay not a draw or subsidy. Commission and a bonus plus med. Benefits and the agency pay 70 % of the cost. The three tier starts at 500 a week 1500.00 monthly premium the 2ns tier is 750.00 a week and 2200 monthly premium the third is 1100.00 a week.and you need 3100 monthly prem . The owner has 4 agency's with 75 people. I run the Final expense agency. The other are cooperate funding. Stocks and investments back with stock holders and attorneys. He has a lead companie and sends out 2500 final exp. leads a month at no cost it the agent. The comm. and bonus pay are amazing. You are a w- 2 employee with 5 final exp. companies and two office ladies who submit all the apps. It's great and I have 6 agents doing will good and the managers pay is salaried high 3 figures.
High 3 figures? Wow! $998.00 would that be per year, month, week?
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- 330
Sorry. 6 figures. My base is 120,000.00 plus over rides and bonus total gross is 150,000.00 so far this year
- 11,280
My base is 100k, zero overrides, and about 1 billion in bonuses...
- 781
You should write a book "How to make a billion in bonus without recruiting"
