Guaranteed Issue Commissions Are Low but 40%??

Feb 21, 2016

  1. SaulGood
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    SaulGood New Member

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    Im a new agent with a NC agency. I sold a 2 year graded WL policy- guaranteed issue with no health questions. My commission was only 40% 6 month advance $500 max adv cap.
    Is this normal for this product? Thanks for the feedback.
    Saul
     
    SaulGood, Feb 21, 2016
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  2. The Gimp
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    The Gimp Guru

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    I don't know what carrier you're referring to but 40% definitely low.. We use Gerber and normally give 60% to 65%.
     
    The Gimp, Feb 21, 2016
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  3. richwarren13
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    richwarren13 Expert

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    Couple of questions before I can answer:

    Are you on a subsidized or free lead program through your upline or a completely independent agent?
    How old is the client?
     
  4. SaulGood
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    SaulGood New Member

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    Hello and thanks for your feedback. I do buy the leads and the client is 72 the carrier Is GW
     
    SaulGood, Feb 22, 2016
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  5. richwarren13
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    richwarren13 Expert

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    Yes 40% is lower than what you could get. 50-60% is usually "street level" for most guaranteed issue carriers.
     
  6. bboman23
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    bboman23 601-938-7663 - [email protected]

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    You're getting screwed plain and simple.
     
    bboman23, Feb 23, 2016
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  7. Todd King
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    Todd King IMO/FMO Owner

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    Street level is 60% with GW. Super Street is 65% with them, which is what we give to all of our direct agents.
     
  8. missingaking
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    missingaking New Member

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    Kemper gave me 60% on my GI.
     
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