High Commission Contracts

[MadyMu]

if you are serious you will find some info on this site. a company we have been working for offers above level contracts for all producers, office support and marketing support. they start you off good so you produce more and dont have a period where you suffer. they just started offering 50% bonus check for all annuities we referred to them..that was nice.

pm me and i will pass it on to you good luck

Can't PM yet. please send me the info.
thanks
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it's good you are trying to concentrate on life, cuz you won't get 100 or near on health.

what is considered high for health?

 

[pomfin]

My first priority for the contract is the market and lead. If I do not have good lead system, even though I got 100% contract, I still make no money. 80% contract with leads is better than 100% with no leads. The high contract is good only if you have good lead system to take advantage of the high contract.

 

[DavidD1]

Can't PM yet. please send me the info.
thanks
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what is considered high for health?

send me your tel and email and either Stefanie or I can pass on the info or just send it to [email protected]

 

[atlantainsguy]

What segment of the life market are you planning on working -- senior FE, middle-income (which is typically mortgage protection, but hopefully not package product), asset repositioning, group, or something else?

A number of FMOs offer !00%-115% "street level" on most life, but there may be a production requirement.

Someone mentioned trading leads for lower comp. Don't go too low. If you buy your own leads, it will run you about 15% of total AP. Why sacrifice 30% when you can do the same thing yourself for 15%?

I know a number of FMOs in L&H who offer higher comp without leads -- somewhat lower with leads. They are fair and keep their word.

Let me know if I can help.

atlantainsguy

 

[pomfin]

What segment of the life market are you planning on working -- senior FE, middle-income (which is typically mortgage protection, but hopefully not package product), asset repositioning, group, or something else?

A number of FMOs offer !00%-115% "street level" on most life, but there may be a production requirement.

Someone mentioned trading leads for lower comp. Don't go too low. If you buy your own leads, it will run you about 15% of total AP. Why sacrifice 30% when you can do the same thing yourself for 15%?

I know a number of FMOs in L&H who offer higher comp without leads -- somewhat lower with leads. They are fair and keep their word.

Let me know if I can help.

atlantainsguy

I would be glad to give experienced agent high contract without lead. I don't think 30% over-ride for the leads are a great investment for the agency, especially in the FE market. As a matter of fact, if the closing rate is low, say 15%, I might loss money due to high lead cost.
Just give you an example, I give one agent with 60% contract with leads and another 90% without leads. assume the same 15% closing ratio, the difference between 60% and 90% is only less than 3000 dollars per month but the lead cost is 3600 dollars assuming 10K mail drop. My lead cost to the AP for the 60% contract would be over 40% in this scenario and if the average premium drop to 550, I would get negative ROI of 7% for the agency with MGA contract. I would love to take 60% contract with leads if my closing rate is low compared with 90% without leads if I am an fresh new agent. My agency ROI is much clean and better if I offer high contract to agents without leads than offer lower contract with leads. So I only provide leads as the incentive to the new agents who cannot afford the lead cost at the beginning. I prefer agents to buy their own leads and transfer the risk/reward from agency to the agents.
Just my opinions.

 

[pomfin]

I can get you 100% contract WITH leads, training, and marketing reimbursement. Email me for details and I will send you a link to my website.

Austin Powell
Powell Insurance Group, LLC.
256-613-1906
[email protected]

If you have a website for your agency, I thought I should be able to search the web and find your "Powell Insurance Group, LLC" as keyword. Unfortunately I could not find anything through google and yahoo.

 

[padthaiforlunch]

what is considered high for health?

25% for individual and family. That is direct from the carrier and requires production. Otherwise you're looking at 15% - 20% fyc.