Humana Advance for Florida Agents!

Jul 23, 2008

  1. InsuranceBenefitsGroup
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    InsuranceBenefitsGroup Guru

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    We have Humana advance contracts available to qualifying agents.

    For more info 239-699-1543 or 800-667-4128.

    Health Insurance Professionals is a Fort Myers based health and life agency. We conduct business throughout greater Florida, Ohio, Indiana, and Oklahoma.


    Sincerely,

    Mike
     
    Last edited: Aug 16, 2008
  2. thereaper
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    thereaper Super Genius

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    That's strange I just discussed advances with Humana yesterday with our rep that handles N.W. Florida he said there wasn't any advances on individual products.
     
  3. moonlightandmargaritas
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    moonlightandmargaritas Guru

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    Can't imagine anyone giving up a minimum 25% of the comp to get an eight-month advance?

    Say you write 50 HumanaOne cases a year at an average $3,300 annual premium ($275/month).

    You just gave up $8,250 of compensation for the year!

    Cheaper to go to the bank, or use your credit cards for chissakes...
     
  4. InsuranceBenefitsGroup
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    Feel free to contact me.


    Best,

    Mike
     
    Last edited: Aug 4, 2008
  5. InsuranceBenefitsGroup
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    Feel free to contact me.
     
    Last edited: Aug 4, 2008
  6. moonlightandmargaritas
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    moonlightandmargaritas Guru

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    Bad example, Jack.

    Anybody with the wherewithal to write 50 apps a month with H1 is surely well-financed enough not to need your 8 month advance...at a cost of 25% of the compensation.

    Try again?
     
  7. InsuranceBenefitsGroup
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    Fyi, a very large midwest (think Peyton Manning) carrier with a VERY LARGE presence in FL just pushed thru some hefty rate increases on several blocks of business.
     
    Last edited: Aug 4, 2008
  8. TXINSURANCE
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    TXINSURANCE Guru

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    Not to defend anyone but the person advancing caries the risk as well. In most cases when the sub agent defaults the big carrier goes up the food chain for the money.

    Something to think about.
     
  9. moonlightandmargaritas
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    moonlightandmargaritas Guru

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    It's not that I approve...or disapprove.

    Pointing out that it is just one way to finance your business, and an expensive one at that!
     
  10. Expat
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    Expat Guru

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    That is exactly right. In those cases crap runs uphill.
    This is why I will never take another override. There is no way that you can know how soon an agent who has moved on, will roll his business.
    Good money in the short term but long term you will get bitten in the arse.
     
    Expat, Jul 24, 2008
    #10
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