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Ok heres the score, i typically sell 4-6 limited benefit policies per day 5 1/2 days a week in a call room setting. I front the call, pretty much sell the product and then transfer it to a licensed agent who does a brief questionairre, enrolls the client on the computer, and then finishes with a recording.
I strictly sell limited benefit / mini-med policies, but i DO NOT flip people from Major Med (if they need that or if they are pregnant i send the lead to a licensed agent). I typically work with folks who can't qualify for normal policies or who have been uninsured for 6 months or more. I swear i dont go over to the dark side of the force (so please dont flame)
My question is this, I pretty much know the entire process from front to back as far as selling the product. But the compensation if I go independent is somewhat vague to me. They pay me a set $ per closing but keep the exact #s on how much they make on a policy a top secret.
Do these types of policies pay the entire first months premium or what? I am trying to put together a business plan before i take my licensing test. The only difference between what they do and what I will do is I will add a catastrophic addon policy if possible to cover the person (any providers you would recommend would be appreciated).
So how much do limited (structured) benefit policies pay and how do they pay?
Thank you for taking the time to help a new soon to be agent who is asking these questions in good faith and who sells a product that is typically mis-sold in the cleanest way he can to those who can benefit from it.
I strictly sell limited benefit / mini-med policies, but i DO NOT flip people from Major Med (if they need that or if they are pregnant i send the lead to a licensed agent). I typically work with folks who can't qualify for normal policies or who have been uninsured for 6 months or more. I swear i dont go over to the dark side of the force (so please dont flame)
My question is this, I pretty much know the entire process from front to back as far as selling the product. But the compensation if I go independent is somewhat vague to me. They pay me a set $ per closing but keep the exact #s on how much they make on a policy a top secret.
Do these types of policies pay the entire first months premium or what? I am trying to put together a business plan before i take my licensing test. The only difference between what they do and what I will do is I will add a catastrophic addon policy if possible to cover the person (any providers you would recommend would be appreciated).
So how much do limited (structured) benefit policies pay and how do they pay?
Thank you for taking the time to help a new soon to be agent who is asking these questions in good faith and who sells a product that is typically mis-sold in the cleanest way he can to those who can benefit from it.
