Duane Freeman
Expert
- 86
Prosperity
Is FE worth it?
- Thread starter XYZ99qq
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Duane Freeman
Expert
- 86
I really loved Prosperity for telesales... Made my life easier!
You'll solve a lot of the problems that you indicated in your opening speech, by only working with clients that have checking accounts. If you focus on tele-sales, and keeping your costs to a minimum, you'll really like it.
A lot of FE agents don't make much money, because they've got bad advice on over-spending from people that benefit from the resultant sales, but don't share in the cost. It's difficult for newer agents to see that they are at a disadvantage.
A lot of FE agents don't make much money, because they've got bad advice on over-spending from people that benefit from the resultant sales, but don't share in the cost. It's difficult for newer agents to see that they are at a disadvantage.
That is quite impressive, especially considering Prosperity is not most agents' first choice and all done via tele-sales.
To me, this proves that rates matter more to the agent than it does our clients. Thanks for sharing.
Duane Freeman
Expert
- 86
It was only my first choice due to telesales. If I were doing Face to Face regularly it would have been Oxford as my go to.
Forgot to mention one advantage to high premium.. that means more commission. When some agents were complaining about SNL's rate increase a while back, my attitude was as long as they are still competitive (and they are), that just means we get paid better per sale. 
Edwardfin
Expert
- 50
Being that my grandmother held a final expense policy until she died and paid more into the policy than she got in return. Your quote saddens me it is also true.
I'll bet you know one of my good buddies as he's basically in the same boat as you (high-level producer, telesales, Prosperity as a primary)
No reason to be sad. She was one of the fortunate ones. I hope my wife and I both live long enough to have paid more into our FE policies than our family receives in payout. Unfortunately, most don't.
I think most FE clients have health issues and financial issues.
These policies help a lot of families pay for funerals and final expenses.
I wasn't always a believer in these policies either but they do help a large segment of the population.
If your grandmother would have qualified for a traditional policy, then maybe it was missold.
Otherwise, insurance isn't meant to be profitable to the beneficiary. It covers a loss.
I don't get mad every year paying my car insurance because I didn't total it...and if you own a car in some high insurance cost states you can pay close to the value of your car (assuming full coverage) over time.
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