IUL over rides

Aug 17, 2018

  1. Golfnut2112
    Offline

    Golfnut2112 Guru

    Posts:
    409
    Likes Received:
    80
    State:
    West Virginia
    Thanks, that makes me feel a little better lol
     
  2. scagnt83
    Offline

    scagnt83 Worldwide Expert of Everything

    Posts:
    7,102
    Likes Received:
    635
    State:
    South Carolina
    I was merely just using an example that was already given in this thread. It varies greatly from carrier to carrier. Very few solid iul carriers pay 140... If any. I think the most Lincoln goes up to is 120. And that doesn't mean all have that level.
     
  3. Sean OHara
    Offline

    Sean OHara New Member

    Posts:
    13
    Likes Received:
    0
    State:
    California
    Lol I applied 6 months ago and now they call me every month for recruitment
     
  4. DigitalBGA.com
    Offline

    DigitalBGA.com Expert

    Posts:
    60
    Likes Received:
    49
    State:
    Texas
  5. Sean OHara
    Offline

    Sean OHara New Member

    Posts:
    13
    Likes Received:
    0
    State:
    California
    I'm not an expert in FE but how does a company likek FFL pay out 140% without building a massive debt to their agents? Do they charge fees on the back side of the policy to their policyholders?
     
  6. FinalExpenseDojo.com
    Offline

    FinalExpenseDojo.com Guru

    Posts:
    1,418
    Likes Received:
    604
    State:
    California
    The 140% is with Americo HMS 125 or 150. It's a simplified issue term product with Accidental built in. You can run sample quotes here: Mobile

    One of their Vice Presidents told me their highest comp with FE is Americo Eagle at 125%. Not sure if that is still accurate so someone who's with the company feel free to chime in.
     
  7. DigitalBGA.com
    Offline

    DigitalBGA.com Expert

    Posts:
    60
    Likes Received:
    49
    State:
    Texas
    There's probably a dozen people in that hierarchy that are responsible for downline agent chargebacks before it rolls up to FFL.
     
  8. joe92275
    Offline

    joe92275 Super Genius

    Posts:
    170
    Likes Received:
    62
    State:
    Florida
    Yes and probably only a handful of agents in their structure that have anything close to that number. I recently got this marketing email:

    Earn 110% - 140% Starting Compensation!


    Want to earn up to 140% and pay no fees with the industries best training? Join Family First Life NW. We are a Nationwide IMO looking for motivated agents who want to succeed in independent life and annuity sales. Want to learn more?
     
  9. jdumond
    Offline

    jdumond New Member

    Posts:
    14
    Likes Received:
    3
    I think a lot of it depends on how many resources of the IMO/FMO you are utilizing. How time much they need to spend with you. If you are a self-service advisor, who needs little to no marketing support, 100-110 are not out of the question even with great carriers.
     
    jdumond, Apr 24, 2019
    #19
  10. jdumond
    Offline

    jdumond New Member

    Posts:
    14
    Likes Received:
    3

    Don't you wanna get your red jacket?!?!?!?!?!?!? sigh..... FFL.PNG
     
    jdumond, Apr 24, 2019
    #20