Aug 17, 2018
Thanks, that makes me feel a little better lol
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.
Lol I applied 6 months ago and now they call me every month for recruitment
That is a regional recruiting offer of Family First Life. They are a legit shop, but one that does little IUL. Their focus is term and FE. They are 100% focused on team building and recruiting, so any 140% they would offer would be FE, and only assuming that recruiting entity is doing substantial production.
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?
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.
There's probably a dozen people in that hierarchy that are responsible for downline agent chargebacks before it rolls up to FFL.
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?
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.
Don't you wanna get your red jacket?!?!?!?!?!?!? sigh.....
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