Liberty Bankers Life
- Thread starter philly012
- Start date
- 6,134
If you have an agent asking that, fire them. If you're asking, get a job.
It'll be as earned with 90% of carriers.
That's the absolute worst question an agent can ask.
"Hey I'm too broke for leads, to lazy to go out and cold door knock, but I can make an easy check writing my family!"
Then once they are done writing family, they leave and the family cancels. The up line is stuck.
I would bet that over 85% of my debt roll up is from family members.
Had an agent recently write 20k his first month. All family members. Left me to go with another guy on here and he is the new hot shot there. He was bragging about him writing 20k in two weeks! It was all his family members that he rolled once again lol.
It'll be as earned with 90% of carriers.
That's the absolute worst question an agent can ask.
"Hey I'm too broke for leads, to lazy to go out and cold door knock, but I can make an easy check writing my family!"
Then once they are done writing family, they leave and the family cancels. The up line is stuck.
I would bet that over 85% of my debt roll up is from family members.
Had an agent recently write 20k his first month. All family members. Left me to go with another guy on here and he is the new hot shot there. He was bragging about him writing 20k in two weeks! It was all his family members that he rolled once again lol.
- Thread starter
- #3
Sorry you had a bad experience with family members. All my business is as earned so does matter to me who I write. I have not written a case with liberty yet but they seem to have somewhat decent rates. On a side note this agent is been with me for years and never had and issue with charge backs.
- 1,912
Controlled business is typically as earned, and should be!
- 6,027
All immediate family business is AE. Good for you to as the upline - cause they won't pay -or- worse, like Ben said - they flip the business . . .
- 30,590
I know you're talking about the life side, and LBL has a TPA for their Med Supps. I sold myself a LBL Med Supp, and I was surprized when they advanced me. I assumed it would be as earned.
Some life apps ask what relationship if any, the applicant is to you, the agent.
If you read your contract, it tells you what you want to know: "Policies written on immediate family members or other agents will be paid AS EARNED."
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BIG one
Expert
- 39
Dang bbowman23, you must not think to much of your agents families..lmao.
- 6,134
Nothing to do with their families. If an agent is working leads and producing consistently, then writing family members is not a problem.
If you hire an agent with the last name Boman and you see 5 pending apps and all of their last names is Boman, get ready to pay a huge chunk of money.
Also, if they are truly trying to protect their family, they shouldn't care if they get it as earned instead of advanced.
I have been doing this a while and know the red flags. You sign up with me and write 4-5k per week and after a little while, you write a family member, who cares?
But agents want to write family members when starting off just to get money to spend. That's a short term solution to a long term problem.
Worst questions an up line can hear...
*brand new agent not on leads and hasn't produced anything*
"If I write my wife, mom, dad, grandpa...will I get paid the full advance?"
"Hey what is the max amount I can be advanced on this first policy I am going to write?"
If you hire an agent with the last name Boman and you see 5 pending apps and all of their last names is Boman, get ready to pay a huge chunk of money.
Also, if they are truly trying to protect their family, they shouldn't care if they get it as earned instead of advanced.
I have been doing this a while and know the red flags. You sign up with me and write 4-5k per week and after a little while, you write a family member, who cares?
But agents want to write family members when starting off just to get money to spend. That's a short term solution to a long term problem.
Worst questions an up line can hear...
*brand new agent not on leads and hasn't produced anything*
"If I write my wife, mom, dad, grandpa...will I get paid the full advance?"
"Hey what is the max amount I can be advanced on this first policy I am going to write?"
Even though companies offer it, I was also always leery of agents that insisted on more than 50% advance.
- 3,247
And people ask why we don't just take any agent that comes our way! 
