Liberty Bankers Life
- Thread starter philly012
- Start date
- 309
As Ben stated its a red flag... the reason why he reacted that way is because of many times it backfiring... i remember when some companies would advance you on controlled business... agents would write an app on themselves just to pay for their leads... it can turn into a desperate move... if an agent wants to truly do whats in the best interest of their family members the commissions should be the last question they have on protecting those families.
anyone who has an agency can relate to this topic...
Definitely is normally a red flag on our end as well. It's as Ben says. If the agent asks this question it is normally because they need money and they need it, like yesterday. Another point is who's the easiest person to tell. "Hey, I'm going to write a policy on you for X amount. You'll pay the premium, I'll slide you a little extra and it will help me pay off my college loan!" - family and friends.
It's probably one of the biggest red flags other than. I have a vector, 4 DUIs, and can you put me on select pay?
I feel just as strongly as Ben does on this topic. Agents should write their families best on the help they can provide. Not the commission.
It's probably one of the biggest red flags other than. I have a vector, 4 DUIs, and can you put me on select pay?
I feel just as strongly as Ben does on this topic. Agents should write their families best on the help they can provide. Not the commission.
When they receive in excess of 100% commission why would they not pay the entire premium for 12 months if necessary?
- 6,027
When they receive in excess of 100% commission why would they not pay the entire premium for 12 months if necessary?
A better return on their money than they can get elsewhere eh . . .
Exactly... First year persistency 100%.. 2nd year down the tubes.. Think that is why a couple of companies are now paying 80% first year and 40%-48% second year to GAs
- 1,410
I've never understood people that can't afford leads... put it on a credit card... you aren't billed for 30 days which gives you enough time to make your money back plus some...
Basically the same thing as "lead financing". O_O
Basically the same thing as "lead financing". O_O
- 6,027
I'd take that deal - "80% first year and 40%-48% second year to GAs" - if the 3 - 10 were a little stronger . . .
- 4,875
When they receive in excess of 100% commission why would they not pay the entire premium for 12 months if necessary?
Duh, maybe the agent just can't afford to pay the 12 months premium all at once. Isn't that why they're running this scam with their family members to start with?
- 4,875
I agree 100%.
