Lincoln Heritage Question

[FEX Quotes]

I can't speak for their comp, training or leads but I can tell you that their rates are so damned amazing that my rating software couldn't handle it. In fact, I had to remove them from my quote engine as they kept breaking the system with such lowball rates.

Again, I sincerely apologize to all agents for the removal of the LH rates but it just wasn't fair to the others.

You can always still use this work around for LH -- Simply take the RNA rates and multiply by 1.789 then add $9.11 for males and $7.54 for females.

 

[jdeasy]

I pay for the leads. Not subsidized.

If you are getting your leads from LH they are subsidized.

 

[rousemark]

Spoke with an agent that just left AGLA to go with LH. This was her second week. Says she is receiving 90% first year, 75% advance; paying $25 - $35 for leads based on if the lead is generated on TV or by direct mail. Far better deal than what is being offered to OP.

Talked a little bit about their rates, other companies, etc. but it is evident she has drank the Kool-Aid.

 

[Todd King]

I can't speak for their comp, training or leads but I can tell you that their rates are so damned amazing that my rating software couldn't handle it. In fact, I had to remove them from my quote engine as they kept breaking the system with such lowball rates.

Again, I sincerely apologize to all agents for the removal of the LH rates but it just wasn't fair to the others.

You can always still use this work around for LH -- Simply take the RNA rates and multiply by 1.789 then add $9.11 for males and $7.54 for females.

I'm wondering how CSG Actuarial is able to have LH on their quoting system still.

 

[jdeasy]

I'm wondering how CSG Actuarial is able to have LH on their quoting system still.

FexQuotes could still have them if he wanted. LH asked him to take them down and he agreed rather than to fight with them.

 

[Todd King]

Yeah, I know. I was just wondering (not that I'll ever know the answer) if CSG had to make some kind of deal with them to keep them on there.

 

[TwiLight]

I'm wondering how CSG Actuarial is able to have LH on their quoting system still.

CSG still carriers LH quotes.

You can check them with the demo site: http://www.csgactuarial.com/demo/

 

[Todd King]

CSG still carriers LH quotes.

You can check them with the demo site: Live Demo — CSG Actuarial

I know they do. I had asked "how" they had them on there, not "if".

 

[FE4U]

Is there any plus side to contracting with Lincoln heritage as a captive agent? I'm new to FE but not the insurance business. I have been approached with 60% contract . 40% for modified policies. Is this anywhere close to industry standard? Plus leads at $30+. Thanks. Great forums!! Learned a lot here.

From reading other posts on here I would not suggest LH. Use the search function and read what people who have had experience with them have to say and then decide for yourself.

 

[VolAgent]

Spoke with an agent that just left AGLA to go with LH. This was her second week. Says she is receiving 90% first year, 75% advance; paying $25 - $35 for leads based on if the lead is generated on TV or by direct mail. Far better deal than what is being offered to OP.

Talked a little bit about their rates, other companies, etc. but it is evident she has drank the Kool-Aid.

I believe it is roughly $450 per thousand mailers now? At $25 a lead, at 18 leads they are no longer subsidized, at $35 a lead it takes 13 leads to no longer be subsidized. Also, when you consider the commission rate, I'd hardly call these leads subsidized. That better be some darn good training since it seems normal starting is around what, 110%?