Lincoln Heritage

[Newby]

I'm really not interested in becoming someone whose whole life is about getting one more application before the sun sets. At the same time I'm not a lazy person either. I believe in working smart not working till I drop. Because of this and after reading all these posts (25 pages worth) I'm thinking LH maynot be the fit I once thought it was.

They are less than ideal for specific reasons:

1. Across the board much higher premiums than their competitors. It's simply harder to sell a higher priced product than a well priced one. Especially when the high priced one is not a known name to consumers and has no perceived or real advantage.

2. They will place many cases with graded coverage that other companies will rate as Prefered.

3. They pay the agents lower commissions and way lower renewals.

4. Their leads are over priced and many times picked over by managers. The company will try to get the agent to go into debt to them on the leads.

5. They do NOT vest the commissions for two years. Bad, bad, bad. All other companies vest on day one.

6. To try to get the consumer to not focus on the higher premiums, they encourage agents to pitch the free Funeral Consumer Guardian gimmick more than the insurance. The bad part is it's of little value and consumers can buy it cheaper if they even wanted it. They don't need the Lincoln policy.

7. The moneymakers at Lincoln are the managers not the agents.

This is all my opinion and open for debate.

 

[senior-advisor-indiana]

They are less than ideal for specific reasons:

1. Across the board much higher premiums than their competitors. It's simply harder to sell a higher priced product than a well priced one. Especially when the high priced one is not a known name to consumers and has no perceived or real advantage.

2. They will place many cases with graded coverage that other companies will rate as Prefered.

3. They pay the agents lower commissions and way lower renewals.

4. Their leads are over priced and many times picked over by managers. The company will try to get the agent to go into debt to them on the leads.

5. They do NOT vest the commissions for two years. Bad, bad, bad. All other companies vest on day one.

6. To try to get the consumer to not focus on the higher premiums, they encourage agents to pitch the free Funeral Consumer Guardian gimmick more than the insurance. The bad part is it's of little value and consumers can buy it cheaper if they even wanted it. They don't need the Lincoln policy.

7. The moneymakers at Lincoln are the managers not the agents.

This is all my opinion and open for debate.

Where would you suggest an agent start at in the final expense business?

 

[Thad.Sipple]

Where would you suggest an agent start at in the final expense business?

Really, mister stir the pot.
I like it though.

 

[goillini52]

Really, mister stir the pot.
I like it though.

 

[Newby]

Where would you suggest an agent start at in the final expense business?

I suggest they become a veterinarian if they hate cats because they will see fewer of them.

 

[Jerard]

I suggest they become a veterinarian if they hate cats because they will see fewer of them.

True dat, they're all at the cat house.

 

[Todd King]

Where would you suggest an agent start at in the final expense business?

TR King Insurance Marketing, of course. There may be other options out there, but I don't recall hearing of any, have you?

 

[Cornelius]

Here's my take for what it's worth. I have no experience with Lincoln Heritage but make an educated decision rather than an emotional decision. You need training and guidance. No matter where you go there will be pros and cons. You just need to know the best you can what you are getting into going in.

Understand people leave and stay with companies for their own personal reasons so talk to a couple of agents who left and talk to a couple of current agents and make a decision. If you want to make the big bucks and to do it is by recruiting other agents then you know what you have to do. If you want to just be a personal producer and make the big bucks the LH May not be for you, unless you find a agent who is doing it.

In short yes there are debates on companies online but just remember. Not all things are for all people. Write out your concerns and get them addressed. LH just might be a good fit for you. Just understand as best you can your options going in and coming out.

I'm not a big fan of a certain term company but I do understand for some it may be a good place to start or the best place for them.

 

[davidbruce]

You know I've never posted on here but I have read the post and have gotten good info. from this forum. However, it seems that ever time someone post that they actually like their job and seem to be doing good with it, at whatever level or income, you guys inevitably shoot them down. been doing this for 28 years and have recruited, hired and trained more agents than you can imagine. I have always tried to encourage folks while you guys seem to want to start a pissing match with them. LH or not who cares if it is working for them. Why attack them makes no sense unless you just get off on being the BIG man throwing your weight around. Hmmmm me thinks you have issues. By the way, I joined back in 2010 under a different log in. In case someone makes a smart comment about that. Have a great day!

 

[Newby]

You know I've never posted on here but I have read the post and have gotten good info. from this forum. However, it seems that ever time someone post that they actually like their job and seem to be doing good with it, at whatever level or income, you guys inevitably shoot them down. been doing this for 28 years and have recruited, hired and trained more agents than you can imagine. I have always tried to encourage folks while you guys seem to want to start a pissing match with them. LH or not who cares if it is working for them. Why attack them makes no sense unless you just get off on being the BIG man throwing your weight around. Hmmmm me thinks you have issues. By the way, I joined back in 2010 under a different log in. In case someone makes a smart comment about that. Have a great day!

The main reason is that LH recruits heavily and leaves many new agents broke and vectored. They are better off researching prior to signing up. Prospects should be able to find info when companies do things that are not the norm and not in the agent's best interest.
There needs to be balance.