Lincoln just axed one of the bigger telesales agency’s

I don't see any renewals listed…which I assume means there are none.

In the launch video they do say vested day one. I don't recall if they mentioned renewals.

I know some telesales agencies keep the renewals for the owner's yacht fund.

 
In the launch video they do say vested day one. I don't recall if they mentioned renewals.

I know some telesales agencies keep the renewals for the owner's yacht fund.


Just curious...how do these agencies that have levels like that manage them?

Meaning, are they contracting agents at one level and then just constantly moving their contracts around based on production or do they just set everyone at the base level and then pay "overrides" from their own accounts?
 
Just curious...how do these agencies that have levels like that manage them?

Meaning, are they contracting agents at one level and then just constantly moving their contracts around based on production or do they just set everyone at the base level and then pay "overrides" from their own accounts?
Depends on whether commissions are assigned. If assigned they just do as they damn well please. If the company is paying they have to be in on together to screw agents. But where there's a will there's a way.
 
Just curious...how do these agencies that have levels like that manage them?

Meaning, are they contracting agents at one level and then just constantly moving their contracts around based on production or do they just set everyone at the base level and then pay "overrides" from their own accounts?

I know that Duford's agency changes it every other week based on production during the trailing two weeks. Agents are LOA now with Duford, and so your comp is 20% but can get to 70% I believe. However, I don't think the agent stays at that 70% if they hit it. The agent is paid out of Duford's money at 70% only for those bi-weekly pay periods when production is sufficient. Otherwise, you're back at square one (20% comp).

No renewals either.

I doubt Dana Nesen's new agency will operate like that as the agent is responsible for lead purchases. The only way I can see an agency getting away with LOA and 20% contracts with no renewals is to offer a free lead program.
 
I know that Duford's agency changes it every other week based on production during the trailing two weeks. Agents are LOA now with Duford, and so your comp is 20% but can get to 70% I believe. However, I don't think the agent stays at that 70% if they hit it. The agent is paid out of Duford's money at 70% only for those bi-weekly pay periods when production is sufficient. Otherwise, you're back at square one (20% comp).

No renewals either.

I doubt Dana Nesen's new agency will operate like that as the agent is responsible for lead purchases. The only way I can see an agency getting away with LOA and 20% contracts with no renewals is to offer a free lead program.
Signing an LOA contract with anyone will be the biggest mistake an agent can make, frre leads or not. For most agents it is a ticket out of the business.
 
Signing an LOA contract with anyone will be the biggest mistake an agent can make, frre leads or not. For most agents it is a ticket out of the business.

Yes. I was surprised to find out that Duford had changed to 100% LOA.

I'd really like to know what the longevity is for an agent on his free lead program. If you found you could write $50K+ in a month, even just once, dialing for dollars, why would you not leave for DigitalBGA or FinalExpenseDirect where you can get street level contracts from jump street + renewals?

I only had 4 years worth of renewals when Covid came and PA shut down hard. Those renewals were a godsend. Paid my mortgage, fed the family, etc. Imagine wokring 4 years as an agent and having something like that happen and you have $0 residual coming in?

I like Duford, always have. But the LOA thing surprised me. I don't hold LOA agencies in very high regard.
 
Yes. I was surprised to find out that Duford had changed to 100% LOA.

I'd really like to know what the longevity is for an agent on his free lead program. If you found you could write $50K+ in a month, even just once, dialing for dollars, why would you not leave for DigitalBGA or FinalExpenseDirect where you can get street level contracts from jump street + renewals?

I only had 4 years worth of renewals when Covid came and PA shut down hard. Those renewals were a godsend. Paid my mortgage, fed the family, etc. Imagine wokring 4 years as an agent and having something like that happen and you have $0 residual coming in?

I like Duford, always have. But the LOA thing surprised me. I don't hold LOA agencies in very high regard.
Oh, it's wonderful!! They are making a million dollars!! That's why you never hear from them. They are all headed to the bank. Just ask any of the pimps. They will tell you same story! :yes:
 
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