MedSupp commission when enrolling early

Jun 4, 2019

  1. Chazm
    Offline

    Chazm Guru

    Posts:
    4,939
    Likes Received:
    1,036
    State:
    Florida
    The craziest one I’ve seen is United American (they are competitive in spots of FL). I’m still not 100% on how it works but I think they front you 50% of the first 4 years, then start paying 50% renewals until it’s paid back. They said no interest, so I’m thinking, why not?

    $190 x 18% = $34.20 x 48 = $1641/2 = $820 up front then paid $17/ renewals in month 5 I think.
     
    Chazm, Jun 5, 2019
    #21
  2. Todd King
    Offline

    Todd King IMO/FMO Owner

    Posts:
    8,290
    Likes Received:
    1,875
    State:
    Virginia
    If it is working for you, then great. But, this is one of the things I hate about them. They advance you enough to where it is well over a year and this makes you want to keep those clients on the books with them longer. It's actually smart on their part, but not necessarily good for the agent and client.

    I'm not sure about now, but in the past they would not let you go as earned because they always want you in the hole with them.
     
  3. Bevo
    Offline

    Bevo Guru

    Posts:
    764
    Likes Received:
    291
    State:
    Texas
    Now THAT is just asking for a chargeback. If i'm understanding it correctly, that's a new one to me!
     
    Bevo, Jun 5, 2019
    #23
  4. goillini52
    Offline

    goillini52 MAGA...Eat More Bacon & BUILD THAT WALL!!!

    Posts:
    19,543
    Likes Received:
    5,774
    State:
    Illinois
    That's scary. I just don't trust anything to do with Torchmark.

    I remember back in the early 1990's, UA went to an 18 month advance. Took a while to see any renewals.
     
  5. Chazm
    Offline

    Chazm Guru

    Posts:
    4,939
    Likes Received:
    1,036
    State:
    Florida
    I’m pretty sure I’m as earned. But I’ll have to look again
     
    Chazm, Jun 5, 2019
    #25
  6. Chazm
    Offline

    Chazm Guru

    Posts:
    4,939
    Likes Received:
    1,036
    State:
    Florida
    They said in month 5 you get rentals. I’m not doing it. Just crazy when it was being explained to me
     
    Chazm, Jun 5, 2019
    #26
Loading...