MOO and UOO Announces Commission Hair Cut to Agents

[billberry12]

"I like their closing line."

Confidence. Very good quality.

 

[dlvhi]

I'm just getting into insurance full time, so lack the experience the rest of you have. LTCi is kind of a natural market for me so I hope to see it maintain viability.

As a thought, although a cut in the commission is painful, at some point wouldn't that be better than pricing the product so people can't afford it? (Presuming the cut in commissions prevented higher increases in premium?)

 

[Arthur Rudnick]

The problem is, they're cutting commissions, doing away with benefits and still increasing premiums.

 

[billberry12]

It's like hitting a "triple" in baseball, except it's not that unusual in this business anymore is it?

I wonder what the "one over the fence" will be like. Is that what Met and Pru did?

 

[TACommunication]

Re: MOO and UOO Announces Commission Cut to Agents

Seems to be a pattern developing here guys and gals. TransAmerica should be next up any minute now don't you think?

TransAmerica already warned us a few weeks ago that "changes are coming...details to follow". I guess they were waiting to see what MOO would do. Now they know.

Transamerica announced their changes in July. An official release should be able to be obtained by your upline or Transamerica.

 

[billberry12]

If I remember correctly, there were no official dates on that announcement.