Need help with this Health Opportunity

Sep 5, 2008

  1. superteke
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    superteke New Member

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    I saw an opportunity advertised on craigslist that I did not think was genuine. I don't currently do much health insurance but was thinking about adding it to my portfolio but it didn't sound legit. Any info. would be appreciated. The ad was as follows:

    Insurance Agent's Dream!!



    If you are currently selling Health and Life insurance, then you owe it to yourself to read on. We are a national organization that offers insurance products from coast to coast. These are just some of the benefits our organization offers.

    1) 240%-276% Advance- Sell a $400 deal and receive $1104 advance!
    2) All plans are MAJOR MEDICAL
    3) Plans with 3 year rate locks
    4) All electronic applications-NO PAPERS
    5) Can sell from your home office, so there is no need to drive all over town
    6) Direct deposit-paid directly from the insurance company
    7) Plans with decreasing deductibles
    8) Lead Programs
    9) No meetings

    We also have MANAGEMENT OPPORTUNITIES in certain areas. If you are a motivated individual with a strong desire to build your own team, then we have something for you. Earn 24%-36% advances off of all of your sub agents on your team with ZERO EXPENSES!
     
  2. Crabcake Johnny
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    Crabcake Johnny Guru

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    No upfront release = no deal
     
  3. indmedins
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    indmedins Guru

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    Sounds like the pump Assurant.

    3) Plans with 3 year rate locks
    7) Plans with decreasing deductibles

    That agency probably makes a great override and with Assurant's 12mo advance. Can you imagine the suicidal agents working there with thousands of dollars in chargebacks. I'd stay away from this deal.
     
  4. taterpeeler
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    taterpeeler Guru

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    Yes, and it sounds like he is spaming us
     
  5. djs
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    djs Super Moderator Moderator

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    Possible, but there is 0 contact information in the post. Even if I wanted to sign up, I couldn't....

    Now, I don't want to sign up, simply because a deal this good is to good to be real, which means there is a HUGE catch, and I don't need to go looking through fine print to find it, I know it's there.

    Dan
     
    djs, Sep 5, 2008
    #5
  6. The Rabbi
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    The Rabbi Guru

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    The deal is legit. 240% of the month's premium advanced against your % of the annual premium.

    You have to constantly be enrolling to keep up with chargebacks, especially these days.

    Tell them to pay you 'as earned' since you have other business. No chargebacks.
     
  7. InsuranceBenefitsGroup
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    InsuranceBenefitsGroup Guru

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    The 240% is another way of saying 'the first months premium x 2.4' It's a 20 point contract..very likely an Assurant guy.
     
  8. IAC.Ryan
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    IAC.Ryan Super Genius

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    I'd be reluctant to sign anything where you could build that large of a debit balance off of 1 case.
     
  9. joshril
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    joshril Guru

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    If you're writing good business... who cares about chargebacks.
     
    joshril, Sep 5, 2008
    #9
  10. STIBROKER
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    STIBROKER Like My post and enter the DRAWING,,,, Moderator

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    This smells like a shill.....

    [​IMG]
     
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