They reimburse you if you make it 90 days with them.
New Agent at BLC Any Tips?
- Thread starter shawsome
- Start date
They reimburse you if you make it 90 days with them.
I posted a poll about this a while back..in fact you were the 2nd person to respond lol
http://www.insurance-forums.net/for...ssions/bankers-life-casualty-poll-t51625.html
Honestly, when it is more than 6 months for me it is out of sight out of mind.
- 2,584
The CLTC is a 2 day course. Not knocking it, but I don't see it as helping much. I have never had a senior ask or know anything about it.
Do you know if Bankers pays for it currently?
I don't think they do. Possibly a discount or somethling like that. It costs over a thousand dollars and no way Bankers will invest that money in a new agent, IMO.
Most agents rarely hit a significant bonus, especially new agents. The bonus increases the more you make. Where it really makes sense is at the top levels, IMO.
Most people are talking about company practices, what was being taught to the agents. I think someone googled already and that "worry box" training video came up. I don't know if other companies train like that.
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Bankers L/C, the tops in bad sales practices.
Reserve National and United American, a tie for second.
NASE/Mega Life selling individual insurance, fined $20mil. by the NAIC for teaching deceptive practices. I actually have a ding in my insurance compliance record for recording those presentations as a consumer, the state of AR. didn't appreciate me doing "unauthorized investigations".
Reserve National and United American, a tie for second.
NASE/Mega Life selling individual insurance, fined $20mil. by the NAIC for teaching deceptive practices. I actually have a ding in my insurance compliance record for recording those presentations as a consumer, the state of AR. didn't appreciate me doing "unauthorized investigations".
They give a discount, cant remember how much it was, but it was a pretty decent discount. But They dont offer that until your 2nd year
The Quarterly bonus structure for new agents is as follows:
Bonus = 5% ($250) if APC = 5,000
7% ($560) if APC = $8,000
11% ($1,210) if APC = $11,000
17% ($2,380) if APC = $14,000
25% (4,250) if APC = $17,000
35% (7,000) if APC = $20,000
45%($10,350) if APC = $23,000
55% ($14,300) if APC = $26,000
65% ($18,850) if APC = $29,000
75% ($24,000) if APC = $32,000
85% ($29,750) if APC = $35,000
95% ($30,000) if APC = $38,000
1 APC = $1 in commission
these are Quarterly bonus rates for new agents. Senior agents bonus structure has the bar set a little higher.
Good agent in my office would get the 11% bonus. But the average when I was there was 5% or 0%.
The max you can get was also 95%. There were one or two agents that would get that almost every quarter.
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lol (twenty charscters)
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Evidentally because you are first a licensed agent in their sight and a consumer second?
- 2,584
By the second year they should have made quite a bit off of the agent. I certianly wouldn't join for this reason.
The commission was 50 to 75% less than what an independant agent gets on similar products. If you are the majority, you are giving up a lot.
