Not Sure what is Fair....

[j41nyc59]

I just became a NY Accident & Health Agent. I have been Working at an agency for about a year now. I was offered 50 % of all sales and 50% of all residuals. I will be specializing in Medicare. Is that a fair deal?

I have been working in the office for about one year now and have learned a lot about the medicare advantage plans. I have greatly increased his amount of sales. I didn't know the split would be so high. I thought once I got my license I would get 100% of my residuals. I thought the split of the upfront commissions would be enough... I am not sure how other people work this out, but I am disappointed. I don't know enough to go out on my own yet....He said he will be supplying me with a desk, and leads in which he gets of people aging into Medicare.

 

[Indy007]

I wouldn't take that deal. You're losing a lot of $, especially on renewals. The "leads" he's supplying you are likely just T65's which you can get a list of on your own for cheap. I'd think after doing it a year you know enough to get started independently. Buy a list of T65's in your area, get appointed with companies and sell away while getting 100% of the comp and renewals.

 

[j41nyc59]

I know you are right. The problem is I didn't sell anything but Medicare advantage plans. Anyhow, he mentioned to me the 50/50 split on residuals will be in the contract and if I leave and go out on my own, he will own 50% of my book. I sold over 100 advantage plans last year no residuals being no license. He will keep those also.

Feeling Used.

 

[sman]

I know you are right. The problem is I didn't sell anything but Medicare advantage plans. Anyhow, he mentioned to me the 50/50 split on residuals will be in the contract and if I leave and go out on my own, he will own 50% of my book. I sold over 100 advantage plans last year no residuals being no license. He will keep those also.

Feeling Used.

Wait a second, you sold over 100 MA plans without a license? Class, does anyone see a problem here?

 

[Tahoe Ray]

Wait a second, you sold over 100 MA plans without a license? Class, does anyone see a problem here?

I don't sell health insurance but...yes.

 

[AngelBand]

I know you are right. The problem is I didn't sell anything but Medicare advantage plans. Anyhow, he mentioned to me the 50/50 split on residuals will be in the contract and if I leave and go out on my own, he will own 50% of my book. I sold over 100 advantage plans last year no residuals being no license. He will keep those also.

Feeling Used.

Whao, wait, what did you just say???

 

[donamese]

I don't sell health insurance but...yes.

So since you just became an agent, you realize that is illegal? You are concerned about renewals that you should never have received in the first place since you were not licensed.

 

[xrac]

Whao, wait, what did you just say???

Can we say both a scoundrel and someone naivc.