Absolute, 100% certified BEAST.Well, I start my week on Sat... so today was day one...
First Apt... Easy replacement scenario that I could NOT close... Didn't trust me... or like me... or something.. Didn't want to give up that old expensive policy...
Second Apt... Easy replacement scenario that I could NOT close... Yeah 8 yrs into a 10 yr term policy... She said she will call me in 2 years...lol
Ended up writing 7 apps for over $5,000 in AP
I just walked in the door from a 14 hour day... time for a hot shower and beer!
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One of my deals this week I did the least amount of work and made the most money. And my other one I did the most amount of work and made the least money.
The one was a term case where I had Jeff Root do all the heavy lifting. $19,000 AP on that one.
The other was a current client that had some old policies she just wanted help changing the beneficiaries on. These were 50+ year old policies on a company I had never heard of. We call the company and they told her she had to mail them her originals to change bennies which scared her to death. The company was in Louisville and I happened to be going there the next day anyway so I told her I would hand deliver them. I was curious about this mystery company. Could they be one of those undiscovered hidden nuggets?
So I drive the 4-hour round trip to seek my fortune. This building is right in downtown Louisville with 5-Stories of prime location and their name engraved on the building. Right across the street from Humana's monstrosity. What have I been missing all this time I thinks to myself? I'm like a kid at Christmas ready to open my presents.
I step inside and it looks like I'm in 1950. OK, so decorating ain't their thing. Helps to keep the premiums down I figure.
The security guard/greeter has to know my business there and call upstairs for guidance. I calmly tell him about the Benny changes whilst thinking " Son, I'm about to unleash the hounds of Hell on you. The most crazy-eyed, mad dog Final Expense producing army of misfits that will explode this company so big they will have to buy out Humana's building for expansion. Take me to your leader!"
I get the pass to go to the 5th floor. The elevator shakes and rattles like the rear fender of a vintage Harley but it somehow grinds it's way to floor number five. I'm in! This is the beginning of a whole new life for me. Where's the CEO? I need to see your products.
As I gaze my eyes around the room all I see is about 5-little old ladies working away at old wooden desks with stacks of paper and no computers. There were walls and walls of paper file cabinets and paper reports laying in perfect stacks. The most modern thing in that room was an autographed photo of Dean Martin. And Dean looked to be about 25-years old.
I get my bennies changed and the ol' girl really did have to hand write the changes on these old relic policies and stamp them. The policies were as fragile as the Dead Sea scrolls.
I'm pretty let down but I still had to ask...Do you guys sell much life insurance?
Oh, no. We quit selling back in the 1980's. We just maintain all the old policies.
Another balloon busted.
I drive back the 2-hours home and helped the lady transfer her cash value into a single premium policy that increased her death benefit by 40% for a total of $2,200. I made about $100 on that deal.
But I had about $50,000 worth of fun so it was all good.
What a great read! Seriously, you write really well. You should write a book someday.