Question About As Earned

[SamIam]

I sell more health than I do life but I always do everything as earned. On health if a client pays the whole year up front then I get all my money at one shot as soon as the policy is approved. I just sold an ING policy where the client is paying the whole year up front so I will get all my money up front is that correct. The only reason I ask this has never happened before to me when I sold life insurance.

 

[Todd King]

Yes, you'll get all of it because it is now considered "earned".

 

[Mark]

You get it all!

 

[medsuptage]

you will get it all.. in 4 months when they approve your app.



Not sure if they're still having underwriting issues.

 

[alicia]

What happens if they cancel in the 3rd month? Do they get a pro-rated amount refunded and you get charged back?

 

[Guest]

all up front and use it for a trip to vegas baby!

 

[WinoBlues]

What happens if they cancel in the 3rd month? Do they get a pro-rated amount refunded and you get charged back?

Yes and yes, normally.

 

[SamIam]

I've sent to apps to them so far in the last couple of months. the first one took a month the second one took two months.

 

[proadvisors]

apps take way too long these days for approval with just about EVERYONE!
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unless you do non-med, fe or GI