It's the lies that he feeds himself that is the main problem. Just look at how he twists and turns every ounce of proof given to him. He just can't hear the truth. It's okay though, he's happy in his belief system.
Rate comparison, Lincoln Heritage and Senior Life
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It's the lies that he feeds himself that is the main problem. Just look at how he twists and turns every ounce of proof given to him. He just can't hear the truth. It's okay though, he's happy in his belief system.
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Titeye threw the 1st punch with his out of the blue $2000 challenge. I've accepted his challenge. He now appears to have backed down.
OK here's the answer........
The $700 max advance per household is for newly contracted agents. They get the $700 advance and the rest of the commission on that sale goes to their pay thru. This is designed to protect the agent's immediate manager's exposure to agent charge back debt.
Other carriers may let the agent receive the whole $3000 advance (for sake of discussion), then the agent quits 2 months later, that policy lapses about the same time (maybe because it was getting rolled to another carrier for a quick advance?), and the immediate manager has to eat that debt (just a little less than $3000). Now the manager is not making any $$$ and probably gets discouraged about recruiting (like a few up here have talked about). This is a good example of why some managers/leaders/recruiters don't really make the $$$ they deserve. They give credit to non credit worthy agents....kinda like the housing bubble a few years ago. Banks were lending $$$ to non credit worthy people.
This is a business and some managers are too loose with giving credit (huge advances) to their broke or crooked agents. Good persistency is like having collateral for an unsecured loan (the advance).
SL tracks 4, 7, 10, and 13 month persistency. The manager of that agent can request the max household advance be increased after a track record of good persistency shows up. You see, the immediate manager gets the over writes but also eats agent debt. The manager is the cosigner for the advances of his/her agents, not to mention cosigning for leads on credit too.
Since the manager is the cosigner for agent advances the manager has a lot of say about advance %'s after a good track record is established concerning that agent's persistency. A manager that cosigns for a new unproven agent to receive, say $3000, is a manager that will be complaining a year later that he couldn't make any $$$ recruiting, or will be making a LOT LESS profit than they should have.
When you're writing 5-9 FE deals per week the $700 advance is of no concern. But if that agent only writes 0-1 deals per week, like a lot of agents on this forum because they're up here 10+ hours per day, then they're desperate for that $3000. Don't you know that most FE agents are just like their prospects? They're busted, disgusted, and can't be trusted...lol.
Hope that answers your question.
Absolutely none of what he just said is in either one of the Agent Manuals that was just given me. ZERO!
He may as well had said that SLIC managers receive a different manual than the official manual agents are privy to. Nowhere in neither the 2017 nor 2018 Agent Manual that all agents are provided, according to my source, does it state that $700 max advance per household is for newly contracted agents. OMG! He literally inserted that himself! I can't find anywhere in here where it even implies that the max is based on consistent or increased production! As a result of reading the manual, what agent coming aboard would even think to ask if this limitation applies to them?
Not that I give a damn, but this also confirms that he lost the $2,000 bet, considering he has yet to produce any reputable source to contradict the 2017 and 2018 Agent Manual.
Greg would have been better served if he had just stuck to the thread title question and took his bows as for the most part SL Preferred (not super preferred) are much better than LH.. It is when you get in all this other stuff that SL comes out not looking so good..
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You again? LOL. Have you been able to borrow the $2000 yet? LOL. Let's try to break things down so you can understand simple english. Wait, are you an illegal Mexican and having problems understanding plain, simple english? LOL Just poking fun at you.
For the reputable source you ask about, how about I write a piece of business and prove to you that my advance is higher than $700? I could post it up here....what do you think?
Will that motivate you to ask your mother if you can borrow $2000? Ask Todd to help you cover the $2000. Better yet, Todd likes to play poker and so do I, so let's raise the stakes to $5000. If Todd doesn't have the cash maybe you could pool the bet with the monkey man and Rouse too. Will that work for you to put me to the test?
You don't seem to understand that Sr Life does not take charge backs out of advances, they're deducted from the pay thru. That way agents are paid daily based on production with ZERO deductions for charge backs.
It's very common for agents who have been with Sr Life a year or longer to have a higher max advance still with NO worries about charge backs eating up their advance. Most every agent I have interviewed over the years likes this feature a lot and wondered why other carriers didn't do this for their agents.
Also, if an agent wanted to get a 75% advance they can. It would be just like the other carriers in that charge backs are deducted from the advance. And the max household advance could be $2000. If they've been with Sr Life longer than a year the max advance can go over $2000 but then it would be dependent upon persistency.
You're just a hater and like to argue to make up for your lack of success. I can't lay this advance info out any simpler. The advance is left up to the manager. Sr Life can do anything like any other company when it comes to an advance.
NOW PUT UP YOUR $5000 (GET TODD'S, MONKEY MAN, ROUSE, AND OTHERS IF NEEDED TO HELP YOU SCRAPE UP $5000). THEN PUT ME TO THE TEST ON WHAT I'VE LAID OUT HERE.
THE BALL IS IN YOUR COURT.......LOL.
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Cats and popcorn... Lots of cats in FE homes
Was in one yesterday... and I might add I had to wipe the first bug of the year off my paper work.
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Todd, you finally arrived, what took you so long? You're such a hater too. Every time I post anything up here you do your best to discredit me. You do this because you are terrified you'll lose another agent.
Todd you offer your agents NOTHING. No lead program, no deferred charge backs, nothing. At least Newby has a lead program and you don't. Why would an agent join you with no lead program when they could join Newby at same or better commissions who has a lead program? Newby has some top notch training and producers. What do you have? Nothing! (Newby no need to mail me a check I'm going to BUST Todd and titeye for 5 G's).
You were even calling me up every couple months to see if I would write some business for your agency. I see why now. You lost one of your IMO contracts with a carrier because your agency is shrinking and you didn't meet production requirements. I have to believe your agency is still shrinking and you come up here to bad mouth to stop the bleeding? You know it's the truth.
Todd, we all know your kind. Remember when you posted a while back.....
"Ms. Jones I work for you. Not any one insurance company and I can give you one of the best deals out there. Screw the insurance companies. (Todd you are just a policy peddler). " What professional selling Ace would say "screw the companies"? The only people who say that verbiage are the ones who can't sell, so they grasp at straws.
It's your kind who can't make it on there own and always have to throw off on some one or some company. You should be ashamed of yourself when you say things like "screw the insurance companies". You sound like an unsuccessful rookie talking.
We're all in the FE industry. This is our living and we should respect each other and our profession more than for you to make these type statements. Just admit it Todd. You can't sell and there will always be haters and you're just one of them. Keep telling your same ole story.
Another post of yours: Let me put it this one more way. It has always been my motto I'm there for the client/consumer. I am not there to promote any one company. Screw the companies! They make plenty of money with or without me and my clients.
If you could sell insurance and recruit properly you wouldn't be losing your IMO contracts. Heck if you were good enough you might be able to own your own insurance company and talk differently.
BY THE WAY, SINCE YOU AND TITEYE THINK I'VE NOT TOLD THE TRUTH ABOUT SL ADVANCES, ETC. CAN YOU AND HIM SCRAPE UP THE $5000 FOR THE CHALLENGE THAT TITEYE ISSUED. HE'S BACKING DOWN BECAUSE HE DOESN'T HAVE THE 2 GRAND.
I'M CALLING YOU OUT TOO TODD. PUT YOUR $$$ WHERE YOUR MOUTH IS. IT'S TIME FOR YOU FORUM BULLIES TO PUT UP OR SHUT UP. COME ON! YOUR AGENTS, AND OTHERS, ARE LOOKING AT YOU! I'VE PUT MY $$$ UP!
IT'S SHOWTIME BABY! COME TO THE STAGE WITH ME!
Todd since you say do the right thing because it's the right thing to do, how much spread between your contract and your agents'contracts. You say you like to be transparent so let's see you prove it. Since you don't cosign for any leads nor charge backs your spread shouldn't be very much. Speak up! EVERYONE on this post is curious.
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SL not looking good? SL is looking better than other carriers.
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Rouse, even you are looking good by discovering the asthma question earlier.
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You got to love this place... looks like something called up yet another rear and bit them???
