Real Income...for Newbies

[ticker_shuffle]

FE=Final Expense (a/k/a Burial Insurance).

Thank you!

 

[carolinagirl]

Do you have any idea how many people he talks too a day to close 5?

 

[Tom Highway]

Do you have any idea how many people he talks too a day to close 5?

Probably not too many more than 5. It sounds like the two admin people are doing the heavy calling and weeding out the tire kickers.

 

[SecureHealth1]

I know an agent with a small office and two admin girls. He buys around 100 leads a day and closes around 5 deals a day.

His girls call all the leads in real time, qualify and transfer the interested ones to him. He takes it from there. They also handle all of his follow-up.

He pays both of them $25,000 annual so here's the math:

$50K annual payroll
24K annual office rent
$180,000K annual for leads


1,500 policies submitted X $600 commish = $900,000 for a profit of $646,000.

The irony is he doesn't work that hard since the only time he's on the phone is when his admin transfers someone with high interest. I believe he works in like 5 states.

RE: healthagent


What products is he selling to get these numbers?

 

[NMFNMDRT]

In terms of just insurance there is a guy in my GA that I know makes around $700k off of renewals and about $600k in FYC's. He's been in 20 years though, and he still goes balls to the wall daily. He does minimal investments.

Another guy deals a lot with investments. He makes a little more than $2 Million off of that and about $900k off of his insurance business, so $2.9 Mil. is the most that I personally know.

In both of these cases that is their gross income. They obviously have expenses. I'm pretty they each have at least 3 assistants.

I know there are other people that deal a lot with BOLI, COLI, and estate planning that do more than these two, but I'm not fully aware of their total income.

The average income in my GA for 5+ year reps is just over $100k.

 

[jody108]

that is serious income!