Referral fees to licensed LH agent

Mar 25, 2019

  1. alexkh
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    alexkh Expert

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    just wondering how much woul you pay for a small group health insurance referral from life and health agent.
    Is that % of first year and then reduced?
    I got a soliciting call from out of area agent that wanted 50/50 split with us doing all the work. Is that reasonable to pay that much for a warm referral?
    Thank you
     
    alexkh, Mar 25, 2019
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  2. BADTROUT
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    BADTROUT Guru

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    If it's yours thereafter, I'd pay that. Break even first year, gravy ever after.
     
    BADTROUT, Mar 26, 2019
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  3. myinsurebiz
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    myinsurebiz Guru

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    Only if as earned - because those are most likely chargebacks waiting to happen
     
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