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Senior Life Ins. Co. Becoming A Dominant Player!
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Maybe you were confused. The letter is not to say who's the biggest. The letter was referencing who's growing the fastest the last few years.
Confucius says: The carrier that grows the fastest, and repeats it every year, will most likely become the biggest carrier in the future. Or was it Mr. Spock who said that...lol.
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How much issued last year?
That appears to be written on Senior Life Insurance Company letterhead. Hmm....
I wonder where one might find the original article, if one actually exists? Surely, that was the first question that came to your mind. I tried to enlist Google's help, but Google just shrugged its shoulders and threw its hands up.
I wonder where one might find the original article, if one actually exists? Surely, that was the first question that came to your mind. I tried to enlist Google's help, but Google just shrugged its shoulders and threw its hands up.
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I get it now. The writer is a Senior Life employee.
There is another side to every coin, my dear friend. My analytical mind led me to the arithmetic. With annual premiums of $72 million, that works out to just $12,000 in AP per agent. Was that supposed to be a highlight of his article too?
If we employ the 80/20 Rule, 1,200 agents are producing most of the business. The other 4,800 are writing an average of only $3,000 in annual production. What is SLIC doing to treat this eye sore, if anything?
I am not hating on SLIC, I just like reading the entire story and not just the parts you like. That's like me reporting that there is only a good side to American History. I am sure you wouldn't believe that too.., or would you?
There is another side to every coin, my dear friend. My analytical mind led me to the arithmetic. With annual premiums of $72 million, that works out to just $12,000 in AP per agent. Was that supposed to be a highlight of his article too?
If we employ the 80/20 Rule, 1,200 agents are producing most of the business. The other 4,800 are writing an average of only $3,000 in annual production. What is SLIC doing to treat this eye sore, if anything?
I am not hating on SLIC, I just like reading the entire story and not just the parts you like. That's like me reporting that there is only a good side to American History. I am sure you wouldn't believe that too.., or would you?
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Sr Life has a lot of part-time brokers that use SL when they want to. The part-time brokers with SL are probably like they are with any organization....they may write one app per month with SL, just like they might write one app per month with their other 15 carriers. The brokers are what brings the average AP/agent down/carrier.
If Sr Life was captive only then you'd have a valid point. But we contract brokers as well as full-time captive. Agents determine which model they prefer.
I don't think the corporate lawyers would allow SL to put something like this out there if it wasn't true. In fact no carrier would publish such falsehoods.
As far as the 80/20 rule, in the FE arena, the 80/20 is really 95/5.....maybe even 98/2.
No matter how you twist it, Sr Life is growing, and growing fast.
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72 million in 1999 with over a 25% increase in 2000....as stated in article. Therefore, 2000's issued business would be 72,000,000 x 1.25 = 90,000,000.
I think that is quite a naïve statement. Corporations lie all the time. In fact, this is the very reason Corporate Ethics has been a requirement in Grad School for more than 20 years now, as well as the creation of the Sarbanes-Oxley Act. How soon we forget Bernie Madoff's lies. This is why, at least 2 of us who responded, requested more details of the original study.
Were you privy to the original study, or are you simply telling us what another paid employee of SLIC told you?
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