Senior Life + Technology . . .

[myinsurebiz]

Not talking about the policy itself, but the platform for the agent.

I agree . . .

We are going to use Senior Life to contract all of our New Agents - Licensed, Temp-Agents and Sub-Agents.

Senior Life has an easy system for new Agents to use and learn. Everything is done from a Tablet using an App and a Phone. No paper! Just follow the script, input answers and the App does the rest. *ick could sell using the Senior Life system!

Senior Life has every SIWL option a New Agent needs to become successful - Preferred, Standard, Modified and GI . . . No MIB, No RX, No POS, Same Day Issue and a GI that can be written on someone practically in the ground . . .

We'll use our other Carriers for the Experienced Agents to sell . . . They will have more training and will understand the Underwriting better.

To say we are excited is an understatement . . .

 

[Todd King]

And I’m making a statement saying you’re wrong. The reason people go with lh or sl isn’t because they are new or ignorant it is because of the vision to recruit and make overrides.

I am not pro lh or sl and recommend strongly against them, but to just say their agents don’t know any better is just not true.

Sure, they go there because they are feed the hype (vision). They are new, so they have nothing to compare to and they buy into the hype. All from ignorance of how it all works.

While I do realize there are some agents that go to LH or SL that do have knowledge of the industry, not many make that choice (A bad one in my opinion), most of the agents they hire (a vast majority), don't know anything about the insurance industry and what they see they mistakenly think it works that way throughout the industry. Therefore, they are ignorant of how it all works. Simple as that.

 

[rousemark]

Sure, they go there because they are feed the hype (vision). They are new, so they have nothing to compare to and they buy into the hype. All from ignorance of how it all works.

While I do realize there are some agents that go to LH or SL that do have knowledge of the industry, not many make that choice (A bad one in my opinion), most of the agents they hire (a vast majority), don't know anything about the insurance industry and what they see they mistakenly think it works that way throughout the industry. Therefore, they are ignorant of how it all works. Simple as that.

I seriously gave some thought to a SL contract.. Decided against it because the commissions are not very good if you do not sell their legacy Plan (or whatever they call it) with the insurance plan.

 

[DayTimer]

I seriously gave some thought to a SL contract.. Decided against it because the commissions are not very good if you do not sell their legacy Plan (or whatever they call it) with the insurance plan.

Do you know if the legacy Assurance plan is priced into the rates I see in FEXquotes, or is the cost of that plan over and above the rate quoted?

 

[myinsurebiz]

I seriously gave some thought to a SL contract.. Decided against it because the commissions are not very good if you do not sell their legacy Plan (or whatever they call it) with the insurance plan.

But if you do add the $3 membership - the commissions are competitive. Legacy-Assurance is a pretty good deal at that low monthly price. Even if the policyholder lives 50 years . . .

Senior Life has it's niches and advantages. More so for a new agent or an agent that markets strictly for them.

 

[myinsurebiz]

Do you know if the legacy Assurance plan is priced into the rates I see in FEXquotes, or is the cost of that plan over and above the rate quoted?

Not added in FEX . . .

 

[HoosierLife]

And I’m making a statement saying you’re wrong. The reason people go with lh or sl isn’t because they are new or ignorant it is because of the vision to recruit and make overrides.

I am not pro lh or sl and recommend strongly against them, but to just say their agents don’t know any better is just not true.

I don't know. I just got off the phone with a pretty big SL agency that I've been talking to for a few weeks. This individual is at an 80% and having to start their agents at 50/60%. Told me they just had to apologize to one of their agents for starting them so low.

Just didn't know any better.

I can sell that dream of building an agency and making overrides as well. No reason someone has to start at 40% lower comp to do it.

 

[NSRH]

I don't know. I just got off the phone with a pretty big SL agency that I've been talking to for a few weeks. This individual is at an 80% and having to start their agents at 50/60%. Told me they just had to apologize to one of their agents for starting them so low.

Just didn't know any better.

I can sell that dream of building an agency and making overrides as well. No reason someone has to start at 40% lower comp to do it.

Whats attractive is that new recruits dont have to spend any money to start getting leads. It comes out of their future commission.

Its a poor deal, made for poor people, who make poor choices.

 

[myinsurebiz]

I don't know. I just got off the phone with a pretty big SL agency that I've been talking to for a few weeks. This individual is at an 80% and having to start their agents at 50/60%. Told me they just had to apologize to one of their agents for starting them so low.

Just didn't know any better.

I can sell that dream of building an agency and making overrides as well. No reason someone has to start at 40% lower comp to do it.

Managers can start out their downlines at any level they wish that is less than or equal to their own . . .

We personally are starting all new Agents at 50% - but, we are also providing them leads and showing them how to also generate their own leads.

 

[myinsurebiz]

Whats attractive is that new recruits dont have to spend any money to start getting leads. It comes out of their future commission.

Its a poor deal, made for poor people, who make poor choices.

Using the new leads system via the app - the agent buys the lead on the spot with a debit or credit card is my understanding.