No they still paid. Not sure what happened with life hawk.
TRANS VS SNL
- Thread starter thespur1
- Start date
No they still paid. Not sure what happened with life hawk.
Don't know about Shenandoah, but I have always ended being paid my life renewals by the company that assumed the business.
My rules of thumb have always been if it takes past the third year to equal the higher first year commission, I will take the money on the front end, so in the situation you give, I would do the same.
- 1,410
What's your guys' opinion on years 11+ renewals? Is it a deal breaker if a carrier offers no renewals after 10 years?
- 4,130
How many offer more than servicing fee? I'd say a year 10+ persistency including mortality now is probably 20% or less.
I would say the majority of companies that offer payment after 10 years pay a non vested service fee. There are some companies, Settlers comes to mind, that pay a lifetime renewal fee which is fully vested.
- 5,947
Was part of a FMO at the time I sold them. Hope not to make that mistake again. They were gaming me for 40% or more up front.
New agents need to sit down and drink a copious amounts of coffee and glean from this site as well as others. Informed to preform... sound like a new motto there.
As long as they end up with paralysis by analysis..Was part of a FMO at the time I sold them. Hope not to make that mistake again. They were gaming me for 40% or more up front.
New agents need to sit down and drink a copious amounts of coffee and glean from this site as well as others. Informed to preform... sound like a new motto there.
- 4,130
I'll be long dead and my wife will be like "why the ___ did I get a deposit for $21.52 from settlers life this year"
They keep paying until the previous year amount is more than $180 - $200.. Many companies have a $600 cut off.
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