Vantis Life Contract Offer...

[lifeagent007]

Hey guys I have been shopping around and looking for the best contract with Vantis Life and so far the best offer I have received is %45 for there "Guaranteed Golden". I know this is a GI company but does that %45 seem a little low to any of you?

FYI I am a rather new agent in the FE market, But I Have been doing quite well my first month averaging 1.5 sales a day and my ap per week is right around $3000.

Thanks for the input!

-Life Agent 007

 

[Mattschmidt]

Hey guys I have been shopping around and looking for the best contract with Vantis Life and so far the best offer I have received is %45 for there "Guaranteed Golden". I know this is a GI company but does that %45 seem a little low to any of you?

FYI I am a rather new agent in the FE market, But I Have been doing quite well my first month averaging 1.5 sales a day and my ap per week is right around $3000.

Thanks for the input!

-Life Agent 007

For vantis that seems about right. They aren't the highest commission paying guaranteed issue company. I hope your 1.5 sales a day aren't all vantis. You'll be starving!

 

[lifeagent007]

I hope your 1.5 sales a day aren't all vantis. You'll be starving!

Rofl No Thank God that is not the case however I am walking away from a few sales a week that I could have put through a good GI company such as Vantis if I had the right contract.

 

[Iwillpay]

Rofl No Thank God that is not the case however I am walking away from a few sales a week that I could have put through a good GI company such as Vantis if I had the right contract.

Vantis rates are very good versus the other GI companies. It is better to write that business rather than walk away.

 

[SportsNut]

It is better to write that business rather than walk away.

Maybe... maybe not. Frankly, it depends if you write the ones who live... or the ones who die that create a chargeback for you. I personally pass on a lot of it myself but have no contingent liability over whether that insured lives or dies. [sorry for the matter of fact calculation, but it is just that].

Not that the income stream is likely to be all that long with this type of business but some of them will pay for many years to come... and you get a goose egg for renewals with Vantis. I've got a problem with that so I'd rather leave the liability and paultry FYC income behind, while placing some of the others with Gleanor, et al, who can qualify, and you avoid the chg back for the most part, get a higher FYC and renewals. Those that can't qualify will respond to the miriad of MoO mailers they receive and finn for themselves, IMO.

I haven't kept a spreadsheet on these cases [except in my head] but I'd say that I earn more comm and have less liability. I wonder if I'm right here but my perceptiion is all that is important, so I'd say that I am...

 

[deadhead]

I am getting 66% on Columbian's GI

 

[Newby]

Sell Gerber for GI.

And save the commission for a year just in case.

 

[gordon112]

Sell Gerber for GI.

And save the commission for a year just in case.

+1 a true GI product that at least pays you a decent commission.

I wouldn't sell it if I didn't think it wasn't worth it for both the agent and the client.

That's my endorsement for the day.

 

[HoosierLife]

I am getting 66% on Columbian's GI

Bam got you beat. 66.6% lol. But compared to Gerbers 60% and their rates being 25% cheaper ill go with them.

 

[WinoBlues]

+1 a true GI product that at least pays you a decent commission.

I wouldn't sell it if I didn't think it wasn't worth it for both the agent and the client.

That's my endorsement for the day.

Yup and Yup.

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