What is the Best Way to Get Started?

[NovaGal]

Hi all,

I am a licensed agent, and looking to get into FE, med. supp., annuities, ltc. What is the best route to take - go with an agency and give up some comm. $ in exhange for their leads & admin support.

or, buy the leads, my E&O insurance, and just go for it?

Need some guidance here... trying not to make the wrong decision. Thanks!

 

[anyloan2]

I started in FE 46 months ago and here is what I have done.

1st Month-62 policies for $35,995 in AP #1Agent in Country
1st Yr-446 Apps 1st 12 Months $258k in AP
1st Yr Managing- $1.4+ Million AP
2nd Yr Managing- $2.2 Million AP
3rd Yr Managing- $3.3 Million AP

Last Month-$339k in new AP

I looked around at all the options I am sure you are looking at now. Contract vs Commission vs Renewal vs being Captive, Ect.

I decided that I needed a strong company, with a good EXCLUSIVE lead system, lead financing, and the opportunity to grow. I found Lincoln Heritage/Golden Memorial and it has been the biggest blessing to me and my family.

They are captive in most areas and I'm sure you'll see 1,000 negative comments by others about them, but bottom line is numbers don't lie.

I have the numbers and the checks to back up my decision. Most of the others just have negative opinions and attitudes.

I hope it helps. What area are you in?

 

[pfs.bjohnson]

I would start with Equita. They will train you and give you a fair commision with access to the best carriers. Very little upfront money needed to start.

 

[GreenSky]

Make sure you sell a product you would sell to your mother. If it starts with Lincoln it's something you would be ashamed to use.

Rick

 

[The Gimp]

Call some marketers such as myself, Mark Rosenthal, EFES, etc. Interview them and choose the group you feel most comfortable with. Make sure you can get a release if you don't have outstanding balance.

Make sure your upline can advise you on most of the products you want to sell,or atleast refer you to the right people. I handle Life and FE and I have Medicare and Annuity Specialists available.

Listen to Rick. Avoid Lincoln Heritage!

 

[anyloan2]

Make sure you sell a product you would sell to your mother. If it starts with Lincoln it's something you would be ashamed to use.

Rick

Call some marketers such as myself, Mark Rosenthal, EFES, etc. Interview them and choose the group you feel most comfortable with. Make sure you can get a release if you don't have outstanding balance.

Make sure your upline can advise you on most of the products you want to sell,or atleast refer you to the right people. I handle Life and FE and I have Medicare and Annuity Specialists available.

Listen to Rick. Avoid Lincoln Heritage!

Like I said before, opinions with no proof of what they are doing.

My numbers just updated and my group has $111,783 turned in as of today for new AP.....On pace for another record setting month!

 

[GreenSky]

Like I said before, opinions with no proof of what they are doing.

My numbers just updated and my group has $111,783 turned in as of today for new AP.....On pace for another record setting month!

You keep quoting numbers. There are agents that do a ton with limited benefit health insurance policies.

Sales means nothing. I'm sure the manufacturer of Yugo's boasted about their leading salespeople.

I'm glad that the only thing important to you is making the sale. I'm sure you wouldn't sell that $hit to your mother.

Rick

 

[NovaGal]

Like I said before, opinions with no proof of what they are doing.

My numbers just updated and my group has $111,783 turned in as of today for new AP.....On pace for another record setting month!

You keep referring to your group... you sound exactly like the guy from NAA that tried to recruit me.

Are you in fact with NAA?

 

[jdeasy]

You keep referring to your group... you sound exactly like the guy from NAA that tried to recruit me.

Are you in fact with NAA?

Even worse, he's with LH.

 

[Rearden]

How much money can you put into a lead drop?

If you can lose $2000-$3000 (probably more like $4000) without pain, the Equita or Securus route is a good choice.

If you know what mailers pull the best and can tie up $6000 to $9000, drop your own mail and contract directly to the carrier or to an IMO.

If you can't afford to invest the money required, don't enter the business. Or, consider going door-to-door or cold-calling for final expense or Medicare Supplements.

Contact Frank Statsny if interested in MedSupps. Reference this thread (Survey For DOOR TO DOOR!) for an excellent review of cold-canvassing for final expense.

Best of luck,
Dave

You keep referring to your group... you sound exactly like the guy from NAA that tried to recruit me.

Are you in fact with NAA?