Assurant Production Requirements

[somarco]

Got an addendum to my contract in today's mail. Seems if they don't pay me at least $650 in any 12 month period they can terminate my contract.

I have so much trouble reading their commission statements I have no idea how little I earn.

 

[Yagents]

The bigger concern for me is #4:

"The beneficiary designation has been removed"

Given the passing of Frank, this was on my list of "to do's"
- - - - - - - - - - - - - - - - - -
They are saying it's payable to your "estate".

Another clause is the "term" of the contract: "Agreement is effective as of the effective and shall continue in effect for 30 days. Thereafter, this agreement shall auto renew for additional 30 day terms"

Talk about a short leash. They are definitely providing themselves an out and protection if they decide to eliminate agents or drop out of the business.

 

[somarco]

My commissions are currently payable to my corporation which survives me in the case I don't wake up tomorrow.

If these guys think they are going to write a lot of business with out agents they are wrong.

Remember when they had to pay a 12 month advance on major med to get agents to write with them?

It's not any easier now than it was then.

 

[Crabcake Johnny]

I've so informed my wife that if I die, just don't tell Assurant. They'll just direct deposit into my account until my book is gone.

 

[Yagents]

I've so informed my wife that if I die, just don't tell Assurant. They'll just direct deposit into my account until my book is gone.

Direct deposit is the answer, and yes I have it payable to corporation now. Thanks guys

 

[mikeslugo1]

My commissions are currently payable to my corporation which survives me in the case I don't wake up tomorrow.

If these guys think they are going to write a lot of business with out agents they are wrong.

Remember when they had to pay a 12 month advance on major med to get agents to write with them?

It's not any easier now than it was then.

Sounds like you need a new agency with higher commissions =)

 

[tins]

I've so informed my wife that if I die, just don't tell Assurant. They'll just direct deposit into my account until my book is gone.

They still pay you even though you no longer have an insurance license?

 

[somarco]

They still pay you even though you no longer have an insurance license?

You can vote after you are dead, but I am not aware of any states that issue insurance licenses to dead people.

 

[jbage007]

Sounds like Assurant can read the writing that was scribbled on the wall by John Roberts - in crayon