Need LOTS More Med Supp Leads Post-AEP

[WCMason]

I hope you have 3 yrs income in the bank. Med Supp commissions are "as earned" meaning you get @ $30 commission per month if you have a good contract. At least they do here in Calif with Anthem, Blue Shield and Health Net. Figure out how many policies you have to sell at $30 per month to pay the bills. Make sure you add in the direct mail cost. Final Expense has 9 month advances on commissions.

Most med supp carriers offer a 12 month advance. The ones you refer to are exceptions, not the rule.

 

[Glen Shelton]

I hope you have 3 yrs income in the bank. Med Supp commissions are "as earned" meaning you get @ $30 commission per month if you have a good contract. At least they do here in Calif with Anthem, Blue Shield and Health Net. Figure out how many policies you have to sell at $30 per month to pay the bills. Make sure you add in the direct mail cost. Final Expense has 9 month advances on commissions.

I would always recommend to all agents to take advances on their Medicare supplement commissions to help pay for leads.

Charge backs are so rare in most situations it's a no-brainer.

 

[GreenSky]

Despite the incorrect post by another CA agent, you can indeed get advanced on most carriers, including the three he said were only as-earned.

The answer to more leads is exactly what I've been doing for about 18 months. I've hired a telemarketer who generates leads for me. Of course having a good list helps.

Rick

 

[Glen Shelton]

Of course having a good list helps. Rick

I see what you did there

 

[goillini52]

I hope you have 3 yrs income in the bank. Med Supp commissions are "as earned" meaning you get @ $30 commission per month if you have a good contract. At least they do here in Calif with Anthem, Blue Shield and Health Net.

Figure out how many policies you have to sell at $30 per month to pay the bills.
Make sure you add in the direct mail cost.

Final Expense has 9 month advances on commissions.

Things must be different where you are. Most Med Supps advance 12 months, I have a couple that only advance 9 months. The only one I have that's as earned is BCBS.

 

[smokin goose]

Things must be different where you are. Most Med Supps advance 12 months, I have a couple that only advance 9 months. The only one I have that's as earned is BCBS.

Philly Am makes you go as earned (if you contract direct) until you write 5. Then they'll give you 6 months. 9 months after 10 and I think one year after 25.

Not sure if it's the same with an imo??

 

[JimmyUt]

Philly Am makes you go as earned (if you contract direct) until you write 5. Then they'll give you 6 months. 9 months after 10 and I think one year after 25.

Not sure if it's the same with an imo??

You can get 6 or 9 months immediately with an IMO. No point doing that though. Their biggest IMO'S only have 2pts over street, and getting more than street is almost impossible.

 

[goillini52]

Philly Am makes you go as earned (if you contract direct) until you write 5. Then they'll give you 6 months. 9 months after 10 and I think one year after 25.

Not sure if it's the same with an imo??

Yep, it's different through an FMO. I'm getting a 9 month advance. I guess that's something an FMO can do for you. I didn't even realize you could go direct with them, or I would've.