- 25,068
Yup.
The fastest claims paid on non contestibles of any company I have worked with also.
What they didn't take level, they just about took graded.
Super easy to work with.
Rates bite.
The GP21 was awesome.
SNL?
- Thread starter jdeasy
- Start date
Yup.
The fastest claims paid on non contestibles of any company I have worked with also.
What they didn't take level, they just about took graded.
Super easy to work with.
Rates bite.
The GP21 was awesome.
- 25,068
They are still around. More on the PreNeed and some Annuities.
PS... they are Stock now.
- 16,928
It has always seemed to me like the whole industry should embrace this. Agent debts are all but eliminated other than recisions, the companies have better cash flow, and it separates the strong stable agents who can manage their business well from the other ones. Win, win, win. Should be with 5 points at a bare minimum.
- 3,996
Problem is cost to business continues to rise. Get in as earned with $15-25 leads is a lot different then $35-50.
Inflation the last 24 months is around 16%. CO’s expenses from labor to supply’s to benefit cost skying .Gross death claims across all life ins co’s up big the last 2 years. CO’s have no choice but to either lower comp significantly or raise rates 5-15% just to stay even with inflation and claims .
- 16,928
That’s what I’m saying. Guys starting out that are not financially sound yet would stay advanced. But the more experienced guys could go as earned and have a higher commission. Win-win
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- 25,068
I have to guess most experienced, non primadona, agents cost the IMOs very little. Take advances out of the picture and very little risk also.
- 16,928
Somewhat true. But there guys in the biz for decades that are also not at all stable and interested in keeping their messes cleaned up. I’m sure you are not this way but every time you post advice to have contracts here there and everywhere I cringe a little because that always the way the scammers do it.
There are two types of agents that roll debt up.
1. Guys who mean well in the beginning but just can’t/won’t make a go of this and fail out and are broke as a joke.
2. Really experienced guys who have bounced around from place to place and just need to pick up that contract or two from you right now for some cases they need to write. No, they don’t need any training or leads or anything.
Obviously not all broke new guys will fail out. And not all free-agents that aren’t committed to anyone else will write bad biz and roll debt. But those are the two you have to be cautious of.
- 25,068
Yeah, I could not do what you guys do. I don't have the temperament. Guys like you and Todd are not the reason I protected myself from letting anyone have all my eggs in their basket. Had I started out under someone like you guys I may have not been the lone wolf that I am.
Now that I am winding down to just maintaining my book. I find myself consolidating.
Personally I do not believe I have ever rolled up a debt. I have had a couple charge backs many years ago that I wrote myself out of. Now i prefer to just write a check. I have been very fortunate not to have had many charge backs at all.
- 3,996
And in the age of social media and “ghosting” its easy getting left debt or shiny object chasers running to find easy street.
