I was about to get contracted with a 135% commish . Big outfits like one life have been pushing big time . I’m sure they were flooded with business and couldn’t handle it being a tiny company . Super high comp with aggressive underwriting and very low rates might have bit them . Anyone know if this is temporary?
Someone told me GCU pulled the plug on fe sales
- Thread starter DonP
- Start date
- 19,035
Supposedly temporary. As of 5:00 pm on Dec 13 the FE business is suspended.
I never felt they were in the FE business but they thought they were.
- Thread starter
- #3
- 19,035
They are doing it for the agent’s benefit!!
No, seriously, that’s their story. They are unable to pay commissions correctly so they need to get that fixed. But only on the FE product.
Their commissions are overly high. Their rates are not all that.
Except on younger FE ages.
But if that were the problem why not lower commissions and keep going?
They don’t claim thats the problem though.
No, seriously, that’s their story. They are unable to pay commissions correctly so they need to get that fixed. But only on the FE product.
Their commissions are overly high. Their rates are not all that.
Except on younger FE ages.
But if that were the problem why not lower commissions and keep going?
They don’t claim thats the problem though.
- 3,994
The commission system collapsed from what I can understand. Other than that it’s all speculation.
- 19,035
Just the FE commission system collapsed.
- 4,693
When the commission system collapses what does that mean?
- 913
I was thinking the very same thing.
- 19,035
They really aren't a player anyway. Unless you have limited options in your state. I've written 340 applications this year. Less than 10 are GCU.
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