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Scroll down for a discussion on 50% comm. plus free leads ... is this a good deal for Final Expense ??? within the Senior Insurance Forum.

Yeah since medicare advantage solicitation is basically killed by HR6331 Im looking to build a Final Expense Brokerage ... What do you guys think of ...


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Old 07-16-2008, 11:51 AM   #1
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AgentOrange on 50\0omm. plus free leads ... is this a good deal for Final Expense ??? - Insurance Agent Forum
 
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50% comm. plus free leads ... is this a good deal for Final Expense ???             Go to Top

Yeah since medicare advantage solicitation is basically killed by HR6331 Im looking to build a Final Expense Brokerage ... What do you guys think of this deal as Brokers and Agents ? Leads are absolutely free and 50 % commission
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Old 07-16-2008, 12:25 PM   #2
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Re: 50% comm. plus free leads ... is this a good deal for Final Expense ???             Go to Top

How good are the leads?
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Old 07-16-2008, 01:24 PM   #3
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Re: 50% comm. plus free leads ... is this a good deal for Final Expense ???             Go to Top

Leads are good I produce them myself ... telemarketed and verified proprtionally for quality control then sent to agent daily.
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Old 07-16-2008, 02:18 PM   #4
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Re: 50% comm. plus free leads ... is this a good deal for Final Expense ???             Go to Top

That would be decent for new agents. You won't keep them around long for that commission though. I am sure the free leads are based off of production requirements right? Those "free" leads will be costing your agents 5 times as much. MOnumental life does this at a 90% contract.

New agents get .
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www.indianamedicareplans.com
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Old 07-16-2008, 04:05 PM   #5
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AgentOrange on 50\0omm. plus free leads ... is this a good deal for Final Expense ??? - Insurance Agent Forum
 
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Re: 50% comm. plus free leads ... is this a good deal for Final Expense ???             Go to Top

No they are absolutely free leads I generate them myself ... Im an MGA. Im gonna up commision based on production.

Last edited by AgentOrange : 07-16-2008 at 04:18 PM. Reason: clarity
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Old 07-16-2008, 04:21 PM   #6
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Re: 50% comm. plus free leads ... is this a good deal for Final Expense ???             Go to Top

Originally Posted by AgentOrange View Post
no they are absolutely free leads I generate them myself ... Im an MGA. Im gonna up commision based on production.
I agree with Senior. You better get the agents up a 90% with free leads or low cost leads pretty quick or you will lose the good ones.
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Old 07-16-2008, 04:58 PM   #7
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Re: 50% comm. plus free leads ... is this a good deal for Final Expense ???             Go to Top

Ok thanks for the info guys ... I should give them 90% and smack them with a telephone book and watch them sit on their hands. No seriously telemarketing is very expensive but always produced the best leads for me ... i do same day solicitation the prospects know who my agents are before they call the lead. You guys dont think this is a good deal I would sell 3-4 grand a week at this contract when resids kicked in I got pretty because I had a big book.
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Old 07-16-2008, 05:07 PM   #8
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Re: 50% comm. plus free leads ... is this a good deal for Final Expense ???             Go to Top

What would the max commission be if one were really doing well with you? I think you would get some good poeple, I'm just wondering how you would keep them around.
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Old 07-16-2008, 05:53 PM   #9
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Re: 50% comm. plus free leads ... is this a good deal for Final Expense ???             Go to Top

I have worked for a marketing company that set appointments for me, up to 12 a week, and paid 1/2 commission.

They paid more if the business was from a self generated appt. I made lots of money doing it and if anyone here will pay me 1/2 commission and provide set appts for me to work on my provided schedule, please contact me.

If you want to pay me 1/2 commission for leads I have to call and set appts with, forget it
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Old 07-16-2008, 06:41 PM   #10
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Re: 50% comm. plus free leads ... is this a good deal for Final Expense ???             Go to Top

Originally Posted by patch36 View Post
I have worked for a marketing company that set appointments for me, up to 12 a week, and paid 1/2 commission.

They paid more if the business was from a self generated appt. I made lots of money doing it and if anyone here will pay me 1/2 commission and provide set appts for me to work on my provided schedule, please contact me.

If you want to pay me 1/2 commission for leads I have to call and set appts with, forget it
I will agree without leads your dead in the water. You can have a 120% contract, but if you have no prospects its worthless.

What companies would you have your agents write? Are you taking an override, or is it assigned business?



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Old 07-16-2008, 07:16 PM   #11
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Re: 50% comm. plus free leads ... is this a good deal for Final Expense ???             Go to Top

Originally Posted by AgentOrange View Post
Yeah since medicare advantage solicitation is basically killed by HR6331 Im looking to build a Final Expense Brokerage ... What do you guys think of this deal as Brokers and Agents ? Leads are absolutely free and 50 % commission

I would like more info. How does one contact you? I tried to send a pm and got an error message.
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Old 07-16-2008, 07:24 PM   #12
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Re: 50% comm. plus free leads ... is this a good deal for Final Expense ???             Go to Top

Leads are fairly easy to come up with. Appointments are not.
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Old 07-16-2008, 09:12 PM   #13
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Re: 50% comm. plus free leads ... is this a good deal for Final Expense ???             Go to Top

Agent Orange,

Want more info on your program, how do I contact you??
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Old 07-16-2008, 09:15 PM   #14
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Re: 50% comm. plus free leads ... is this a good deal for Final Expense ???             Go to Top

Originally Posted by HoosierDaddy View Post
I will agree without leads your dead in the water. You can have a 120% contract, but if you have no prospects its worthless.

What companies would you have your agents write? Are you taking an override, or is it assigned business?



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Are you considering this offer Travis?
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Old 07-16-2008, 11:16 PM   #15
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Re: 50% comm. plus free leads ... is this a good deal for Final Expense ???             Go to Top

You never know?

I was thinking about making you a similar type offer? Higher Commission obviously. I have a lot of extra leads....?


I just like hearing what "marketers" are offering. And what companies they are pushing.


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Old 07-17-2008, 07:05 AM   #16
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Re: 50% comm. plus free leads ... is this a good deal for Final Expense ???             Go to Top

Ok Im not set up for life yet guys Im still marketing Med Advantage right now ... I figure I'll start making the change somewhere in september, so sorry Im not taking on any agents right now. Thanks tho I liked hearing noth sides of the feedback ... probably indicative of how recruiting will go.
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Old 07-17-2008, 11:51 AM   #17
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Re: 50% comm. plus free leads ... is this a good deal for Final Expense ???             Go to Top

Originally Posted by AgentOrange View Post
ok Im not set up for life yet guys Im still marketing Med Advantage right now ... I figure I'll start making the change somewhere in september, so sorry Im not taking on any agents right now. Thanks tho I liked hearing noth sides of the feedback ... probably indicative of how recruiting will go.
Sounds like bad timing to me. Why would you shift your marketing efforts away from MA's right before the enrollment period?

Travis, I will take you up on that deal as long as you give me a 60% contract with unlimited free leads. Would I have to put the business through you or my other companies that pay me 115% ?
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Old 07-17-2008, 02:17 PM   #18
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Re: 50% comm. plus free leads ... is this a good deal for Final Expense ???             Go to Top

Senior HR6331 ends telemarketing for Med Advantage after Jan 1. So between now and then Im getting ready to change over. I never said Im closing shop in September Im just getting started on another enterprise. My Med Advantage agents will have my support through March 31 then they are on thier own. Its sad but Big Gov sets the rules ... its been a good run though, gotta say that.
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Old 10-09-2008, 12:28 PM   #19
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Re: 50% comm. plus free leads ... is this a good deal for Final Expense ???             Go to Top

Agent Orange,
I use to sell MA and that 4-5 months was pretty tough. I was on the phone for 8 straight hours a day. Now I am doing FE and its 10x better but its not for everybody. Let me know if you want a top contract for FE.
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Old 01-01-2009, 10:49 PM   #20
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Re: 50% comm. plus free leads ... is this a good deal for Final Expense ???             Go to Top

Im am licensed with a number of companies in the final espense field, I am interested in anyone that will give me free leads, I sell door to door and also over the phone please let me know how to contact you, since I can never use the e-mail on here it doesnt work and always returns my e-mails as errors thanks Lou
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