Can anyone tell me if internet annuity leads are any good? I have sold small annuities in the past, to health and life customers( $5K - $12), but I get emails from Leadbot promoting their internet leads. I have never purchased an annuity lead. Did postmark dms once, and it was a total waste of time. Any response will be appreciated.
Having said that......annuity sales, as you know, are based on a great relationship with the client. I find the most success when I cross sell an existing client.
Mostchoice doesn't have a good reputation. If you do an internet search, most of the reviews on them are bad, like the worst. Have you actually used them for annutiy leads, or just making a suggestion?
Mostchoice doesn't have a good reputation. If you do an internet search, most of the reviews on them are bad, like the worst. Have you actually used them for annutiy leads, or just making a suggestion?
A few years ago mostchoice basically stole my $500 by selling me that absolutely worst crap in the world. I tried to cancel after a few of what they referred to as leads.
It is less painful to through your money into the street.
Rick
------------------------------------ ILIAA
Training, Community, Support, and Success Independent Life Insurance Agents Assn rick@iliaa.org
Just make sure that the company only sells the lead once there are alot of companys that keep selling the same leads to many different people, and keep in mind that internet leads will need to be followed up asap. usually they will come by email. you need to instantly reply to maintain good credability..usually people searching the net want info asap. the longer they have to wait the less likely they will do anything.
I've looked at all of this very closely and really don't know why anyone would ever buy leads for the annuity market.
The only thing that makes sense to me is to do your own mailing based on the right demographics. That would normally be folks in the 60+ age bracket who are homeowners with a home worth $150k+.
You do the mailing and have leads that belong to you. Your cost is the postage, printing and the mailing list.
You can also use a company that does the printing and mailing for you --using their mailing list. Some are good, some are not so good.
Either way, you will net out paying less than for leads from a lead company and they will be yours alone, not something sold and re-sold to others.
The only thing that makes sense to me is to do your own mailing based on the right demographics. That would normally be folks in the 60+ age bracket who are homeowners with a home worth $150k+.
$150k seems low. So 60+ and owns a home?
Have you done your own mailings? If so, can you provide some more insight?
NO luck here. Current clients is your best source.
Posting on this board brought me some good luck. I offered an annuity to a life client that is 62 retired with a $5000 monthly income and a nice home. It was just an on-the-way out type of offer and she called me 4 weeks later to take $80K off of her hands. She had lost several thousand on the stock market and wanted to preserve the principle. Beauty of the thing, she sold me on why I needed to write it.
I hadn't done anything with annuities, since I got burned buying into Postmark DMS - supposedly an annuity lead mailing service. I lost $600 to that scam, so to the other gentleman that Lost $500, don't feel so bad.
Have you done your own mailings? If so, can you provide some more insight?
Thanks!
May be low depending on where you live. Seniors also tend to live in the same place for years and are not subject to reassessments in all jurisdictions. Some mailing companies like to go by income, but income is too easy to fake. I usually get about 2% response rate if a free meal is offered.
Posting on this board brought me some good luck. I offered an annuity to a life client that is 62 retired with a $5000 monthly income and a nice home. It was just an on-the-way out type of offer and she called me 4 weeks later to take $80K off of her hands. She had lost several thousand on the stock market and wanted to preserve the principle. Beauty of the thing, she sold me on why I needed to write it.
I hadn't done anything with annuities, since I got burned buying into Postmark DMS - supposedly an annuity lead mailing service. I lost $600 to that scam, so to the other gentleman that Lost $500, don't feel so bad.
Nice work. Thats how I bring it up and thats how 90% of mine are sold.
I have heard of leadbot, but I think they deal in life leads from real time, I am looking at a company called Annuity Agents, Inc., they want $1700 by check for 35 pre sets and any info would be great.
Originally Posted by bill3173
Can anyone tell me if internet annuity leads are any good? I have sold small annuities in the past, to health and life customers( $5K - $12), but I get emails from Leadbot promoting their internet leads. I have never purchased an annuity lead. Did postmark dms once, and it was a total waste of time. Any response will be appreciated.
Annuity Leads
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