Insurance Agent Forum

[WIN]

While I would love to lure these folks into a nice case for the authorities I find it more prudent to protect everyone's pocketbook here.

Go to Ripoff Report: By Consumers, For Consumers and do a quick search for: telemarketing $750

Look familiar?

Same scam different name.

[TRK3031962]

Wow, yeah, same scam, different name. I just don't understand how people like this don't get that one day it will all come crashing down on them. About like Madoff...didn't he know one day he would be caught?

[nka245]

Originally Posted by WIN

While I would love to lure these folks into a nice case for the authorities I find it more prudent to protect everyone's pocketbook here.

Go to Ripoff Report: By Consumers, For Consumers and do a quick search for: telemarketing $750

Look familiar?

Same scam different name.

Americas Best Telemarketing Company: America's Best Telemarketing Company Blatantly Commits Fraud & Laughs at Victims & Law Enforcement

There is another link for you... I have been contacted by these scum bags numerous times. Every time it is a different name but the same sales pitch. It's been at least two years now that Chelsie, Holly, Christina, Mark, etc... have been trying to get me to do business with them.

I have to admit, their deal sounds awesome and on more than one occasion; I almost bit the bullet and sent them money but I guess I am just a little too tight to up and send someone over $700 of my hard earned cash.

I can't believe what putred pieces of trash these people are.

[GetInsurance]

WOW!!! I am so glad you guys saved me 799 bucks. I was going to enroll Monday. Thanks WIN!!! I will offer more per closed sale with no deposit and I'm positive that they won't accept my offer.

[WIN]

Originally Posted by GetInsurance

WOW!!! I am so glad you guys saved me 799 bucks. I was going to enroll Monday. Thanks WIN!!! I will offer more per closed sale with no deposit and I'm positive that they won't accept my offer.

No sweat. I seriously would rather have hammered them but it will take forever and many many $799's later. I guess I could have just PM'd folks but that doesn't help the guests who are lurking.

Save your breath with them, I don't think it's legit. There is far more to the story but I'd rather let the public record show what's already happened to other folks and let people draw their own conclusions as obviously the Ripoff Report does not reference them directly, merely their pitch word for word...other than the $49 price increase.

[Texas Insurance Guy]

Well done guys. UNREAL!! A few things that had raised red flags to me...all the spamming being done to generate business for this "great" company. Also Holly Norton the main rep every single phone call went to her voice mail direct. Also the main company phone # was 100% automated and just didnt feel right at all. Its a shame, if they put this amount of time in energy into building an actual good legit call center they would make more then their short lived scams. Apparently every few months the name and website and fake "contact" person changes. I wish federal efforts were put into bringing them down, gotta be a way to track them through IP address or something at all.

Todd is right they are like Bernie Madoff. What a shame.

[nka245]

It looks as if a few people have won suits against them but so far no one has stepped in and really put a stop to them.

[WIN]

Recipe for disaster:

Spam
Great offer
Pay by check, money order, wire ONLY
No work starts till money is in house

[GetInsurance]

Does anyone know of or use a company like this for REAL telemarketed set appointments? Specifically for health.

[djs]

When a deal sounds to good to be true.....

I'd like to find leads I only paid for when I closed the deal. How realistic is this? In truth, even if you take their offer at face value, it isn't great, but it sounds great.

If you hire someone, you have more control. You probably invest a bit more of your time up front, but it's not an overwhelming process. Look at the numbers.....

Pay someone $10 an hour (varies a lot by location, I understand that). They should make 40 dials, talk to 6-7 individuals and generate 1 reasonable lead an hour (again, depends on what they are marketing). This gives you a per lead cost of $10.

Be honest here, half of the leads are probably not good. They gave some bogus info to get off the phone, to waste your time, whatever. This makes decent leads real cost $20.

Over time, you should be closing at least 1 out of 3 or one out of 4 (again, that's one out of 6 from the original). Closes don't necessarily happen this week, you'll have to work them to get your ratios up.

Final cost per lead / closed deal is around $60-$80. This is about the same as this telemarketing company, but you didn't have the upfront costs, and you retained control.

Yes, you can improve these numbers with using dialers, various systems, whatever. There are additional costs that you have to overcome when you do this.

Dan

[theinsuranceman]

Originally Posted by Texas Insurance Guy

That is concerning that 3 of their own people have given 3 different responses to their program.
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My source tells me the $50 per closed sale is for FE only. Also you guys had mentioned only paying this fee and not wanting to pay the monthly. I have not personally worked with telemarketed final expense leads but i would think it would be tough for them to be profitable only recieving the $50 closing fee right? To get an agent 15 good apointments per week in FE telemarketing that would require how many hours? I would think at least 15-20, maybe its way less but doubt it..what do the hours vs leads generated looked like in this FE market?

I can get you final expense leads pre-qualified to have either a checking or savings account via auto dialer. You can have the leads less than 24 hrs. after they are generated. Expect 4-6 leads per 20 contacted to produce 1 or more apps each. (at least 4-6 sales out of 20) Some states not available. These leads are $25 each. If interested email or call me 252-292-3350..Greg
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Originally Posted by rbrewer

If any one has found a honest lead company let me know. I don't know one agent that has not been burned. I don't trust any of them, they always give false information and lie lie. What do they have to loose they have your money already.

I can generate final expense leads pre-qualified to have either a checking or savings account, you can get them less than 24 hrs. from time they are generated. Expect 4-6 leads out of 20 worked to produce a sale. If interested email me or call me 252-292-3350..Greg...Some states are not available.

[blaze1x]

I can't believe I almost fell for that crap. Part of me wants to tip my hat because damn, that was a pretty good scam. I knew I should have come to this website and asked around, but for some unknown reason I didn't. Some geniuses never learn...

[Texas Insurance Guy]

Originally Posted by theinsuranceman

I can get you final expense leads pre-qualified to have either a checking or savings account via auto dialer. You can have the leads less than 24 hrs. after they are generated. Expect 4-6 leads per 20 contacted to produce 1 or more apps each. (at least 4-6 sales out of 20) Some states not available. These leads are $25 each. If interested email or call me 252-292-3350..Greg
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I can generate final expense leads pre-qualified to have either a checking or savings account, you can get them less than 24 hrs. from time they are generated. Expect 4-6 leads out of 20 worked to produce a sale. If interested email me or call me 252-292-3350..Greg...Some states are not available.

Greg,
I have seen the other 9 posts of yours with the exact same info, a little overkill with the same lingo each post...I do thank you for the offer. Price is a bit steep vs market competitors who do per minute and per lead charge programs.

[deeddata]

I'm at a disadvantage here, please be easy on me and set your preconceptions aside for a moment.

I am a reliable telemarketer (no pun attended) and would welcome the opportunity to make cold calls to drum up new leads. My company's core business model thus far has been to provide property data on families that are nearing their frist renewal date, but increasingly I have heard agents say that they don't want raw data but rather, more warmer, qualified leads.

To address this need, I'd offer to call households in the evenings and provide leads at the rate of $25 per qualified household. Any thoughts?

Jim

[insuranceexec]

Originally Posted by Texas Insurance Guy

Greg,
I have seen the other 9 posts of yours with the exact same info, a little overkill with the same lingo each post...I do thank you for the offer. Price is a bit steep vs market competitors who do per minute and per lead charge programs.

You are very correct. I wonder what the lead cost is for someone who just knocks on doors?

[theinsuranceman]

Originally Posted by insuranceexec

You are very correct. I wonder what the lead cost is for someone who just knocks on doors?

Of course knocking on doors is free. But you would make more INCOME (production - costs) if you bought leads. Any one who is half way successful in this business knows that.
Then the question becomes which type of lead is best? Well for Final Expense it's a lead that is very DIRECT about funeral expenses..not a vaguely worded direct mail piece. (Although this type of direct mail lead has a better response rate but is a lower quality lead).
The problem that SUCCESSFUL Final Expense Closers have is that a certain % of the people responding to Final Expense lead pieces do NOT have a bank account; hence, no advance commissions, only "as earned" . Therefore, if a Final Expense agent can eliminate the prospects/suspects who do not have a bank account, and only sell to people who HAVE a bank account then this agent WILL make more advance commissions (maybe 15%-25% more). Plus the persistency is MUCH better so renewals would be MORE for this agent. And, some of the frustration factor is eliminated..especially for a new agent in this game. I've been doing Final Expense only for 10+ years and I am speaking from experience.
Would love to have other SUCCESSFUL Final Expense agents/managers/recruiters comment on this.
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Originally Posted by Texas Insurance Guy

Greg,
I have seen the other 9 posts of yours with the exact same info, a little overkill with the same lingo each post...I do thank you for the offer. Price is a bit steep vs market competitors who do per minute and per lead charge programs.

My humblest apology for the over kill. Sorry. Just have something here that works VERY WELL for me and was making it available to other agents in areas that I do not work. Thanks for keeping me in line.

[WIN]

I did think of the easiest way to at least stop these type of scumbags from being able to fleece members of the forum.

In the last two attempts they got from me and others here the first step is the spam email. I say anytime any of us gets this crap in our inbox we just post a "stay away from XYZ they're up to the same old thing" and members and guests can be warned.

Additional help this would provide is that this forum ranks HUGE so if an agent was searching for info on that company such post would generally rank on page one of that search in google etc.

Won't stop em' obviously but it will certainly make it a lot tougher.

[blaze1x]

FYI
After I told them to jump in the lake and I wouldn't be needing their services, I got an angry e-mail saying that the BBB was on ripoffreport and that she patrols the insurance forum. The funny part is I never mentioned where I found out it was a scam.

[Angry Entrepreneur]

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[blaze1x]

Originally Posted by Angry Entrepreneur

...

Anybody see what the Angry Entrepreneur wrote before their comment was removed?