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Originally Posted by aitke12
What was your commission on that , if you dont mind me asking?
Thanks
$1,380 advance out of $1,836.24 total commission.....and ...
I'm pretty new to this forum, so 'hi' everybody. I've been doing mortgages for the past decade and recently decided to get into Insurance also. I see that there are a lot of mixed feelings out there regarding NAA. In my search for a Insurance position I have encountered companies willing to pay 100% commission, but they weren't going to provide much support (leads, office support, etc). Now, with NAA they are starting me at 55% commission which can go up rapidly based on my production. I have to pay for their leads, which I don't mind if the leads are somewhat decent.
I know some Agents don't like the MLM structure. I guess my thought is, it's a starting point for my Insurance career and if it doesn't work out i can check out somewhere else.
Are there any NAA Agents out there that could share their experiences?
Your question is fair enough. Unfortunately you are walking into a firestorm here because NAA is probably the most discussed and overdiscussed topic on the forum. Fortunately, you can do a search for NAA posts and read as much as you want, might take days to get through all the flamethrowing- most of which is valid.
I'm pretty new to this forum, so 'hi' everybody. I've been doing mortgages for the past decade and recently decided to get into Insurance also. I see that there are a lot of mixed feelings out there regarding NAA. In my search for a Insurance position I have encountered companies willing to pay 100% commission, but they weren't going to provide much support (leads, office support, etc). Now, with NAA they are starting me at 55% commission which can go up rapidly based on my production. I have to pay for their leads, which I don't mind if the leads are somewhat decent.
I know some Agents don't like the MLM structure. I guess my thought is, it's a starting point for my Insurance career and if it doesn't work out i can check out somewhere else.
Are there any NAA Agents out there that could share their experiences?
I appriecate it.
Mike from Philly.
I'm still contracted, but don't take leads anymore. They raised the price and sometimes it seemed like I was competing against other NAA agents. They mail millions of pieces per week and sometimes the prospects fills out multiple leads. They don't track that and another agent will get it. I had alot of chargebacks from last year and couldn't control the lead flow. I wanted to take a break during my son's baseball season and they said if they shut off the leads I wouldn't get the territory back, because so many agents in my area were dying to get them.. Then they started a tiered lead program and it showed that they had hundreds of A leads not purchased in my territory. This among other statements made me get out. They are a recruiting machine that trains people to follow and not think so they can recruit and train to follow and not think so they can recruit and train to follow and not think just follow... it's insanity.
Re: Who went to the NAA conference on Sept 29-Oct 1 ?Go to Top
Hi Fostever,
Thanks for your thoughts. It seems like the big benifit to going with NAA is their lead program, so if there's issues getting good leads that could cause a headacke.
I planned on getting their 'AAA' leads for $3 bucks a piece and buying a couple hundred of them and using them to telemarket. The $20 leads are a little pricey considering the amount of money i'm throwing out the window on mortgage advertising.
Here's a couple of questions for you:
How long are chargeback periods? (example, if the client keeps the policy for 5 years and cancels, is the Agent charged back?
How do the territories working and how do you qualify for one?
Did you make decent money working with NAA?
Are you required to recruit? My manager is telling me I don't, but if i did my commission would increase quicker.
Re: Who went to the NAA conference on Sept 29-Oct 1 ?Go to Top
Originally Posted by mmike160
Hi Fostever,
Thanks for your thoughts. It seems like the big benifit to going with NAA is their lead program, so if there's issues getting good leads that could cause a headacke.
I planned on getting their 'AAA' leads for $3 bucks a piece and buying a couple hundred of them and using them to telemarket. The $20 leads are a little pricey considering the amount of money i'm throwing out the window on mortgage advertising.
Here's a couple of questions for you:
How long are chargeback periods? (example, if the client keeps the policy for 5 years and cancels, is the Agent charged back?
How do the territories working and how do you qualify for one?
Did you make decent money working with NAA?
Are you required to recruit? My manager is telling me I don't, but if i did my commission would increase quicker.
Thanks for your thoughts. : )
Mike in Philly
I was up and down. I'd have a $4000-5000 annual premium week then maybe $1000, Then $2000, then NADA. My best week was like $8600. I have to admit it could be an easy laydown alot of times. I was new to Life policies and I soon realized for healthy individuals I could save them around $100/month if they tried for preferred, so I presented both options. I got chastised big time by my manager because the non-med was supposed to be so full of value. They talk all the time about not making it "all about you, but all about the customer." I felt they contradicted themselves too many times by creating an atmosphere that promoted the all about commission attitude. Hey, I want to get paid like anybody else, but need to believe in the product too. Yes, they start out telling you that you don't need to recruit, but if you are buying into the system and want residual income their training promotes recruiting and agency building to the hilt. I went back to the senior market and online health when the senior market is slow. The underwriting is extremely frustrating on individual health and I can see why some love the easy issue non-meds. They aren't always the best fit, but can work in the right situation. Charge backs are in the first 10 months since that is what you are advanced. You will see more than you'd like in that market. Leads are leads in any market. The "A" leads are supposed to be exclusive, but I think if you start to falter, they give them to other agents to mop up after you. A "B" lead is supposed to be 6 weeks old. If you get the $3 leads, those will have been worked to death. The people that mail these things in are many times not exactly sure if this is required by their mortgage lender because of the titles like FINAL NOTICE yada yada. I think some of the top producers ride that deception wave. Anyway, I got sick of it. If you want some sales training make them give you the free leads and go on the conference calls to see if you think it's right for you. They have some good ideas about objection handling and closing, so it's not a complete waste of your time to check it out. And the thread goes on...
Re: Who went to the NAA conference on Sept 29-Oct 1 ?
Any NAA Agents Out There?
it's insanity.
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