Insurance Agent Forum

[RTD19701]

Hello all,

I have a chance to sign on with a health insurer offering a 20% commision to start as a "street level". Is this a good street level commision, i have heard others offering less and some more. What should I be looking for when I vett various companies. Thanx

Tim

[The Rabbi]

That's about average. Some do 25%. The small ones

[ijerome]

How many applications have you turned in? If none, my suggestion is to make sure you can get a release from your GA, take street level and sell. If you can sell, the commissions will take care of themselves. By selling I mean policies that stay on the books. Sell and the commissions and trips and new cars will come. Did I mention that the important thing is to sell?

[joshril]

I would suggest you start at 20% and work a pay increase based on production into your contract. I offer all my agents this...

[Mr supplemental]

Also look at the renewals. 20% may be OK the first year, but what about years 2-6 and so on.

[Peelerinsurance.com]

its health insurance... roll roll roll the client .. merrly down the stream... who cares about renewal?...

[joshril]

Originally Posted by Peelerinsurance.com

its health insurance... roll roll roll the client .. merrly down the stream... who cares about renewal?...

You took the words right out of my mouth...

[robliano]

Originally Posted by Peelerinsurance.com

its health insurance... roll roll roll the client .. merrly down the stream... who cares about renewal?...

You can't roll them every year or every renewal, that's a disservice to the client and usually in the best interest of the agent. I'm not saying anyone does that here, just saying so the rookies know.

[joshril]

Originally Posted by robliano

You can't roll them every year or every renewal, that's a disservice to the client and usually in the best interest of the agent. I'm not saying anyone does that here, just saying so the rookies know.

That's true... you should only move a client if it's in the client's best interest. However, if your goal is to build a life-long renewal stream, health insurance is not your best bet...

[Peelerinsurance.com]

Originally Posted by robliano

You can't roll them every year or every renewal, that's a disservice to the client and usually in the best interest of the agent. I'm not saying anyone does that here, just saying so the rookies know.

i do hoss... your wrong.. but thank you for the comments regarding me being a disservice to my clients... i will tell them that next time they get an increase

[Peelerinsurance.com]

Originally Posted by joshril

That's true... you should only move a client if it's in the client's best interest. However, if your goal is to build a life-long renewal stream, health insurance is not your best bet...

josh, it can work well if you just massage and nuture the client base... and roll roll roll .... that is when it is not a disservice

[robliano]

Originally Posted by Peelerinsurance.com

i do hoss... your wrong.. but thank you for the comments regarding me being a disservice to my clients... i will tell them that next time they get an increase

Peeler, read what I wrote, I said "I'm not saying anyone does that here" I never said you were guilty of anything, never accused you, guilty conscience maybe? LOL

[joshril]

I'm rolling a lot of Unicare clients this year...

[Peelerinsurance.com]

Originally Posted by robliano

Peeler, read what I wrote, I said "I'm not saying anyone does that here" I never said you were guilty of anything, never accused you, guilty conscience maybe? LOL

I did read what u wrote... and i feel like i understood it quite well... my point was I DO roll clients after 1 year... and i dont see a problem with it.. in most cases... your comments in my view indicated that the practice was wrong and i disagree with you.

a little about texas.... can't speak of other states, this may happen to you in other states, if it does i feel that u owe it to your clients to opperate like i do it... this is just my view.

Texas has more health insurance companies fighting for business than EVER b4... we also get 20-50% rate increases on renewal clients, most times, not all the time. when u run the family back through the quoting software u find that for the same coverage u can write a policy for about the same as the year b4... so here is the situation... client has xyz and was paying 450 a month, got increase after 1 year to 600... shop the biz and find that abc company is 460.... client has no new health problems and we have credibilty coverage here so .. boom, money savings endevor.

if u dont allow the client to know this and give them the chance to move... someone else will

[joshril]

Originally Posted by Peelerinsurance.com

I did read what u wrote... and i feel like i understood it quite well... my point was I DO roll clients after 1 year... and i dont see a problem with it.. in most cases... your comments in my view indicated that the practice was wrong and i disagree with you.

a little about texas.... can't speak of other states, this may happen to you in other states, if it does i feel that u owe it to your clients to opperate like i do it... this is just my view.

Texas has more health insurance companies fighting for business than EVER b4... we also get 20-50% rate increases on renewal clients, most times, not all the time. when u run the family back through the quoting software u find that for the same coverage u can write a policy for about the same as the year b4... so here is the situation... client has xyz and was paying 450 a month, got increase after 1 year to 600... shop the biz and find that abc company is 460.... client has no new health problems and we have credibilty coverage here so .. boom, money savings endevor.

if u dont allow the client to know this and give them the chance to move... someone else will

Agreed... The only time making a move would not make sense is when there are health issues. You can still move part of the family and save them money even if a couple have health problems...

[RTD19701]

The opportunity allows me to move up to a 25% commision after I become a GA. Requirements to become a GA is 100k in earned premium. Sound reasonable?

Also, how many carriers do you recommend to have at any one time?

[Peelerinsurance.com]

that sounds like assurant.... if so, their rates suck a big one. product can't be sold in this state... and from what i understand not in many others... unless u jam the wrong start... i mean right start

i am appointed with pert near everyone... i think u need them all... if u want to be able to tell a client u are a broker and not lie about it.... a broker searches all the options a salesman sell his only plan... we have enough salesmen in this business

[moonlightandmargaritas]

Originally Posted by robliano

You can't roll them every year or every renewal, that's a disservice to the cli