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Hi, new to this board, wish I found this forum when I was still a agent. If I had I ...


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Old 07-09-2007, 02:30 PM   #1
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Hi, new to this board, wish I found this forum when I was still a agent.
If I had I wouldn't have gone with Aflac. ughh

Now you understand the title, I have left the business after a very horrible year with Aflac, as many of you know chargebacks with Aflac is unavoidable, I owe them over $700 (almost half of what i made working for them) some time goes by and I get a letter saying they will turn it over to their legal department(boo-hoo) if I don't pay, my question is, what will happen if I don't pay? sue me? ruin my credit? harrass me?

After racking up over $6000 in personal debt working for them (I know I know) and turning over alot of leads to another agent who opened a couple accounts that I was working on for a good part of a year. Paying Aflac back for the few commissions I made makes me sick.


Any advice?

Thanks,


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Old 07-09-2007, 02:48 PM   #2
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Will they ruin your life? No.

Will you feel better if you at least make arrangements to pay it back over time? I bet you will.


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Old 07-09-2007, 02:49 PM   #3
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Owing a delinquent debt to an insurance company can prevent you from becoming appointed with other carriers.

It can also affect your E&O premiums, and open you up to sanctions from your state's DOI.


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Old 07-09-2007, 02:57 PM   #4
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I'v never left a dept unpaid this one just happens to get me worked up and feels unjustified.

I have no plans on ever doing insurance sales again and never got E&O, now the issue with the state DOI doesnt sound fun.


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Old 07-09-2007, 03:20 PM   #5
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STIBROKER@AUSTIN.RR.COM on Don't pay chargebacks - what can happen? - Insurance Agent Forum
 
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would not worry about the DOI....but you need to address it....FIRST LINE OF DEFENSE....write them a letter and send it certified that your records do not match theirs and you will need a detailed accounting of clients this money was derived from and what dates it was paid to you as well as start dates and end dates of these clients and if they are still paying each month as well as will if your account will pay out over time.....

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I'v never left a dept unpaid this one just happens to get me worked up and feels unjustified.

I have no plans on ever doing insurance sales again and never got E&O, now the issue with the state DOI doesnt sound fun.


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Old 07-09-2007, 03:26 PM   #6
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Most likely they'll send you a few warning letters, then refer the account to collections. You might not like the phone ringing at 8am.


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Old 07-09-2007, 03:26 PM   #7
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Quote:
Paying Aflac back for the few commissions I made makes me sick.
They gave you an advance against commission. The only commission you 'earned' was for the prems the clients actually paid! You owe the money.

It's no different than if you worked flipping burgers and your friend gave you $700 until you got your next pay check... but you got fired (or quit). You still owe him the money.

It's only $700. Pay it and chalk the whole insurance thing up to experience. You are wiser now than you were before.

Try to remember: "Good judgement comes from the experience of bad judgement!"

Good luck to you.

Al


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Old 07-09-2007, 03:31 PM   #8
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I wouldn't risk the credit hit for $700.


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Old 07-09-2007, 03:42 PM   #9
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STIBROKER@AUSTIN.RR.COM on Don't pay chargebacks - what can happen? - Insurance Agent Forum
 
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but what if his account would pay out....

Quote:
Originally Posted by al3 View Post
They gave you an advance against commission. The only commission you 'earned' was for the prems the clients actually paid! You owe the money.

It's no different than if you worked flipping burgers and your friend gave you $700 until you got your next pay check... but you got fired (or quit). You still owe him the money.

It's only $700. Pay it and chalk the whole insurance thing up to experience. You are wiser now than you were before.

Try to remember: "Good judgement comes from the experience of bad judgement!"

Good luck to you.

Al


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Old 07-09-2007, 04:14 PM   #10
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My account would pay out one of my debts. The company didn't see it that way though. They took me to small claims. It was for $250


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Old 07-09-2007, 04:32 PM   #11
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Originally Posted by john_petrowski View Post
I wouldn't risk the credit hit for $700.
It's my understand that they can not hit your credit, but instead would report you to Vector--a database of insurance producer debtors. This may make it difficult for you to get other appointments and/or E&O.


 

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Old 07-09-2007, 09:38 PM   #12
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Pay them all in pennies.


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Old 07-10-2007, 12:34 AM   #13
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Quote:
Originally Posted by Lynx View Post
Hi, new to this board, wish I found this forum when I was still a agent.
If I had I wouldn't have gone with Aflac. ughh

Now you understand the title, I have left the business after a very horrible year with Aflac, as many of you know chargebacks with Aflac is unavoidable, I owe them over $700 (almost half of what i made working for them) some time goes by and I get a letter saying they will turn it over to their legal department(boo-hoo) if I don't pay, my question is, what will happen if I don't pay? sue me? ruin my credit? harrass me?

After racking up over $6000 in personal debt working for them (I know I know) and turning over alot of leads to another agent who opened a couple accounts that I was working on for a good part of a year. Paying Aflac back for the few commissions I made makes me sick.


Any advice?

Thanks,
I'm currently going through the same situation. I owe AFLAC some where around $750.00-$800.00. Cant stand the thought of owing those losers money. I feel like I was scammed when I started with AFLAC. Lots of lies and deception from my Manager.


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Old 07-10-2007, 12:44 AM   #14
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I went through a couple DSC's, my district was pathetic, no good trainers, no one to help, only to say "Just keep going out there!" wow thanks a bunch! no heres a small old account, take care of em, ect. ect. I only saw the old timers making the money, all the people from my training class are gone like me. my DSC or RSC has NEVER called me in over a year. never even to ask if I was still working with Aflac. hah

Funny, I just got the lawyer letter today, I think I'll make arrangements to do small payments.


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Old 07-10-2007, 01:02 AM   #15
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Quote:
Originally Posted by Lynx View Post
I went through a couple DSC's, my district was pathetic, no good trainers, no one to help, only to say "Just keep going out there!" wow thanks a bunch! no heres a small old account, take care of em, ect. ect. I only saw the old timers making the money, all the people from my training class are gone like me. my DSC or RSC has NEVER called me in over a year. never even to ask if I was still working with Aflac. hah
Hmmm. I write for Colonial Supplemental and while they have their management faults (like not doing any advertising vs. Aflac) they have good management here, and excellent training. My manager helped me close a 30-life group which we enroll tomorrow and is taking no part of MY commission (he gets an override... which is fine with me.) If you like the work-sup market you might check out Colonial in your area. Disclaimer: I am appointed with them but other than that I receive nothing for recommending them to anyone here (and in fact they would probably rather I not!) I just like the company because they have been very straight with me.

Al


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Old 07-10-2007, 01:48 AM   #16
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2112Greg on Don't pay chargebacks - what can happen? - Insurance Agent Forum
 
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Quote:
Originally Posted by Bob_The_Insurance_Guy View Post
Pay them all in pennies.
Actually, you can write a check on anything you like. It's legal. I suggest a bowling ball. boat anchor or solid-core door. Those seem to send the most effective message...



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Old 07-10-2007, 01:59 AM   #17
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maybe a dead duck?



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Actually, you can write a check on anything you like. It's legal. I suggest a bowling ball. boat anchor or solid-core door. Those seem to send the most effective message...



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