Feedback On Companies

Vision · 06-29-2007, 02:29 PM

I'd appreciate hearing any experience or opinions you have of the following companies. Thanks

Golden Rule

Aetna

Assurant

Celtic

Coventry

somarco · 06-29-2007, 02:34 PM

Good

Good

Fair

Poor

Too early to tell (individual)

Vision · 06-29-2007, 02:38 PM

What didn't you like about Assurant? They claim to have a fast processing time period.

somarco · 06-29-2007, 02:45 PM

Carriers can claim anything.

They seem to be quite anal about their underwriting. A clean app can be turned around in 2 - 3 days but almost anyone will do that.

In some areas, particularly in GA, they are not as competitive as other carriers.

I do like their One Deductible with the 3 yr rate guarantee. Can't say much about their other plans. Mostly a "one horse" carrier.

Vision · 06-29-2007, 03:06 PM

Am I wrong or is there no perfect company?

I thought Golden Rule looked good, until I saw they are "as earned." How can anyone live on that?

James · 06-29-2007, 03:19 PM

Quote:

Originally Posted by Vision

Am I wrong or is there no perfect company?

I thought Golden Rule looked good, until I saw they are "as earned." How can anyone live on that?

Ummmm, maybe we need a minimum wage in insurance sales? Lets call it a "Living Commission".

somarco · 06-29-2007, 03:41 PM

There are no perfect companies. You will note I did not rate anyone better than good.

If you are rating carriers according to the way they pay commissions you will not be long in this business.

As earned takes you a few months to ramp up but makes a man (or woman) of you. It works quite well for me and a few others on this board.

If you want commissions quicker, sell life insurance with annual premiums. All my life sales are annual. No monthly premiums, no advance. I do have a handful of quarterly premiums but most are annual.

healthagent · 06-29-2007, 03:47 PM

You can get a Golden Rule advance but have to either find a Key Broker who's willing to advance you or wait until you have 150 health policies on the books in a 12 month period of time and get your own broker contact.

Although you can't sell just based on commissions, you also can't sell just on low commissions. I'm not sure I'd be doing that well just selling Carefirst at $17.50 per app. If some of the best carriers in your state also pay the lowest commissions I'd suggest another line of business.

Vision · 06-29-2007, 03:53 PM

John who are you with?

Expat · 06-29-2007, 03:56 PM

Golden Rule Contracts with Advance
Here's an offer that doesn't come around too often-a Golden Rule contract with an advance.

This is a limited time offer as GR limits the number of sub-brokers under a Key Broker account.

Please email us at healthsolutionsagency@gmail.com for details

This was on the forum maybe it will help

healthagent · 06-29-2007, 03:58 PM

Quote:

Originally Posted by Vision

John who are you with?

Mike Golden.

Vision · 06-29-2007, 04:04 PM

Is that a company?

healthagent · 06-29-2007, 04:06 PM

No he's a Key Broker and willing to advance agents. Golden Rule will not advance agents directly. Instead, the broker is advanced and they in turn have to stroke a check to the agent. Not the liability I want but Mike is willing to offer it.

Vision · 06-29-2007, 04:15 PM

You have mail.

K-Dub · 06-29-2007, 04:21 PM

I knew there was a reason why I don't sell Celtic!! Their rates are too high here anyway!

SCHEDULE OF COMMISSIONS TO SELL THE CELTIC HEALTH PORTFOLIO...

CELTIC PRODUCT COMMISSION SCHEDULE

Celtic Basic - First Year 20% - Renewal 5%
CeltiCare II - First Year 10% - Renewal 10%
CelticSaver HSA - First Year 20% - Renewal 5%

trvlnut · 06-29-2007, 06:37 PM

I just signed on to do GR USPC(United Select Producers Club) and they will give you various things to help with your quoting. If I signed on with a key broker, will my sales show under the key broker or mine?

somarco · 06-29-2007, 06:43 PM

The USPC is independent of any offering from a Key Broker.

There are two ways to work your business.

Either you are completely independent and you own your block.

Or someone owns you and (at least a piece) of your business.

If you want leads, commission advance, marketing assistance then give up your right to own your block and run the risk of being indebted if things don't work out.

There are no free lunches out there. You wont get top commissions, free leads and advances.

Every time you ask someone to subsidize your business you give up something in return.

healthagent · 06-29-2007, 06:49 PM

If you don't own you book you also risk the agency calling your entire block of business at the 12 month mark and flipping them to another company. They grab a new 1st year commission - courtesy of clients you provided to them, you get squat and don't have single place to go an complain.

I do not know anyone who didn't regret simply not going independent. So be honest, you either have what it takes to make it or you don't. No marketing company is gonna make you successful.