Insurance Agent Forum

[GreenSky]

Originally Posted by Frank Stastny

This kind of thinking is totally illogical to me. I have been able to offer contracts above street level for quite a while. I haven't done it up to this point but this kind of thinking has made me decide to begin doing it.

Frank:

Perhaps you should offer contracts to the "masses." You offer the best of added value - you teach agents how to make money.

Rick

[Frank Stastny]

Originally Posted by GreenSky

Frank:

Perhaps you should offer contracts to the "masses." You offer the best of added value - you teach agents how to make money.

Rick

Hurry, hurry, hurry, come one come all, step right up and.....

That is exactly what I have decided to do.

[healthagent]

Unfortunately, you have to mass recruit. There is no way to determine success by interviewing an agent. If you don't mass hire you won't be making much as an agency.

What you WILL be doing is wasting a ton of time training people who have no intention of succeeding.

[Frank Stastny]

Originally Posted by healthagent

Unfortunately, you have to mass recruit. There is no way to determine success by interviewing an agent. If you don't mass hire you won't be making much as an agency.

What you WILL be doing is wasting a ton of time training people who have no intention of succeeding.

You may very well be right. Thanks for your concern.

However, I will not need to do any recruiting. Neither am I planning on getting rich doing it, all I want out of the relationship is one or two points and the opportunity to help them become more successful.

I will, for the most part, be offering contracts to agents who want training. I have over 40 that I have trained in the last several weeks who I believe will contract with me especially if a new company hits the market and I can give them an above street level contract.

This isn't something I first thought of when I woke up this morning. I have been kicking this around for a long time and am fully aware of all of the implications. Hearing stories of agents getting ripped off is what made me decide to move forward with it.

My main focus is not going to be to contract agents. Only to help agents if I can.

Sound idealistic? Maybe. So is training agents the way I am now. I don't see any difference.

[healthagent]

If it's ANYONE who should be hiring it's you Frank.

[Humble Pie]

I do not work with anyone who will not give me a pre-release letter up front. Unfortunately, you quickly realize how many FMO's are not willing to do that. Helped me sort out the good ones from the bad ones.
- - - - - - - - - - - - - - - - - -

This agreement is between (Hereafter “Accepting Marketing Company”) and Taco Stand Agency and (Hereafter “Agent”). Taco Stand Agency. hereby releases the agent from his/her contract with based on the conditions below:

• Whereby, Taco Stand Agency. agrees that as of the date of this agreement, said agent is authorized to transfer to the Accepting Company.

• If the agent at the time of this transfer has an Outstanding Debt with the insurance company, then the debt will also transfer to the Accepting Marketing Company.

All parties signing below agree to a said release, transfer, acceptance and unconditional release of Agent from Taco Stand Agency to Accepting Marketing Company.


Effective date: ____________________
Taco Stand Agency.: ____________________
Print Name: ____________________


Effective date: ____________________
Accepting Marketing Company: ____________________
Print Name: ____________________


Effective date: ____________________
Agent: ____________________
Print Name: ____________________
………………………………………………………………………………………...... .

[Frank Stastny]

Originally Posted by Humble Pie

I do not work with anyone who will not give me a pre-release letter up front. Unfortunately, you quickly realize how many FMO's are not willing to do that. Helped me sort out the good ones from the bad ones.
- - - - - - - - - - - - - - - - - -

This agreement is between (Hereafter “Accepting Marketing Company”) and Taco Stand Agency and (Hereafter “Agent”). Taco Stand Agency. hereby releases the agent from his/her contract with based on the conditions below:

• Whereby, Taco Stand Agency. agrees that as of the date of this agreement, said agent is authorized to transfer to the Accepting Company.

• If the agent at the time of this transfer has an Outstanding Debt with the insurance company, then the debt will also transfer to the Accepting Marketing Company.

All parties signing below agree to a said release, transfer, acceptance and unconditional release of Agent from Taco Stand Agency to Accepting Marketing Company.


Effective date: ____________________
Taco Stand Agency.: ____________________
Print Name: ____________________


Effective date: ____________________
Accepting Marketing Company: ____________________
Print Name: ____________________


Effective date: ____________________
Agent: ____________________
Print Name: ____________________
………………………………………………………………………………………...... .

Where did you get that? It appears to me that any company that would accept an agent with a debit balance should have their head examined or stepped on. That ain't right!

[Humble Pie]

Originally Posted by Frank Stastny

Where did you get that? It appears to me that any company that would accept an agent with a debit balance should have their head examined or stepped on. That ain't right!

It just seems fair that if the agent is intent on leaving his upline:

1. The debt is payed before leaving
Or
2. The new upline assumes responsibility for that agent

If you are transparent in your business model and are intent on growing your business, then a release should be offered to anyone and even upfront. As long as no one owes anything then there is no problem.

Why would you release someone who owes you money and wants to leave in order to stick you with the debt from advances or chargebacks?

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[insuranceexec]

Originally Posted by Humble Pie

It just seems fair that if the agent is intent on leaving his upline:

1. The debt is payed before leaving
Or
2. The new upline assumes responsibility for that agent

If you are transparent in your business model and are intent on growing your business, then a release should be offered to anyone and even upfront. As long as no one owes anything then there is no problem.

Why would you release someone who owes you money and wants to leave in order to stick you with the debt from advances or chargebacks?

</IMG>

With our release the outstanding debt has to either be paid or transferred.

I have yet to see a company take an agent/agency and transfer their debt. It has to be paid first.

With some companies unearned premium, or advances, do not count towards debt, and that is obviously transferred.