Bye Bye Advanced Commissions on Approval with Transamerica

[sirherbie]

Trans must have had some big debit balances with guys coming in writing junk business and taking off. A lot of new agents need advancement on approval for lead expenses. Does Foresters pay on approval or draft?

 

[SPUR CITY]

Trans must have had some big debit balances with guys coming in writing junk business and taking off. A lot of new agents need advancement on approval for lead expenses. Does Foresters pay on approval or draft?

It depends on how you are set up. Can be either

 

[jdeasy]

I just got that email Does that really make a difference to anyone?

 

[Baseball7]

New agents waiting a month to get paid, CAN make a difference. When I can place quality business with Foresters, LBL, etc and get paid days later.

 

[sirherbie]

Yes to a lot of guys. For me I could care less but for new guys I think its very important to get quick cash flows for leads

 

[John Galt]

Yes to a lot of guys. For me I could care less but for new guys I think its very important to get quick cash flows for leads

I kinda agree but if an agent is that strapped that they cant budget over a 30 day period then they will more than likely be out of the business soon anyway.

Ive been paid every 30 days for the last 25 years of being self employed, agents should treat this as a business and not cling to the employee mentality.

 

[Rearden]

Ninety percent of my deadbeat roll-ups have been with Transamerica, partially due to the advance on issue.

Personally I'm glad to see it's gone.

 

[sirherbie]

Doesn't Uh advance on Issue?I think that dc3 funeral hit Boman hard with Trans.

 

[Baseball7]

If they are going to wait this long just pay me when you receive the first premium and prevent that initial issue.

 

[indiana260]

If they are going to wait this long just pay me when you receive the first premium and prevent that initial issue.

I really liked Forethought and they paid 7 days after 1st draft. I believe Equitable does something similar.