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Reply to Mortgage Protection Insurance by Phone??     
Old 05-09-2009, 05:43 PM   #1
Super Genius
 
Join Date: Mar 2009
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State: tesflex is an Insurance Agent from Hawaii
Mortgage Protection Insurance by Phone?? Mortgage Protection Insurance by Phone??
Anyone know anything about this or tried it?

Worksmartermortgageprotection dot com


I think this system is now being used by the Equita program to sell mortgage protection over the phone.


Main carrier - Mutual of Omaha.

Seems interesting but almost too good to be true and I can not find any details on this anywhere except this website and a few videos on youtube:

Sgbinsuranceagency dot com

I know there are a lot of very experienced people on this forum. Would be interested in your thoughts.
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  Reply With Quote to Mortgage Protection Insurance by Phone??
Old 05-09-2009, 05:47 PM   #2
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nka245 on Mortgage Protection Insurance by Phone??
 
Join Date: Jan 2009
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State: nka245 is an Insurance Agent from Texas
Mortgage Protection Insurance by Phone?? Re: Mortgage Protection Insurance by Phone??
Mutual of Omaha requires in person appointments with the client for their non-med product except for with one IMO because they have a "defined source" for their client base. I asked two different people at MOO about the phone sales within the last week. From what I gather the only place allowed to do phone sales for the non med is a place that targets people from the church of god in christ.

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Louise Jackson-Marquez
Jackson Financial
direct: 214-927-6546
  Reply With Quote to Mortgage Protection Insurance by Phone??
Old 05-09-2009, 07:09 PM   #3
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GreenSky on Mortgage Protection Insurance by Phone??
 
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Mortgage Protection Insurance by Phone?? Re: Mortgage Protection Insurance by Phone??
Originally Posted by nka245 View Post
Mutual of Omaha requires in person appointments with the client for their non-med product except for with one IMO because they have a "defined source" for their client base. I asked two different people at MOO about the phone sales within the last week. From what I gather the only place allowed to do phone sales for the non med is a place that targets people from the church of god in christ.
That's because christians (at least from that church) wouldn't ever lie.

Rick
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  Reply With Quote to Mortgage Protection Insurance by Phone??
Old 05-09-2009, 09:03 PM   #4
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brkrsrevolution on Mortgage Protection Insurance by Phone??
 
Join Date: May 2009
Posts:141
State: brkrsrevolution is an Insurance Agent from Ohio
Mortgage Protection Insurance by Phone?? Re: Mortgage Protection Insurance by Phone??
I sat in on a webinar with these guys just a few nights ago. Lamar Skipper headed it up and the concept they are using actually looks pretty good but their comp structure is way too low and their fees for their lead program are way too high! They want $495 per month and only pay like 60% contract but state you can move up your contract to a higher level based on production their scale tops out at 100%, to get to a 100% contract you need to be doing $200,000 monthly for 3 straight months of issued business. I told them no thanks and am currently looking at a few other options for Mortgage Protection Tele Sales, I will let you know what I find.

**********************************************
50% of all people are below average

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Matt McCray
Final Expense Training for Agents online 24/7

www.FEXSuccess.com
  Reply With Quote to Mortgage Protection Insurance by Phone??
Old 05-09-2009, 09:17 PM   #5
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Mortgage Protection Insurance by Phone?? Re: Mortgage Protection Insurance by Phone??
I did it by phone for a couple of years and did well until the leads started drying up then all the deals got adjusted. Still can be done but ROI shrinks, gotta have a big data base.
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  Reply With Quote to Mortgage Protection Insurance by Phone??
Old 05-09-2009, 09:43 PM   #6
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rbrewer on Mortgage Protection Insurance by Phone??
 
Join Date: Jan 2009
Posts:246
State: rbrewer is an Insurance Agent from Georgia
Mortgage Protection Insurance by Phone?? Re: Mortgage Protection Insurance by Phone??
Have you looked at S&L Solutions out of Georgia? They sent a flyer to do mort over phone, I don't know anything about them anybody have any info?
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  Reply With Quote to Mortgage Protection Insurance by Phone??
Old 05-09-2009, 09:48 PM   #7
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brkrsrevolution on Mortgage Protection Insurance by Phone??
 
Join Date: May 2009
Posts:141
State: brkrsrevolution is an Insurance Agent from Ohio
Mortgage Protection Insurance by Phone?? Re: Mortgage Protection Insurance by Phone??
never heard of them and just did a quick google search for s & l solutions and came up with nodda. (maybe i didnt look far enough)

did their mailer have a web address on it?
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  Reply With Quote to Mortgage Protection Insurance by Phone??
Old 05-10-2009, 07:13 AM   #8
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rbrewer on Mortgage Protection Insurance by Phone??
 
Join Date: Jan 2009
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State: rbrewer is an Insurance Agent from Georgia
Mortgage Protection Insurance by Phone?? Re: Mortgage Protection Insurance by Phone??
No web address. Here is the what the email said they sent me. Contracts thru F&G Foresters and UHL, have several lead sources including auto dialers. Any questions contact laurie Cooke 678-493-0485 office ad min Shelly Spearman
770-249-2974 email [email protected]. Let me know if you find any info? Thanks
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  Reply With Quote to Mortgage Protection Insurance by Phone??
Old 05-10-2009, 10:54 AM   #9
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nka245 on Mortgage Protection Insurance by Phone??
 
Join Date: Jan 2009
Posts:227
State: nka245 is an Insurance Agent from Texas
Mortgage Protection Insurance by Phone?? Re: Mortgage Protection Insurance by Phone??
I do MP over the phone but NOT with MOO. 60% comp is ridiculous unless they are providing you with QUALITY leads for free. I think most, if not all, free lead programs suck. If you do the math, you are better off paying to generate your own leads and getting a better comp. The problem is most agents don't WORK so they buy leads, don't work them and then cry about being broke.

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Louise Jackson-Marquez
Jackson Financial
direct: 214-927-6546
  Reply With Quote to Mortgage Protection Insurance by Phone??
Old 05-11-2009, 06:57 PM   #10
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rbrewer on Mortgage Protection Insurance by Phone??
 
Join Date: Jan 2009
Posts:246
State: rbrewer is an Insurance Agent from Georgia
Mortgage Protection Insurance by Phone?? Re: Mortgage Protection Insurance by Phone??
I don't even know what the comp is, It does not matter if they are jacks. I was just trying to get some info on them first. Do you know anything about them?

So true about free leads and agents not working the leads. If they don't laydown for them they say the leads suck
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  Reply With Quote to Mortgage Protection Insurance by Phone??
Reply to Mortgage Protection Insurance by Phone?? 

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