How Long Does It Take to Truly Make a Profit at FE?

SportsNut · 07-09-2009, 06:54 AM

Originally Posted by 5pill

everthang's free? Sheeeedawwgeee! I want me sum of that!

If you can do 130%
Non captive
9 and 12 month comission options, plus 8.5 % for 10 yrs. plus 3% for the life of the policy
Immediate issue, issue everybody (even alzheimers and oxygen)
Fast pay.... on or before issue
Chgbacks deferred to residuals
Direct pay with full comission
AND
4K free mailers for me a mo.?

[COLOR=red]well then, PM this homey[/COLOR]...we'll make some MONEY!

Hmmmm. "PM this homey" is the new marketing (lingo) strategy for IMO's now. I have heard that this is an ever changing business; guess so.

Suggestion for the Agency name: "Hip Mo-Fo Surance" OR "We be BAD Sellin B*tches"

scottishX · 07-19-2009, 07:21 PM

omg!

Originally Posted by SportsNut

Hmmmm. "PM this homey" is the new marketing (lingo) strategy for IMO's now. I have heard that this is an ever changing business; guess so.

Suggestion for the Agency name: "Hip Mo-Fo Surance" OR "We be BAD Sellin B*tches"

antoncipri · 08-09-2009, 10:29 AM

This thread seems to have it all!
Love, hate, jealousy, envy, greed, ego...
I had to read it twice!
I didn't learn much about Final Expense but plenty about human nature.
Please keep posting!

SportsNut · 08-09-2009, 02:26 PM

Originally Posted by antoncipri

This thread seems to have it all!
Love, hate, jealousy, envy, greed, ego...
I had to read it twice!
I didn't learn much about Final Expense but plenty about human nature.
Please keep posting!

Dr. Phil sells insurance...?

jmhopkins40 · 08-09-2009, 04:41 PM

Originally Posted by MortgageLife

Like anything else, it's important to understand the numbers behind your business. Only YOU will know what your specific numbers are. Knowing your costs, understanding when and how often you get paid, (including renewals) will keep you from drifting out of reality.
In the FE business, you need to calculate for charge-backs. Check with your marketing company about the overall cancellation and lapse rate until you can calculate your own through experience.

Be a good insurance agent! Best tip I can give you: OWN A FE POLICY. Have it in your briefcase, and show it to them.

One last word of advice. ALWAYS have a back-up plan, meaning contracts through another marketing company and another lead source. You are in the honeymoon period, in this business, it always pays to be thinking a step or two ahead. Nothing ever stays the same. Don't get caught without the ability to walk-away and continue as an independent agent.

Yea...multiple products and carriers... I like the script

stormtracker · 08-09-2009, 06:29 PM

Monty Python addressed all these issues in "The Meaning of Life."