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Reply to Seeking a term brokerage partner     
Old 09-08-2017, 05:27 PM   #1
Super Genius
BADTROUT on Seeking a term brokerage partner
 
Join Date: Jun 2010
Posts:53
State: BADTROUT is an Insurance Agent from Colorado
Seeking a term brokerage partner Seeking a term brokerage partner
Long story short. We would sell policies through Pinney Insurance and their website ezlifesales.com for years. Great service and great commission levels for what they did for us. Now they have gone and ruined things by turning what worked well into a web based CRM for life agents at $15 - $99 (used to get rating free) a month so we can develop a sales pipeline etc etc... We don't want that...

What we want is the following.

1. Multiple carrier quote engine
2. Simplified E-Application (beneficiary and demographic information only) so we can submit right when the customer says yes
3. Brokerage partner calls the proposed insured to do application interview
4. Brokerage partner schedules paramed with the insured
5. Brokerage partner electronically delivers policy (no action on our part necessary)
6. Brokerage partner sends weekly updates with outstanding requirements keeping us informed every step of the process
7. Carrier Pays us 75% to 125% commission depending on carrier.

All of the above was provided to us by Pinney Insurance.... SO looking to replace them.... ANy suggestions?

------------------------------------
President/CEO Horizon Agency Systems (2017)
President/CEO DMV Insurance Services (2014)
President/CEO Rocky Mountain West Insurance (2005)

Have or want to build an Independent Agency?
Check Out: https://horizonagency.systems
  Reply With Quote to Seeking a term brokerage partner
Old 09-08-2017, 05:32 PM   #2
Guru
STIBROKER on Seeking a term brokerage partner
 
Join Date: Sep 2006
Posts:9,852
State: STIBROKER is an Insurance Agent from Texas
STIBROKER is a member of 5000 posts Super VIP club
Seeking a term brokerage partner Re: Seeking a term brokerage partner
Yea I am not to keen with this change also.......

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Old 09-08-2017, 06:01 PM   #3
Super Genius
BADTROUT on Seeking a term brokerage partner
 
Join Date: Jun 2010
Posts:53
State: BADTROUT is an Insurance Agent from Colorado
Seeking a term brokerage partner Re: Seeking a term brokerage partner BADTROUT is the thread starter for: Seeking a term brokerage partner

This would also be for a network of agencies.... If it was just me I would suck it up and pay the bill and just use the portion I wanted to...

I'm already looking at 15 accounts with varying numbers of users by the end of the year... Considering they take their cut of the commission (rightfully so for all they do), asking for additional thousands per month is unreasonable. I would rather partner with 4 or 5 good agents and build our own system....
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Old 09-08-2017, 06:53 PM   #4
Super Genius
///MJay on Seeking a term brokerage partner
 
Join Date: Jan 2008
Posts:82
State: ///MJay is an Insurance Agent from Undisclosed Location
Seeking a term brokerage partner Re: Seeking a term brokerage partner
Contact Jeff Root! Or Nic West! I am sure those names are familiar...

They operate DigitalBGA.
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Old 09-08-2017, 08:14 PM   #5
Guru
Mattschmidt on Seeking a term brokerage partner
 
Join Date: Apr 2011
Posts:3,198
State: Mattschmidt is an Insurance Agent from Pennsylvania
Mattschmidt is a member of 1000 posts VIP club
Seeking a term brokerage partner Re: Seeking a term brokerage partner
Originally Posted by BADTROUT View Post
Long story short. We would sell policies through Pinney Insurance and their website ezlifesales.com for years. Great service and great commission levels for what they did for us. Now they have gone and ruined things by turning what worked well into a web based CRM for life agents at $15 - $99 (used to get rating free) a month so we can develop a sales pipeline etc etc... We don't want that...

What we want is the following.

1. Multiple carrier quote engine
2. Simplified E-Application (beneficiary and demographic information only) so we can submit right when the customer says yes
3. Brokerage partner calls the proposed insured to do application interview
4. Brokerage partner schedules paramed with the insured
5. Brokerage partner electronically delivers policy (no action on our part necessary)
6. Brokerage partner sends weekly updates with outstanding requirements keeping us informed every step of the process
7. Carrier Pays us 75% to 125% commission depending on carrier.

All of the above was provided to us by Pinney Insurance.... SO looking to replace them.... ANy suggestions?
So you want a Brokerage partner to do EVERYTHING for you, pay you 125% and they only keep 25% or less of commission?

That's a pretty good deal. When you find this, please tell me where so I can jump aboard

------------------------------------
www.diabeteslifesolutions.com
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Old 09-08-2017, 08:28 PM   #6
Super Genius
ianbroker31 on Seeking a term brokerage partner
 
Join Date: Jun 2012
Posts:52
State: ianbroker31 is an Insurance Agent from California
Seeking a term brokerage partner Re: Seeking a term brokerage partner
How about we throw in a free Company Car as well?
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Old 09-08-2017, 08:38 PM   #7
Guru
WinoBlues on Seeking a term brokerage partner
 
Join Date: Jan 2009
Posts:17,303
State: WinoBlues is an Insurance Agent from Undisclosed Location
WinoBlues is a member of 5000 posts Super VIP club
Seeking a term brokerage partner Re: Seeking a term brokerage partner
Originally Posted by ianbroker31 View Post
How about we throw in a free Company Car as well?
American or foreign?
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Old 09-08-2017, 08:53 PM   #8
Guru
 
Join Date: Feb 2016
Posts:381
State: jboussea is an Insurance Agent from Undisclosed Location
Seeking a term brokerage partner Re: Seeking a term brokerage partner
in all fairness .. he said 75-125%
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Old 09-08-2017, 09:04 PM   #9
Guru
Mattschmidt on Seeking a term brokerage partner
 
Join Date: Apr 2011
Posts:3,198
State: Mattschmidt is an Insurance Agent from Pennsylvania
Mattschmidt is a member of 1000 posts VIP club
Seeking a term brokerage partner Re: Seeking a term brokerage partner
Originally Posted by jboussea View Post
in all fairness .. he said 75-125%
Depending on carrier.....
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Old 09-08-2017, 10:53 PM   #10
Guru
JRoot on Seeking a term brokerage partner
 
Join Date: Jun 2007
Posts:646
State: JRoot is an Insurance Agent from Texas
Seeking a term brokerage partner Re: Seeking a term brokerage partner
I've said it before- Pinney's fatal flaw is believing they're more than a life insurance processing center.

We have something similar to EZlife that you're used to at lifeinsuranceprocessing.com. It's our 1 page online application.


Here's what the ticket looks like
.

We do everything you're asking at DigitalBGA. After a ticket is submitted, we complete the application, schedule and follow up on exams/APS, provide access to a portal to see case status on every ticket submitted and we e-deliver every policy on your behalf. We pay high comp as well.

And it's free, along with other proprietary technology like our field underwriting tool where you can instantly get a range to quote while speaking with someone on the phone along with how non-med carriers look at the risk.

Here's a sample of it in action.

In a sea of BGA's, we're differentiating ourselves by building the technology and resources agents need to grow their business in the digital age - for free.

I'll PM you my contact info if you want to have a conversation and see if we're a good fit.

------------------------------------
The Digital Life Insurance Agent: How to Market Life Insurance Online and Sell Over the Phone - Interested in generating your own leads online and learning to sell over the phone? This book shows you how.

Last edited by JRoot; 09-08-2017 at 11:08 PM.
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