Thanks so much for the information. Very helpful.
I can't remember if she used the term broker but based upon your description, I believe she is an independent contractor. Because I did ask her today if there were any restrictions as to selling and she said No, because we are independent. She did say pretty much what you said in that they are a marketing company and you buy the leads. I questioned her as to whether these leads are sold to more than one person and she says No. that you buy the lead and you have it for 5 weeks exclusively. She says the leads can be as high as $24 per lead but that she normally sticks with $2 leads and has done fine with them. I am a skeptic by nature I guess, just because I don't feel I know enough details to know if I have asked the right questions. The starting percentage is 55% until the first $5k is written, then you move to 60% and can go as high as 110% based upon sales. One question I asked was once you move up in the percentage, do you ever get booted back down (like for not selling enough). She says No. I asked if they charge for training (webinars, DVDs, teleconferences, etc) She says No. I asked if there was a joining fee. She says No. We do have to pay to get our license and we will have to pay for training for continuing education.
It sounds really good and I guess the worst that could happen is that I end up with an insurance license that I paid for.
But I feel it is a good service to provide. My husband and I tried applying for life insurance on him a couple of years ago. They sent someone out for the bloodwork and such and we got turned down because they determined he was diabetic. We didn't know of course until then. but they just said No and didn't offer any alternatives. I just assumed nobody would write a policy and I have been living in fear that something would happen to him. When I found out there was a company that would write it and pretty reasonably, I was excited. Obviously, we are probably paying more than someone who doesn't have that health issue but it isn't unreasonable. I am sure there are more people out there like me who need a service like this and I would be proud to help them. So that is my motivation. Of course, I want to make money as well but not if I can't be proud of what I am offering.
Any more advice that you can give is welcome.
Thanks again for your help!
Leanne
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