| NEW! Life Quotes Outside Agent Program for Independent Agents |
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- Earn 30% of the net commission received working our leads and writing term life applications as an independent agent paid on a 1099 basis.
- Example: Sell 2 policies per day you'll make $10,720 per month or $128,640 per year.
- Above example does not include the $23 per hour talk time pay for the first two
months or the $50 per application submitted to the life insurance company as long as you are an agent with us!
- The ultimate in convenience and family-friendly flexibility: Sell from your own home or office, work the days and hours of your choice.
- Our #1-rated, 30-company quote system makes it easy to make sales even when health histories exist.
- No Cost to Join! All training and setup is FREE!
- No lead costs to you! All leads come from our website visitors and inbound phone calls.
- Plus, you get a dedicated Sales Manager here ongoing to assist you with advice and assistance from us whenever you need it.
- We do all of the case management work for you, which means that you stay paperless at all times!
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Why are you contracting with independent outside agents to write life insurance applications on your own leads?
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We are experiencing increased growth in leads and using independents who know how to sell is
a faster way for us to meet and handle this demand than hiring more inside sales reps. Second,
we want phone coverage on our network during nights & weekends when our in-house agents
are not here.
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So I can work from home and work the days and hours of my choice? And there’s no cost to join?
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Correct! You can choose to work the days and hours of your choice provided you work a
minimum of 20 hours per week and produce no less than 7 new applications per week. There
is no cost to join, but you will have to take and pass a battery of sales aptitude tests that
normally take about 3 hours. Initial training takes about 12 hours and is also free.
But as an independent agent, you will have some start-up expenses of your own. For example,
we require that you have in place and maintain life licenses in 10 states BEFORE we will
schedule you for initial training. This is an investment in you and will run about $1000 in total
costs. We also require that you obtain and maintain $1 million of insurance agent’s errors and
omissions insurance which costs $500. Visit sircon.com or
nipr.com to apply for multiple state licenses at once.
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How much money can I make doing this?
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Assuming that you are licensed in 10 states or more and that you are good at script-reading
and sales and that you elect to work a full-time schedule, you can make anywhere from
$54,000 - $98,000 per year under this program.
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So under this program I will be working your leads according to your scripts and
procedures on recorded calls. Is that right?
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That’s correct. Under this program you will be working our leads using our scripts and
procedures on recorded calls. At no time can you offer or cause to be offered any product or
service to these leads and all commissions to you stop immediately if your membership is
canceled for any reason. Again, ownership of these leads rests with our partners and us and
never reverts or is transferred to you. The pace here is very fast and our quality control
measures, including call recording and call grading, are very tight, so this program is not for everybody.
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How does the talk-time and commission-sharing payment plans work?
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Remember, you will be earning two payout components under this plan. Subject to certain
defined minimum performance levels, we pay you $23 per hour of actual talk-time and 30% of
the bonus eligible commission received. Billable talk time is when you are talking to a prospect
or customer. Talk-time payments will be paid at a maximum of 2 hours per 1 application
written. The talk time payments are there so that you can start making money with us right
away at time of launch! You must have 80% of your written applications actually submitted in
order to receive talk time payments. Additionally, you will earn a 30% payout of our bonus
eligible commission received on paid policies of your making so long as you are active with us.
If you resign or get terminated for any reason, all payments cease as of your termination date.
There is no vesting of commissions to you because the leads are all owned by us and our
partners and affiliates, so keep in mind that under this program, you are working and selling
our leads using our scripts and procedures and that no lead or account ownership will ever
accrue to you under this program. See actual contract for more details and make certain that
you thoroughly read the Agreement before you sign up or apply.
By compensating new agents for talk-time up front as earned, we hope to make the transition
into our program a little easier for everyone.
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Who owns the leads that I’ll be working?
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The Agreement between us specifies that all leads and customer lists that you come into
contact with under this program shall remain the sole property of Life Quotes, Inc. and that you
agree to never directly or indirectly solicit or cause to be solicited by others for any other
product or service of any kind at any time. So under this program, understand that you will be
working our leads, using our scripts and procedures and recorded calls that are graded. It’s a
very fast-paced, call center kind of operation. It is nothing like selling insurance face-to-face.
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Where can I see a copy of the Life Quotes OutsideAgent commission payouts schedule?
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Our master commission schedule is contained within this packet and are always available to you online in real-time.
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How many fresh life leads per day are you now generating as a firm?
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Approximately 600-1,000 at present pace depending upon the day of the week. We currently
have 10 in-house agents and about 100 outside agents that are working with us.
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How long does it take to write a life application on the Life Quotes system?
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About 25 minutes per applicant and we require that you talk directly to the applicant when you write an application.
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So Life Quotes’ personnel will do all of the case management chores and follow-up
for me once the submission is made? After I write an application and enter it in the
system, what are my responsibilities? Will I be notified if a submission is stalled for
any reason?
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Yes! You remain paperless and focused on sales because we’ll do all of the case management
for you. All updates to the customer (at least weekly) are sent in your name (with your phone
number shown) and we’ll also send a cc to you so that you are kept abreast of any declines,
rate-ups or normal progress reports.
Once you write an application and set a paramed date, time and place that’s convenient to the
applicant, you’ll then call the applicant again 72 hrs. before the paramed exam so that you can
reconnect with the customer and re-confirm the paramed.
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In this model, do I really stay paperless at all times?
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Yes! In our model, the application that you enter online is then electronically transmitted via
E-mail directly to the customer. The customer can then print it out and have it signed and
dated. Your responsibility is to use our scripts and procedures, to give advice that’s compatible
with our business model, to write complete applications and to make the required 72 hr. phone
call before the set paramed date to remind our customer of the upcoming appointment. None
of this involves the printing of any paper at your end and all information that you will need or
want will be always ready for you at any time in real-time on your Life Quotes Dashboard.
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As an Outside Agent, will I become appointed with each of the Life Quotes companies?
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Yes, appointment paperwork must be completed for each carrier and we’ll help with that. We’ll
start with our top 5 carriers first and any carriers that require pre-appointments in the state
you reside in or are licensed in. This will ensure that you are approved to sell their products
prior to submitting business to them. From there, we’ll get you appointed as applications are
written.
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Will you give me free training to get started?
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Absolutely! All Life Quotes Outside Agents are required to attend 12 hours of training prior to
getting started over a three-day period and you must pass a 90-minute final exam before you can start.
Also, during your first week, you’ll be call grading actual calls completed by our agents. This is
a great way to learn our scripts and procedures and is a very important step in our training
process. Want even more good news? We’ll pay you 10 per hour while completing the call
grading. Agents are still held to the 20-hour per week minimum while participating in call grading.
Consider it a positive that we’ve sold 275,000 life policies using this system in recent years.
This tells you that the system works and that it was designed completely from the ground up
from the agent and broker’s perspective. Our quote engine is awesome in that it quotes 30
leading companies and can handle up to 35 common illnesses.
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I’ve never sold term life insurance before. Should I pursue this opportunity with you?
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Honestly, no. This program is designed only for experienced term life agents and brokers. We
do not have the training resources to teach you the life insurance business under this program,
nor can we risk wasting any new leads under this program. We only recommend this system
for people who have experience selling life insurance. In this fast-paced environment, we’ve
set as a goal the writing of 4 applications per day for our agents, so keep in mind that the pace
is very fast and not suitable for everybody.
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I’m already appointed with or under other GA’s or MGA’s.
Will working with you affect those appointments?
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You’ll have to check with each company home office regarding their own rules on appointments
and hierarchies as each company has different rules regarding this. If you are a high volume
producer and you have outside life business that you could move, call our CEO Robert Bland at
1-800-556-9393, ext. 101 to discuss how we might work together to increase your compensation.
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When I log into your phone system, will I be handling outbound or inbound calls?
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Both. Under our system, you will be trained on how to handle both inbound and outbound
calls. While on our system, all the calls you make and receive will be billed to Life Quotes, Inc.
and not yourself. In addition, while on our system you will appear to the customers to be
calling from Life Quotes, Inc.
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Are there any ongoing minimum performance requirements that I must meet under this program?
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Yes, there are several. See Agreement for details.
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As an appointed Outside Agent, will I have an e-mail and voice mail account at Life Quotes?
What about other sales support?
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Yes. You’ll have the same tools, access to management and trainers that we give to our inhouse
agents. On Thursdays we conduct continuing sales, education and system training to our
in-house agents for 1-2 hours and you are always invited to dial in to listen, ask questions and
participate in those sessions. Also, each sales team has a daily call-in Q&A session where
questions can get asked and answered. Additionally, your Sales Team Leader can and will
provide one-on-one training and support whenever needed or asked for.
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Will I be working unique leads or leads that have been sold multiple times?
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No!! Our leads are all 100% unique and exclusive to us via our own website or from our
business partners, which include the largest direct-to-consumer auto insurer. Generally
speaking, we do not buy multiple-sold leads. Our leads are also very highly detailed (please
visit www.lifequotes.com
and click into our main life quote request form and study it). And as
every experienced life agent knows, unique leads are the most expensive. In the last ten years,
we’ve spend $105 million acquiring 3.2 million high quality life insurance leads, of which
275,000 of them having bought a policy from us!
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As an Outside Agent, will I be required to adhere to your scripts and procedures on
all calls and e-mails to prospects and customers?
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Yes. We have a very precise business model that all of our agents must follow at all times on
recorded phone lines with all calls being graded by our quality control unit. It’s this kind of
detail and consistency that has led to our success and we only want to contract with people
who know, understand, appreciate and respect our model.
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Could I fly to Chicago at my own expense and spend some time in your Darien
headquarters to work in your call center to see and hear how your high volume
agents actually work their leads?
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Sure! Just give Nathan Taylor (ext. 204) advance notice of the days you’ll be here and we’ll
welcome you with open arms. Many of our in-house agents write 75 or more applications per
month and we’ll be happy to have you meet and sit with them to see how they do it.
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How long does it take to get started?
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The current application and acceptance and training process takes about 2 weeks.
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What kind of computer setup must I have?
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- Must have Windows XP or Windows 7.
- Must use Internet Explorer version 7 or 8.
- Have at least 2 GB of RAM for Windows XP, 4GB for Windows 7.
- We do not support Apple computers.
- No wireless Internet, phones or VOIPs.
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Can I use my cell phone to login to your phone system?
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No. Wireless systems are not allowed at any time on our system due to poor line quality and frequency of dropped calls.
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Can my employees work these leads, too?
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No. Only duly authorized, trained, licensed and appointed agents with $1 million of E&O
insurance under their own name can work our leads.
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