Agents will end up getting screwed and will be forced to work for next to nothing and forced out of the business. Anyone who has put a decent sized group together knows how much work it is to enroll everyone and submit all the proper paperwork. When the company cuts the commission to satisfy these onerous rules, we will throw up our hands and sell something else. Let the companies and Obama figure out what to do with these applicants.
If you are appointed by the company to sell it, you receive a commission on a monthly statement. I know of no contracts where the agent receives a broker/consultant fee for services. Sure glad my book on Health is a very small percent of my writings.
Hopefully if commission margins are squeezed enough, and brokers stop selling health insurance because it is no longer profitable, we can move toward a universal, one-payer system that everyone is enrolled in like every other industrialized nation on the globe.
Do you mean like Greece, Portugal, Spain, France, UK, Ireland? The last time I checked, they were all either bankrupt or were asking for the IMF to bail them out for their entitlement excesses.
Agents will end up getting screwed and will be forced to work for next to nothing and forced out of the business. Anyone who has put a decent sized group together knows how much work it is to enroll everyone and submit all the proper paperwork. When the company cuts the commission to satisfy these onerous rules, we will throw up our hands and sell something else. Let the companies and Obama figure out what to do with these applicants.
Just a question as I do not work in the Life & Health field. Are you able to charge a broker fee/consultant fee in lieu of receiving commission?
If you are appointed by the company to sell it, you receive a commission on a monthly statement. I know of no contracts where the agent receives a broker/consultant fee for services. Sure glad my book on Health is a very small percent of my writings.
Hopefully if commission margins are squeezed enough, and brokers stop selling health insurance because it is no longer profitable, we can move toward a universal, one-payer system that everyone is enrolled in like every other industrialized nation on the globe.
Do you mean like Greece, Portugal, Spain, France, UK, Ireland? The last time I checked, they were all either bankrupt or were asking for the IMF to bail them out for their entitlement excesses.