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Final Expense For You

Leave memories, not bills for Final Expenses
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FAQs

Do I need to be currently licensed or have experience in Final Expense Insurance?

We are looking for people who are currently or previously licensed in life insurance. One-stop close experience is preferred.

How much can I expect to make my first year?

If you follow our process and system, along with your own style, you could expect to make between $75,000 to $100,000, after lead cost and chargebacks (policies that fall off the books in the first year). Some agents make more, some make less. How much you make is dependent on how much effort and time you are willing to put in.

How much can I expect to make my second year?

Following our process and system, along with your own style, you could expect to make $100,000 to $125,000 in your second year. In your third year and beyond, you could make $200,000+.

All of this after lead cost and chargebacks (policies that fall off the books in the first year), how much you make is dependent on how much effort and time you are willing to put in.

What contract do I start on?

Depending upon your experience, 110% to 125%.

Are there Lifetime Renewals?

Yes.

What is the renewal structure and how does the commission/compensation work?

This is an average, depending on contract level and companies; some are more, some are less.

  • Renewals for 2-5 years are 6%-9%
  • Renewals for 6 -10 years are four percent 4%-7%
  • Renewals for 11+ years .25%-1%

Commission maximum 75% advance, all products, and all companies.

Commissions/Compensation assumes that the policy stays in force. A lapsed or canceled policy will no longer pay commissions.

How many days/hours per week do I need to work?

How successful do you want to be? Some people starting a new business work seven (7) days a week/80 hours per week.

Generally speaking, 4-6 days a week, 40-60 hours per week.

It's your business. You work it as you need to.

How many applications can I write a day?

You can write as many applications as you want. On average, 200-400+ applications per year/6-10+ a week/2-3 a day.

How can I earn a higher contract (commission raise)?

This is based on your production and persistency.

Are there management opportunities?

Yes, manager opportunities are immediate for PROVEN managing agents.

How often do I get paid?

Commissions are paid daily, upon receipt of the faxed copy of the current check or postdated draft.

What is the average monthly premium?

The average monthly premium is $45.

What are the policy face amounts?

The policy face amounts are $2,500 to $35,000, with the average being $5,000 to $10,000. In Washington, the minimum face amount is $5,000.

What is the companies' underwriting like?

Very Simplified...98% of all applications submitted become a policy. The companies are committed to pay the agent and issue the policy.

Is this opportunity a MLM (multi-level marketing)?

Absolutely not...there are many general agents that have greater incomes than some managers. Every new agent/existing agent has the opportunity to earn $75,000 to $100,000 the first year.

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