Advanced Commission on Own Policy?

ING still advances on your own policy. In the past most companies did but many have stopped. Groups like NAA would encourage their new "agent" to do it and use the funds to buy leads. I'm sure they are a reason why insurance companies are stopping.

Years ago when the wife and I were fighting a lot I took out a policy on her with Foresters and they paid the advance but now they only go as earned. (just kidding about the fighting part)
 
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Thats funny you mention NAA and ING in the same sentence on this topic, ING is one of their main companies.


ING still advances on your own policy. In the past most companies did but many have stopped. Groups like NAA would encourage their new "agent" to do it and use the funds to buy leads. I'm sure they are the reason why insurance companies are stopped.

Years ago when the wife and I were fighting a lot I took out a policy on her with Foresters and they paid the advance but now they only go as earned. (just kidding about the fighting part)
 
Received advances on all policy's I have written on mine and wife's policy's....
I would love to know those companies. I have written 3 policies on my family with two different companies and it was paid only as earned. That is ok now as most of my commissions are paid as earned, not advanced. I do not like the advance system, though it may be needed early on when you go independent. Possibly you could name those companies that advance for the newbys.
 
I would love to know those companies. I have written 3 policies on my family with two different companies and it was paid only as earned. That is ok now as most of my commissions are paid as earned, not advanced. I do not like the advance system, though it may be needed early on when you go independent. Possibly you could name those companies that advance for the newbys.

AFLAC will advance you 63% of your first year commission on life policies sold to yourself. Better than paid as earned. Not recommended because you could find much lower premiums elsewhere.
 

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