Controlled business question

[Shakray]

Hello,

If you are just starting out, which carriers pay advanced commission if you are writing a policy on yourself, wife, kids, father and mother in law? I heard Mutual of Omaha does, I know in the last a lot of agents did shady stuff and now most do as earned for controlled. But any insight on which carriers do would be appreciated

 

[FinalExpenseDojo.com]

Why do you want to get an advance on controlled business?

You aren't ready to get into this industry if you are only writing family to get an advance.

 

[goillini52]

Hello,

If you are just starting out, which carriers pay advanced commission if you are writing a policy on yourself, wife, kids, father and mother in law? I heard Mutual of Omaha does, I know in the last a lot of agents did shady stuff and now most do as earned for controlled. But any insight on which carriers do would be appreciated

You might want to check out Walmart.

 

[Shakray]

Bunch of rookie answers. I'm not only writing family I have other business

 

[goillini52]

Bunch of rookie answers. I'm not only writing family I have other business

Hey Shak, that was a broke rookie question. The 1st words out of your rookie mouth were what companies will advance you on business you write on yourself, wife, kids, father and mother in law?

 

[scagnt83]

If you do Annual Premiums they all advance

 

[jboussea]

slightly off topic.. but another agent told me it's frowned upon to write business on yourself... is that true?

 

[WinoBlues]

slightly off topic.. but another agent told me it's frowned upon to write business on yourself... is that true?

If it is, it is with your upline. They would be the problem. Now, that assumes you need the insurance, can pay for the insurance and do not ask for advance. I have written myself and family for many years.

Now, if you have an upline that is telling you to write your family or worse yet, they are writing you and your family. Run! Then lapse all of the policies on them.

 

[somarco]

If you do Annual Premiums they all advance

Monthly premiums advance every 30 days.

 

[Shakray]

Monthly premiums advance every 30 days.

So I heard if you write policies on family and friends not yourself after the first premium is paid they advance the commission? Which carriers pay advanced I heard Mutual of Omaha any others ?