On Efinancial you said on the medical term the starting commissions were listed and at certain percents Efinancial bumps you up. What are the increases for each level or just what are the average of the increases?
You also stated they don't have a virtual agent on their non-med products, so you can't do business with them if you are in a different state?
I am new to the business so I am just trying to figure things out on what is out there.
I'm not sure of the exact percentages. I'm assuming about 5% each time.
You don't need the virtual agent on the non med products because the non med application is submitted directly on the carriers website. The virtual agent is for the applications that require a medical exam, to have someone else scrub your paperwork to make sure it's right, order your paramed exam, submit everything to new business, follow up with the underwriter and any new requirements, mail the application for signature if needed, follow up phone and emails, etc. On a non med product you don't have all that. Some are instant issue. Others take 2 to 3 days or so to issue. Not much follow up. You can do business with them in any state you hold a license in.
You may want to talk to Efinancial and also talk to some of the other agents that are using the Automated Life Insurance Sales System ALISS from Efinancial, but have their contracts with another marketing organization. It's always best to check out all of your options and see what fits best for you.
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