Just left NASB (warning to other future naive noobs)

Dumbledood

Expert
70
So, I'm gonna refrain from using names, as my objective here isn't to publicly scrutinize or humiliate individuals, but more so to hope people new to the business cross paths with this thread and make a more educated decision based off of it. I joined on with NASB not quite a year back, completely new to insurance. I knew nothing about it, or the industry. I met a recruiter who quite frankly made me feel like I was lucky to have such a great opportunity. I was told based off of my positive qualities, I was (possibly) to be coveted for "management" (lol). I was shown no commission schedule, nor told my commission, but through common sense I figured it out quickly after being told the math required to see my commission of sales made. I was told management gets a higher commission (110% or so) to cover management financial risks like chargebacks and stuff, and basically if I worked hard (I quickly inferred that these numbers weren't obtainable on my own pen, so building a team was paramount for hitting these promotions) hopefully I could reach that commission level too. Half the people there are absolutely grinding to hit those "promotions", not knowing (what I also didn't know at the time) that 70% is absurdly low to begin with, and that building a team is required to hit commission levels you should have started out with in the first place. I'm currently in the contracting phase with another IMO (FEX, yea baby ;)) and am looking forward to not getting just 70% of every freaking policy I write. At NASB, there really is a eerie cult like resemblance, a profound, false sense of family and comradery. They do everything to keep you engaged, and oblivious to other possibilities. Partners and upline in your back pocket, how convenient. Anything I think (and I could be wrong) to keep your tunnel vision focused on them. Also, of course, a release isn't possible. I've already talked to the individual who handles the contracting and onboarding activities, and was told I'd have to wait 6 months. I do have I think two chargebacks, so I get it. BUT, the dishonesty, the disingenuousness, quite frankly I don't care if my upline has to cover that. Once again, not to scrutinize individuals, I just care about people being successful, especially new guys like me who took a chance to jump into this industry because they had a vision, only to jump into a MLM structure like NASB. That's all.
 
So, I'm gonna refrain from using names, as my objective here isn't to publicly scrutinize or humiliate individuals, but more so to hope people new to the business cross paths with this thread and make a more educated decision based off of it. I joined on with NASB not quite a year back, completely new to insurance. I knew nothing about it, or the industry. I met a recruiter who quite frankly made me feel like I was lucky to have such a great opportunity. I was told based off of my positive qualities, I was (possibly) to be coveted for "management" (lol). I was shown no commission schedule, nor told my commission, but through common sense I figured it out quickly after being told the math required to see my commission of sales made. I was told management gets a higher commission (110% or so) to cover management financial risks like chargebacks and stuff, and basically if I worked hard (I quickly inferred that these numbers weren't obtainable on my own pen, so building a team was paramount for hitting these promotions) hopefully I could reach that commission level too. Half the people there are absolutely grinding to hit those "promotions", not knowing (what I also didn't know at the time) that 70% is absurdly low to begin with, and that building a team is required to hit commission levels you should have started out with in the first place. I'm currently in the contracting phase with another IMO (FEX, yea baby ;)) and am looking forward to not getting just 70% of every freaking policy I write. At NASB, there really is a eerie cult like resemblance, a profound, false sense of family and comradery. They do everything to keep you engaged, and oblivious to other possibilities. Partners and upline in your back pocket, how convenient. Anything I think (and I could be wrong) to keep your tunnel vision focused on them. Also, of course, a release isn't possible. I've already talked to the individual who handles the contracting and onboarding activities, and was told I'd have to wait 6 months. I do have I think two chargebacks, so I get it. BUT, the dishonesty, the disingenuousness, quite frankly I don't care if my upline has to cover that. Once again, not to scrutinize individuals, I just care about people being successful, especially new guys like me who took a chance to jump into this industry because they had a vision, only to jump into a MLM structure like NASB. That's all.




What part of NC are you in? I'm not with NASB. I'm in Raleigh.
 
So, I'm gonna refrain from using names, as my objective here isn't to publicly scrutinize or humiliate individuals, but more so to hope people new to the business cross paths with this thread and make a more educated decision based off of it. I joined on with NASB not quite a year back, completely new to insurance. I knew nothing about it, or the industry. I met a recruiter who quite frankly made me feel like I was lucky to have such a great opportunity. I was told based off of my positive qualities, I was (possibly) to be coveted for "management" (lol). I was shown no commission schedule, nor told my commission, but through common sense I figured it out quickly after being told the math required to see my commission of sales made. I was told management gets a higher commission (110% or so) to cover management financial risks like chargebacks and stuff, and basically if I worked hard (I quickly inferred that these numbers weren't obtainable on my own pen, so building a team was paramount for hitting these promotions) hopefully I could reach that commission level too. Half the people there are absolutely grinding to hit those "promotions", not knowing (what I also didn't know at the time) that 70% is absurdly low to begin with, and that building a team is required to hit commission levels you should have started out with in the first place. I'm currently in the contracting phase with another IMO (FEX, yea baby ;)) and am looking forward to not getting just 70% of every freaking policy I write. At NASB, there really is a eerie cult like resemblance, a profound, false sense of family and comradery. They do everything to keep you engaged, and oblivious to other possibilities. Partners and upline in your back pocket, how convenient. Anything I think (and I could be wrong) to keep your tunnel vision focused on them. Also, of course, a release isn't possible. I've already talked to the individual who handles the contracting and onboarding activities, and was told I'd have to wait 6 months. I do have I think two chargebacks, so I get it. BUT, the dishonesty, the disingenuousness, quite frankly I don't care if my upline has to cover that. Once again, not to scrutinize individuals, I just care about people being successful, especially new guys like me who took a chance to jump into this industry because they had a vision, only to jump into a MLM structure like NASB. That's all.
I was with you untill you stated "quite frankly I don't care if my upline has to cover that" about chargebacks. Doesn't matter what they did, you should uphold your end and pay the chargebacks. That is what you agreed to do, even if you were not aware of it.
 
Last edited:
I was with you unit you stated "quite frankly I don't care if my upline has to cover that" about chargebacks. Doesn't matter what they did, you should uphold your end and pay the chargebacks. That is what you agreed to do, even if you were not aware of it.
You are 100% correct Rouse. I think the OP is a young guy that is signing up with us. We will definitely want him to clean up any messes he is leaving behind.

The only beautiful thing about those low commission levels is the chargebacks are as small as the commissions. So should be no problem to quickly get those paid back and in good order once he is selling on regular commission levels.

It's a bitter pill to make things right if someone misled you. But it's one that every good agent needs to swallow so he can move on with clean hands and have no regrets.
 
You are 100% correct Rouse. I think the OP is a young guy that is signing up with us. We will definitely want him to clean up any messes he is leaving behind.

The only beautiful thing about those low commission levels is the chargebacks are as small as the commissions. So should be no problem to quickly get those paid back and in good order once he is selling on regular commission levels.

It's a bitter pill to make things right if someone misled you. But it's one that every good agent needs to swallow so he can move on with clean hands and have no regrets.
I assumed he was just thinking that after the way they mislead him the deserved whatever they got. He probably had not thought it through that if he didn't cover his chargebacks he was putting himself on their honesty level and would be, in effect, stealing from them.
 
I was with you untill you stated "quite frankly I don't care if my upline has to cover that" about chargebacks. Doesn't matter what they did, you should uphold your end and pay the chargebacks. That is what you agreed to do, even if you were not aware of it.

Yea, I was not aware of it, wasn't even aware of chargebacks until a guy I worked with explained it to me one day. If they reach out wanting it, sure. I'm not going out of my way though, my upline won't text me back anyways. The girl who handles the contracting is who I've been communicating with, you call, and she texts you back vs answering the phone. So I asked, "Hey, what do I need to do on my end?", she tells me she has to check and get back with me, no word. So I reach out, taking the initiative to do so regardless of the fact these people are scarce with their attempts to contact me back. She tells me only about the contracts expiring in 6 months and me having to wait. Nothing about paying back debt. So no, I'm not chasing them down to pay back debt. If they want it, take the initiative like I have, grow up, and contact me about it.
 
Nothing about paying back debt. So no, I'm not chasing them down to pay back debt. If they want it, take the initiative like I have, grow up, and contact me about it.
You should aggressively try to pay this back because if you don't, they can just place you on vector which will make much more of a mess for you and won't hurt them at all.

The companies that do this stuff suck.
 
You should aggressively try to pay this back because if you don't, they can just place you on vector which will make much more of a mess for you and won't hurt them at all.

The companies that do this stuff suck.

Wasn't aware of that, I mean, could I just write it off (meaning on my own pen of course) once the current contracts end and I re contract with the new IMO? Or is there some time frame?
 
Back
Top