Lincoln Heritage

I just went through that process. Spoke with them here in GA. I chose to go another direction. But here is their pitch.... 75-85 % depending on Mgr. 35 DM and 41 TV. With advance limits you essentially get half of annual AP up front. So buy 20 leads (800) bucks. Close 3-5. 1800 to 3000 AP. Advance is 800 to 1500. So essentially you could close three deals and only break even. Not a good deal by any stretch.
 
I just went through that process. Spoke with them here in GA. I chose to go another direction. But here is their pitch.... 75-85 % depending on Mgr. 35 DM and 41 TV. With advance limits you essentially get half of annual AP up front. So buy 20 leads (800) bucks. Close 3-5. 1800 to 3000 AP. Advance is 800 to 1500. So essentially you could close three deals and only break even. Not a good deal by any stretch.

Yea, I closed 3 deals this week and made $2600 after lead cost, its a no brainer, stay away from LH, lol. Got your message, Ill call you soon.
 
LH agents are as broke as they come. Every single agent I have talked to has either left LH after 6 months or less and never made any real money. Charge backs, high cost of half baked leads, and a well below par contract puts there agents at a disadvantage along with a much higher priced product.

Only the managers like LH, its a system for the managers to eek out gains from the struggling agents.

Enjoy and get some experience, then leave!
 
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Other than price, are their any other negatives about their products??

Yes.

1. Their underwriting. They rate a lot of people as graded that other companies give 1st day full coverage.

2. They don't vest commissions for 2-years. All other companies vest on day one.

3. Commissions to the agent are very low. Managers do make high commissions though.

4. They try to drive their agents into debt rather than teach them how to be debt free. Your leads with most companies easily cash flow.

5. The leads are over priced if you buy them through the company.

6. A side effect of being priced high is they are easily replaced.

Good other than that.
 
Yes. 1. Their underwriting. They rate a lot of people as graded that other companies give 1st day full coverage. 2. They don't vest commissions for 2-years. All other companies vest on day one. 3. Commissions to the agent are very low. Managers do make high commissions though. 4. They try to drive their agents into debt rather than teach them how to be debt free. Your leads with most companies easily cash flow. 5. The leads are over priced if you buy them through the company. 6. A side effect of being priced high is they are easily replaced. Good other than that.
They push their agents into debt. They use and abuse you then VECTOR you so you are out of the business when they are done with you
 
It has been 3 yrs since I sold insurance. I am trying to get back in the business. I worked for Lincoln Heritage and they threatened me with Vector One. They wanted all the commissions paid back. I copied the mail and sent a copy of my response to Vector One stating I was not paying for business still on the books. They wanted over $5k out of me. I saved the copy of my contract and it says nothihg about vesting. So if they did turn me over to Vector One I am getting an attorney
 

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