Signed With NYL....1st Month = Success

Wow!! That is VERY expensive...

Remember that NYL is not loyal to you. They may say they are but at the end of the day business is business. Your loyalty should be to your clients and your clients only.

Having said that, you did a disservice to the client. If he drops dead next month his family will be short $450K. Most players in the term business can do 40yr male Non-Tob STANDARD $700K 20yr for $105-$115...

Are you going to pony up the extra $450K when his youngest gets accepted to Harvard???

Who did you really help in this transaction?
1) You got a crummy commish
2) Your client got shorted 5 yrs of coverage and $450K in coverage that he could easily get elsewhere...
3) NYL gets away with charging ham price$ for bologna

Looks like NYL is the only winner here.

When your clients go online and get other life quotes (and they will), your "good name" and your "good reputation" will turn to rubbish...

How do you feel about NYL Now???

Point of order. Another agent here who claims over 30 years of experience selling life insurance told Sim Antic that he had done a good job.

Now you come along and TOTALLY contradict that.

Whom are we, who don't have over 30 years of experience, to believe... you or the other agent who told us he has so much experience and whom we would presume to be an expert in life insurance sales?

No wrong answer, I'm just trying to learn.

Thanks.
 
Whom are we, who don't have over 30 years of experience, to believe... you or the other agent who told us he has so much experience and whom we would presume to be an expert in life insurance sales?

No wrong answer, I'm just trying to learn.

Thanks.

I've laid out my case. The others have laid out theirs.
We're all adults here (most of the time).

Make up your own mind... :twitchy:
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If the guy is a smoker, the numbers make a lot more sense.

yes. yes. unfortunately you are right. Let me prepare to get off my high horse...
 
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The bottom line of all this (to me anyway) is you will rarely, if ever, be doing things in your client's best interest by being a captive agent with a company that charges way too much for life insurance.
 
Point of order. Another agent here who claims over 30 years of experience selling life insurance told Sim Antic that he had done a good job.

Now you come along and TOTALLY contradict that.

Whom are we, who don't have over 30 years of experience, to believe... you or the other agent who told us he has so much experience and whom we would presume to be an expert in life insurance sales?

No wrong answer, I'm just trying to learn.

Thanks.

Al: You are to believe me.. I have 41 years in the business..Now, for my opinion handed down from on high.... I don't have one. But I do want to congratulate a new agent who is at least willing to get out and try to do his best. All this stuff people are trying to tell him, he will learn as he goes along. For now, he needs to learn how to prospect and how to motivate people.. Sounds as if the is doing that quite well for a total newbie.
 
Wait what? Is there a typo or am I reading this wrong? Or is the guy rated like table 8?

$190/mo for 700k on a 40 y/o?

700k at standard is 87-88 for most of the well known term companies for a 20 year term policy.



That's cool. But what happens if he decides not to take the policy? You get unpaid. Just keep that in mind about these super advanced commissions the career shops promote.

As for everything else, congratulations and good luck. And if you ever need anything in terms of additional advice/guidance don't be afraid to reach out.
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I literally LOL-ed at this.


Your rating is NON_TOBACCO....This guy was a smoker. I did a disservice? LOL He was completely informed and even told he knew he could get it cheaper, but our relationship alone closed the deal. He wanted an agent, I gave him what he wanted, as the years go on, we can always add more insurance to mend his budget.
 
The bottom line of all this (to me anyway) is you will rarely, if ever, be doing things in your client's best interest by being a captive agent with a company that charges way too much for life insurance.

No simply no. If this guy drops dead tomorrow he brings the bene a check. That's in his client's best interest.

In addition when it comes to company choice, there are plenty of people willing to pay a lot more for term insurance than the traditional cheap term carriers for the financial ratings and perm insurance options. This was a big point I leaned on when I was career with one of the mutuals. The good news for me was I was in NY in the beginning, so I could point out that my company was competitive term wise for a WL conversion option--I didn't have ONL or SBLI to compete with as they are both non NY.

There are other things, like customer service. I've mentioned before that I love Berkshire and Pac Life for things they've done in the past CS experience wise (now if only Pac Life had a decent life product to sell).
 
The bottom line of all this (to me anyway) is you will rarely, if ever, be doing things in your client's best interest by being a captive agent with a company that charges way too much for life insurance.


Really?!?!?!? Come on, insurance is for peace of mind. I look for three things when comparing companies like NYL.

1- How OLD

2-Financial Strenths

3- RATINGS
 
Financial strength and ratings usually go hand in hand. There are other companies with Excellent to Superior ratings, that have been around 100 or more years, that are much less expensive for the same product.
Keep drinking that KaptiveKoolAid.
Note: I was captive with both Met Life and John Hancock in the past and now indy because it better serves the majority of people I come into contact with.
 
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Financial strength and ratings usually go hand in hand. There are other companies with Excellent to Superior ratings, that have been around 100 or more years, that are much less expensive for the same product.
Keep drinking that KaptiveKoolAid.
Note: I was captive with both Met Life and John Hancock in the past and now indy because it better serves the majority of people I come into contact with.


....because it better serves the majority.....explain to me how?

NYL is a guarantee. FYI, 167 years of existance. The oldest in the U.S.A.
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....because it better serves the majority.....explain to me how?

NYL is a guarantee. FYI, 167 years of existance. The oldest in the U.S.A.

If me representing like that is drinking the kool aid, then so be it, I stand strong and believe in my product, and we are all selling the same thing...maybe for different reasons, but at the end of the day, we all sing the same song.
 
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