Medicare, Final expense, Exploding if you have the start up money !!!! I am in years 3 and barely getting traction but certainly be at 250 K with 300 more apps
Good question. 10% is a good number. So you'd need to write 150 to 200 yearly to keep up. I'd bet you can get those from referrals exclusively with a good retention system. Otherwise you can market on- or off-season to some extent.
@@TheDIGAgency Yes, referrals would (should) be the goal to keep that overall goal of 500k passive. Referrals close faster, cost less to acquire, and will refer more people.
If I have the resources to fund my first year in the business, is there any reason I cant just start in Medicare? Or is learning final expense necessary to become an effective Medicare Agent?
Only the top 5% of the top 5% hit those numbers. Plus they are very, very hard to hit year over year. It's definitely been done but is much harder in my opinion than transitioning to Medicare.
@@TheDIGAgency for that in final expense should you just be an agency owner at that point? And I've been researching your group, I know you're not mlm but do you work in a way where someone under you opens one, and everyone gets paid? Eventually I'm going independent so I would like to work with you
can i make money on selling auto insurance starting in the business to get experience etc. before i get to medicare thank you p.s. your videos are very helpful thanks again
And David says' "sure" but why? Why not start and get your experience in the Medicare field? It'll shorten your learning curve, get your income started and overall I bet you would be more successful in the long run. Typically you do better when you focus on one aspect so instead of learning P&C and THEN Medicare, focus on Medicare from the beginning. If you have a P&C license just refer all your P&C business out and get a commission split.
Thanks for telling me, Suzanne. You're hearing a little desk fan going in the background and always wondered if folks can hear it. I'll shut it off next time =).
David, I have a fan I use, too, and wonder if those on the telephone hear it; I will ask somebody during the next meeting. Appreciated the info today. I am starting out in the life/health industry. I lost my husband 2 years ago and he was against life insurance. I must advocate now but will keep Medicare in mind. Thanks!
I am AHIP certified 2022, I need to update for 2023. Do I need this to sell Medicare with you? I've had several UHC people contact me to sell their Advantage program, since I'm 72, and they say I don't need AHIP, that they qualify me inhouse. You do the AHIP correct? Why would I be better off with you rather than them? I'm licensed already in 8 states and need to sell by phone.
I have my final expense license in Florida and Texas, I haven't really worked it. I got turned off by the agency I worked for because of the lack of support. Wish I can get to $200k a year even actively.
One year of Medicare telesales experience (close to 400 enrollments) and have past FE telesales/field sales experience-Ready for building a retirement residual income bank. Please contact me.
That's Awesome, great job! If interested in working with us, please go to the FAQ page to make sure we are a good fit for you at: www.davidduford.com/FAQ if so you will see the apply button there. Hope to speak to you soon!
Medicare, Final expense, Exploding if you have the start up money !!!! I am in years 3 and barely getting traction but certainly be at 250 K with 300 more apps
Very nice job.
What kind of "start up money" are you talking about?
Two years wages
What are residuals for final expense insurance?
3% to 8%, typically.
Once you hit your renewal goal, how would you calculate your maintenance app rate if you want to maintain that 500k?
Good question. 10% is a good number. So you'd need to write 150 to 200 yearly to keep up. I'd bet you can get those from referrals exclusively with a good retention system. Otherwise you can market on- or off-season to some extent.
@@TheDIGAgency Yes, referrals would (should) be the goal to keep that overall goal of 500k passive. Referrals close faster, cost less to acquire, and will refer more people.
How do the renewals work? What’s the monthly renewal rate going for med-adv? You broke it down to 301 dollars? Was that the roll over commission?
Starting in 2023, the renewals are $25.08 each month for life.
I want more info on selling this product and what lead source I can utilize.
Go to: davidduford.com/faq/
How much could I expect to spend on leafs?
$500 to $1000 weekly is normal to start with. Some get to the $1500 to $2000 weekly range over time.
But do u have to stay licensed to maintain retainers?
Yes, absolutely!
After writing the policy, when do you actually get paid the $301?
If I have the resources to fund my first year in the business, is there any reason I cant just start in Medicare? Or is learning final expense necessary to become an effective Medicare Agent?
Yes jump right in and start Medicare given your circumstances.
@@TheDIGAgency how much would it take to finance your first year? Do you make anything upfront or is everything made on the backend as renewals?
Dave, how does 500k 5 years work in the final expense world? Thanks
Only the top 5% of the top 5% hit those numbers. Plus they are very, very hard to hit year over year. It's definitely been done but is much harder in my opinion than transitioning to Medicare.
@@TheDIGAgency for that in final expense should you just be an agency owner at that point? And I've been researching your group, I know you're not mlm but do you work in a way where someone under you opens one, and everyone gets paid? Eventually I'm going independent so I would like to work with you
Tremendous video
Thank you!
I'm ready!! How do I get licensed?
Do a google search for how to get insurance license in your state for steps.
can i make money on selling auto insurance starting in the business
to get experience etc.
before i get to medicare
thank you
p.s. your videos are very helpful thanks again
Sure =)
And David says' "sure" but why? Why not start and get your experience in the Medicare field? It'll shorten your learning curve, get your income started and overall I bet you would be more successful in the long run. Typically you do better when you focus on one aspect so instead of learning P&C and THEN Medicare, focus on Medicare from the beginning. If you have a P&C license just refer all your P&C business out and get a commission split.
Great stuff 👍
Thanks!
What objections do you frequently hear? What carriers offer Medicare Advantage?
Aetna, Cigna, Humana, United Healthcare. How do you mean what objections do I frequently hear?
Where can I get 40 Leads a week
Plenty of options - direct mail, Facebook, etc.
Hold up dave ! Imma let you finish lol
I'll be honest tho .. numbers don't move me .. being good does. I'll leave that there
Thanks =)
@@TheDIGAgency its the truth numbers mean nothing to me.
Fire
Thanks =)
Can I sell Medicare over the phone?
Yes, for sure =)
You have a hum
Thanks for telling me, Suzanne. You're hearing a little desk fan going in the background and always wondered if folks can hear it. I'll shut it off next time =).
David, I have a fan I use, too, and wonder if those on the telephone hear it; I will ask somebody during the next meeting. Appreciated the info today. I am starting out in the life/health industry. I lost my husband 2 years ago and he was against life insurance. I must advocate now but will keep Medicare in mind. Thanks!
@@suzannelowry9561 would you please explain (becuz I always like to learn) why your husband and now you are against life insurance?
I am AHIP certified 2022, I need to update for 2023. Do I need this to sell Medicare with you? I've had several UHC people contact me to sell their Advantage program, since I'm 72, and they say I don't need AHIP, that they qualify me inhouse. You do the AHIP correct? Why would I be better off with you rather than them? I'm licensed already in 8 states and need to sell by phone.
You'll have to get your AHIP re-upped.
I have my final expense license in Florida and Texas, I haven't really worked it. I got turned off by the agency I worked for because of the lack of support. Wish I can get to $200k a year even actively.
Keep doing your due diligence.
One year of Medicare telesales experience (close to 400 enrollments) and have past FE telesales/field sales experience-Ready for building a retirement residual income bank. Please contact me.
That's Awesome, great job! If interested in working with us, please go to the FAQ page to make sure we are a good fit for you at: www.davidduford.com/FAQ if so you will see the apply button there. Hope to speak to you soon!
What are residuals for final expense insurance?