What is Final Expense Insurance, And Who is Our Target Market?
We sell final expense life insurance policies designed to cover funeral costs. In most situations, we can insure almost anyone age 0-85. Most can qualify even with existing health conditions. Final expense insurance provides a valuable service to our community and the families of the people that need our help the most. They generally insure under $15,000 in coverage, but we can insure up to $20,000 based on certain health restrictions. Final Expense is about offering a product that everyone needs, educating our community on its importance, and helping families. There is no better feeling than providing a product and a service that assists people at one of the most difficult times in their life.
What Does the Average Producing Agent Make Their First Year?
New agents with zero work/sales experience typically average $50,000-$75,000 their first year. Your income will depend on how well you follow our sales system, and how much time you dedicate to spending in the field.
How much do Managers Make?
Generally, most 2nd year managers will make $200,000-$300,000 based on production. Our regional managers all make at least $300,000 within 24 months of being promoted, top regionals can earn $1,000,000+ a year, with unlimited earning potential and huge renewals.
Do We get Residual Income?
Our starting contracts pay residual income for 10 years, and our management contracts pay lifetime renewals. Meaning that you are going to get paid year after year as long as they keep the policy. Our starting contracts offer smaller renewals, but as your front end contract increases, so does your back end. Our pay is structured so that those on the highest contract levels make the most in renewals as well, because they have worked very hard to get there. So, the harder you work and the more business you write, the more compensation you will receive!
You will get paid a monthly check based on the as earned commission and your residual income after the first year, called a PAYTHROUGH. Lincoln pays this starting the first month your clients make their second payment, they don’t make you wait 9 months like most companies.
The owner guarantees that if you work 50+ hours weekly and follow our system, you will break $1 million in retirement within 10 years.
What do you Sell?
We sell small whole life policies ranging from $1,000 up to $20,000 for either a Traditional Funeral or cremation. These small policies do build cash value, the payments are fixed and the coverage amount never decreases (as long as premiums are paid).
What makes Lincoln Heritage and Golden Memorial the #1 Final Expense Companies to work for?
1. We get paid in 24hrs. Sell a plan and submit application with a 1st payment Check, you get paid within 24hrs direct deposit into your bank account.
2. We give coverage to 98% of people regardless of their Health conditions.
3. We pay out claims within 24 to 48 hrs.
4. We have a Accidental, Death & Dismemberment Rider for $5.00 ($100,000 additional coverage)
5. We have a Child Rider $4 per child $10,000 coverage.
6. Our Clients receive a Free Membership to Funeral Consumer Guardian Society, which helps the customer plan their final wishes and Funeral exactly as they choose. (This Free membership to FCGS can save them up to $5,000 on a Traditional Funeral and $1,000 on Cremation)
How do I find prospects to buy the plan?
We have lots of Fresh Direct Mail Leads which are interested People who fill out a Final Expense form from our company requesting a free in home quote.
How much money do I make on a Sale?
3 Examples down below.
Example 1 - Sell a $50 policy with a check or checking account number x 75% Commission = $450 is your total commission
Example 2 - Sell a $100 policy with a check or checking account number x 75% Commission = $900 is your total commission
Example 3 - Sell a $150 policy with a check or checking account number x 75% Commission = $1,350 is your total commission
How long does it take to get Paid?
The day that Lincoln Heritage receives your new business with checks, your money gets deposited into your bank account that same night.
How do I Sell?
We drive out to people's homes daily including weekends and after 5:00 pm to catch them and do a in house presentation and Close Close Close.
How much paper work do I have to complete?
1 side of 1 Page application and 1 payment form
What type of plans do you offer?
2 plans
1st Plan - (Covered Immediately) People in Good Health (Most applicants covered Immediately)
2nd Plan - (2 year Modified) People with health conditions such as Cancer, Heart Problems, Alzheimer's, Stroke, Diabetes etc.
How Strict is Underwriting?
98% of the people looking for a final expense plan qualify immediately to get a plan.
What Experience Do You Require?
None! No Sales or Work Experience Required! We will train you regardless of experience.
We only require:
-Great Work Ethic
-Self-Motivated
-Willing to learn our System
-Competetive
-Trainable
What is the Cost for the Employee Health/Dental/Life Insurance Benefits?
If you qualify at the highest level, it’s $150 a month for a single person or $400 a month for a family plan.
Is a life insurance license required for this position?
Yes, a life license is required. If you do not have one we can help you attain one.
How do I obtain my life license? Is that something you assist with?
We have a program where we will assist you with the licensing fees as long as you meet the requirements.