how to use your license
DESCRIPTION
Mike RussTRANSCRIPT
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Hello everyone welcome to the webinar. “HOW TO USE YOUR LICENSE” we will begin at 10:05 So we can give everyone a chance to log in. Please put your Mouse at the top of your screen see you can see the drop down and find the chat feature. Please send me a chat so I know you know how to use this function. YOU WILL NEED TO KNOW THIS AS I MUTE EVERYONE DUE TO BACK-GROUND NOISE & THIS IS HOW YOU WILL ASK TO BE UNMUTED FOR QUESTIONS!!!
---HOPE YOU HAD YOUR COFFEE !!!!!!!
JAMES RUSS
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INSURANCE WANTS INSURANCE NEEDS
LifeInvestmentsHealth-Tax Liability
AutoHomeGeneral LiabilityWorkers CompensationBonding
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You make money two ways in the insurance business:#1 Broker fee’s – when you are an “independent”
agent you are able to charge a “Broker” fee on p&c business to the client to find the best coverage for the client. This fee is 100% negotiable.
#2 Commission – each insurance company pays the Agent of record a commission based upon the commission schedule.
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Type of policy Number of clients
Broker fee Total Broker fee ’s
Auto 100 $50 $5,000
Homeowners 100 $100 $10,000
Health 100 $0 $0
Business Ins. 100 $500 $50,000
Workers Comp 100 $500 $50,000
Life / Term 100 $0 $0
Total 600 $115,000
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Type of policy
Number of clients
Monthly premium
Average Commission
Monthly Income
Annual Income
Auto 100 $100 12% $1,200 $14,000
Homeowners
100 $80 15% $1,200 $14,000
Health 100 $250 15% $3,750 $45,000
Business Ins. 100 $100 14% $1,400 $16,800
Workers Comp
100 $1,500 8% $15,000 $180,000
Life / Term 100 $100 90% $9,000 $108,000
Total 600 $31,483 $377,800
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UPCOMINGDATES – CLICKBELOW:
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Requirements to sell Life Insurance:
*Licensed*Complete AML (Anti-
money laundering course)
*Get contracted
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Requirements to sell Annuities:
-Licensed-Complete 8-hour
Annuity Course-Get contracted
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*Great compensation (around 7%)
*Fast underwriting*Many opportunities: Roll-over 401k’s Offer clients a
better investment than a CD
Provide guaranteed income for life
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BE YOUR OWN BEST CLIENT!
GO HOME, PULL OUT ALL YOUR
INSURANCE POLICIES AND GET
PAID ON YOUR OWN POLICIES!
Click on the icon below
to refer business to get
paid….
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REFERRAL?BECOME AN AGENT/SUB-PRODUCER ?
SET UP YOUR OWN AGENCY?
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CLICK BELOW FOR THE NEXT UPCOMING DATE….
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GET INTO CLASSES AND SEEK EDUCATION IN THE LINES OF
INSURANCE YOU WANT TO WRITE!
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