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Best Final Expense Lead Program

Best Final Expense Lead Program

Best Final Expense Lead Program

April 30, 2021

Are Direct Mail Leads the Best Final Expense Lead Program?

 

women working final expense leads

There are a couple types of direct mail leads.  These leads are generated through a letter with a postage-paid reply card completed by the customer requesting more information for final expense.  The standard information included on the card is the prospect’s name, address, phone number and email address.  One is a “1,000-piece mailer.” This means, the lead vendor will mail 1,000 cards out and what gets returned is yours.  The standard response rate is anywhere from 1% to 1.5%.  Agents will pay anywhere from $400 – $500 per 1,000-piece mailer.  Another is a “per piece” lead.  This means, you can order a specific number of leads every week and never guess at how many you get back.  Agents will pay anywhere from $25 – $50 per lead.

Are Telemarketing Leads the Answer for a Busy Agent?

These are leads that are generated by a telemarketing lead vendor.  They cold-call prospects who are in specific demographics and meet certain criteria.  The prospect obligates to the lead over the phone and is told that they will receive a call in 24 hours from a licensed agent. This is where it is crucial to follow up with the lead immediately before it becomes increasingly difficult to track down the client. The cost of telemarket leads are anywhere from $15 – $20 per lead.

Internet Leads are Another Option.

Internet leads are very cost effective, and usually have a quick turnaround time.  However, they aren’t very well qualified.  Most of the data used to collect lead information is based off recent website browsing and search history.  There’s also a good chance that other agents might have already contacted the prospects.  Sometimes the prospect was just looking for an instant quote and didn’t really want an agent contacting them.  Agents can pay anywhere from $1 – $4 for these leads

Existing Clients are the Best Final Expense Lead Program.

By reaching out to your existing client base, whether it be Medicare clients or financial planning clients, you can really increase your life sales.  A simple question like, “oh by the way, do you have your burial expenses covered?” or “have you experienced any major life changes lately?” go a long way to discovering potential new sales.  These types of leads are FREE!!!

The Best Final Expense Lead Program is Referrals!

Referrals can dramatically increase your leads which means more sales!  Don’t leave your appointments without asking for referrals!  Simply ask, “who do you know could use something valuable like what you just got?”  This is another FREE lead!

For more information on any of these leads, contact a Sales Director here at Pinnacle.

Looking for the Best Final Expense Commission?

Check out this useful article!

For more information, contact a Pinnacle Financial Services representative today

1 (800) 772-6881 x7731 | sales@pfsinsurance.com

Warren Readinger

Warren Readinger

director of sales | life & Final Expense

x7794 | wreadinger@pfsinsurance.com

Contact a Pinnacle Representative if you have any questions.

1 (800) 772-6881
support@pfsinsurance.com

Contact Us

Contact a Pinnacle Financial Service representative today for assistance.

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Best Final Expense Commissions

Best Final Expense Commissions

Best Final Expense Commissions

April 5, 2021

Here at Pinnacle Financial Services, we give top-level commission contracts out to our agents.  When you work with us, you are guaranteed to get the best final expense commission that the carrier will allow us to give. 

Are there Qualifications to Getting the Highest Levels?

We don’t play games like other agencies out there do, where you need to “qualify” for a commission raise. We don’t start you at 70% and make you write $5,000 a month to get a 75% contract.  Also, you don’t need to play the commission game with us either.  If you come to us and say that you’re at 90% and Agent Level is 100%, that’s what you get!  You do not need to prove anything to us, we take your word.

seniors-burial-insurance

What are the Top Commissions we offer?

We offer many Final Expense companies at Pinnacle Financial that have contract levels over 100%.  A few of them are:

Foresters
United Home Life
Mutual of Omaha
Americo

Plus, companies like Columbian Life, Cigna, TransAmerica, Royal Neighbors, and many more are all over 100% commission level.  To find out exactly what you can get, give us a call, and speak to a Final Expense Sales Director.

What are the Best Final Expense Commissions for Guaranteed Issue?

Typically, guaranteed issue products pay out a smaller commission level.  However, Pinnacle Financial is able to get higher agent levels due to the volume we submit.  We have companies like AIG that offer a lower commission level for its guaranteed issue product.  Also, Great Western will give a lower commission for its guaranteed issue product, but, if the client can answer no to 3 simple questions, the client can qualify for an immediate benefit and the agent will receive a better commission payout.

How Can Agents Receive the Best Final Expense Commissions?

To receive the highest commissions, give us a call and speak to a Final Expense Sales Director.  We can be reached at (800) 772-6881 ext 6003. Email us at lifesales@pfsinsurance.com

Looking for Long-Term Care? Check Out What We Have to Offer

For more information, contact a Pinnacle Financial Services representative today

1 (800) 772-6881 x7731 | sales@pfsinsurance.com

Warren Readinger

Warren Readinger

Director of Sales | Life & Final Expense

x7794 | wreadinger@pfsinsurance.com

Contact a Pinnacle Representative if you have any questions.

1 (800) 772-6881
support@pfsinsurance.com

Contact Us

Contact a Pinnacle Financial Service representative today for assistance.

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Final Expense Quotes

Final Expense Quotes

Final Expense Quotes

March 11, 2021

Pinnacle Financial Services makes getting the best Final Expense Quotes quick and easy. You can instantly get quotes from all of the Final Expense Companies we represent.

Business Meeting

Final Expense Plans

Final Expense Policies have all the features and benefits found in traditional whole life policies and are quick and easy to purchase. We represent multiple insurance companies that offer Final Expense Insurance that can offer customers coverage from $1,000 to $50,000. Final Expense insurance policies can never be canceled as long as premiums are paid, and the monthly premium will never go up.

What Kind of Final Expense Plans are Available?

Customers who are healthy can apply for a Simplified Issue policy. There is generally two parts that ask health questions and if the customer can answer “No” to all questions, they can qualify for this plan. If the customer answers “Yes” in one of these parts, they can qualify for a Graded/Modified policy.  Usually, there is a two-year wait or the policy will pay a certain percentage of the death benefit the first two years. Customers who have severe or multiple medical issues will be able to purchase a Guaranteed Issue policy. There are no health questions for this policy to be issued. There is a two-year waiting period and if death occurs in that time, all premiums paid plus an additional interest rate will be given to the beneficiary.

What is the Average Cost of Final Expense Quotes?

The average Final Expense policy costs between $30-$50 a month. This quote depends on your age, sex, health, amount of coverage, and the carrier you choose. If you have significant health conditions, your premium will probably be higher and may cost between $70-$100 a month.

Where Can You Get a Quote?

To get a quote, go to our website, and click on Final Expense Quoting. For more information, you can watch a Final Expense Quoting webinar that was recently done.

Want to Cross-Sell Medicare? Check out our Medicare Team!

For more information, contact a Pinnacle Financial Services representative today

1 (800) 772-6881 x6003 | lifesales@pfsinsurance.com

Warren Readinger

Warren Readinger

Director of Sales - Life & Final Expense

x7794 | wreadinger@pfsinsurance.com

Contact a Pinnacle Representative if you have any questions.

1 (800) 772-6881
support@pfsinsurance.com

Contact Us

Contact a Pinnacle Financial Service representative today for assistance.

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Cheap Final Expense Leads

Cheap Final Expense Leads

Cheap Final Expense Leads

February 23, 2021

If you’re an insurance agent, at any point in your career, you probably have been promised cheap final expense leads. You’ve been told these leads are great and they’re really inexpensive. You’ve been told you should close 2 to 3 of them by accident and should sell another 2 or 3 with your skills. They say you get what you pay for! And most of the time, they are right.

piggybank

Where Can I Get Cheap Final Expense Leads?

There are many FMO’s out there and you have many choices when it comes to where you place your business. Some FMO’s print their own leads and offer you the chance to buy directly from them. You can also get leads directly from lead vendors for a fee.

What’s the Difference Between Leads From FMO’s and Vendors?

There is absolutely no difference! Both hire people to obtain this information from the public records.  But when working with Pinnacle Financial Services as your FMO there are reduced costs many times.

What is the Cost Difference Between FMO and Vendors?

Leads that you get working with Pinnacle usually don’t cost as much due to bulk purchasing from the vendor. When producing a steady sales volume they can also be free due to lead credits.  Lead vendors usually have a direct mail lead program or a per-piece lead. Some vendors even offer FaceBook leads. Most vendors have the standard cost of doing business and operations cost that they need to pass on and therefore cost slightly more.

Does Pinnacle Financial Have Cheap Final Expense Leads?

At Pinnacle Financial Services, we’re not in the lead business, but we do partner with many lead vendors. With this partnership, we buy leads in bulk and therefore get leads at a discounted price that can be passed onto you, the agent. To find out more about our leads program, contact a Final Expense Sales Director at 1 (800) 772-6881 x 6003.

Do You Have Clients with Safe Money? Check Out Our Annuity Ratewatch Software

For more information, contact a Pinnacle Financial Services representative today

1 (800) 772-6881 x6003 | sales@pfsinsurance.com

Warren Readinger

Warren Readinger

Director of Sales - Life & Final Expense

x7794 | wreadinger@pfsinsurance.com

Contact a Pinnacle Representative if you have any questions.

1 (800) 772-6881
support@pfsinsurance.com

Contact Us

Contact a Pinnacle Financial Service representative today for assistance.

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Using Life Insurance for Retirement Planning

Using Life Insurance for Retirement Planning

Using Life Insurance for Retirement Planning

January 25, 2021

If you’re wondering if you should be using life insurance for retirement planning, yes you should! An Indexed Universal Life insurance (IUL) is a cash value policy that has both a death benefit and a savings portion. It’s a cash value life insurance policy with features that make it appealing as a retirement savings vehicle because it offers an index account option that credits interest to cash value based on the performance of a market index (ex. S&P500, DJIA, NASDAQ).

What is the Main Advantage to Using Indexed Universal Life?

One of the main advantages of using IULs is that the cash value is protected from dips in the market. In an IUL, the investments are not placed directly in the market where they would be subject to a loss. Instead, they are put into a strategy that mirrors an index like the S&P 500, which allows the client to get all or most of the gains in the market. The gains are then locked in to protect against potential losses.

Who Uses Life Insurance for Retirement Planning?

For example, Jim Harbaugh, the University of Michigan’s head coach, uses life insurance for his retirement. The university has helped Harbaugh become the top-paid college football coach in the nation. An IUL was used to save millions in tax-free retirement. This was possible because the growth of the cash value inside of the policy increased Harbaugh’s retirement funds, which he can receive tax-free at the age of 70. When he was hired at Michigan, Jim entered a split-dollar loan agreement, in which the premium, cash value, and death benefit are split between two parties. This split-dollar agreement was funded by an IUL. Under the split-dollar agreement, the University of Michigan agreed to pay seven $2 million loan advances into a life insurance policy. Harbaugh does not have to pay back the loan taken on the policy until his death, and his beneficiaries will receive the remainder of the death benefit. While he is alive, Jim is able to borrow money out of the policy tax-free. Through this plan, it is projected that he could begin taking $1.4 million per year out of the policy tax-free, beginning at the age of 66.

Why is using life insurance for retirement planning a good idea?

The top three things that make IUL insurance a strong tool for retirement are as follows.

  1. It protects against market losses
  2. It can produce tax-free retirement income
  3. Its ability to pursue slightly more aggressive returns regardless of age

Where is the Best Place to Learn about Using Life Insurance for Retirement Planning?

The best place to learn about using life insurance for retirement planning is right here through the sales directors at Pinnacle Financial Services. We can discuss using life insurance for retirement planning, and have great companies that can offer an IUL for your client or even yourself.

For access to free Medicare leads, learn about our Turning 65 Medicare lead program.

For more information, contact a Pinnacle Financial Services representative today

1 (800) 772-6881 x7731 | sales@pfsinsurance.com

Warren Readinger

Warren Readinger

Director of Sales - Life & Final Expense

x7794 | wreadinger@pfsinsurance.com

Contact a Pinnacle Representative if you have any questions.

1 (800) 772-6881
support@pfsinsurance.com

Contact Us

Contact a Pinnacle Financial Service representative today for assistance.

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