[masraum]

Originally Posted by Rick Lee

FE = final expense - basically small face amount life insurance for people between 50-85 yrs of age. If you're independent and have some good carriers, you typically get paid 100% of the first year premium for each policy you write. Most companies cap face amount at $25-30k and the monthly premium can range from $25 - $200. Write $333 monthly premium per week and that's a $4000 commission for the week. Best week I've seen in my group, I think the guy wrote $13k. That's the pay for ONE WEEK. Now, there are a lot of costs involved, but it can be very lucrative and you can make well into the six figures working under 40 hrs/week.

But you generally deal with very poor and/or unhealthy people. I've had people living in their cars mail in a request for info. One guy lived in a trailer that blew up in a gas explosion. Insurance denied his claim, so he bought a chain link fence to surround the rubble and he lives in the rubble. I've probably met 10 amputees in the last two months. One had lost both arms below the elbows and a foot, but not due to diabetes - he had been electrocuted in a freak accident. I see squalor, pit bulls and guns all day, every day. But 99% of the people are the nicest people you'll ever meet, will offer food and drink, give referrals, even ask me to stay for dinner.

That's not even scratching the surface of what I see out there.

Wow!

What I don't understand is if these people are this poor, how/why are they buying that sort of insurance? This is insurance that pays out to a beneficiary after they die? So I guess they are concerned with family getting the shaft, which is admirable. Crazy!

Wow, sounds like a crazy gig, but worth it.