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the new … “AGENCY BUILDER SYSTEM, INC. " - Update 2015
Definition: An IMO... independent marketing organization (IMO) - A non-company affiliated organization that contracts with an insurance company to perform distribution, recruit agents and other marketing functions for one or more of the company's products or product lines. It is very difficult to get an IMO contract and very expensive to operate.
If you can get an IMO contract you can make 130-150% on sales (life) made by your agents. The insurance company will require you to guarantee from $500,000.00 $1,000,000.00 in new business sales.
ABS does this for you.... because we are counting on you to write 1-2 apps per week.
All the insurance companies require you to show proof of a track record that you can recruit agents and write a large volume of business.
ABS does this for you! Done when you sign up!
You will need 30-40% over GA commission to be able pay bonuses and overrides to your agents.
ABS does this for you! Done when you sign up!
You will need 30-40% over GA commission to be able to cover expenses for a staff for marketing, recruiting, contracting and getting your policies issue and getting a status to your agents every week.
ABS does this for you! You have no IMO expenses! ABS does this for you!
You will need a personal secure contracting link to direct your agents so they can be contracted with all the companies and be in your down line.
ABS does this for you! Done when you sign up!
You need a recruiting web site that attracts new agents.
ABS does this for you! Done when you sign up! You have the best recruiting web site in the insurance business!
You will need a working web site to send your agents to for all sorts of product information, quotes & forms, e-apps and all the stuff they need to run their business.
ABS does this for you! Done when you sign up!
You will need a new business department where agents have a central location to send in apps and get them issued. You will get up dated statuses on your business daily.
ABS does this for you! Done when you sign up!
You will need to set up a sales support department to help with illustrations and sales development.
ABS does this for you! Done when you sign up!
You will need a senior underwriter to help develop tough cases and large cases. ABS has an ex VP from a large carrier as our, your, underwriting specialist.
ABS does this for you! Done when you sign up!
And much more!!!
With any other IMO there are no benefits for the agents other than their personal sales which are sometime at a low commission, or whatever they are able to negotiate.
AGENCY BUILDER SYSTEM, INC. makes a BIG difference!
the new …"AGENCY BUILDER SYSTEM, INC." was designed to allow agents to share in the growth of ABS, Inc. It's getting harder to make it by yourself in our business. Regulations, internet sales, companies marketing directly to the public and banks have all take a bunch of commission out of the agent's pocket. Add to that these economic times we are going through and it hard to make it on your own.
We have solved the problem. Now you can have an income like some of the big IMOs with
the new …"AGENCY BUILDER SYSTEM, INC."
ABS will pay you extra commission over the GA level if you will make sales consistently and recruit. Your cost: Write business consistently and recruit (optional). ABS provides extra commission for your business so you can build a very lucrative bonus/override system, again, funded entirely by ABS. If anyone in your down line makes a sale, you earn an override commission.
You can recruit 1 agent and get started. If that one agent recruits 10 agents you make an override off of their sales and the ones they recruit, the ones they recruit and the ones they recruit. That's five levels of override (OR) commission! WOW!
Everyone starts at the GA Commission Level plus 5% to 15% Bonus Commission plus Overrides.
Example: With one company ..Your GA commission is 100% on a term product. ABS contributes an additional 33% for your Bonus and Overrides. As the writing agent you would earn a 10% bonus and the other 23% would go into the override account.
Using the product above, the chart below illustrates the monthly commission, bonus and overrides you would earn if you recruited only 5 agents and the other agents in your down line all recruited 3 agents and all made monthly sales for $2000 commissionable premium. Every agent you recruit has the same commission, bonus and overrides that you have. Your income for the month would be $27,700.00
Average This Month | Percent, & Percent going to Overrides from Your agent sales | Commission And Overrides From Each Agent in Your Down Line | Recruited | Overrides | |
---|---|---|---|---|---|
Your GA Commission | $2000 | 100% | $2000 | $2000 | |
Your Bonus | $2000 | 10% | $200 | $200 | |
Line 1 Overrides | $2000 | 15% | $300 | 5 | $1500 |
Line 2 Overrides | $2000 | 2% | $40 | $600 | |
Line 3 Overrides | $2000 | 2% | $40 | $1800 | |
Line 4 Overrides | $2000 | 2% | $40 | $5400 | |
Line 5 Overrides | $2000 | 2% | $40 | $16200 | |
Month Total |
$27,700.00 |
Every agent you recruit has the same commission, bonus and overrides that you have. Makes it easy to recruit and retain agents!
Join the new … “AGENCY BUILDER SYSTEM, INC.and you are set up from day one, BETTER than an IMO..