Good questions.
Clear answers.
Explore the opportunity before your interview. You’ll need a life insurance license to work with Winner’s Circle; the team can help you understand the study process.
Confirm current compensation, fees, programs, and carrier terms with Carmen during your interview.
Why Should I Choose Winner’s Circle?
80% (or better) Comp starting Day 1, with potential growth to 145%- PLUS bonuses.
One policy can pay you for the next 10 years (whole-life only). The average policy is $1,000 AP.
Low-cost leads. Free training. No monthly fees. No contracts… what more can you ask for?! Winner’s Circle is the best Insurance opportunity available.
Can I work From home?
YES, OF COURSE!
You can run your business however you deem necessary to succeed.
While most agents like to go into their client’s home- many others have built prosperous businesses based off remote work.
Calling remotely allows you reach out to 5 time zones (including Hawaii) all at once!
How Do I Get My License?
It’s okay, everyone was new at one point. We’ve created a streamlined process for new-agent training including a week-long “Bootcamp” to learn the tricks of the trade.
After you are approved by a Winner’s Circle recruiting manager, your manager will provide the study-course instructions.
How much does it cost to get licensed?
We will pay up to $210 for Prerequisite Licensing courses AFTER your schedule your state exam date. (FREE to you, company pays for it)
It will be your financial responsibility to pay for the actual State Exam, Fingerprints (background check), State License, and E&O Insurance. (Approx. $150-370; varies by state)
*REMEMBER: These costs go directly to the state; not us. These are all common fees that every agent has paid to attain their license.
(Check your state’s requirements here)
How long does it take for me to get my license?
It is all based on you as an individual. MOST candidates finish within 1-2 weeks (to receive the comp raise)… other agents take the full 30 days!
Make sure to take the practice study test a few times a day before your test date. The questions are very similar to the test.
*REMEMBER: If it takes you more than 30 days to get through the study material, they will charge $39 for another 30-day extension. Study with the intention to pass!
After you pass your test, we still have to apply for your license and get contracted (which takes about 2-3 weeks after passing the test).
Who is going to train me?
Unlike other agencies, you have your entire upline at your disposal. It is normal to have a direct upline with limited experience. Feel free to reach out to your support team anytime you need assistance!
· Arthur Forrest II, Executive Vice President. (909) 263-6254
OUTSIDE of your direct uplines- you can establish a relationship with anyone here in Winner’s Circle! We all learn from each other!
How Do We get paid?
By Direct Deposit; Paid Daily. Winner’s Circle is 100% commission-based. Buy leads and go to work.
Approved policies usually pay out within 2 business days of the policy’s first draft date. Americo pays out even faster- they pay off approval which means you will have a direct deposit a couple of business days after submitting the approved business
What are CHARGEBACKS?
Your insurance carriers pay you out in 9-months advances.
For this hypothetical scenario, agent Bob has a 100% comp. If Bob writes a policy for a client who pays $100 a month, that will equate to $1200 in annual premium ($100/month x 12 months= $1200). At 100% comp, agent Bob will be advanced 75% of the $1200 annual commission ($900). The remaining $300 of the annual-premium will be paid out in three equal portions in months 10, 11, and 12, respectively.
The 75% ($900) advance is paid out as a good faith loan that the policy is here to stay (so they are willing to pay you nine months of commission upfront). If the policyholder cancels their policy before month 10, the promissory loan is rescinded.
Instead of taking $900 out of your bank account, it is held as an IOU. You pay off the balance using future commissions, so you don’t come out of pocket.
It Is industry standard for about 20% of your policies to fall off the books.
How long does it take to get my first paycheck?
It is our goal to have every agent paid within the first 10 days after BootCamp is completed.
You should write your first piece of business within the first week; it takes a couple of days for your first policy to process through the system to validate your national and state producer numbers.
How to get leads?
Leads go from $1.50 to $11.00 in our CRM (Customer Relation Manager). 3rd Party leads usually cost $20+ each. It’s at the agent’s discretion to invest in what is financially feasible for them.
We only deal with people that are interested and looking for life insurance, instead of bugging all friends, family, and social media for business. No need to ask your aunties and uncles for business.
RULE #1 of leads: Always reinvest a portion of your commissions for next week’s batch of leads!!!
What if I DON'T have investment money?
You Must Have the Finances to Pay For Your State Exam, Fingerprinting, and State License. (Approx. $150-350),
After you receive your state Insurance License:
Reach out to your hiring manager to see what kind of programs you can enroll in such as the sponsorship program. We can help you sell a few policies so you can fund your business properly.
Do I have to build an agency?
The sky is the limit on personal production. However, the ultimate goal should be to walk away from your business and create passive income. You cannot get paid in your sleep- without a team.
The short answer is no, but it is to your benefit.
We have a saying that goes like this, “I sell to pay the bills… and hire to retire”
Opening up passive income is a whole different ball game. But you have to love to help others; building an agency is not for everyone.
Do I need a license to sell insurance?
Yes, you need your Life Insurance License to work with us.
Your Health License is highly recommended, but not mandatory.
Is this EASY?
NO. Nothing worth it is easy. However, this business is very simple. There are 4 things you must master in order to create the lifestyle you desire:
1) Investing/Reinvesting in Leads.
2) Setting appointments/ objection handling.
3) Presentation/closing.
4) Become emotionless during work hours.
A full-time agent will make 300+ calls in one day to have 3-5 presentations. You get paid the direct correlation to your work ethic and grit in this business.