Independent Agent Advantage - Sounds Too Good To Be True

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PostPosted: Thu Nov 13, 2008 12:30 am   Post subject: Independent Agent Advantage - Sounds Too Good To Be True  

I found a recruiting ad on craigslist for Independent Agent Advantage. I went to their website and their offer to start your own agency seems a little too good to be true. Anyone ever heard of these guys or work with them?



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PostPosted: Thu Nov 13, 2008 6:59 am   Post subject:   

Haven't heard of them Sad I'm sure that someone will be soon around with information, but too good to be true proposals often scare me.

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PostPosted: Thu Nov 13, 2008 10:22 am   Post subject:   

Quote:
....start your own agency....




It doesn't take much to "start your own agency."



Back in 1985 I started mine in the master bedroom with a phone, a kitchen chair and used the bed as a desk and the night stand for files.



True story.



I was too cheap to buy a desk with my money. I waited until I got paid my first insurance commission before I bought a desk.



As far as someone offering to start an agency for you I would be quite skeptical. Insurance doesn't sell itself.



From my short look at their WEBSITE it appears to me the one time $99 set up fee is what's being sold.



New agents are suckers for this type of thing because they just can't grasp the simplicity of making sales calls.


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PostPosted: Thu Nov 13, 2008 6:52 pm   Post subject:   

Gary, yes, I agree. It seems for $99 you get all this support, leads, and the ability to easily recruit agents in other states. I also saw on their site about starting a mortgage office for $99 without licensing and you can recruit loan officers in other states and you get support and leads, etc. It just doesn't add up.



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PostPosted: Wed Nov 26, 2008 8:53 pm   Post subject:   

I found out last night that Independent Agents Advantage is an agency of HBW - Helping Build Wealth - another 'buy term invest the difference company' The $99 is for their start up kit.



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PostPosted: Wed Nov 26, 2008 11:03 pm   Post subject:   

Johnny by pass that one..are you interested in becoming an agent? do you have any marketable skills/education/background? or was this just something that caught your eye?



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PostPosted: Sun Nov 30, 2008 9:31 pm   Post subject:   

Lori, I am looking to become an agent again. I had my life/health license from 1992 - 2000. I also had a Series 6 license. I was a mortgage broker from 2000-2007 and now I am looking to get back to life insurance. I have been doing some loan mod and debt negotiation stuff lately, but finding I miss the life insurance biz.



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PostPosted: Mon Dec 01, 2008 6:23 am   Post subject:   

Hey Johnny, a while back, I had a guy from Independent Agent Advantage actually call me at work with a spiel about starting my own agency. As is my nature, I started asking questions and immediately Googled his company and references. It was then that I discovered he was linked to HBW. In case you've never heard of them, HBW is known as the Amway of the insurance industry. In my opinion, they are a cult of glassy-eyed, sunken-faced dreamers who never sleep and regularly meet to hold hands, stare at the sun, and chant things like "wet on Met and screw Pru." Term zombies, all of them - in my opinion.



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PostPosted: Mon Dec 01, 2008 5:22 pm   Post subject:   

Thank you for finding that information. I got enough of that business model in the 90's. I appreciate your help with this.



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PostPosted: Mon Dec 01, 2008 9:43 pm   Post subject:   

We usually never respond to these 'forum' formats due to the inaccuarate information being placed online by those that do not actually check out a subject before they make their 'opinions' or their' know facts' known.



But in this case we are making an exception to respond to the inaccurate information being put on this forum.



1. John, if you wanted to know the truth about us then you should have dialed the toll free number. You have never contacted us by email or phone to get information.



2. Gary, Yes anyone can 'start their own agency'. But we are not talking about a 'bedroom' agency. We are talking: education, training, support that NO other company offers any agent today.We DO NOT start an agency for ANYONE. Most of the "sucker" agents you referred to ,that are with us now are veteran agents with over 26 years experience that are now turning their business around by utilizing the training we give them.



3. There is NO 'startup' kit. Where did youi get this "information" ?



4. We do NOT supply leads, nor SELL them to any agents.



5. InsInvestigator, Sorry........but we NEVER call agents unless they have requested more information from us and have asked us to call them. We have NEVER called you. So that conversation never happened.



6. HBW is anly one part of our agency. No one seemed to mention the other companies in Life and Annuities, Senior Markets Sales, Guaranteed Issue Health Plans, Dental & Vision, Group Benefit Solutions....or How we help unlicensed men and women find their way to get their study materials and to take their state exams.



6. No one mentioned how we have helped 1000's of struggling agents turn their businesses around with proper education that that could not receive anywhere else.



7. We are NOT "buy Term and Invest the Difference"........since that philosophy rarely works in the real world. We educate and train all our agents on the benefits and downfalls of any type of insurance and/or financial product.



8. Met Life and Prudential are 2 of our main carriers. So your flippant 'chant' reference as you state is ridiculous. Our agents are totally non captive and have whatever carriers and products they choose to have in their portfolios."Term Zombies"???? Another ridiculous 'opinion' !!!



9. If Mr InsInvestigator wishes to 'bash' a company with his inaccurate remarks then that is his perogative....But the truth should be known....if anyone wants to know the TRUTH about something, then step up and do your own due diligence.



10. We are very proud of who we are and how we are able to help so many agents across the country.



As I said before, Not ONE person on this message forum has had a conversation with anyone at Independent Agent Advantage. Therefore their 'opinions' are just that.



We feel that these type of forums could and should be a source for those that are genuinely looking for assistance.



We suggest that unfounded statements and flippant opinions stop being placed by those 'experts' that are being asked for help and professional guidance.



Our contact information is on our website and we always welcome newly licensed as well as seasoned agents to contact us for more information.



The "INFORMATION" that has been placed on this message forum is not correct.



It is a shame that so called ' experts' in this industry have chosen the bashing method to respond about something they have never taken the time or effort to educate themselves about...Guessing it is just easier to voice an opinion, than to actually search for the truth.


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PostPosted: Tue Dec 02, 2008 5:51 am   Post subject:   

Ok Guest - I'll give you the benefit of the doubt. I'll call the 800 number tomorrow, hear what you have to offer and decide from there.



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PostPosted: Tue Dec 02, 2008 6:58 am   Post subject:   

Darn!! I wish I had dropped in here earlier. It seems like someone who doesn't normally sit in on our forum has been snooping around a bit - and seems a bit twisted.



Well then; I think it is only fair to welcome our new guest and hope he will become a frequent visitor.



First of all, Mr. Visitor, put the "insurance company bashing" rhetoric to bed and leave it there. Because I want to be fair, I'll break down my last post and decipher each part independently.



Quote:
a while back, I had a guy from Independent Agent Advantage actually call me at work with a spiel about starting my own agency.




You have no idea whether or not someone with your company actually called me. Your response is based solely on what you've been told and what you perceive to be company policy. Besides being a licensed Life Insurance Fraud Investigator, I am also a licensed agent. I am required to do so because, according to CA Code, I need to be "Similarly Qualified" to those I'm usually testifying against. How in the world could I offer testimony as an Insurance Expert if I don't even hold an insurance license?



I was, in fact, contacted by someone with your company some time back and would sign an affidavit to that effect. The young man who contacted me might have gotten my name from any number of sources; including the last Life Insurance Fraud Symposium in Newport Beach. I was a guest speaker there and met lots of people.



Quote:
In case you've never heard of them, HBW is known as the Amway of the insurance industry.




I noticed you didn't dispute this statement. Good, at least we agree on one of my points.



Quote:
In my opinion, they are a cult of glassy-eyed, sunken-faced dreamers who never sleep and regularly meet to hold hands, stare at the sun, and chant things like "wet on Met and screw Pru."




Okay, you got me on this one. I was obviously referring to your backwoods cousin, Primerica. Please accept my apologies - my mistake.



Now to your post:



Quote:
Met Life and Prudential are 2 of our main carriers




They are also, by the way, responsible for the two largest lawsuits in the history of the insurance industry. My lawsuits alone have cost MetLife more than $250m.



Quote:
If Mr InsInvestigator wishes to 'bash' a company with his inaccurate remarks then that is his perogative




Alright, now we're back to my remark about the "cult of glassy-eyed, sunken-faced dreamers who never sleep and regularly meet to hold hands, stare at the sun, and chant things like "wet on Met and screw Pru.""



I admit that was a mistatement and I had your company confused with another. Again, I aplogize.



Mr. Visitor, how long have you been in the insurance business and have you ever worked for any other comapnies? I'm probably going to have to apologize again, but you seem like one of those young, fresh out of college, entrepreneur - types who believes they has a vested interest in saving humanity from dying broke and plans to change all that by selling everyone a life insurance policy. Or do you even sell insurance? By the way, do you know Bob Lotter?



Not that that's a bad idea. However, Art Williams already tried it and what was once his legacy has become just a bad joke.



Again, I apologize for the mistatement and wish you well.



Mark J Colbert, CLU, AEP, CFP

Life Insurance Fraud Investigator

www.markcolbert.com


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PostPosted: Tue Dec 02, 2008 11:34 am   Post subject:   

Well....Whadawe got goin' on here?



An Internet Thread WAR!!!





I'll play!



Dear Guest,



AKA anonymous poster.



As a, *SAFE, to have any thread {pun intended} of credibility with me you would have to post using indentifiable information. I have ZERO respect for anonymouse Internet posters.



THERE ISN'T ANY "SUPER TOP SECRET" TO INSURANCE SALES.

NONE.



Razz And just for fun please watch THIS movie.



Then afterwards try picking up the phone and making a few sales calls, butt watch the expenses Shocked remember "Client #9?" ShockedWink



Best regards,



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PostPosted: Tue Dec 02, 2008 12:50 pm   Post subject:   

ohhhhhhhh saaaaaaamack Shocked



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PostPosted: Mon Mar 16, 2009 6:51 am   Post subject:   

Hi all.



I must say I've looked into quite a few agency franchises. I started out as a paid employee (no health insurance - no bonuses) for " a good neighbor" after working there for years, I finally wised up to the commissionable side of the biz and realized between myself and another agent we were generating atleast a $90,000.00 a year income for the owner.



Once I caught on to what I was really worth I decided that in order for me to start earning what I was truly worth it would be most advantageous to start my own agency. I checked into becoming a "good neighbor" myself.



Well for 25,000.00 I could!! Too bad that meant atleast a years worth of income to do so. - Not possible for me or most newly independent agents-



I've looked into most other franchise type insurance companies as well...

just as expensive...if not more so.



Personally, I'm very interested in the opportunity offered above. I know how to prospect, present, and close. I don't need my hand held. I just need an extensive portfolio to cover client needs. This group has it. I'm going to give it a try.



Thanks for the information given here and the interesting debate going on.



It made for a good laugh.



See you all at the top!


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