What’s so special about the Golden Memorial Agency?

Golden Memorial is the largest Final Expense agency in the United States.  You can’t argue with 100% growth in 10 years:  from $15 million in 2009 to over $53 million at year end 2019.

But the most gratifying part of our job is watching someone come from a 40hr a week low paying job and turning this opportunity into a 6 figure a year career.

We provide excellent personal training, ongoing support, an ethical lead system and the passion to ensure your success.

 

Why focus 100% on the Final Expense Market?

If you’re choosing a career in the insurance field, why not focus on the largest market in the insurance industry, and join the leader in Final Expense. Right now we are experiencing the “Silver Tsunami”! By the year 2030 there will be over 75 million people over the age of 65. This is the Final Expense market!

What sets us apart from other companies?

  • There are no health exams required for coverage.
  • Benefits are paid in 24hrs
  • Our issue age is 30 days old – 85 and most health conditions are covered.
  • Whole life benefits up to $35,000.
  • ONE page application!
  • Docusign
  • Same Day Commissions
  • Enrollment in the Funeral Consumer Guardian Society
  • The FCGS assists the surviving family by negotiating the funeral expenses.

What makes our lead system so different from other companies?

All of our leads are generated in house. We DO NOT outsource any of our lead generation.  Once appointed as a Golden Memorial agent, you will receive a password to access the Lincoln Heritage website. When you receive requested leads in your geographic area by email, you will have the ability to download the leads right away.

Equally important is the response letter that is sent to ALL prospects who contact us via our TV commercial or our direct mail. As soon as we receive the prospect’s request for more information, we send a letter back thanking them, giving them a brief overview, explaining it’s an insurance plan and an agent will be contacting them to DELIVER the information.

 

What does a typical Final Expense sale look like for the client?

The average face amount from around the country is $9000 – $15,000, the maximum we offer is $35,000. Policy premiums range from $15.00 a month and up based on the clients age and amount of Final Expense benefit they choose.

Is Final Expense the only product we will be offering?

Absolutely!!  The two main reasons our agents and managers experience such great results are:

  1. They work full time, adhere 100% to the training they received and work hard.
  2. They also understand the enormous potential of the Final Expense market and know when you specialize in one thing, you become the very BEST at what you do.

 

What about lead cost and lead financing?

Lead financing gives you the ability to purchase our leads with no initial out of pocket expense. Let’s say you’re receiving 10-15-25 leads, you can request those leads and pay for them by agreeing to have a small portion deducted from your commissions toward the repay for the leads. The cost of the lead varies depending on the lead type and location. Lead financing is a luxury, an agents manager can determine if that agent is qualified.

How reliable is the lead flow?

There is no minimum or maximum number of leads you’re required to take. Full time agents usually request 15 to 20 leads a week to maintain their desired income.

I’ve heard different stories about closing ratios. What’s the average?

When you rely on your training and the system you are taught, you should average 25 to 30% closing ratio. If you’re struggling to maintain that, something is wrong and that’s when you’ll call to ask for help. We will seriously suggest additional training.

What kind of training can I expect?

The very best! Our agency, Golden Memorial, did not reach the $53 million dollar mark without providing excellent training and ongoing support year after year. We have video training with one of our top producers presenting the sale and handling objections.

First of all, if you really want to be in the top 20% follow the training your manager gives you exactly. Second, take all suggestions your manager gives you and put them into action. Third, don’t do it your way! Do exactly what you manager tells you to do.

What’s my starting commission?

A agent’s starting commission will be 75% of the first year’s annual premium plus renewals for ten years thereafter.

“Our main goal is to facilitate commissions directly deposited to your checking account as fast as possible.”

Higher commission will always be one of your goals, and one of ours. We want you to achieve higher commissions. Consistent, increasing production as an agent or manager, along with persistency, will bring you higher contracts. With a market like Final Expense, the sky is the limit.

My goal is to be in the top 20% of your agents, what do I need to do?

First of all, if what you are currently doing, whether you have a life license or not, is providing well for you, then I suggest you stay with that and get really good at what you’re doing.  If you currently hold a life insurance license and are not making enough to satisfy you or your family, then contact us. Agents who are in the top 20% and higher work a minimum of 40 hours a week, especially in the first 6 months to a year.

If you do not have a life insurance license, and would like to be a part of Golden Memorial and this exciting, lucrative market, then let us help you obtain your license.

 

Is it a long process to obtain my license and start earning commissions as a Golden Memorial agent?

Depending on the state, you can probably be licensed, trained, and in the field earning commissions in about 3 – 4 weeks from starting the process. You’ll need to be fingerprinted in most states and complete your state’s required courses. A small price to pay to begin a brand new, lucrative career in a booming market. Some states requirements are shorter than others and most can be done online.  Once you begin submitting sales, Lincoln Heritage will pay your commissions, in most cases, 24hrs after you submit them!

What are the growth opportunities I can expect?

The Final Expense market is large, and growing every year, which means management potential is always there for those who qualify. There are agents who are in the field for as little as 6 – 8 months and already pursuing management. It’s all based on production, attitude, and the ability to duplicate yourself, a hard working, successful agent who can train others exactly the way you were trained.

What kind of income can an agent or manager expect to earn?

Agents who focus 100% on this program and nothing else, can earn between $60,000 to $100,000 their first year. Of course there are agents who earn more and some who earn less. It all depends on your level of dedication and commitment, and your ability to apply what you’ve been taught.

We have managers earning $250,000 a year and more after just three  years in a management position.

Can I expect residual income from the policies I sell?

This question is not only the most asked; it’s one of the most important. While it’s very gratifying to make sales and receive commissions on a daily basis, it’s very exciting to watch your monthly residual income grow month to month and year to year. Residual income is one of the main topics of conversation when we are on one of our wonderful company incentive trips somewhere in the world.

Bottom line, the harder you work, the faster your residuals grow. It’s incredibly gratifying to have a monthly income of $2,000, $4,000, $5,000 or more before even making the first sale of the month. Lincoln Heritage starts paying your residual earnings the second month after the policy is issued, not after 12 months like some other companies!

 

I understand the potential of this opportunity. Can I do well even if my previous back ground experience is not related?

Yes!  Lincoln Heritage has over 7000 agents nationwide, many of which have come from such a wide variety of back grounds it would be too long to list.

 

If you have:

  • Coachable attitude
  • Competitive nature
  • Good work ethic
  • Self-starter mentality
  • Willingness to take direction
  • Aggressive nature toward competition

We want to talk with you!