Years ago while on a flight to Dallas I passed the time reading the Braniff magazine I found in the seat pocket in front of me. “Two Best Ways To Become A Millionaire” caught my attention. One was real estate and the other was insurance. The article didn’t resonate at the time as I was leasing my skills and services to Blue Cross earning a monthly salary of $840 (before taxes). Years later I ended my leasing career by becoming my own monopoly. That’s when the relevance became apparent as I set out to prove it.
- Aetna
- Allstate Benefits
- Anthem
- Blue Shield of California
- CareFirst
- Health Net
- Kaiser Permanente
- Sharp
- Oxford
- UnitedHealthcare
What better way to achieve corporate goals than by turbocharging new business sales by paying brokers more!
Road To Riches
It’s not that hard to sell four groups of 250 lives each in a 12 month selling cycle. Average fully-insured commissions = 5%, or about $300,000 per year. Add new BCBSTX new sales bonus of $100,000 (see above) and the broker earns a total of $400,000.
Life Is Good
Obtaining an insurance license in Texas costs less than $100. No college degree required. No inventory needed. All that is required is a positive mental attitude, the desire to help people and build long term friendships based on mutual trust and respect.
Show Your Broker A Little Respect
Chances are your broker is making more than the President, CEO and CFO combined. Millionaire brokers are not uncommon. Don’t be fooled by outward appearances. Treat your broker with the same respect you demand in return.
