Page 1 of 2 12 LastLast
Results 1 to 15 of 24
  1. #1
    Recruit
    Points: 5,418, Level: 21
    Level completed: 74%, Points required for next Level: 132
    Overall activity: 1.0%
    Achievements:
    Veteran5000 Experience Points

    Join Date
    Feb 2010
    Location
    Central Iowa
    Posts
    124
    Points
    5,418
    Level
    21
    Thumbs Up
    Received: 0
    Given: 0

    Are you comfortable giving out referalls to Insurance companies?

    So, I have a friend who started working with that large "Directional" Insurance company and figured I would sit through their deal as a courtesy. I already have life insurance from another source and feel that I am on the right track currently. This is the 4th time I've had someone from this company want to go through their sales pitch with me just so they can "help me".

    Anyway this company is notorious for asking for referrals at the end of the discussion and seem to have a hard time taking no for an answer. I respect my friend who works their but don't want to be the guy who sends out all of my other contacts to be called upon.

    How do you handle situations like these? Do you give out referrals? Or do you just continue to hold your ground?

    I suppose I can pass along any of your contact info if someone wants to talk life insurance.



  2. #2
    Walk On
    Points: 2,905, Level: 15
    Level completed: 52%, Points required for next Level: 145
    Overall activity: 1.0%
    Achievements:
    1 year registered1000 Experience Points

    Join Date
    Mar 2012
    Location
    Phoenix
    Posts
    168
    Points
    2,905
    Level
    15
    Thumbs Up
    Received: 20
    Given: 3

    Re: Are you comfortable giving out referalls to Insurance companies?

    I've been in a same situation. I hate the way they word these things, especially with new staff. Even they don't know what is being done with the information they're asked to collect.

    I simply don't give it out. If anyone gave my contact info out I would be very unhappy with them.



  3. #3
    Starter
    Points: 39,766, Level: 61
    Level completed: 56%, Points required for next Level: 584
    Overall activity: 3.0%
    Achievements:
    25000 Experience PointsVeteran
    Trice's Avatar
    Join Date
    Apr 2010
    Location
    Ankeny, Iowa
    Posts
    918
    Points
    39,766
    Level
    61
    Thumbs Up
    Received: 13
    Given: 1

    Re: Are you comfortable giving out referalls to Insurance companies?

    Ugh. Please don't do this. I actually had a family member once put me in a very awkward position by giving out my info as a referral to someone from what is likely this same company.

    Besides, if this person is a friend you probably have a lot of the same contacts.



  4. #4
    Speechless
    Points: 452,363, Level: 100
    Level completed: 0%, Points required for next Level: 0
    Overall activity: 20.0%
    Achievements:
    SocialRecommendation Second ClassVeteran50000 Experience PointsOverdrive
    brianhos's Avatar
    Join Date
    Jun 2006
    Location
    Trenchtown
    Posts
    39,675
    Points
    452,363
    Level
    100
    Thumbs Up
    Received: 246
    Given: 30

    Re: Are you comfortable giving out referalls to Insurance companies?

    I prefer to give Primerica all my friends/family information.


    They who can give up essential liberty to obtain a little temporary safety, deserve neither liberty nor safety. - Benjamin Franklin 1775

  5. #5
    Addict
    Points: 94,387, Level: 95
    Level completed: 66%, Points required for next Level: 663
    Overall activity: 97.0%
    Achievements:
    50000 Experience Points1 year registered
    mtowncyclone13's Avatar
    Join Date
    Oct 2012
    Posts
    5,870
    Points
    94,387
    Level
    95
    Thumbs Up
    Received: 371
    Given: 265

    Re: Are you comfortable giving out referalls to Insurance companies?

    Don't do it. Enough said.


    Quote Originally Posted by CycloneRulzzz View Post
    mtown is among the worst to ever play this game.


  6. #6
    Addict
    Points: 164,267, Level: 100
    Level completed: 0%, Points required for next Level: 0
    Overall activity: 4.0%
    Achievements:
    50000 Experience PointsCreated Album picturesVeteran
    CtownCyclone's Avatar
    Join Date
    Jan 2010
    Location
    Houston
    Posts
    8,684
    Points
    164,267
    Level
    100
    Thumbs Up
    Received: 85
    Given: 79

    Re: Are you comfortable giving out referalls to Insurance companies?

    Make up a person. Or just give them Clones21's info.



  7. #7
    Legend
    Points: 217,633, Level: 100
    Level completed: 0%, Points required for next Level: 0
    Overall activity: 8.0%
    Achievements:
    Veteran50000 Experience Points

    Join Date
    Nov 2006
    Posts
    10,278
    Points
    217,633
    Level
    100
    Thumbs Up
    Received: 230
    Given: 284

    Re: Are you comfortable giving out referalls to Insurance companies?

    Primerica is the worst.


    Nobody but HB knows for sure. You pretty much know nothing....like Knownothing would like to say.
    Word

  8. #8
    Bench Warmer
    Points: 7,128, Level: 25
    Level completed: 16%, Points required for next Level: 422
    Overall activity: 0%
    Achievements:
    Veteran5000 Experience Points

    Join Date
    Nov 2009
    Location
    Polk City, IA
    Posts
    292
    Points
    7,128
    Level
    25
    Thumbs Up
    Received: 1
    Given: 4

    Re: Are you comfortable giving out referalls to Insurance companies?

    Give them the contact info of all your enemies NOT ​your friends.



  9. #9
    Addict
    Points: 107,105, Level: 100
    Level completed: 0%, Points required for next Level: 0
    Overall activity: 25.0%
    Achievements:
    Veteran50000 Experience Points

    Join Date
    Mar 2006
    Posts
    6,461
    Points
    107,105
    Level
    100
    Thumbs Up
    Received: 125
    Given: 142

    Re: Are you comfortable giving out referalls to Insurance companies?

    I don't work for that particular company, but I know how they operate and doing it that way really doesn't work very well. First of all, if you didn't do business with them in the first place, why the heck would you want to send other people their way?
    I also think when looking for referrals, you can't just ask for anyone. It needs to be targeted. I usually wait until someone has been a client over a year before I even consider it. Throughout that time, as new things are learned, I will almost always hear "so and so would like this" or "so and so is doing things exactly this way". I kind of keep a running list of names I hear and then when the time is right, ask my clients if they are comfortable helping me meet "so and so". If they say no, that's the end of the conversation.
    Understand referrals are a huge part of the business, but agents also need to understand that some people just flat out aren't comfortable giving them out (especially if they didn't do business with them in the first place).
    The best response I know for getting out of the push for referrals is simply "I'm not comfortable doing that" If there's much pressure after that then you can let them know its because of the hard sell they are giving you now that you don't want them meeting with your friends.


    Exaggeration is a BILLION times worse than understating.

  10. #10
    Addict
    Points: 107,105, Level: 100
    Level completed: 0%, Points required for next Level: 0
    Overall activity: 25.0%
    Achievements:
    Veteran50000 Experience Points

    Join Date
    Mar 2006
    Posts
    6,461
    Points
    107,105
    Level
    100
    Thumbs Up
    Received: 125
    Given: 142

    Re: Are you comfortable giving out referalls to Insurance companies?

    Also, NEVER give out someone as a referral without checking with them first. If that is the case the agent could have just used the phone book.


    Exaggeration is a BILLION times worse than understating.

  11. #11
    All-Star
    Points: 38,090, Level: 60
    Level completed: 20%, Points required for next Level: 960
    Overall activity: 4.0%
    Achievements:
    Veteran25000 Experience Points
    ISU_phoria's Avatar
    Join Date
    Apr 2006
    Location
    Andover, MN
    Posts
    1,873
    Points
    38,090
    Level
    60
    Thumbs Up
    Received: 11
    Given: 1

    Re: Are you comfortable giving out referalls to Insurance companies?

    I would just politely "pass" and let them know that you prefer others don't share your contact information without your consent first. So, you will take the same approach and respect your contacts' privacy until they indicate they are interested/willing to let you share it.


    "Beer is proof that God loves us and wants us to be happy."
    - Benjamin Franklin

  12. #12
    All-Star
    Points: 16,379, Level: 38
    Level completed: 92%, Points required for next Level: 71
    Overall activity: 1.0%
    Achievements:
    Veteran10000 Experience Points
    cdekovic's Avatar
    Join Date
    Mar 2006
    Location
    Ames
    Posts
    1,013
    Points
    16,379
    Level
    38
    Thumbs Up
    Received: 4
    Given: 1

    Re: Are you comfortable giving out referalls to Insurance companies?

    You can get more coupons from CF if you give them CW's contact info.


    Hit it hard, every yard

  13. #13
    Starter
    Points: 12,908, Level: 34
    Level completed: 37%, Points required for next Level: 442
    Overall activity: 1.0%
    Achievements:
    Veteran10000 Experience Points
    JWIL4CY's Avatar
    Join Date
    Nov 2010
    Location
    Urbandale
    Posts
    749
    Points
    12,908
    Level
    34
    Thumbs Up
    Received: 66
    Given: 13

    Re: Are you comfortable giving out referalls to Insurance companies?

    I'm really confused here. Is this an insurance company or a pyramid scheme?



  14. #14
    Hall-Of-Famer
    Points: 84,484, Level: 90
    Level completed: 41%, Points required for next Level: 1,066
    Overall activity: 4.0%
    Achievements:
    Veteran50000 Experience PointsCreated Album pictures
    azepp's Avatar
    Join Date
    Dec 2009
    Location
    Ankeny
    Posts
    3,957
    Points
    84,484
    Level
    90
    Thumbs Up
    Received: 181
    Given: 120

    Re: Are you comfortable giving out referalls to Insurance companies?

    Just my $.02, but if you already know you're not going to buy their product you're not doing them much of a courtesy by sitting through their spiel. Unless they're new to the business and looking for someone to practice on without expecting to make a sale. In that case, you need to make sure to play the role of angry guy who is ****** that someone gave his name out as a referral in order to train your buddy for that situation.



  15. #15
    Legend
    Points: 212,868, Level: 100
    Level completed: 0%, Points required for next Level: 0
    Overall activity: 57.0%
    Achievements:
    50000 Experience PointsOverdriveVeteran

    Join Date
    Mar 2011
    Posts
    14,167
    Points
    212,868
    Level
    100
    Thumbs Up
    Received: 922
    Given: 49

    Re: Are you comfortable giving out referalls to Insurance companies?

    Ask for a finders fee for doing their job for them if you give them referrals.



Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •  
  • TV: Fox Sports 1
  • Iowa State vs. North Dakota State
  • August 30, 2014
  • 11:00 AM