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CB Work at Home Review of LifeQuotes
LifeQuotes

LifeQuotes review: Insurance Agents (Dont do It) 47

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Author of the review
12:36 am EDT
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Stay away from LifeQuotes, Inc. If it sounds too good to be true, it is too good to be true. I know because I gave it a try. Yes, they will pay you $23 an hour for Talk Time but you will be taking incoming calls from customers who want to be transferred to their agent so you will be acting like a receptionist. Only thing, you'll be logged on 4 to 5 hours to generate 1 hr of talk time. You are required to commit 5 hours a week, but after I joined they increased it to 25 minimum. They will give you leads but you will be following up on old, recirculated leads who have been called over and over (these people don't want insurance, can't qualify for it, or don't have money to pay for it. Many of the leads are from insurance agents checking out the site so you will get bogus names, bogus telephone, email and mail addresses). You will actually speak to prospects who have heard their radio ads for buying $500, 000 of Life Insurance for $15 a month. When they tell you that they are 55 years old, Type 2 diabetic or 300 pounds and you quote them much more than $15 a month, they hang up on you. Lifequotes also wants you to sell a $300, 000 Accidental Death policy (with No Living benefits, that ends when the client turns 75) for over $30 a month or $45 a month for family coverage). Yes, if you are an experienced Life Insurance agent, you will actually sell a few policies. I actually sold 12 policies out of about 100 leads during my 2 months with them. And you will be doing all the grunt work (following up on APS, Paramed exams, missing client signatures, that LifeQuotes tells you that they do, but they don't. I actually received leads as I was logging in at night to try to get West Coast cases. But the leads were originating from NY, NJ and I couldn't call them because it was after 9 PM and the company prohibited us from calling after hours because of the DNC rules. I would leave messages the next day or sent emails that evening, but never received return messages. I suspect if they did call back, they were being routed to their own employees at their call center. And finally, after about 2 months while your cases have been underwriting, when the commissions that you worked so hard for (at 30% commission) start to come in, you get an email from LifeQuotes stating that they are dropping you because you can't close. This company is a revolving door. They know that they can get agents to do all the grunt work, terminate them, and then they keep all the commissions after about the 2nd month. They have a call center of full time agents in Illinois who get all the best leads as they partner with GEICO. They tell you that they have case managers, but in reality, you're doing all the grunt work and you only get paid $23 an hour for when you actually speak with someone. I've been selling Life Insurance for over 21 years so I know I can sell Life Insurance and close. Take my advice stay away from LifeQuotes, Inc.

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The complaint has been investigated and resolved to the customer’s satisfaction.

47 comments
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IBelieve
Darien, US
Dec 01, 2010 7:18 pm EST
Verified customer This comment was posted by a verified customer. Learn more

I am very familiar with the Life Quotes program and it is a nice program. The leads are outsanding and you get 10-20 of them per day! New agents at Darien headquarters are given 9 months to prove themselves. Several of the top agents there have no insurance backgrounds and rose very quickly to $100, 000+ in earnings. Mgt. support is great and there are always workshops to attend.
The customers are also wonderful to work with. CEO takes chances on young people and even those with no insurance experience. He promotes young people all the time. A young #1 agent was made a Sales Team Leader before her 26th birthday. It is not a high pressure system, either. They use scripts, of course, but encourage agents to develop personal relationships. And the 30-company rater they built is out of this world because it gives accurate quotes for 30+ illnesses.

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Agent4All
Huntersville, US
Dec 01, 2010 6:27 pm EST

"I like Life Quotes and think only former employees who failed are on this complaint board "
Yea right ! If the agent fails it's because you the administration also failed. You people at Life Quotes just don't get it.
They take absolutely no responsibility whatsoever. They want you to think that all their leads have been refined in gold. I was only with Life Quotes for 3 months, then they canned me because I had 2 dry weeks. I sure wasn't given 9 months to prove myself ! During those 2 weeks I was flooded with calls of people who wanted the 500k super dooper preferred rate they saw in the article. These people were either poor or had some major health issues. I couldn't sell these people so Life Quotes threw me out like garbage ! Nice people they have there.
All I hear from IBelieve are just bells and whistles. Just to close, what Bland did to Michael P. was down right Trash. I spoke to Michael right before he quite, great guy. Life Q and Bland are buch of idiots to let a quality person like Michael to leave ! At least one good honest classy person stood up and spoke his mind. Good luck to you Mike.

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IBelieve
Darien, US
Nov 12, 2010 5:37 pm EST
Verified customer This comment was posted by a verified customer. Learn more

I like Life Quotes and think only former employees who failed are on this complaint board - why else allow anonymous names here?
I'm very familiar with the Life Quotes program and it's a nice program. New agents at Darien headquarters are given 10-15 new life leads per day and about 9 months to prove themselves. There's plenty of support, workshops and the team leaders are nice. The customers are also wonderful to work with. CEO takes chances on young people and even those with no insurance experience. One new agent made over $100, 000 first year and had no insurance sales experience. Another #1 agent was made a Sales Team Leader before her 26th birthday. It's not high pressure, either. They use scripts, of course, but encourage agents to develop personal relationships.

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Agent4joy
Downers Grove, US
Nov 12, 2010 5:24 pm EST

I lost everything to lifequotes...or as it was then called INSURE.com...i was a team leader and bob the owner ground his heel into my face and told me to choke down the new reps that they are a pipeline feeder "just push them through". Never in my life have i experienced anything like this. I could see the joy and hope running out of the faces of enthusiastic young people. I still shudder.

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Agent4joy
Downers Grove, US
Nov 12, 2010 5:21 pm EST

There is no pain to describ what has happened to me at lifequotes. It is the worst thing in the world. THE WORST...if you work there get the hell out...if you dont DO NOT BELIEVE THE LIES!

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Agent4Life
Show Me, US
Nov 02, 2010 9:00 pm EDT

Sounds like IBelieve who commented above works for Life Quotes. She basically posted a commercial to combat the honest experience of the agent4you. LMAO Thats horrible PR, especially when it blatantly obvious that IBelieve is probably the recruiter for the position. Erin Hannigan is that you?

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IBelieve
Darien, US
Oct 14, 2010 9:35 am EDT
Verified customer This comment was posted by a verified customer. Learn more

I'm very familiar with the Life Quotes program for outside life insurance agents and it's a nice program. They pay you $23 per hour of talk time + 30% commission under their Plan 23/30 and you can work your own days and hours, subject to 20 hours minimum per week. The action is fast and you'll talk to perhaps 75 people per day. It's a call center kind of a sales job for experienced life agents, so expect to be busy. And if you miss working your schedule 3 or more times, your new lead flow is cut off and you could be terminated. Life Quotes has contracts with 30 leading companies and they offer consumers a $500 Lowest Price guarantee, which is nice. Another nice aspect of the Life Quotes Outside Agent program is that you have no lead costs and ever lead given is an exclusive lead.

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