Over the past 24 months has your MGA engaged in sales incentive campaigns or contests? Please describe why not below
Ever since the introduction of the “conflict of interest” compliance disclosure and the cancellation of all conferences from Insurance Co.. We have stop all campaigns and sales incentive
Conflict of interest , cheap , salesish ,usually not in the best interest of the public
The only sales incentive campaigns that we participate in are ones that are arranged by the insurance carriers.
In past, we used Marketing Allowances from insurance companies to “fund” sales contests but now with limited allowances, we have reallocated those monies to marketing initiatives.
No specific reason. We believe the incentive to recommend a strategy or product should come from addressing the client’s need