FAQ

Licensing

1. Do I need to be licensed in order to receive referral fees?
2. How do I get licensed?
3. How often do I need to renew my license and what is required to do so?
4. How do I study for the insurance exam?
5. In which states do I need to be licensed?
6. If I wanted a Non-Resident license, how would I obtain one?
7. Do I need to be licensed in other states to earn overrides in those states?
8. How does I-insureme verify that I am licensed?
9. What states are you licensed to write business in?
10. Do I need E&O coverage?

Insurance

11. Who is Dickinson Insurance?
12. What types of insurance do you write?
13. Are your insurance rates competitive?
14. Which insurance carriers do you represent?
15. How can I ensure that my insurance rates remain low?
16. What happens if my insurance rates go up?
17. Who handles the quotes, paperwork, claims and customer service?
18. How long has I-insureme been offering Property and Casualty insurance?
19. How do I file a claim?
20. Do my referrals need to join I-insureme in order to receive a quote?



Do I need to be licensed in order to receive referral fees?

You must be appropriately licensed to receive referral fees for any insurance products sold. For example, to earn referral fees on home, auto or business insurance, you must have a Property and Casualty license. If you sell life or health insurance, you must have a Life or Health insurance license, respectively.

This sets us apart from most income opportunities, as it will filter out those who are not serious about creating a solid financial future. A person who takes the time to get licensed is much more likely to work harder, remain active in the business, and do whatever is required to build a long-term residual income. [ back to top]

How do I get licensed?

Each state has specific requirements to get licensed which may include some or all of the following:

a. Online or classroom courses
b. Fingerprinting
c. Passing a state exam (70-75% or better)

Locate your state Department of Insurance online or contact them directly to determine your state's specific requirements. [ back to top]

How often do I need to renew my license and what is required to do so?

Each state varies with renewal times and requirements. Usually, your license is good for 2-4 years. When you renew, it is common for a state to require a certain number of Continuing Education (CE) hours. [ back to top]

How do I study for the insurance exam?

There are numerous sources online that can help you prepare for the course. We encourage everyone to schedule the exam 1-2 weeks out FIRST and then begin studying. This will help to keep you focused on getting licensed.

I-insureme has teamed up with www.TesTeachersOnline.com to offer the best online study course. [ back to top]

In which states do I need to be licensed?

For most insurance companies, you must be licensed in the states in which you write business. For example, if you write a policy on yourself, you need to be licensed in your state. If you have friends or family in another state that would like insurance and are not interested in getting licensed to insure themselves, you would need a Non-Resident license in that state. There are no additional exams required for Non-Resident licenses. It is usually a simple matter of paying a fee.

With the I-insureme model, all policies are written through our agency. Because we are licensed in most states, you are able to write policies in any state in which we currently hold a license. In other words, you do not need a Non-Resident license to write policies outside of your resident state. You must, however, be licensed in your resident state to earn commissions and overrides within our agency. [ back to top]

If I wanted a Non-Resident license, how would I obtain one?

Visit www.nipr.com and click on Producer/Agent under the Licensing & Renewal Applications tab. Then, click on Non-Resident under the Apply for a New License tab. [ back to top]

Do I need to be licensed in other states to earn overrides commissions in those states?

Most states have passed the Producer Licensing Model Act (PLMA), or a version of the original Act. This allows for agents to receive commissions on business without obtaining a Non-Resident license as long as the agent is not directly involved in the sale, solicitation or negotiation of the insurance contract.

That being said, our model pays referral fees to agents that refer business to us (not commissions directly from the carriers). We sell and service all accounts and are licensed in all states in which we write business and then pay out a referral fee. Therefore, a non-resident license is not required. [ back to top]

How does I-insureme verify that I am licensed?

In your Agent back office, you will upload your license(s). We will manually verify the license(s) and mark you as licensed. This will enable you to receive commissions. [ back to top]

What states are you licensed to write business in?

We are currently in the following 35 states: Arizona, California, Colorado, Idaho, Illinois, Minnesota, Montana, Nevada, North Carolina, Ohio, Oregon, Texas (most counties), Utah, Washington, Wyoming, Connecticut, Florida, Georgia, Indiana, Iowa, Maine, Maryland, Mississippi, Missouri, New Jersey, New York (commercial only), North Dakota, Pennsylvania, Rhode Island, South Carolina, South Dakota, Tennessee, Virginia, West Virginia, Wisconsin [ back to top]

Do I need E&O coverage?

Because all policies are written under the umbrella of our agency, you do not need your own E&O coverage. This more than offsets the cost of your membership with I-insureme, as this coverage ranges from $800-$1,500 per year.[ back to top]

Who is Dickinson Insurance?

Dickinson Insurance is the agency that I-insureme has partnered with to handle quotes, paperwork, claims and customer service. James Dickinson started Dickinson Insurance on July 9th, 1984. His son, JD Dickinson, purchased the agency in 2,000. In 2011, JD partnered with Daniel Graisy to mutually run Dickinson Insurance. Click Here to visit their website. [ back to top]

What types of insurance do you write?

Personal: Auto, Home, Renter's, Dwelling Fire (rental properties), Watercraft, Umbrella, Motorcycle, ATV, Personal Article Floaters, Motorhomes, Antique Cars, Manufactured Homes, Condos, Snowmobiles, etc.

Business: Builder's Risk, Business Auto, General Liability, Commercial Property, Bonds, Contractor's Liability, Commercial Umbrella, Worker's Compensation, etc.

Specialty: Construction Liability, Bars/Restaurants/Taverns, Employee Benefits, Public Entities, etc.

PLEASE NOTE: We do not write stand alone renter's policies. [ back to top]

Are your insurance rates competitive?

As an independent broker, we represent dozens of insurance carriers. This gives us a tremendous advantage over most insurance companies, as we can meet or beat the cost of your current coverage the majority of the time.

If you find that we cannot beat your price, we will look into adding your insurance company to our portfolio. This is not always possible, as not all insurance carriers allow for independent brokers to represent their company. However, because the concept at I-insureme also allows you to earn a referral fee on your own policy, you still have the potential to pay a net lower cost. [ back to top]

Which insurance carriers do you represent?

Although we have top contracts with dozens of insurance carriers, here are a few of the most well-known: Travelers, Safeco, Progressive, Mutual of Enumclaw, The Hartford, Viking, Kemper, Liberty Mutual, Allstate, Foremost, Hagerty, Stillwater, Philadelphia, QBE, Red Shield, and Zurich. Click Here for a full list of the carriers we represent.[ back to top]

How can I ensure that my insurance rates remain low?

It is no secret that insurance companies try to attract safe drivers who avoid filing claims. This allows them to keep their rates down and still remain profitable.

There are four things that you can personally do to keep your rates as low as possible:

a. Be a safe and defensive driver
b. Avoid filing unnecessary claims
c. Increase your deductibles
d. Avoid unnecessary coverage (we can discuss this with you on the phone)

Once we have thousands of safe drivers with a lower claim per insured than the industry standard, insurance companies will approach us with even better rates than we currently have. [ back to top]

What happens if my insurance rates go up?

We can provide another quote from any of our other carriers, making sure you always have the best price. This also allows you to continue to earn a commission on your policy. [ back to top]

Who handles the quotes, paperwork, claims and customer service?

One of the greatest benefits of teaming up with iINSUREme is that we handle all of the quotes, paperwork, claims and the majority of customer service.

You may have a friend or family member who is covered through you and is not in the business. In other words, you are their agent. They will likely call you first with any questions they may have or if a claim needs to be filed. Your back office will provide you with client information, including your client's insurance company and a 24-hour customer service number for claims. Whether you are an experienced agent or brand new to the business, you simply provide them with the phone number of the carrier. We are financially motivated to keep your customers "on the books", so we will do everything to make sure they have a great experience. [ back to top]

How long has I-insureme been offering Property and Casualty insurance?

The owners of I-insureme have been licensed since 2001. iINSUREme has also teamed up with a national independent insurance agency that has been in business since 1980. With thousands of clients, we know what it means to offer great customer service. [ back to top]

How do I file a claim?

As an independent broker, we represent dozens of insurance carriers. You will contact the insurance company directly that insures you. If you lose the contact information, please feel free to call Dickinson Insurance. [ back to top]

Do my referrals need to join I-insureme in order to receive a quote?

Absolutely not. The setup fee to join I-insureme only applies to those interested in building a P&C business.

If a person simply wants a quote, they can fill out the information at the website of the agent who referred them. There is no cost to receive a quote. [ back to top]

Can I join before getting licensed?

Absolutely. In fact, we encourage you to do the following in order:

a. Join I-insureme and begin building your agency by placing ads, passing out business cards, pointing people to your site, and plugging into our turn-key marketing solutions.
b. After you have joined I-insureme, immediately review your personal insurance to see if you can get better coverage, better pricing or both through one of our carriers. You will begin to earn referral fees on your own policy as soon as you get licensed.
c. Begin studying to get licensed. We have a relationship with TesTeachersOnline to get you discounted study materials (normally $150 - we get it for $50).

You will find that joining, beginning to build your agency and getting the best coverage for the best price will take very little time. After you have set that up, focus 100% on getting licensed within your first 90 days. [ back to top]

What are the ranks in the company?

Rank 1 - Affiliate: This is someone, licensed or not, who has joined I-insureme with a goal of marketing our services.

Rank 2 - Provisional Agent: This is a non-licensed affiliate who has referred a minimum of $2,000 in Personal Annualized Volume (PAV) (this can come from your personal coverage). Provisional Agents are able to begin building their agency even before they are licensed. Every insurance policy that is written within their agency is linked to them as long as they are active. As soon as a PA obtains his/her license, he/she will begin earning monthly residual referral fees on all policies for which he/she qualifies (see ranks/qualifications below). This includes all policies written prior to being licensed and all future policies. Because we cannot pay referral fees retroactively, all referral fees are paid on an as-earned basis.

Rank 3 - Agent: This is a licensed affiliate who has referred a minimum of $2,000 in PAV. Agents earn insurance referral fees on all personally referred policies (your own policy and any personal clients) as well as overrides on 3 levels of affiliates' policies and their clients' policies.

Rank 4 - Senior Agent: This is a licensed affiliate who has referred a minimum of $10,000 in PAV or has a minimum of $60,000 in Group Annualized Volume (GAV) with no more than 1/3rd of these premiums from any one leg. In other words, a minimum of $20,000 in annualized volume must come from three separate legs. This position allows you to earn overrides on 4 levels of affiliates and their clients.

Rank 5 - Managing General Agent: This is a licensed affiliate who has referred a minimum of $25,000 in PAV or has a minimum of $150,000 in Group Annualized Volume (GAV) with no more than 1/3rd of these premiums from any one leg. In other words, a minimum of $50,000 in annualized volume must come from three separate legs. This rank allows you to earn overrides on all 5 levels of affiliates and their clients.

Minimum requirements for each rank must be maintained.[ back to top]

How do I get paid?

Referral fees are paid out monthly via company debit card. By the 5th of each month, a referral fee report is produced that represents all new referral fees for the previous month. On the 15th, if your referral fee balance is $10 or greater, we will credit that to your debit card.

PLEASE NOTE: It can take up to 90 days before sales show up on our monthly commission report. Once we receive the report, we will upload it. Any referrals that you have made will show up in your back office at that time. [ back to top]

Can you explain how referral fees are paid out?

Depending on the carrier, referral fees paid to the field range from 2.5%-9% of the annualized premium (the average is approximately 5%); however, referral fees are paid out monthly to avoid chargebacks and encourage non-licensed members to get licensed.

50% of the referral fee is paid to the referring member (this is you on your own policy and on any of your personal clients) on the first $50,000 in annualized premiums referred.

The remaining 50% is paid out in 5 levels of overrides as follows: 2.5%, 5.0%, 7.5%, 12.5%, and 22.5%.

A member will receive 100% of the referral fee on any premiums above $50,000.

A Property & Casualty insurance license is required to earn these insurance referral fees and overrides. [ back to top]

How do you define a "qualified" quote?

A qualified quote is defined as submitting information on a person who:

a. Currently has insurance
b. Has been with their current insurance company for at least 6 months
c. Has avoided any major moving violations (e.g., DUIs, reckless driving, no insurance etc.) in the last 5 years
d. Is willing to switch if we can get them better coverage, better pricing, or both

Although not required, we have found that those who are married and understand the importance of proper coverage (we simply will not write state minimums, as it is terrible for the client) have the highest probability of becoming happy, long-term clients. [ back to top]

Am I required to write my own policy?

The short answer is no; however, we believe you should be a product of the product. Also, all referral fees are contingent upon referring a minimum of $2,000 in annualized premiums, which can easily come from your personal policy(ies). It is hard to market a service you do not personally own ("You should really have this even though I don't!") [ back to top]

What is included in monthly affiliate fee?

a. Personalized website for enrolling new agents and submitting business online
b. Agent back office with marketing materials, genealogy and income reports, and client information
c. Customer Service Center to handle insurance quotes, paperwork, claims and customer service
d. Debit card with company logo to receive referral fees each month (can be transferred to your bank account)
e. You are paid as a referring agent, as we are the selling/servicing agents. You do not need E&O coverage to earn a referral fee. Typical E&O coverage runs about $1,200 per year.
f. The Agency Building Center sales and marketing funnel. [ back to top]

What are the hours of operation and location of I-insureme and the Agency Building Center?

I-insureme and the ABC are open from 9am to 5pm Arizona time Monday thru Friday. (Please note that Arizona does not change with DST) IIM is located in Mesa, AZ. [ back to top]

What are the hours of operation and location of the Customer Service Center?

The Customer Service Center is open from 8am to 5pm PST Monday thru Friday. The CSC is located in Post Falls, ID. [ back to top]

What is the Affiliate Building Center?

This is one marketing tool that every business builder should have.

What would it cost to hire 1 full-time person to follow up on all of your prospects for you?

As an active affiliate of I-insureme, our in-house ABC staff will do the following:

a. Email you a unique phone # that you can/should use in all of your marketing
b. Upload a qualifying message for prospects to listen to
c. Help you set up an email that you can access to view any leads you generate and that will automatically forward those leads to the Affiliate Building Center
d. Listen to all messages, eliminate the negative ones (so you don't have to listen to them), transcribe the good ones, and add the prospect information to the Company Newsletter and your CRM
e. Our voicemails and emails direct prospects to view one of our presentations (either live or online) and then schedule a 1-on-1 phone consultation
f. Once they've done so, our in-house sales professionals will call your prospects, answer their questions, add notes to the CRM (so you can track their progress), and enroll them into your business when they're ready

Then... YOU GET PAID... every month for as long as those affiliates generate business.

Imagine building a long-lasting residual income without ever having to talk to anyone!

[ back to top]

How do I receive credit for my own insurance purchase and for any customers that I refer to my site?

At the end of the get a quote form, there is a required field asking for the Agent ID#. If this is your own policy, you enter your own Agent ID#. If you have customers who are not in the business that fill out the form, they will use your Agent ID#. When we receive a commission report at the end of the month, each policy is linked to an Agent ID#. Our software then calculates the appropriate referral fees and overrides. [ back to top]

What sets you apart from every other income opportunity?

There are four areas that set us head and shoulders above the rest:

a.Our product is required by law to own
b.Your price is almost always the same or better than what you are currently paying
c.You can earn a referral fee on your own policy and overrides on other policies, thus turning a necessary expense into a residual income
d.We have a staff of insurance and sales professionals that will help you build your business [ back to top]

What is the Business Litmus Test Question?

The Business Litmus Test Question helps you to determine if a business offers a viable opportunity based on a true consumer base or if it is a hyped-up opportunity based primarily on recruiting others to generate income.

Recruiting people into a business is not bad as it allows one to leverage his/her time through the efforts of others. However, if the income generated by the business is done primarily through recruiting, high attrition is certain and the business will likely fail.

If a business can answer "YES" to the following question, then it offers a true opportunity for long-term growth and income:

"Would I, or would anyone, purchase this product or service at its current price, even if there were no business opportunity involved?"

As you apply that question to the myriad of business opportunities available, you will find that most businesses must truthfully answer "NO".

Now, let's apply it to iINSUREme: Will people buy home and auto insurance at a better rate than what they are currently paying even if there were no business opportunity involved? The answer is a resounding "YES". However, because we do offer the realistic opportunity to build a long-term, residual income through online presentations and a staff of professional telesales reps, iINSUREme is a business like no other. [ back to top]

What is attrition and how does I-insureme avoid it?

Attrition occurs when people quit a business and the income derived from their subscription, membership, or product/service purchase goes away. This usually happens due to these 3 reasons:

a. The price of the product/service is inflated to pay out commissions to multiple people.
b. The business associate is buying the product/service for the sole purpose of generating income (not because he/she is truly interested in the product/service).
c. After a while, the business associate determines that the income he/she is generating is not enough to justify staying active in the business.

Here are 3 reasons why the I-insureme business model is almost completely attrition-proof:

a. A person who takes the time to get licensed is much more likely to work harder, remain active in the business, and do whatever is required to build a long-term residual income.
b. Our agents save money on their insurance.
c. Our agents earn referral fees on their own policies, their client's policies and overrides on the policies of potentially thousands of other agents and their clients. We have shown them how to turn a mandatory expense into an ever-increasing residual income. [ back to top]

How do you define an active affiliate of I-insureme?

An active affiliate is defined as a person paying the monthly affiliate fee.

PLEASE NOTE: If an affiliate has not made payment within 14 days of the regularly scheduled withdrawal date, his/her account will be canceled. [ back to top]

What is the Retirement Rescue Program?

The Retirement Rescue Plan is a strategy that shows people how to turn a one-time small deposit ($1,000) into over $1.2 million in as little as 10-20 years. For a detailed explanation, please watch the introduction video by Clicking Here. [ back to top]

Who needs a Retirement Rescue Program?

Although this program can work for anyone at just about any age, it was primarily designed to help those who have 20 years or less until retirement and have little to no retirement savings. According to the Employee Benefit Research Institute, this represents 57% of this demographic. [ back to top]

How do I get paid to share the RRP with others?

For a detailed explanation, please watch the RRP Opportunity Webinar by Clicking Here. It is Step #2. [ back to top]

Can my RRP be set up inside an IRA/Roth IRA?

Yes. Here are a couple companies that can help you set this up:

1. Millenium Trust Company
2. Midland IRA [ back to top]

Which broker do you recommend using?

I-insureme cannot recommend any particular broker. However, CahsBackForexUSA provides a great comparison of 2 US brokers (Forex.com and Oanda.com). This company will also pay you a rebate for every trade that you enter. [ back to top]