Compensation Model
GoHealth VMO believes you need to work with a partner that provides you a compensation model that is structured to assist you in building a long-term successful business. We believe we provide the most unique and also the most attractive compensation model in the industry.
We aim to achieve that goal by providing you with the two driving forces to help build your business - leads and technology. By joining the GoHealth VMO team, you will receive lead cash for issued applications. Also, you will receive discounted BrokerOffice technology, which will help you to become more efficient and effective.
Let's look at an example:
Traditional Agent Model:
Assume 10% first year commission compensation
Submitted Policies per Week = 7 (assumes a 7% close ratio)
Issued Policies per Week = 5 (assumes a 70% issue rate)
Annual Gross Income: 5 Sales x 10% x $2,500 x 50 Weeks = $62,500
Per Lead Cost* = $10
Leads Bought per Month = 100
Total Spent on Leads per Month = $1,000
BrokerOffice Technology per Month = $200
Annual Marketing Expenses (Leads and BrokerOffice) = $14,400
Annual Net Income Traditional Agent Model = $48,100
GoHealth VMO Agent Model:
Assume 10% first year commission compensation
Submitted Policies per Week = 7 (assumes a 7% close ratio)
Issued Policies per Week = 5 (assumes a 70% issue rate)
Annual Gross Income: 5 Sales x 10% x $2,500 x 50 Weeks = $62,500
Lead Credits for Issued Policies ($100 x 5 Policies x 4 Weeks) = $2,000 per Month
Per Lead Cost* = $4
Leads Bought per Month = 500
Total Spent on Leads per Month [$2,000 in Credits - (500 leads x $4)]= $0
BrokerOffice Technology per Month = $0
Annual Marketing Expenses (Leads and BrokerOffice) = $0
Annual Net Income GoHealth Agent Model = $62,500
*For illustrative purposes only.