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 referral fees 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?
11. Who is Dickinson Agency?
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.
PLEASE NOTE: You may refer insurance business prior to being licensed. Although you cannot earn insurance referral fees without a license, any clients you refer will be linked to you. When you do get licensed, you will begin earning referral fees on all new clients and any previously referred clients (as their policies renew). Referring insurance business prior to being licensed also qualifies you for future agency overrides and bonuses, both of which grow whether you are licensed or not.
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
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.ExamFX.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 referral fees within our agency. [ back to top
If I wanted a Non-Resident license, how would I obtain one?
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 referral fees 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 referral fees 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?
Once you enroll as a Representative with I-insureme, you will be assigned a Personal Sales Assistant with our partner, Dickinson Agency. They will send you any necessary paperwork to fill out and request a copy of your license at that time. [ back to top
What states are you licensed to write business in?
We are currently in the following states: Arizona, California, Colorado, Idaho, Illinois, Montana, Nevada, North Carolina, Ohio, Oregon, Texas (most counties), Utah, Washington, Wyoming, Connecticut, Florida (personal auto and commercial only), Georgia, Indiana, Iowa, Maine, Minnesota, 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 is approximately $1,500 per year.[ back to top
Who is Dickinson Agency?
Dickinson Agency is the company 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: For personal lines, we only write home/auto combo policies (plus any umbrella policies that may be added).
[ 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?
For a complete list of carriers, please Click Here
.[ 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 I-insureme 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. I-insureme has also teamed up with a national independent insurance agency, Dickinson 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 Agency. [ 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 ExamFX to get you discounted study materials.
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:
Affiliates earn a monthly commission on all direct sales of the IIM System. Affiliates are not able to submit insurance referrals and do not participate in Agency Overrides, the Agency Bonus, or Leadership Bonuses. All direct sales generated by Affiliates are coded to the Representative above them for the overrides and bonuses mentioned above. Should an Affiliate choose to upgrade to Representative status, he/she will only earn overrides and bonuses on all new direct sales (PSRs) from the moment he/she upgraded. Rank 2 - Representative:
Representatives earn a monthly commission on all direct sales of the IIM System. They can also earn Leadership Bonuses prior to being licensed. Representatives may begin building referral fees on insurance, Agency Overrides, and the Agency Bonus prior to getting licensed; however, no insurance-related compensation can be paid (currently or retroactively) to non-licensed Representatives. Although non-licensed Representatives cannot earn on insurance-related compensation, the monthly totals of insurance referrals, overrides and bonuses can grow prior to getting licensed. Once licensed, Representatives begin earning at the level these fees, overrides, and bonuses have grown to. Rank 3 - Licensed Representative:
Licensed Representatives earn a monthly commission on all direct sales of the IIM System, Leadership Bonuses, and may immediately begin earning insurance referral fees, Agency overrides and the Agency Bonus.[ back to top
How much do I earn from Insurance Referral Fees?
Licensed Representatives earn an average of 4% of the total annualized premiums on Personal Lines and 2% of the total annualized premiums on Commercial Lines.
A Property & Casualty insurance license is required to earn insurance referral fees. [ back to top
How much do I earn from Direct System Sales?
There is a total of $40 that is paid out in monthly commissions (or fee reductions). This commission (or fee reduction) is based on both Sponsorship
. The Sponsor will earn $20 per month (or have his/her fee reduced by that amount) and the person under whom the new PSR is placed will also earn $20 per month (or have his/her monthly fee reduced). The Sponsor may place the new PSR directly on his/her first level, thus earning the full $40 (or having his/her fee reduced by $40).
Follow Tim in the example below:Step #1:
Tim is a new Representative. He sponsors Paul and places him on his first level. Tim earns $20 as the sponsor and $20 because Paul is placed directly under him on his first level. Tim's fee is reduced to $39.95.Step #2:
Tim's sponsor, Mike, places a Rep directly under Tim. Tim's fee is reduced by $20 to $19.95.Step #3:
Tim sponsors his second Rep, Lisa, and places her under Paul. Because Tim sponsored Lisa, his fee will further be reduced by $20 to $0 (waived). Because Lisa was placed under Paul, Paul's fee will be reduced by $20 to $59.95. Although not required, the idea of placing a PSR under another Representative is to help that person reduce their monthly fee and motivate them to continue building.[ back to top
How much do I earn from Producer Overrides?
Because Producer Overrides and Agency Bonuses (below) are based on insurance referrals, only active Licensed Representatives may earn
these overrides and bonuses. However, any Representative may qualify
for these prior to being licensed.
Licensed Representatives can earn average overrides of 1.35% on all annualized premiums that their PSRs refer. They can also earn average overrides of 0.3% on all annualized premiums referred by Representatives on their second level.
To qualify for Producer Overrides
, a Representative must:
1. Refer $500 in PAV (personal annualized volume) or $3,000 in GAV (group annualized volume)
2. Personally sponsor 1 or more PSRs
These qualifications must be maintained to receive Producer Overrides
Producer Overrides are paid based on Sponsorship
. [ back to top
How much do I earn from the Agency Bonuses?
Licensed Representatives can earn the following Agency Bonuses on the first policy that any Representative refers on Levels 3-9:
Levels 3-6: $3.00 per year
Level 7: $12.00 per year
Level 8: $48.00 per year
Level 9: $180.00 per year
These bonuses are paid out monthly and are based on the following qualifications:
1. $60,000 in PAV or $360,000 in GAV
2. 4 PSRs
These qualifications must be maintained to receive Agency Bonuses
Like the residual component of Direct System Sales, Agency Bonuses are paid out monthly starting as early as the 2nd payment of the monthly IIM System fee.
Agency Bonuses are paid based on Sponsorship
.[ 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. 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
How do you define a "qualified" referral?
A qualified referral 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 combine policies (home, auto, umbrella)
e. Is willing to switch if we can get them better coverage, better pricing, or bothPLEASE NOTE:
Due to the unique nature of our model, we only write home/auto combination policies
. Not only is this better for the client, but these policies also have the highest probability to remain on the books for years to come creating the highest profitability for our representatives. [ 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. Personal Sales Assistant 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 $1,500 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
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. 70-80% of the time, you can get better coverage, better pricing, or both on your home/auto/business insurance
c.You can earn a referral fee on your own policy and build a residual income by showing other people how to do the same.
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, I-insureme 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 representatives are often able to get better coverage, better pricing or both on their insurance.
c. Our representatives earn referral fees on their own policies and can start to build a residual income showing other people how to do the same. We have shown them how to turn a mandatory expense into an ever-increasing residual income. [ back to top
Is my business willable/transferable/sellable?
Yes. For details, please refer to sections 4.24, 4.27, 4.29, and 4.30 of our Terms.[ back to top