The 4 Levels of an Insurance Career Path

You may see many newspaper ads tying to hypnotize a prospective agent stating how easy it is to make $100,000. Moreover, they emphasize it can be done in the first year. Please give me a nickel for the 1,500,000 licensed life and health insurance agents that cannot achieve that. ($75,000 if you are calculating). Before $100,000 of income can be reached, most agents must achieve at least the third if not fourth level.

LEVEL ONE This is the insurance trainee, just starting out and continuing the first 12 months. This level is actually more about survival than it is about earnings. Many insurance trainee agents deplete savings accounts, ask relatives for loan assistance, and even take out a second mortgage on their house. Either they should have never applied for the position or the insurance agency has provided inadequate assistance to ease the agent’s burden. In the majority of cases, it is the later. Only 20% of agents struggle by, only to encounter another enduring battle.

LEVEL TWO This is the insurance rookie, who will be facing three more years of uphill challenges. Again, survival appears in the picture, along with enough income to keep from going under. The life preserver is based on both the agent’s attitude and selling skills. Selling skills start with finding the right people to focus your attention on. People that fit into your comfort zone and have a need for an insurance product you are familiar enough selling. This leads to giving a sufficient quantity of appointments. However, company provided scripts are a hard way to go when doing a presentation.. Of the appointments made, can the still inexperienced agent produce enough sales for a decent income? Only 8% of the starting agents now remain.

LEVEL THREE These are the insurance innovators with over 4 years experience and under 8. Why are they innovators? To survive the have broken just about all the career company rules of the plan to success. First, they have tossed out the insurance company presentation book, sometimes in favor of a plain yellow legal pad. The company presentation speech has been discarded in favor of a friendly conversation. The insurance innovator uses a lead acquisition system that quickly brings out the highest qualified prospects. This agent has stopped becoming an insurance seller. He now helps guide the prospect to a tailored plan that turns the prospect into a buyer. In addition, the insurance innovator has a valuable base of built up clients for additional sales.

As insurance is now officially a career, few of these agents drop out. Many start to specialize in selling fewer products. A lot now are semi-independent and some even have their own firms. For others they make take a new direction, with a different company or firm that seems much more promising. Incomes are often comparable or higher than the national average.

LEVEL FOUR The true insurance professionals. Numerous pros are fully independent. They have often signed contracts with six or more independent life insurance carriers. Others are semi-independent, who have not quite yet taken the final break away step. Do not assume that all are financial planners exclusively serving wealthy clientele. There are countless professionals selling long-term care and medicare plans to seniors, others are specially in writing employee benefit plans to employer groups. The typical income range is from $70,000 to $110,000.

In insurance, you do not go to college for 6 to 10 years to become a specialist. You learn through trial and error and your intuition. There are no books to study, only some continuing education courses that are product based. You progress with self-learned selling skills plus the severe determination few salespeople possess. It is an insurance career path without shortcuts.

Legal Considerations When Planning Events

You’ve booked the speaker, hired a hall, recruited a team of volunteers and prepared a marketing plan. If that wasn’t enough, you must also ensure your event does not fall foul of various legal issues. Exact event legal requirements vary from place to place and the rules that apply depend on the type of event. The list below points out the major issues you need to think about, but you should also take advice from the administrator of the organisation(s) involved in your event. If you’re not sure about any of these items you can discuss them with your venue, as they should have experience with them.

Premises Licence

If you are going to invite the public to see a play, watch a film, or listen to live or recorded music, or something similar, you need to do so in premises that are correctly licensed. The licence will determine exactly what activities are permitted and between what hours. Don’t assume you can have a concert run beyond 11pm without checking the licence permits it. If the premises don’t have the correct licence you can get what’s called a Temporary Event Notice, which is effectively a short-term licence. For more information contact your local council.

Serving Alcohol

Selling or supplying alcohol is also regulated by the premises license. Not only do you need to have the correct license arrangement in place, you also need to ensure someone present is a Personal Licence Holder. The penalties for breaking the rules around the supply of alcohol can be very severe so take great care in this area.

Health & Safety Requirements

It’s essential to understand who is responsible for health and safety matters and to perform the correct risk assessments.

The venue will be responsible for premises-related health and safety, such as trip hazards from worn flooring, or emergency evacuation. But event organisers take responsibility for event equipment, such as trip hazards from power cables for speakers or other equipment brought into the venue.

You will need to perform risk assessments and document them. Think about what sort of things might go wrong and the possible outcomes.

Public Liability Insurance

You need to have public liability insurance in place for your event. What happens if an elderly visitor to your event slips in the car park and breaks their leg? Or if a piece of equipment falls on someone and injures them? These things do happen so you need to have the right insurance in place. Liaise with your venue to see what is covered by their insurance, and what isn’t.

Noise Levels

Usually you will only have issues with volume if your event features a particularly loud band or will take place late in the evening. Some premises are subject to noise abatement orders, meaning they’re legally obliged to measure noise and keep it below a certain level. Other premises need to give due care and attention to their neighbours.

Disabled Access.

All newer premises are required to provide full access and facilities for disabled people, but older premises are not. Event organisers do not have to ensure access for disabled people, but it’s good practice to do so wherever possible. Where it’s not possible the publicity should point this out.

Food Hygiene

If you are serving food to the public it needs to have been prepared and stored in accordance with food hygiene regulations. Someone with a food hygiene certificate should take responsibility for managing the catering.Premises that are regularly used for food preparation are inspected by the local council from time to time.

Parking

If you are planning a major event and do expect to have enough car parking space it is wise to talk to the Police about what other arrangements might be possible. If you need to keep kerbsides clear on certain roads you can hire traffic cones from the Police for this purpose.

Child Protection

Your organisation should have a Child Protection Policy and your event should comply with this. If it does not, or if this is a privately organised function, you need to be aware of child protection issues. At the very least any volunteers working with children must have had a Criminal Records Bureau (CRB) check.

What Software Companies Don’t Want You To Know About Your Data Security Liability

Today I received an email from a client. He had a question I have been getting a lot recently. In the software world, companies have been using this topic as a way to manipulate doctors into buying their software. It really bothers me because, as a doctor, I would be really upset if I knew how much exposure they were really costing me had I bought their deception.

Two types of systems

There are two types of systems. Cloud/Web based and client server.

  1. Client Server means the server and data is stored in the doctor’s office. Then other computers in that office connect to that internal server. Each computer and the server need to have the software installed on them. The software needs to be updated on a regular basis. Examples are Chirotouch and Platinum
  2. Web/Cloud means the server and data is stored in the cloud or more accurately, stored on a server that is in a data center connected to the doctor’s practice by the internet. In this case, the software itself is also stored on the same servers. You can think of it like quickbooks online version.

I want to own my data

Of course you do and you should. The lies start here. Some Client Server software companies have been telling doctors that if their data is on a cloud server they don not own it. There’s no other way to say it. It is a big fat lie. You always own your data. It doesn’t matter where the server is.

I want to keep access to my data

Again, of course. Client server companies have been telling clients for years, “if you ever leave that company you can’t access your data again”. It is a scare tactic, again a lie. If a company ever held your patient data and would not give you access to it, it would be illegal. By law cloud based systems must to store PHI (Protected Health Information) for 7 years or whatever is the legal requirement for that doctor’s state.

They will keep your data hostage

Maybe they are unaware, maybe it’s another lie, maybe they have no clue about running a business. Considering the other tactics I just discussed I have my own opinion.

The truth is we are all in business. Imagine what would happen from a PR standpoint if a cloud based system withheld access to a former client’s patient records. It just doesn’t make sense. In the age of Twitter, Facebook and other social media outlets withholding access to a client’s data for no real reason, legal or not, would be just plain stupid. Most cloud based systems have a clause in their contract for the case where a former client needs to gain access to patient files.

Again, consider the alternative. You buy a new client server system. You use it for a few years. You decide to go in another direction. Maybe you choose to move to the cloud. 5 years later a patient has a legal case unrelated to your practice and they request records that were on your old client server system from 7 years ago. By law you are required to provide them.

You go into the dark recesses of your office where your old server is. Hopefully you still have a computer connected to the server. In any case you haven’t fired either of those babies up in 5 years! Who are you going to call? How will you get the records? What if the server doesn’t even turn on?

If you don’t have a computer hooked up to that server you’d need to do so. Will a new computer be compatible? It would need to have the software installed on it in any case. Do you think that old software company will actually give you a license? What if they were bought out in the meantime? (There’s a reason all of these client server systems are getting purchased by the way)

Where is the data safest?

PHI data is some of the most valuable data on the black market. Some questions you should be asking are:

Where is a hacker most likely going to try to get such data? One might think it makes sense for them to go to a large data center where the most data is stored.

The correct answer? They will go where it is easiest to get.

Where is the easiest place for a hacker to get data?

My software is cloud based so I can tell you. Our data is stored in a HIPAA compliant data center similar to those data centers that store Wall Street Data. The data center’s security system requires biometric scanning just to enter the building. The power source to the center has diesel generator backups in case of catastrophe. In such a case the data centers are among the first to receive the diesel gas even when there is a shortage. Even before gas stations. There is 24/7 security on site. For the data center it is best practices to have the latest firewall protection measures in place and constantly update them. It’s like Fort Knox for data. The connection from the doctor’s office to the data center have the latest banking level encryption required by law. Every keystroke is protected. If you were a hacker, would that be the place you would go?

Consider their alternative.

On the other hand we have doctors who were told keeping their data in their own office was safer. Their office network in not likely to have firewalls at all and most likely they are not updated on a regular basis. There are many holes in the system a hacker could penetrate. For example, many of these systems tout online patient intake forms that send intake forms to the software server in the office. The problem is it also leaves a big fat hole for a hacker to penetrate. If I were a hacker I would do a Google search for physicians in any given area and start hacking. They are the weakest most vulnerable link.

Is there an liability if your data is stolen?

You bet. Big time. If your data is stolen because of negligence such as purchasing a software like one of these client server systems, the fines are all yours. That software company has zero liability. Even if they did I would bet they have insurance against such claims. They will never feel it. It could put you out of business.

One the other hand. With a cloud based system you have basically outsourced the liability since the system is entirely contained and HIPAA compliant. If the data center gets hacked you will most likely have zero liability. Cloud based software companies should carry hefty data security insurance policies.

What will it cost you if your data is stolen?

The fines are considerable. Remember each patient record that is compromised even if they have not been in your office for some time, counts as one occurrence. It is also PER OCCURRENCE AND PER YEAR you’ve had that patient record.

There are 4 categories. CE stands for Covered Entity which would be your office in this case.

Category 1: A violation that the CE was unaware of and could not have realistically avoided, had a reasonable amount of care had been taken to abide by HIPAA Rules

Category 2: A violation that the CE should have been aware of but could not have avoided even with a reasonable amount of care. (but falling short of willful neglect of HIPAA Rules)

Category 3: A violation suffered as a direct result of “willful neglect” of HIPAA Rules, in cases where an attempt has been made to correct the violation

Category 4: A violation of HIPAA Rules constituting willful neglect, where no attempt has been made to correct the violation

Not sure which category these examples fall under? That’s a great point. Guess what? You’ll have to pay a lawyer just to argue that point.

The Fines:

Category 1:Minimum fine of $100 per violation up to $50,000

Category 2: Minimum fine of $1,000 per violation up to $50,000

Category 3:Minimum fine of $10,000 per violation up to $50,000

Category 4:Minimum fine of $50,000 per violation

Potential Jail Time:

Tier 1: Reasonable cause or no knowledge of violation – Up to 1 year in jail

Tier 2: Obtaining PHI under false pretenses – Up to 5 years in jail

Tier 3: Obtaining PHI for personal gain or with malicious intent – Up to 10 years in jail

Source: http://www.hipaajournal.com/what-are-the-penalties-for-hipaa-violations-7096/

Will the government ever really enforce these laws?

There is a major misconception about this. In the early years of HIPAA the government did not effectively enforce many HIPAA violations. It was a typical example of the government coming up with a “great law” but forgetting it would be only as good as their ability to enforce it. So they didn’t for a while.

With the economic downturn and the lack of revenue to the government they started getting creative. That combined with the rise in data security awareness as recent as the 2016 election got the government’s attention. Who better to recapture revenue from than the “rich doctors”. The Obama administration decided to hire private parties to find such violations. The HIPAA mercenaries are paid a percentage of the penalty received by the government. Actually a good a idea if that is the business you’re in. The tiers and categories were signed into law in 2009 by president Obama as part of the American Recovery and Reinvestment Act. If you remember this was in the very early days of his administration. The first bill be signed if I remember correctly.

The answer to the question is yes.

In summary

  1. Do you own your data if it is in the cloud? Always
  2. Do you have access to your data in the cloud? Always
  3. Is your data safer in the cloud? Much safer
  4. Do you have more liability in the cloud? No, much less

Disclaimer: I am not an attorney and this article should not be considered legal advice in any way. Always consult with your attorney for legal advice on these matters.

Advantages of Healthcare Business Process Outsourcing Services

Healthcare service has turned out to be one of the largest industries for outsourcing- both in terms of income and work. Healthcare services involve doctor’s facilities, medical devices, clinical trials, outsourcing, telemedicine, restorative tourism, medical coverage and medical equipment. The global insurance interest in outsourcing has developed greatly in the current years because of the industry’s drive to lessen costs while as yet having the capacity to give quality healthcare services.

Earlier, the industry constrained their outsourcing to medical data entry and medical transcription. Yet, with the developing mindfulness that outsourcing has more prominent advantages for healthcare associations and doctor’s facilities, many are investigating into insurance data administration frameworks, clinical research, big data, medical billing, and IT to keep patient information secured among numerous others.

As indicated by Jonathan Clarke, Assistant Professor of Health Policy and Administration at Penn State University, “Outsourcing is something we ought to consider, particularly when it energizes proficiency and grows access to human services, however we should be canny about it so as not to put tolerant wellbeing at hazard.” He likewise expressed that around 90% of the doctor’s facilities in the United States are outsourcing a few services especially radiology benefit.

Four reasons the healthcare industry ought to contemplate outsourcing their non-restorative operations are:

Critical mistakes are avoided: – As per Tom Lowery in his article entitled 8 Ways Outsourcing Can Help Hospitals and Patients, US healing centres leave about $125 billion on the table every year as a result of poor medical billing practices. Also, 80% of hospital expenses contain blunders. One element that adds to this is a few hospitals are not updated with currently changing billing rules and regulations. With outsourcing, healthcare organisations can have a devoted group of prepared experts that spotlights on billing purposes.

Diminished training costs: – Healthcare organisations that outsource their procedures don’t likewise need to stress over spending additional cash for instruction, programming or staff preparing since the outsourcing accomplice sees to it that their representatives are fully informed regarding the most recent changes in benchmarks and controls.

More opportunity to concentrate on giving quality patient care:- With an outsourcing accomplice dealing with searching for a healthcare association’s staff and preparing them, healthcare providers have the capacity to concentrate on the more imperative things in the business – in this case, giving the best quality care for patients. Outsourcing will help providers to diminish their dull authoritative and overseeing workload, and permit them to give a positive patient care involvement and enhance it as well.

Save on cost without trading off quality of business: – The greatest favourable advantage of outsourcing is the lessened expenses in healthcare operations. Outsourcing brings in huge savings with its ease labour and framework. Healthcare services outsourcing can help spare organisations 30-60% of expenses. Besides dealing with staff obtaining and maintenance, having an outsourcing accomplice likewise decreases excess managerial costs since the immediate advantage of outsourcing is monetary surge.

What is an Infant Compromise?

The N.Y.S. Unified Court System, in its on-line Glossary of Legal Terms (courts.state.ny.us/lawlibraries/glossary.shtml#) has the following definition:

Infant’s compromise: a civil proceeding or motion for obtaining court approval of the settlement of an infant’s claim a civil proceeding or motion for obtaining court approval of the settlement of an infant’s claim.

Legally, an “infant” is a person under age eighteen. In New York State, an infant’s case can not be settled without the approval of a judge, not even if the parent wants to accept the settlement. This situation typically arises when the infant has a claim or lawsuit for personal injury arising out of an accident. The reason is simple: to protect the infant and tie up his or her money at least until the age of eighteen.

New York State’s Civil Practice Law and Rules provides at Sections 1206 and 1207 for the authority of the Court in these matters. A judge plays several roles. First, the settlement can be refused, if for some reason the judge feels that it is inadequate, in other words, not enough money. Second and equally important, the judge can direct where the money is held or invested for the infant. Usually, the attorney recommends a proposed course of action for the investment.

The judge also approves the attorney’s fee. If the judge feels that the attorney is seeking too large a fee for too little work, then the lawyer’s fee may be reduced.

If the sum of money involved is not large, and the infant is not suffering from any kind of mental disability that would prevent him or her from managing the money at age eighteen, the money is usually ordered to be deposited into a bank account and held jointly with the bank, for the ultimate benefit of and use by the infant. Large settlement amounts or infants who may be receiving government benefits (such as Medicaid or SSI) present a special challenge.

In those circumstances, special trusts, designed to give the child some use of the money while preserving government benefits, may be in order. Sometimes the lawyer may call on a consultant to devise a “structured settlement.” A structured settlement is designed to invest the infant’s money profitably, while ensuring that the money is paid out over time, and not all available to the infant at age eighteen. Structured settlements can span years, with payments made monthly or quarterly, and with larger payments timed to coincide with anticipated college tuition or the purchase of a home, or anything that the infant, parents and attorney can anticipate.

Under certain rare, emergency circumstances an infant’s money can be withdrawn early – before the eighteenth birthday. But this requires a judge to approve the request, and judges are careful to ensure that the money is not being used for the family’s regular living expenses.

Some terminology:

An infant or infant’s “compromise order” is the paper signed by a judge approving the settlement of the infant’s claim, authorizing payment to the attorney, and empowering the infant’s parent to sign a release settling the claim.

An infant or infant’s “compromise hearing” is the courthouse meeting where the judge considers the settlement. Present are the judge, attorney, parent and infant. Typically, the judge makes sure that the terms of the settlement are fair and understood by the parent and, if he or she is old enough, by the child. Also, that they know that the case or claim is being settled and disposed of forever; there is no going back for more money, at any time. The judge may also ask the infant some questions about his or her physical condition, to try to see if any injuries have healed, or look at any scars that the infant may have suffered, as part of the process of evaluating the fairness of the proposed settlement.

Protect Your Eye-Wear With Glasses Insurance

Insurance is available for many reasons. Some require cover to protect their home while others need insurance to tend to their medical needs. One perhaps less known variety of policy is that of glasses insurance. This type of cover will protect not only the frames but the lenses as well. Here are some great reasons to obtain an eyeglass insurance policy from your insurance provider.

Expensive Eyeglasses Require an Inclusive Insurance Policy

You will often find that eyeglasses are unlike any other accessory which you own as they are pricey and necessary. When you want to protect your eyeglass investment, the best way to do it is via an inclusive insurance policy. Insurers have found that eyeglass insurance policies are high in demand these days and usually have at least one good insurance policy per company which covers eyeglasses. By obtaining an eyeglass policy you can feel safe and relaxed knowing that you won’t have to pay for expensive eyeglasses should they be lost, stolen or break.

The Benefits of Glasses Insurance Outweigh the Cost

Some may hesitate purchasing an eyeglass insurance policy stating that they don’t want to pay the monthly or annual premium. However, when you consider how much your eyeglasses cost to purchase and how much you will have to spend should they break or get lost in the shuffle, you are certain to see that the benefits of this type of insurance outweigh the small cost of eyeglass protective policies.

Different Levels of Glasses Insurance

When you search for eyeglass insurance you will find that there is plenty to choose from in a policy. This opens up the opportunity for you to find a good policy for your needs and one which won’t cost a fortune.

Eyeglass insurance provides a way for eyeglass wearers to protect their vision aid and do so in a cost efficient manner.

Here's Why Small Businesses Should Tap Bookkeeping Services

Entrepreneurs know the value of proper bookkeeping but with so much on their plates, it is impossible to be a one man team who runs the business, take care of minor details, or possibly tracking the money going in or out. Owners of small businesses who need a bookkeeping service can either hire an in-house bookkeeper or outsource the work to a bookkeeping service company.

The way we do business has changed with the availability of technology. Bookkeeping services help businesses with their backend needs such as properly monitoring accounts payable, accounts receivable, expenses, profits or losses, among other contractual accounting concerns of your business. A bookkeeping service can do all this without having to be physically present in your office. Here are some top benefits of outsourcing your bookkeeping needs:

No Headaches, More Time

Doing all the bookkeeping by yourself or in-house will actually be time that is not sent wisely. The time you will devote for such tasks can be sent thinking about marketing your business, crafting new products, improving processes, among others. When you hire a bookkeeping service, you can spend more time thinking about how you can improve your brand, achieve your goals, or disrupt the industry and influence meaningful changes.

Cost Effective

If you will hire an in-house employee to do all the booking tasks for you, then be ready to pay more. Do not forget to include in the equation benefits to pay, payroll taxes, retirement plans, sick leaves, medical insurance, among others that you are required to do by law for your employee.

When you hire bookkeeping services you can hire them on a per task basis or pay them hourly, weekly, or monthly depending on your needs and agreement with them. Everything will actually depend on your needs, the size of your company, and the amount of work that needs to be done.

Experts Doing What They Know Best

Bookkeepers will do bookkeeping best. Not that you are bad in numbers but let us just say that it is best to leave these things to the experts. Bookkeeping services have teams and teams of accountants and bookkeepers that know what they should do even when they are half asleep. The highly-skilled bookkeepers will be there to handle all your questions and concerns. What's best is that they will not scratch their heads but provide answers and solutions that can help you run your business better.

Bookkeeper vs. A Team of Bookkeepers

When you outsource your bookkeeping needs, you are actually tapping a good pool of talents that can help each other to serve your brand. What's great about this is that it will not cost you as much when you hire an equivalent number of accountants or bookkeepers to work in your office.

Scalability is also a non-issue when you outsource your bookkeeping needs. As your business grows and as your needs diversify, a bookkeeping company can easily adjust to them as they already have the manpower and systems to do so.

Quality Work

Numbers is everything for bookkeeping services. They live by the numbers and quality checks are in place to make sure errors are avoided at all cost. Remember that a bookkeeping errors can cause major headaches for business owners and you want to avoid that by forming a good relationship with a bookkeeping service with the best people to do the job and the best technologies and systems to make sure everything is as accurate as possible .

For more information visit – http://laleablack.com/

Are Prescription Glasses Covered by Insurance?

Many people wonder if the cost of their prescription glasses is covered by their insurance plan. The answer is that it varies tremendously from plan to plan. Before you pay out of your own pocket for prescription glasses, take a look at your plan to determine whether or not you have vision coverage.

What Most Insurance Plans Cover

Most medical insurance plans cover losses of vision and finances due to eye injury or disease. In other words, if your eye is damaged in a car accident and you require the services of an eye doctor, it will be covered. Most medical insurance plans do not cover typical “wellness” care for your eyes, such as prescription glasses and routine eye exams, unless the plan has a vision insurance policy attached to it.

Adding Vision Insurance

If you are part of a group insurance plan, you may have the option to add vision insurance to your policy. This is usually considered a value-added benefit that is attached to a traditional health insurance structure. Whether you have indemnity health insurance, an HMO, or a PPO, you may have the opportunity to add vision insurance. By adding this coverage, you will be able to access a network of eye care providers and specialists, as well as coverage and discounts on your routine eye care. This usually includes the cost of prescription glasses.

Paying for Vision Insurance

Adding a vision benefits package to your health insurance adds an annual premium amount. You may also have a deductible that you have to meet before the insurance will cover your eye care. Typically, the premium will be an amount up to $144 a year, and the maximum deductible is typically under $40. Each plan is different, so be sure to read the fine print, but you will pay more for this coverage if you pay for your own health insurance. Some companies provide this as part of their overall healthcare benefits, so read your policy to see if you are covered.

In general, those with vision insurance will receive:

– A yearly eye exam

– Eyeglass lenses and frames

– Contacts

– LASIK discounts

Some providers will put limits on their coverage, such as only allowing the insured to get new glasses or contacts every other year. They also may put a limit on the amount they will pay for frames, which means you will pay a little out of your pocket if you want designer frames.

Tips for Using Vision Insurance

Before you schedule an appointment, check with your benefits information packet to see what doctors are covered. Remember, you will need to use a doctor in your network if you want to be covered. If you need to see a doctor who is not in your network, you may still be able to have your prescription glasses covered by filling your prescription elsewhere, but you will have to pay out of pocket for your exam.

When it is time for your eye exam, make sure you talk to your optometrist about your insurance. Most policies require the doctor to seek pre-authorization before they treat you if you are going to be covered. If this is necessary, have the doctor make the necessary calls before your appointment.

When you arrive for your appointment, present your vision insurance card. You will be asked to pay any deductibles or co-pays associated with the coverage you have. After your exam, the doctor or his staff will help you choose frames. If you have limits on the amount you can spend for frames, make sure you are looking at covered options.

If you are lucky enough to have prescription glasses coverage, make sure you take advantage of it as often as you are allowed. This will ensure that you have updated glasses as often as you need them, helping you see the world around you clearly.

Freedom Equity Group Review – Should You Join?

So if you’re reading this Freedom Equity Group Review, chances are you’re thinking about becoming a member and you’re doing some research online. If that’s the case, look no further. In this third party article, I’ll give you all the essential details you need before joining. Now real quick… I do want to disclose that I am NOT a Freedom Equity Group member nor am I affiliated with them in any way. In fact, it really doesn’t matter to me one way or another if you decide to join or not. This is important for you because you know at least you’ll be getting an unbiased perspective of the company. With that said, let’s get started…

First things first, let’s talk about the company itself. In my opinion, having great products and a lucrative compensation plan comes second to having a solid company with a stable infrastructure that can handle future growth. The company was started in 2002 so it’s not a start-up company which is good if you’re looking for a company that’s a little more stable. The management team is very experienced and their field leaders seem to be very professional. The company is based out of California and is partnered with some very reputable companies like Fidelity & Guaranty and National Western Life. My suggestion is if you’re dead serious about joining and building a long-term business with them, take the time to visit their corporate office in Arroyo Grande. Sure you might be coming out-of-pocket for travel expenses, but if you’re doing real due diligence it just makes sense to meet with people at the home office. Of course, if your goal is just to make a couple of bucks here and there, then you probably don’t have to take the time to visit the home office. But if you’re looking to build a long-term business that you can earn 6-figures (or multiple 6-figures) a year with, then it’s worth it. Speaking from experience, I wish I had done this before joining some companies. It would have saved me a lot of time and frustration.

Freedom Equity Group’s main product is Index Universal Life Insurance, or IUL. It’s a form of permanent coverage, unlike Term Insurance which is coverage for only a set period of time. In addition to life insurance, IUL also provides a savings vehicle whereby you can accumulate and grow your money tax-free. And if that wasn’t enough, the policies they sell also provide Living Benefits, which allows you to use your coverage without dying. Everyone needs to be educated about these essential financial services so you’ll have a huge market to promote your product to should you decide to join.

As far as the compensation plan goes, it’s pretty straight forward. Based on the earned position you have, you’ll earn up to 93% of the annual premium of all your personal clients. For example, if you have a client that pays $250/month, you’ll earn a percentage of the annual premium which is $3,000 in this example. Let’s say you’re a District Manager (which is the third position in the compensation plan), you’ll earn 50% of the annual premium which would be $1,500. Not bad at all for one client. Keep in mind that you’ll most likely get 75% of your commission up front and 25% of it later. And you’ll get paid after the client is approved which may take 30-90 days depending on the underwriting process. That said, you’re still earning a very healthy commission while providing essential financial services to people who need help.

If you decide to build and grow a team, you could also earn up to 63% overrides on sales made by reps in your team. Sound good? That’s because it is… you can earn hundreds (and even thousands) of dollars when someone on your team completes a sale. The “drawback” (for lack of better term since it may not be a drawback at all depending on how you’re looking at it) is that you need to recruit about 10 people to get 3 or 4 licensed, and about 1 of those will be active and producing. Of course, if you find a way to recruit licensed reps that are joining with a license already, then you could probably beat those numbers.

In addition to personal and override commissions, you’ll also earn renewal income, Generational Overrides if you build other leaders and you could also qualify to make money on the whole company via Bonus Pools you could participate in. Overall there certainly is a lot of money you could make if you build your business a certain way and you’re OK with how life insurance companies pay commissions.

So is Freedom Equity Group a good company. The short answer is YES. The company has been around and the management team is solid. Should you join? Only you could answer that. If you’re looking for a more professional service to market and you like the idea of sitting down with people and helping them solve their financial problems, then FEG might be the company for you.

Here are my three suggestions before you join. One, take the time to study the company’s system for building the business so you’re in alignment with the company’s culture. For example, if the company’s entire culture revolves around home appointments, and you want to incorporate online webinars and conference calls, then there might be a clash. Two, find a sponsor and team that has a system you could leverage to build your business. For example, ask to see the document or training they have in place to get unlicensed people licensed. Do they even have a system? Or do they just leave the brand new rep to get licensed on their own? And last but certainly not least, I recommend using Attraction Marketing to generate a consistent flow of quality leads. Sure you could tap into your warm market, but just imagine how big your team can get if you had 20+ targeted leads hitting your inbox each and every day. If you could apply these three things, there’s no telling how prosperous your FEG business can be.

Why Transforming IAM To CIAM Is An Asymptotic Fantasy

It has been more than half a decade since people are trying to understand the concepts of IAM and cIAM. There is very less awareness about identity management and it may be difficult to understand the difference between eIAM (enterprise identity and access management) and cIAM (customer identity and access management). It has been quite a long time since people are trying to clear the difference between eIAM and cIAM but all efforts seemed worthless. So, let’s make things clearer and let’s be on the same grounds. The writing on the wall is bold and clear.

“It is difficult to transform eIAM to cIAM”

Do you want to know why? There are some facts which I’m going to display but before that let’s brush up some identity management concepts.

Identity: Defined

Anything which helps to identify yourself in a physical world can be termed as identity. Generally, government ID cards are used for fulfilling the purpose. Thus, an identity card is issued for the purpose of allowing some privileged access to a rightful person and it can be used in various segments of society.

Digital identity: Defined

Digital identity is your online recognition. It helps to identify yourself as a person in real world. A person may have multiple digital identities according to his or her needs. But, digital identities are only entertained for a particular website or a network which means that a Gmail email address can only be recognized in Google network. Hence, a digital identity (an individual) gets approval to access the website. That is how a website performs the authentication process.

Access: Defined

When you get inside a premises to utilize its resources, it is called gaining access. Moreover, the sensitivity of data decides the degree of permission provided. So, public data are is easy to access such as data on websites while private messages such as emails need special authorization (which is called login). A successful login is the proof for the validation of a person.

Introduction to enterprise identity and access management

Enterprise Identity access and management is a technology which is used in organization for internal employees, contractors, and partners. The process consists of providing identities, authenticating identities and then providing them access to resources. As the name implies, the technology is concentrated to internal employees and other members related to an organization. The technology focuses on the security aspects in an organization such as restricting resources to in-house employees, providing access to employees and other members according to their profile and helping them to collaborate to work with each other. Hence, enterprise IAM promotes security in an organization.

Introduction to customer identity and access management

Customer Identity Management basically concentrates on end-users. They are meant for consumers which is totally built on different architecture i.e. consumer focused. Many other aspects are added to cIAM to make it capable of handling real-time challenges. It follows the perfect balance between meeting needs of consumers and perspectives of a business. Let’s discuss these perspectives in brief to get more insight about cIAM.

Customer perspective

Customer always prefer a user friendly environment and cIAM offers a great user friendly atmosphere resulting into a good customer experience. Many services like single-sign on, social login, and secured environment in terms of handling their personal information earn confidence of consumers. Further, the technology is device and geographically independent. It is highly responsive and available. These features make cIAM easily acceptable as no business can survive for a long time without this factors. Hence, it generates up in bad customer experience and ends in revenue loss.

Thus, cIAM fulfills the need of businesses to adopt a customer centric approach. Transaction and service is treated equally with the quality of product. Hence, cIAM is more than just a database of customers. It is truly strengthens bonds with customers.

Business aspect

When it comes to business, cIAM remains an undisputed champion. Other than getting customer’s information from cIAM, it increases the probability of providing customers an unified customer experience. Personalized attention to customers and fostering brand-customer relationship are some of the advantages of cIAM. Moreover, CRM technologies, segmentation and CMS get an upper hand while working collaboratively with cIAM technologies.

Know the difference

To be a cIAM, for an enterprise IAM is almost impossible. And these are some presentable factors.

  • An enterprise identity management solution was created to manage comparatively lesser identities with respect to cIAM. An enterprise IAM can only manage some thousand identities. But, with cIAM, the number can reach up to billions.

  • The user experience of your users gets defined in an enterprise IAM through the level of access provided to users. In other words, permissions provided to user determine the ease of their online experience. cIAM promotes user experience on the basis of personalized data received as inputs through customers. Users voluntarily provide information by registering themselves on your website. Moreover, users take help from various touch points for logging into your website.

  • An enterprise IAM needs to concentrate on its security aspects while tweaking its performance. An enterprise IAM does not see service and transaction as important factors for business. cIAM entirely supports a customer centric environment which is beneficial to business. Self management services in cIAM like password recovery and other account related options are best examples of customer centric approach of cIAM. Unfortunately, enterprise IAM does not come with these facilities.

  • Enterprise IAMs are designed for internal organizational activities and does do not support cross channel interaction or cross device implementation. It means that customers cannot interact with your business through multiple channels (social media) or using different types of devices. Supporting cross device and cross channel interaction is one of the USPs of customer identity management solution.

Hence, there ARE issues with the transformation of eIAM to cIAM. It is almost impossible to redesign an entire architecture and eIAM do lack some of the key features of cIAM. Moreover, an eIAM design is not meant for fostering relationships with customers. So, transforming an eIAM to cIAM is an asymptotic fantasy.