CPA Triple Play
Medicare / Senior Services
CPA
Medicare / Senior Services
Another non-traditional revenue stream that provides another opportunity for CRA partners is the ‘graying of America’.
Did you know that each day 11,000 Americans turn 65 years old? On this milestone birthday, these individuals immediately become Medicare eligible, which translates to 62 million people.
Unlike most other insurance markets, the Medicare market is underserved. There are not enough agents to service the demand created by the Baby Boomers turning 65. Given these demographics, this trend will continue into the foreseeable future.
This market does not have enough agents to meet current demand as folks need guidance through this complex everchanging landscape. Additionally, Medicare costs the same price with or without an agent. This is a huge evergreen market for CPA agents.
What does that mean for you?
NJ Medicare supplement example:
One NJ Medicare policy = $715 up front commission (renewals at 50% commission)
Write 3 policies per month for a year = $25,749 a year
By end of year 3 with 2 years of renewals (with attrition) = $48,938 a year
CPA
How Does It Work?
Get licensed
STEP ONE
Get Licensed
To earn any kind of commission you need to be licensed. Fear not, this is not the CPA exam that you and I still remember. You will study from the comfort of your own home. You only need a 70 t0 75 passing grade, one time. You already know at least 50% of the material and 94% of people pass on the first try.
Get Connected
STEP TWO
Get Connected
Our referrals are gold and the closing rate of 95% proves that fact out. All of our providers are true professionals and experts in their respective fields.
Get Paid
STEP THREE
Get Paid
Each product pays differently. Most of the insurance products outside of life insurance pay ongoing commissions. Financial services pay ongoing commissions generally. Life insurance and mortgages are almost always one-time payments but tend to be large.