Insurance Agents Finally Spill the Tea on Their Commissions! | SPILL IT

#insurance #insuranceagents #mdrt

Insurance agents always get a bad rep. 😰 Many of us have experienced being haggled at MRT stations and being cold-called at the worst timings. This week on Spill It, we’ve invited insurance agents Louis Chin and Augustine Seah to debunk that stereotype! And no, they are not here to sell you insurance, but to reveal their largest commission earnings, worst client stories, and how they feel about being ghosted by old “friends”. (P.S. If you have an insurance agent, go thank them for being patient with you!)

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About Spill It: Spill It invites 2 guests of a specific industry every week to shed light on their profession and what goes on behind the scenes.

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TIMESTAMPS:
0:00 : Intro
0:53 : Game Instructions
1:12 : What’s a secret about buying insurance that only insurance agents would know?
1:39 : Share with us some misconceptions people have about your profession.
2:21 : What is the most number of times you were rejected in a day?
2:49 : Share a client-from-hell story that you will never forget.
4:48 : What’s the highest commission you have ever earned from selling a policy?
5:34 : True or False: MDRT is outdated and gives you a fake sense of achievement.
6:15 : True or False: Good looking insurance agents earn more.
6:43 : What are some of the unspoken rules in the industry?
7:02 : What is the most expensive gift/token you have bought to lure potential clients to your booth?
7:58 : True or False: I have lost a bunch of friends because I tried to sell them insurance.
8:24 : What are some questions to ask your insurance agents to test if he or she knows their stuff?
8:55 : True or False: I have considered or actually bought insurance from a different company.
9:26 : What is one thing you've always wanted to tell difficult client?
10:55 : Outro

Disclaimer: The views, information or opinions expressed in this video are solely those of the individuals involved and do not necessarily represent those of You Got Watch.

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[ilikeonline]

can we appreciate the way the editors wrote the fake message💀💀💀💀💀💀 “show me the badge”

[hahaharithz]

Do athletes next. Wanna see how come local athletes have to suffer so much just to travel for competitions and how they manage their sports on top of their fulltime jobs.

[OJYang]

I love how funny and honest Lucas is!!! I think I would trust him as my agent. Hahaha.

[rogercmk]

Thanks for the video, as someone considering the industry, it's very difficult to find information and insights on how the job is as a whole. Most of the forums or videos are mocking agents.

[heyamxnda]

Louis is damn funny LOL he is the male version of Clarissa in the SQ interview vid HAHAHAH

[randomizur]

Insurance agents will force/lure you into upgrading your policy so that you get more coverage/benefits.
But when it's time claim, there will be many excuses that your case is not covered etc etc.

[ALLSET.]

Do one on personal trainers! Curious to hear more inside stories from our industry. Happy to volunteer our peers/ourselves!

[thmeinyou]

3:14's caption - I think it's what broke the camel's back not camera's back, HAHAHAHHAHAHAH

[konohafrog]

10:30 sums up the issues faced by it dept 🤣

[Brightyization]

I don’t understand how do they “chance” upon this job? There are always insurance company trying to recruit me to be their agent. >.<

[danielwong]

Waiting for Lemonade to disrupt the Insurance industry. so far no agents has ever done a claim less than 3 minutes

[JLHeartsSHINee]

They should ask if they ever sold policies agents themselves don't believe in to their clients 🤔

[melanielawrence]

Louis is so funny.. great video btw :)

[eugene]

Ghost you means not true friends? Damn how realistic are you. God knows how much pestering insurance agents does.

[gilazz]

One for call centre staffs. Customer care officer

[jont]

Reminds me of that movie glengarry Ross

One of the clients would frequently approach their salesman and invite them out to lunch and promised to buy lots of later found out the guy was stark raving mad and lonely and just like talking to salespeople.

[joellim]

I can fully understand how the last lady feel. Just like her, I experience before the insurance agent left the industry but did not tell me anything, did not set up GIRO for me too. when payment missed and policy lapse, I was not even informed. very terrible. I also met insurance agent who sell me medical insurance but when need to claim for medical expenses, nothing could be claimed. I'm surprised this woman still buy insurance from this company. I terminated all my insurance immediately. Before you pay them they provide good service, after you pay them, they disappear, cannot be contacted or leave the industry also never inform their clients. The problem with this insurance industry is that it is the insurance agents who gives this industry a bad name.

[EnHao]

You should do one where you ask peeps why they left as agent 🤷🏻‍♂️ its not just about the numbers or laziness as they claimed

[tommyGeylang]

Next can u do one on used car dealers in Singapore ?

[mariantia]

Everything has their timing. Million dollars insurance agent no longer exist. The past batch in early 1990 to 2000 made them very rich.. Then was property agent, ...nowsaday all this industry no more so profitable as the past.. All market so stagnant and profit share with so many...if not, why the top tier move away and do other work.. Now everyone turn to hawker or food business. This is reality..