- Report: #640955
Complaint Review: Premier Annuity Prospects - Fall River Massachusetts
Reported By:
GeraldB -
Boston, Massachusetts, United States of America
Submitted:
Updated:
-
Author Not Confirmed
Why?
Premier Annuity Prospects
114 Durfee St Fall River, 02720 Massachusetts, United States of America
Phone:
800.992.9663
Web:
www.premierannuityprospects.com
Categories:
Business Rating:
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Premier Annuity Prospects Premier Prospects Premier Annuity Prospects Complete SCAM run fast, DO NOT use THEM!!!! Fall River, Massachusetts
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I used this company against my better judgement to purchase leads and appointment setting. I paid about $3,000 for the service and needless to say was completely dissastisfied.
I was told that I would see a minimum of 1% ROI of course I got the speil about "no guarantees" and you know what I got, less than 1/100 of a percent. I had 1 response on a supposed 7,000 piece mailer. I come to find out that this company that I thought was an exclusive lead company providing direct mail leads exclusively was in fact a broker/dealer back door soliciting the mail that I paid for.
So agents beware of any contact from Premier Annuity Prospects, a guy by the name of Peter LePage runs Natonal Annuity Brokers and his daughter runs this company and together they work in kahoots to steal your hard earned direct mail leads that you pay for. My advice find another way more lead company!!
1 Updates & Rebuttals
Jarock74
east taunton,Massachusetts,
USA
Some truth, but here are the facts.
#2UPDATE EX-employee responds
Thu, November 11, 2010
I'm a former employee but won't discuss the details surrounding my leaving the company which is another story :)
It's true the Premier Annuity Prospects is owned by Peter LePage and that he primarily runs National Annuity Brokers.
What I contest is the general nature of the mail response. On average, an agent really can expect a return of 2.5-3% which is pretty good. Those who only invested in one mail campaign were playing a form of Russian Roulette. The agent could get anywhere between a 0.1% to 5%+ response rate. I saw the records and performed the averages for my own satisfaction while I spoke with agents and found that some areas had a better than 3% response on average. When I saw an average of below 2% I would let the agents know that we have a less-than-average response in that area (and this is how I was trained by Elisabeth so it's company policy to be honest and upfront) I worked with agents who had a great response on their first campaign and would rave about PAP. I also worked with agents who had terrible first campaigns and stuck with us trusting that the numbers would work which - USUALLY - after 3 campaigns, they would see consistency.
Agents who had the best response rates were those who did multiple campaigns spaced out every 30-60 days. It's just a principle of marketing. It takes consistency and persistence just like sales regardless of the marketing you use.
I quit after disagreements. But regarding their services, what they tell agents is the truth and I would testify in court to that effect. If I ever became an annuity agent I would use their services.
