Brightway Insurance Franchise Reviews

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Brightway Insurance Franchise Review vs Covered
by SAGE Review 
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Introduction on Brightway Covered by SAGE 

• Brightway is an insurance brokage operating in
  franchise model operating in personal line of
  business. 
• Covered by SAGE is also an insurance brokage,
  relatively new in the market operating in
  personal, commercial, life and health line of
  business. 
• Both provide similar propositions but have
  different approach to delivery methods. 

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Income model for Brightway agents

• Brightway agents earn money based on a pre-agreed
  split with the franchisor. 
• The commission split varies from 85 to 50
  depending on the model the customer chooses. 
• On all model, Brightway offers 50 commission to
  the agents. 

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Income model for Covered by SAGE agents 

• Covered by SAGE agents make money through
  commissions from sales like Brightway. 
• Company offers agents up to 95 split on new
  personal lines policies, and 50 on renewals. 
• Furthermore, it offers a 60 split on new
  commercial lines policies, and 40 on renewals. 

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Additional costs for agents- Covered by SAGE vs
Brightway

• Covered by SAGE charges an initial onboarding fee
  of 2,500, and 250 per month from the seventh
  month onward. 
• Brightway charges franchise fee of 60,000. The
  total initial investment ranges from 90,000 to
  180,000. 
• Furthermore, it employs various out-of-pocket
  fees as well as retail costs.  

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Covered by SAGE- Cost effective for agents 

•  Covered by SAGE does not charge any additional
  costs to the agents.
• Therefore, company's success is directly tied to
  the success of the agent. 
• Brightway has franchise fees, operational fees
  and other fees attached to it which makes it
  unappealing for the agents. 

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Final review of Covered by SAGE vs Brightway 

• Covered by SAGE has personal, commercial, life
  and health line of businesses whereas, Brightway
  is limited to only personal. 
• Covered by SAGE has over 35 carriers whereas
  Brightway has 25 nationally. 
• Covered by SAGE has proprietary plug-and-play
  technology and Brightway has generic (EZLynx). 

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