by ekr » Thu Jan 08, 2009 10:11 pm
i been in the life insurance for about 1 year and looking for be an independents agent. i'm currently life and series 6 license. i like to know how or what i need to do to become an independent agent. where do i find company to appoint me? any will help. thanks.
Posted: Fri Jan 09, 2009 06:51 am Post Subject:
I must say that its a very gallant attempt for an one year old agent to leave the sanctuary of captive agency and move into the field of independent agents.
Anyway, have you evaluated with the prospect of becoming an independent agent with your current employer?
Posted: Fri Jan 09, 2009 07:07 am Post Subject:
i'm currently with a captive financial company that only do term life insurance. and i found that not much people like term insurance and from that, i'm losing a lot of business. so that is why i'm thinking about going work for an independent broker. is that a good idea?
Posted: Fri Jan 09, 2009 07:18 am Post Subject:
is that a good idea?
Certainly its a good idea. And I bet that all the insurance agents like to become independent at some point of their career.
You an check out with the insurance job sites for the job openings. Also, start contacting the insurance company representatives about getting appointed by them. Your job would be to convince them that you can produce sufficient business to keep the agency running. And, for that you may need a business plan. Hence, carefully develop a business plan to show them that you are capable of making money.
Hope this helps. We have got couple of great insurance agents in the board, they may also come forward to your rescue. So, just hang tight.
~Jeremy
Posted: Fri Jan 09, 2009 07:24 am Post Subject:
yeah, Jeremy is right...its pays to have a realistic business plan available while visiting the office of the insurer. This would impress them undoubtedly.
Also, exploit the connections that you have in the industry. If you are pally with some of the agents of the same field, you may like to use their references to get the first appointment. Its always hard to get the first appointment, but after that if you are good you can add more and more companies to your kitty.
Posted: Fri Jan 09, 2009 07:52 am Post Subject:
now do i need to get business address like an office such and such. with my current company i'm with right now, i just work through my RVP and he's the broker and the one with the office. do i have to work with an independent broke or can i just work with the insurer? as of right now i'm still in the process of doing all my homework and get everything together so i'll know or have an idea of where i am.
Posted: Fri Jan 09, 2009 02:21 pm Post Subject:
I can get you contracted with several carriers. Met, Hancock, Genworth, LBL, LFG, West Coast, Banner, United of Omaha, Transamerica, AIG, ING, Prudential, North American, SunLife, Old Mutual, AXA and American National.
Posted: Fri Jan 09, 2009 05:46 pm Post Subject:
ok. that sound good. i also want to check out these company and see what their rating and services are.
Posted: Fri Jan 09, 2009 06:56 pm Post Subject:
if u have any information, please email me thanks.
Posted: Fri Jan 09, 2009 07:42 pm Post Subject:
Hey ekr,
What you need to look at are FMOs. (field marketing organizations). Most of them have many carriers and I would shop them for the best commissions. Their main purpose is to handle the contracting paperwork and product training for the carriers. For life products I like pip1.com (premeire insurance partners)
I am currently using three different ones for three different types of insurance. One for health ins, one for life and final expense, and one for medicare suppliment and long term care.
Posted: Fri Jan 09, 2009 11:04 pm Post Subject:
do u have any information on where i should look? or where i should go to?
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