I am a little confused and tried reading as much as I can but need help.
I will outline my story and appreciate anyone who can help me navigate any part of this journey, or link me the proper thread.
Thank you in advance.
I own a RIA,(Financial Planning) firm.
CFP.
We focus on providing written financial plans and investment management.
Fee only.
Under another umbrella we have an accounting subsidiary. I am married to a CPA.
During our planning process we always identify their insurance levels. When their is a need we refer the work out. Mainly to Liberty Mutual. The agent we used recently retired and we were passed along to a new associate.
Very seldom did we ever get a referral back.
So now we are contemplating incorporating insurance in our practice.
We called Metlife direct and go through the process.
I have not renewed my H/L license since leaving Morgan Stanley.
Met-life suggested I call Millennium Brokerage Group, a GA I guess.
I spoke to them and have scheduled a follow up.
So here are my questions;
Is it worth the trouble?
I am guessing I would write 15-20 life insurance policies per year.
Another 10 or so LTC
How much income does that derive?
2)-who should I talk to get appointed?
A GA?, direct with someone else?
3) Is the income a one time thing or can I sell life insurance with recurring revenues?
I don't know what I don't know. What do I need to know?
I appreciate the time. Thank you.
I will outline my story and appreciate anyone who can help me navigate any part of this journey, or link me the proper thread.
Thank you in advance.
I own a RIA,(Financial Planning) firm.
CFP.
We focus on providing written financial plans and investment management.
Fee only.
Under another umbrella we have an accounting subsidiary. I am married to a CPA.
During our planning process we always identify their insurance levels. When their is a need we refer the work out. Mainly to Liberty Mutual. The agent we used recently retired and we were passed along to a new associate.
Very seldom did we ever get a referral back.
So now we are contemplating incorporating insurance in our practice.
We called Metlife direct and go through the process.
I have not renewed my H/L license since leaving Morgan Stanley.
Met-life suggested I call Millennium Brokerage Group, a GA I guess.
I spoke to them and have scheduled a follow up.
So here are my questions;
Is it worth the trouble?
I am guessing I would write 15-20 life insurance policies per year.
Another 10 or so LTC
How much income does that derive?
2)-who should I talk to get appointed?
A GA?, direct with someone else?
3) Is the income a one time thing or can I sell life insurance with recurring revenues?
I don't know what I don't know. What do I need to know?
I appreciate the time. Thank you.