- 783
I pay 1 yr renewals, buying a book is a great way to grow.
Buying a Medicare book of business?
- Thread starter Alexander Bialek
- Start date
1X is nuts. I would easily pay $25k for someone’s 100 book of biz. Maybe I need to look into this
Nobody’s selling you a Medicare book of business at 1x unless the avg policy is 4.5 yrs old . Show us a sell you’ve done . An agent can disconnect his phone and make 2.25 in 3 yrs or 125% more . Going rate is about 2 x and some getting 2.5
Please put me on your short list, Bob.
You are already there . . . I have a local guy ahead of you who get's first dibs but your name is next
Bobby how about me ? I’ll take great care of them !!!
Packerland
Guru
- 513
A Medicare supplement typically covers commissions for a duration of six years. When considering the purchase of a business, it's important to avoid overpaying, especially in relation to this six-year period. The value proposition largely hinges on how much time remains from these six years. For instance, if the policies' average age is four years, it wouldn't be prudent to pay double the earnings since recouping that investment is unlikely. In such a case, offering an amount equal to the earnings might be more reasonable. Conversely, if the average age is two years, paying double could be justifiable. However, every situation is unique, and thorough research is essential to make an informed decision.
- 4,707
I’m considering selling my Part D block. Sealed bids only.
Packerland
Guru
- 513
Nope
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