Captive Life Agent Ready for Freedom! I've Seen the Light

[3boysinsurance]

I want to thank you all for all of the information you provide in this forum. I have been reading for about 2 months, and i am convinced i need to go independent. After 6 months with a captive agency, my biggest problem is i don't feel like i'm doing the best service for my clients. I really want to offer more choices for my future clients.

I'm making decent money but i'm giving up almost 40% of the commissions to my managers and so forth. I would like to get additional information on GA's in Ohio. I currently only deal in Life, yet I would like to get involved in Med Sups and Health.

I have searched hundreds of threads, but need information that will help me in Ohio.

Thanks for you time.

Mike

 

[xrac]

Re: Captive Life Agent Ready for Freedom!! I've Seen the Light

I want to thank you all for all of the information you provide in this forum. I have been reading for about 2 months, and i am convinced i need to go independent. After 6 months with a captive agency, my biggest problem is i don't feel like i'm doing the best service for my clients. I really want to offer more choices for my future clients.

I'm making decent money but i'm giving up almost 40% of the commissions to my managers and so forth. I would like to get additional information on GA's in Ohio. I currently only deal in Life, yet I would like to get involved in Med Sups and Health. I have searched hundreds of threads, but need information that will help me in Ohio.

Thanks for you time.

Mike

Good luck! You will do just fine!

 

[moonlightandmargaritas]

Re: Captive Life Agent Ready for Freedom!! I've Seen the Light

I'm making decent money but i'm giving up almost 40% of the commissions to my managers and so forth.

Mike, just don't forget that with freedom, comes...responsibility. Are you currently being provided leads and/or orphans to see?

Not saying you can't, or shouldn't, do it, but go slow - until you've got a foolproof plan for obtaining a continuous flow of new prospects!

Otherwise you'll be independent, but you'll also be dead meat.

 

[3boysinsurance]

Re: Captive Life Agent Ready for Freedom!! I've Seen the Light

Xrac and Moonlight,

Thank you for your responses. Moonlight I do plan on having multiple marketing plans in place before I take the plunge. I do really well getting referrals, so I figure worst case is I buy some leads. I have over 6 months living expenses set aside, plus a marketing budget of around $500 per month.

Thanks,

Mike

 

[Focus LTC]

Re: Captive Life Agent Ready for Freedom!! I've Seen the Light

Ohio, really? Change your flag. Moonlight gave some great advice. It took me about 4 months of transition time from captive to indy... Don't let doubt and fears creep in. you can do it and you'll thank yourself later.

Make sure you have a nice big fat stack of chip$...

 

[aimo]

Re: Captive Life Agent Ready for Freedom!! I've Seen the Light

I think the best thing about being independent is that you will really own your book of business. You build up an asset, not just income.

 

[3boysinsurance]

Re: Captive Life Agent Ready for Freedom!! I've Seen the Light

Thanks for all your replies. I certainly am looking forward to owning my business and supplying my clients with the best products available. The company I work for has some decent products, but I know there are better products out there for my clients.

I've got 6 months living expenses in the bank and some money for marketing. If I make 35k first year I'll be ok. I'm willing to reinvest the difference back in the business for future income.

Thanks,

Mike

 

[3boysinsurance]

I was hoping to get some input on who to use for a GA in Ohio. I have everything nearly ready to go. I am going to start off with final expense and term, then head into Med Sups and health.

Any advice would be appreciated.

Thanks,

Mike

 

[Guest]

Re: Captive Life Agent Ready for Freedom!! I've Seen the Light

Thanks for all your replies. I certainly am looking forward to owning my business and supplying my clients with the best products available. The company I work for has some decent products, but I know there are better products out there for my clients.

I've got 6 months living expenses in the bank and some money for marketing. If I make 35k first year I'll be ok. I'm willing to reinvest the difference back in the business for future income.

Thanks,

Mike

I made the switch from captive to indy and it has been the best career move I've ever made. Its much more work (I was being supplied leads, now I have to actually work at it), but also much more rewarding. It is so much more satisfying to sit down with a senior and be able to offer them choices between 6 or 7 different companies, rather than just trying to sell then on 1 company, especially when you know that 1 company isn't the best out there.

If you're looking for someone to contract through then contact Frank on this board. I have some contracts through him and he's already given me some great advice.