Captive to Independent...What's the Process??

Aug 5, 2019

  1. Todd King
    Offline

    Todd King IMO/FMO Owner

    Posts:
    8,490
    Likes Received:
    2,065
    State:
    Virginia
    Tips on things to look for: Are they giving you a fair commission? Do they release upon request (and can you get that in writing). What is their training like? Are they established? Do they have any negative reviews? Can you easily reach them by phone? Do they return phone calls and emails like they should?
     
  2. shawnhersh
    Offline

    shawnhersh New Member

    Posts:
    18
    Likes Received:
    3
    What is the contract process like without an FMO? Is it realistic to be successful without an FMO? I can see it being a paperwork nightmare. I have reached out to a couple local companies to discuss in more detail.
     
  3. Todd King
    Offline

    Todd King IMO/FMO Owner

    Posts:
    8,490
    Likes Received:
    2,065
    State:
    Virginia
    It's really easier for you if you can find an FMO that has the products you need. That way, you can do all of your contracts with one place. Some of the companies won't allow you to go direct (that's more on the FE side though).

    Let's put it this way....it's sort of like your clients. They could get exactly the same thing without an agent, but why? The get extra perks by going with a agent instead of the company. Same with FMOs.

    Let me give you just one example. We have a free quote engine that we give to our agents and it is for Med Supps, Medicare Advantage, and FE. Most insurance companies will only have a quote engine that quotes just their products, not all companies.
     
  4. shawnhersh
    Offline

    shawnhersh New Member

    Posts:
    18
    Likes Received:
    3
    More efficient, more streamline. Makes perfect sense. Thank you!
     
  5. JeremySoper
    Offline

    JeremySoper Expert

    Posts:
    31
    Likes Received:
    1
    State:
    Maryland
    Independent is the way to go!
     
  6. myinsurebiz
    Offline

    myinsurebiz Guru

    Posts:
    4,834
    Likes Received:
    745
    State:
    Hawaii
    Keep working on that post count Jeremy - you're almost there ;)
     
  7. goillini52
    Offline

    goillini52 KeepAmericaGreat...Eat Bacon & BUILD THAT WALL!!!

    Posts:
    20,572
    Likes Received:
    6,825
    State:
    Illinois
    I know that Heartland had a copy cat version of Equitable's HIP. What about their DVH, can't remember if I knew they came out with one? :huh:
     
Loading...