Changing Agencies with Current Book

Discussion in 'Life Insurance Forum' started by bwj, Sep 6, 2017.

  1. bwj
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    bwj New Member

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    I am a financial planner who does some life insurance business through an agency. I am changing broker dealers and moving to another life agency. Some of my existing life book pays residuals that I would like to keep receiving. What is generally the process to notify my current insurance companies of my change of agency?
     
  2. Todd King
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    Todd King Guru

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    Many of the companies will dual contract you, but some won't. For the companies that do, just submit a new contract. As for the companies that don't allow dual contracting, you will probably have to ask for a release from your present agency or go for 6 months without writing business for a particular company.
     
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