Changing from Captive Agent to Independent FE Agent

Discussion in 'Final Expense Forum' started by KINGBICHO, Oct 21, 2012.

  1. KINGBICHO
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    KINGBICHO Well-Known Member

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    Has anyone here been successful enough to change careers from working for captive insurance companies to becoming an independent final expense agent? If so, any advice or suggestions?
     
  2. Bazinga
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    Bazinga Member

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    Most people start as a captive agent for the support, mentoring, training, and to learn the business in general. When they have got the hang of their niches in the field and have a solid Business Plan they venture out into the independent arena.
    Advice/Suggestions: Before venturing independent have a business model done in detail....Marketing, Contracts with carriers/imo's, start up costs, ect.... People don't plan to fail, they fail to plan!
     
  3. 100kinssales
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    100kinssales Active Member

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    Sometimes, it can seem daunting to move independent. Take into consideration the PAY OFF versus the RISK. Is the payoff worth the risk?

    Also, make sure you have a plan. Find some mentors who have been successful as independents and find out what they did.

    Wisdom.
     
  4. SPUR CITY
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    SPUR CITY Well-Known Member

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    I don't believe I'd be in the business today had I not started out as a captive agent. ONE of MANY ways to have a successful transition would be to get on board w/ a good lead company w/ fair contracts. Get on board under someone who you FEEL will help you along the way in the beginning, and then PRAY you survive the onslaught!
     
  5. KINGBICHO
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    KINGBICHO Well-Known Member

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    So far I found someone decent enough with the contracts. It is a shell shock since that once steady captive income is gone. But having a positive attitude goes a long way, I believe I will succeed. I have to, I have no choice....thanks
     

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