MoneyNirvana
Super Genius
- 102
After lots of discussion here regarding commissions, i collected commission grids from 4 different GA/MGA/FMO and picked 5 top life insurance companies & compared their commissions offering for someone getting back into the life policy business.
Everyone i noticed is 5% plus or minus most others in 5 top companies namely AIG, Lincoln National, Prudential, American National & Mutual of Omaha ( i know there r just so many many others) but whaat i dont understand is using the contracting software sure how do you decide which GA/MGA/FMO's to pick.
Is it always by the best offerings or by the FMO/GA? other than comps what more to expect of a FMO/MGA/GA when the difference is only nearly 5% in FYC? does bonuses/training/trips/commissions really matter that much? Is 2nd year renewals in 1-3% make a big difference.
Do you normally do a lot of business with a FEW COMPANIES or signup all companies with one FMO/MGA/GA.
Do you pick FMO/MGA by segments like Life FMO, Health FMO then Medicare FMO?
There's just so many different company segments and specialties.
I dont recruit or have uplines never have never will? just dont like recruitments.
Then comes the issue of Non-compete & release from FMO/MgA? how & what is negotiable?
Everyone i noticed is 5% plus or minus most others in 5 top companies namely AIG, Lincoln National, Prudential, American National & Mutual of Omaha ( i know there r just so many many others) but whaat i dont understand is using the contracting software sure how do you decide which GA/MGA/FMO's to pick.
Is it always by the best offerings or by the FMO/GA? other than comps what more to expect of a FMO/MGA/GA when the difference is only nearly 5% in FYC? does bonuses/training/trips/commissions really matter that much? Is 2nd year renewals in 1-3% make a big difference.
Do you normally do a lot of business with a FEW COMPANIES or signup all companies with one FMO/MGA/GA.
Do you pick FMO/MGA by segments like Life FMO, Health FMO then Medicare FMO?
There's just so many different company segments and specialties.
I dont recruit or have uplines never have never will? just dont like recruitments.
Then comes the issue of Non-compete & release from FMO/MgA? how & what is negotiable?