Jimbo45
New Member
- 16
I've just recently left the brokerage firm I was working for and I'm certain I don't know what I don't know.
I worked for a Fairly large brokerage firm. They had good and bad points. I enjoyed all the benefits of being under the umbrella of a large company. They were contracted with a large number of carriers... and they handled all the licensing, contracting and certification mess. So I know nothing about doing those things on my own.
I've been in the Health/Life/Medicare biz for 4yrs. Not very interested in selling Health any more. The best part of my job was Medicare. Loved it. Did pretty good with it. So... I'm thinking I want to focus mainly on Med Supps and then offer Ancillaries. Life, LTC, FE...
So, I have a few questions.
1. I want to focus on selling Med Supps, mainly over the phone, but I'm only Licensed in Texas for now. What other states should I add to my list for starters? I assume some have lower licensing cost than others.
2. I want to try and avoid getting tied down to an FMO and end up being a "captive agent" again. It took me 4 months to get my contract terminated so I could move on. NEVER want to go through that again. Not sure going TOTALLY independent is the best course for someone with my knowledge base.Any advice on that subject would be greatly appreciated.
3. Licensing and Contracting? Any suggestions on what company might offer the most carriers with minimal contracting and still allows me to be fairly independent. Meaning, when I leave... assuming I have no debt... I'm released right away. I've heard of getting an up front release letter, but would rather go with a company that doesn't require that. Do those even exist?
As I said. I don't know what I don't know. So I'll listen to any and all advice the vets here have to offer.
Thanks
Jim
I worked for a Fairly large brokerage firm. They had good and bad points. I enjoyed all the benefits of being under the umbrella of a large company. They were contracted with a large number of carriers... and they handled all the licensing, contracting and certification mess. So I know nothing about doing those things on my own.
I've been in the Health/Life/Medicare biz for 4yrs. Not very interested in selling Health any more. The best part of my job was Medicare. Loved it. Did pretty good with it. So... I'm thinking I want to focus mainly on Med Supps and then offer Ancillaries. Life, LTC, FE...
So, I have a few questions.
1. I want to focus on selling Med Supps, mainly over the phone, but I'm only Licensed in Texas for now. What other states should I add to my list for starters? I assume some have lower licensing cost than others.
2. I want to try and avoid getting tied down to an FMO and end up being a "captive agent" again. It took me 4 months to get my contract terminated so I could move on. NEVER want to go through that again. Not sure going TOTALLY independent is the best course for someone with my knowledge base.Any advice on that subject would be greatly appreciated.
3. Licensing and Contracting? Any suggestions on what company might offer the most carriers with minimal contracting and still allows me to be fairly independent. Meaning, when I leave... assuming I have no debt... I'm released right away. I've heard of getting an up front release letter, but would rather go with a company that doesn't require that. Do those even exist?
As I said. I don't know what I don't know. So I'll listen to any and all advice the vets here have to offer.
Thanks
Jim