Fmo/imo

Aug 26, 2008

  1. Stk
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    Stk New Member

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    Can you be appointed with one company,but with two different IMO/FMO?[SIZE=+0] For example let's say I am with ABC IMO and get appointed with AA Insurance. Then I go with 123/FMO and also want to get appointed with ABC Insurance,is that possible. Everyone on this board always say never put all your eggs in one basket.[/SIZE]
     
    Stk, Aug 26, 2008
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  2. patch36
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    patch36 Guru

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    I would have no problem being with just one IMO. I'm not, but my IMO's didn't carry all the companies I wanted to sell.

    The problem is if you are with a bad IMO, but most are ok. Parker is the worst, but other than that most are basically the same unless you need your hand held. Not a huge spread on commissions either. If you are a big producer you might find someone who will pay a lot more, but generally they are all close.
     
    patch36, Aug 26, 2008
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  3. senior-advisor-indiana
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    senior-advisor-indiana Guru

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    This is confusing. You said ABC was the IMO and then later you referred to ABC as the insurance company. Is this a trick question?:cool:

    TO answer your question,... It would be pointless to have 2 marketing orgs for the same company. I believe the only way to have 2 MO's with the same company is if the INSURANCE company has 2 separate contracts( one for the life side, one for the health side).
     
  4. Stk
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    Stk New Member

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    I am sorry about the confusion ABC is the IMO
     
    Stk, Aug 26, 2008
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  5. Mark
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    Mark Guru

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    You can sign up with as many IMO's as you like. You are not captive. But most insurance companies will only allow you to sign up with 1 imo per company.

    Example

    IMO1 U SIGN UP WITH AMERICO
    IMO2 U sign up with Fidelity
    Imo3 u sign up with United Home Life.

    But you cant sign up with United Home Life with Imo2 and imo3 at the same time.
     
    Mark, Oct 26, 2008
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