Getting Started in Insurance. Again !

[B.Scasta]

I used to sell med supps almost 10 years ago. I only did it for about a year and I was dumb and let my insurance license go. I am looking to get back into it on a part time, possibly full time basis. After looking over this forum, I realize that I'm fully retarded on the insurance industry. When I was selling, I was working for a company called Sterling. It was a salary plus position, with an office and such. Everything was turned in through the office manager, so I never dealt with the company directly. Anyway, what I'm looking for is some clarification on what a few terms are. I know what a GA and MGA are but what is IMO and FMO and what is a "pre-nup". I'm aware of captive and non-captive. What companies would be good to contract with. Even though im roughly new to this, I am not new to sales and marketing. So I'm looking to contract directly. Any general advice would be awesome. Thank you.

 

[insuranceexec]

Re: Getting Started...........Again

I used to sell med supps almost 10 years ago. I only did it for about a year and I was dumb and let my insurance license go. I am looking to get back into it on a part time, possibly full time basis. After looking over this forum, I realize that I'm fully retarded on the insurance industry. When I was selling, I was working for a company called Sterling. It was a salary plus position, with an office and such. Everything was turned in through the office manager, so I never dealt with the company directly. Anyway, what I'm looking for is some clarification on what a few terms are. I know what a GA and MGA are but what is IMO and FMO and what is a "pre-nup". I'm aware of captive and non-captive. What companies would be good to contract with. Even though im roughly new to this, I am not new to sales and marketing. So I'm looking to contract directly. Any general advice would be awesome. Thank you.

IMO= Independent Marketing Organization

FMO= Field Marketing Organization

Pre-nup= In most cases is referring to an up-front release from the marketing company.

So that if you do not like how you are being treated, or do not like the compensation; you may leave. Without being tied down to a 12-24 month commitment.

In other cases it is used to make sure your much younger wife does not get half of what you are worth when you get divorced 6 months later. At least that is what they said on the "Housewives of New Jersey" show last week.........LOL.

In all seriousness I hope this helps.