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Yes, but I'm new to insurance and new to the senior market. Who would you suggest I work for to get the proper training from when you're just starting out in this business without giving up a significant amount of your commissions?
It all comes down to the local management with the companies. In some areas the Great American is probably fine. In my area it is basically Bankers Life part 2 (as all the management and salespeople jumped over from Bankers.) That might make a good screening question...have you ever worked at Bankers?
In others Physicians, Mutual of Omaha, American General, Monumental, Western Southern...the list is endless. ANy of them could be good or bad choices depending on your local management.
I don't think I would want to be a long termer with any of them. By long termer I mean more than 3 or 4 years. Do a good job, learn your craft and when you are ready to go on your own, make a clean break and start fresh.
Don't try to convert your book of business away or steal agency lists or any of that trash. Starting over is the price you pay for learning and then you can go make your own fortune with your knowledge and proper training.
But first you should make a point of checking out all the agencies in your area and figuring out which seems like a good fit.
That's the path I would take if I were in your shoes.
Are Great American Senior Benefits and American Senior Benefits the same outfit?
I saw that ad too. Yes that is the same agency. Maybe they are dropping their association with Great American and going full independent. That's usually a wise move in my opinion......
ASB bought out GASB at the end of 2010. I would be very careful in dealing with them. When you shake a mangers hand make sure you get back 5 fingers. Many of them are former Bankers management. When agents at a branch I worked at signed up with them the manager gave us a 2 page application to fill out. In the fine print on page 2 it stated that we had received and read the agent contract. Only the manager never gave it to us then or ever unless we formally requested it. We were also never told up front of all of the nasty details in that contract. 1. You are captive to them and if you leave they own your book of business not you. 2. Where you can be vested day one with these carriers via FMO's, IMO,s MGA's ASB has a 2 year vesting requirement. 3. Even after you are vested you are only vested for the number of months you worked there. The carrier would have paid your renewals for much longer but they can keep your money ( a license to steal form you).I read some old posts about Great American back from 2008. I was wondering if anyone on this board is currently working with this company as a captive Agent and would like to offer some feedback (Pro and Cons) in regards to working with this company.