Group Health Forum
- Thread starter johnrocks
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There are some threads here about group health insurance, but no seperate forum.
- 14,809
Those agents writing group don't have time to post.
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- #5
That's what I was wondering, just trying to be more covert
lol- 14,809
In many ways group is easier than individual. Obviously in MD there's no underwriting. What you're looking for is poorly serviced accounts where the owner is unhappy with their current broker. Then you have a deal. My good friend is doing extremely well in the group market.
The problem is you have to service the account. If you don't, then you turn into that "bad" broker and you can lose a huge account. My buddy Bruce tells me stories of group brokers who can lose a a third of their monthy income by either losing a large account or a few small ones.
Interesting to note that the owner of a dealship I worked for blew out from his broker because he didn't send them a Christmas present. I was there. The conversation was the owner asking the ass't "so what did we get from *****?" She said "nothing." He came back with "And how much do we pay on our premiums? Get a new broker."
The problem is you have to service the account. If you don't, then you turn into that "bad" broker and you can lose a huge account. My buddy Bruce tells me stories of group brokers who can lose a a third of their monthy income by either losing a large account or a few small ones.
Interesting to note that the owner of a dealship I worked for blew out from his broker because he didn't send them a Christmas present. I was there. The conversation was the owner asking the ass't "so what did we get from *****?" She said "nothing." He came back with "And how much do we pay on our premiums? Get a new broker."
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I am not sure what happened to it. I was moving the posts to another thread and I must have deleted them accidentally.
It is true that you have to send Christmas gifts but when an account pays you 10 grand every year, it is the least you can do.
It is true that you have to send Christmas gifts but when an account pays you 10 grand every year, it is the least you can do.
- 10,275
I don't like spending time on group business, but I will quote it, if the opportunity is there.
If they are interested, I have a pair of associates who will write and service the business. Of course, I only get approximately 35% of the commissh, which amounts to about 2.2%.
If they are interested, I have a pair of associates who will write and service the business. Of course, I only get approximately 35% of the commissh, which amounts to about 2.2%.
- 11,280
How much commission can you make off of a group of like 30 people?
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