Help me decide

[insurancemet]

Thanks for being so helpful , that guy! How do I find, where do i find FMO, does this mean i can stay independent and get together with different fmo that deals with different carriersand don't have to be captive. I live near SF, CA...
- - - - - - - - - - - - - - - - - -
Oh, I forgot to answer your other question, right now i want to focus on life...health later.

 

[abovocom]

Can you suggest some good IMO's or FMO's for Medicare Advantage and Life Insurance? How do you feel about Senior Market Sales, Ritter and Crump?

 

[GreenSky]

Can you suggest some good IMO's or FMO's for Medicare Advantage and Life Insurance? How do you feel about Senior Market Sales, Ritter and Crump?

SMS was and is a good organization. Craig Ritter at www.ritterim.com knows more about Medicare and products than anyone I know and he has most of my contracts. Crump does not do senior that I know of.

Rick

 

[liquidblue33]

I am new to the business also. I just spent alot of time researching FMO's. So from on newbie to another, i found two that seemed to be really helpful. I personally went with Mountain Financial, based in Colorado. And the forum here actully endorsed another one called, BrokersAlliance. They looked good also. You can google them, to find there site. They both offer alot of carriers, and really nice online features.

 

[Thatguy]

It is my personal opinion that there are no "bad" FMOs. It is my opinion that the right person has to fit in with the right FMO. I have a friend in the industry that makes an TON of money as an FMO and if you were to see his office, you would never know. He has 1 secretary, and 1 office assistance and his own office; that's it. On an MA contract, he keeps $25 dollar of the agency side and pays out 100% of the broker side in addition to any additional money he gets as the agency. In return, he provides practically no support whatsoever. There is no product training, no sales seminar, no motivation calls, no leads, no NOTHING. His FMO is designed for agents that want to produce as high as possible without having to share with the agency. He does offer team structure and you can build a team overide, but he still only keeps $25 per application on the agency side. His agency writes tons of business and he is filthy stinking rich!

Then I have another associate that has an FMO that provides you with the upfront leads, the product training, as well as a mentoring program. They will pay for your leads up front then take it out of your comission, which is a great way for newbies to get started without any income! His agency, does a good amount of sales, but no where close to what the other agency does! The reason you ask? Simple - it's a differnt fit for different people.

What you have to ask yourself is, What are you looking for in an FMO. There are lots of FMOs that have bad names that are actually very good, and lots of FMOs that have good names that are very bad. It's not because they are good or bad, but they have a different structure and different mentality for different things. In other words, you have to see if what you are looking for can actually be provided. Do you want a super high contract with no support, or do you want a lower contract with support? Are you looking to build a team? Do you have the discipline to work with an out-of-state FMO, or do you need someone local? If you have the discipline to work on your own WITHOUT an office staff, you can substantially increase your FMO selection. If you think you need someone local, then find someone there that can help you person to person.

I hope that helps.

 

[insurancemet]

THANKS, BUT REALLY MY PROBLEM IS NOT SURE WHERE TO FIND THEM, DO I LOOK IN THE PHONE BOOK AND JUST CALL AN INDEPENDENT AGENCY AND ASK IF THEY ARE AN FMO OR IF THEY HAVE ONE, FIELD MARKETING ORGANIZATION, STILL NOT CLEAR DIFF OF THAT AND GA..REALLY I'M JUST TRYING TO FIGURE OUT HOW , WHERE TO FIND THEM..AGAIN,,,,WHERE..??? THANKS FOR RESPONDING AGAIN..PLEASE RESPOND AGAIN. THANK YOU.

 

[somarco]

Contact the carriers. They will tell you what options you have for contracting.

 

[BayAreaMike]

Hi, I got my insurance license a few years ago and joined Aflac, I didn't really get trained and then i got a job because i couldn't wait for a commission, right now I would really like to do this insurance but hoping you would give me your opinion on the companies I'm considering,,which would you choose...mass mutual, metlife, western south, or a broker, there is one broker willing to train me but he markets mostly assurity and he said he will not give me any advance but will pay commission broken down in 12 months.

go with a broker!! if your in CA I can hire you for commish only.i specialize in small business.

 

[Thatguy]

I sent you a Private message with my phone number. I know you can't respond since you don't have enough postings, but you are welcome to call me. I'll be glad to make some recommendations based off of what you plan to sell.

 

[Angio333]

When I was looking for a job, I had several talks with Metlife Home and Auto. They seemed like a great company, and offered a good amount of support. Unfortunately, their auto rates were actually over a hundred dollars more a month then the next highest company.