How Much Business, to Keep Contracted

[dan21]

I would like to ask the FE producers, how do you spread your business around in order to keep your contracts with several carriers? Thanks for your input.
Dan

 

[donamese]

So long as you put 1 policy in every 6 months with a carrier you are usually fine.

 

[WinoBlues]

Some of them will keep you active for years with no business.

 

[jdeasy]

I would like to ask the FE producers, how do you spread your business around in order to keep your contracts with several carriers? Thanks for your input.
Dan

Personally I don't put business with a company for that reason. No company is that important even though they all believe they are.

I was terminated by UHL earlier this year because I hadn't written anything with them in years. They did say that, if I submitted a piece of business in the next 30 days they would keep it active. Well hello!! There was a reason I wasn't placing business with them in the first place. Why would I place some with them just to keep a contract I didn't use?

 

[rousemark]

Personally I don't put business with a company for that reason. No company is that important even though they all believe they are.

I was terminated by UHL earlier this year because I hadn't written anything with them in years. They did say that, if I submitted a piece of business in the next 30 days they would keep it active. Well hello!! There was a reason I wasn't placing business with them in the first place. Why would I place some with them just to keep a contract I didn't use?

The 125% contract I have with UHL is the highest commish contract I have but I have yet to put a piece of business with them. Just don't find a fit. Yesterday, I wrote an app with an 80% commission carrier simply because I could do better for the money than with any other I had.

 

[elitemind]

I would like to ask the FE producers, how do you spread your business around in order to keep your contracts with several carriers? Thanks for your input.
Dan

It all depends on where the client can be placed. I had a Settlers and Illinois Mutual Contract that was terminated for lack of production last year, but guess what the contracts were reinstated because I finally had a DI case to place with Illinois Mutual and a client that requested Settlers. So if you don't have no business placed with them yet no worries. But it does suck once you do have a case to place because you have to redo the agent contract again

 

[jacobtn]

The 125% contract I have with UHL is the highest commish contract I have but I have yet to put a piece of business with them. Just don't find a fit. Yesterday, I wrote an app with an 80% commission carrier simply because I could do better for the money than with any other I had.

Agreed i also have a contract with them that is my highest also at 135. Only sent them 1 app.

 

[senior-advisor-indiana]

Funny, I have only sent UHL 1 app also. They must get that a lot....