InsuranceQs
New Member
- 4
I'm looking to go independent and I'm confused about IMOs/FMOs vs. directly appointing with insurance companies.
My goals:
1. completely own and control my book of business
2. access to training, latest knowledge, sales assistance, etc.
3. non-captive, able to sell products from various insurance companies
4. mainly annuity sales (FIAs and fixed)
My questions:
1. What are the advantages/disadvantages of appointing with insurance companies via IMOs/FMOs vs. being directly appointed?
2. If I appoint with "insurance company" via an IMO/FMO (as opposed to directly) am I giving anything up?
3. Difference between IMO and FMO?
Please let me know if clarification is needed. Thanks for your help - very much appreciated!
My goals:
1. completely own and control my book of business
2. access to training, latest knowledge, sales assistance, etc.
3. non-captive, able to sell products from various insurance companies
4. mainly annuity sales (FIAs and fixed)
My questions:
1. What are the advantages/disadvantages of appointing with insurance companies via IMOs/FMOs vs. being directly appointed?
2. If I appoint with "insurance company" via an IMO/FMO (as opposed to directly) am I giving anything up?
3. Difference between IMO and FMO?
Please let me know if clarification is needed. Thanks for your help - very much appreciated!