Let's talk releases!

[senior-advisor-indiana]

I'm having trouble with one right now! He told me today to go write one more piece of business for him then he'll release me. What a joke!

Write a policy on yourself and then cancel when you get the release.

 

[Todd King]

Unfortunatly one he wants is a med supp and i'm not 65 quite yet and the other is an annuity and we don't want to do that either!!

 

[Todd King]

The annuity company is AVIVA, i still need to call them directly and ask what their policy is on that. It's been over 6 months since I wrote one with them. Hopefully that's the deal.

 

[theinuranceguy]

Write a policy on yourself and then cancel when you get the release.

Isnt that how you paid for your new pair of Nike shoes?

 

[senior-advisor-indiana]

He probably wants you to write one more piece of biz so you can be stuck for another 6 months. Aviva is a 6 month wait.

 

[senior-advisor-indiana]

Isnt that how you paid for your new pair of Nike shoes?

No I stole those from my bunkie in San Quentin.

 

[Mr supplemental]

I don't believe in unconditional or wholesale releases, but I also don't like holding an agent captive. It's not true that FMO/GA's don't give much support or training. Most of my day is taken up with it, although going direct to the carrier is also available. If agents aren't happy, prefer to buy their own leads, want a few more points commission, etc, I have no problem releasing.

Some FMO's have a blanket policy of no releases, figuring that they'll eliminate possible competition from those agents. My experience has been that only the poor to mediocre agents ever want a release.

 

[jdeasy]

I don't believe in unconditional or wholesale releases, but I also don't like holding an agent captive. It's not true that FMO/GA's don't give much support or training. Most of my day is taken up with it, although going direct to the carrier is also available. If agents aren't happy, prefer to buy their own leads, want a few more points commission, etc, I have no problem releasing.

Some FMO's have a blanket policy of no releases, figuring that they'll eliminate possible competition from those agents. My experience has been that only the poor to mediocre agents ever want a release.

I must be a "poor to mediocre" agent. I've been trying to get released from Parker and Asses since Jan. of this year.. I wonder why they won't let this poor to mediocre agent go?

 

[Joe Moore]

I still like the idea of the 90 day-keep writing business and then transfer to the new IMO.

If the new IMO will not sign the "release back" to us within the 1st 12 months, the agent is falling into whatever policy the new IMO has in place for releases. If they refused to sign it on the front end, I would question their motives.

If the agent has the right to leave the new IMO anytime for anything (in this situation for a full 15 months), it should allow the agent plenty of time to decide if they have fallen victim to the wrong hype and as we all know, many do.

If they came back and decided they had found a "better deal", the same "90 day-keep writing and transfer" rule would start over.

This would give the agent much more protections and the rights to get out of a sticky, no-win situation.

When I first started this discussion, I was serious about trying to find a common, acceptable middle ground that was fair to everybody involved. Seems to me this would give the agent much more control over their own destiny than the present hodge-podge of confusing policies by all the various marketing organizations.

 

[jdeasy]

I still like the idea of the 90 day-keep writing business and then transfer to the new IMO.

If the new IMO will not sign the "release back" to us within the 1st 12 months, the agent is falling into whatever policy the new IMO has in place for releases. If they refused to sign it on the front end, I would question their motives.

If the agent has the right to leave the new IMO anytime for anything (in this situation for a full 15 months), it should allow the agent plenty of time to decide if they have fallen victim to the wrong hype and as we all know, many do.

If they came back and decided they had found a "better deal", the same "90 day-keep writing and transfer" rule would start over.

This would give the agent much more protections and the rights to get out of a sticky, no-win situation.

When I first started this discussion, I was serious about trying to find a common, acceptable middle ground that was fair to everybody involved. Seems to me this would give the agent much more control over their own destiny than the present hodge-podge of confusing policies by all the various marketing organizations.

The "protetion" agents need is from you, not by you. Why do you care if the agent makes a mistake in leaving your sacred ground? If they think they made a mistake, they will ask you if they can come back. They don't need your shadow to make their own decisions.

There should be no reason for not granting a release, except for chargebacks.

I want released from Parker and Asses now. They won't release. I only have Coventry through them, so, I'm just not writing Coventry now. I will forge my own release. I couldn't care less if they give me an option to come back to them. That won't happen under any circumstance.

You cannot force an agent to work for you. Just owning his rights to a certain carrier does not make you his master. That's something you obviously don't understand.

You haven't won any converts here. In fact, it seems that you have steeled the resolve for agents to not work with MO's such as yourself. I suppose we do owe you a thanks for that service.