Looking for SGA contract for MAPDs

Mar 7, 2018

  1. timeflies
    Offline

    timeflies Super Genius

    Posts:
    176
    Likes Received:
    14
    I have primarily worked selling MAPDs and some Med Supps for the last 12 years. I have a decent book with over 450 MAPD members and I am now interested in starting my own agency and recruiting agents. Is it difficult to get the plans/carriers to offer SGA contracts and do they typically have high production requirements? I have heard it is not hard to get GA contracts, but I would prefer a higher contract level. Can anyone on the forum offer me an SGA contract?
     
  2. somarco
    Offline

    somarco That Medicare Guy

    Posts:
    28,558
    Likes Received:
    1,961
    State:
    Georgia
    Others who really know will chime in, but it is my understanding you need a lot more than 450 clients to get a recruiting contract for Medigap. No clue about requirements for MA.
     
    somarco, Mar 7, 2018
    #2
  3. sman
    Offline

    sman Guru

    Posts:
    6,223
    Likes Received:
    234
    State:
    Georgia
    Not only that, some carriers require that you have a minimum number of downline agents before handing out a higher contract.
     
    sman, Mar 7, 2018
    #3
  4. myinsurebiz
    Offline

    myinsurebiz Guru

    Posts:
    4,045
    Likes Received:
    387
    State:
    Hawaii
    Contact One Life. Based on that production, I imagine you would get promoted quick.
     
  5. timeflies
    Offline

    timeflies Super Genius

    Posts:
    176
    Likes Received:
    14
    Thanks. Do you have contact or at least phone number for me to call at One Life?
     
  6. myinsurebiz
    Offline

    myinsurebiz Guru

    Posts:
    4,045
    Likes Received:
    387
    State:
    Hawaii
    800-748-0026
     
  7. timeflies
    Offline

    timeflies Super Genius

    Posts:
    176
    Likes Received:
    14
    That looks like a final expense agency. I am looking at recruiting MAPD agents primarily. So what does One Life pay on commissions if they give free DM leads?
     
  8. myinsurebiz
    Offline

    myinsurebiz Guru

    Posts:
    4,045
    Likes Received:
    387
    State:
    Hawaii
    They have a Medicare side . . . I wouldn't do their captive life program. You can do their Life Broker program and get % = to most on this forum if not better.
     
  9. timeflies
    Offline

    timeflies Super Genius

    Posts:
    176
    Likes Received:
    14
    OK. Just noticed that Ken Parker the owner of this company. If I am not mistaken, he used to own Parker & Assoc, which I believe was sued because he failed to pay renewal commissions on Medicare business to a ton of agents about 10-12 years ago. That is when I started in the MAPD business and everyone said stay away from Parker & Assoc. What has changed that would make me want to affiliated with them today?
     
  10. myinsurebiz
    Offline

    myinsurebiz Guru

    Posts:
    4,045
    Likes Received:
    387
    State:
    Hawaii
    I wasnt in the biz back then - don't know much about it. They have many offices, many agents and create millions a week in AP - something must be right . . .
     
Loading...