Looking to Sell My Medicare Book of Business!!

Discussion in 'Insurance Agency Acquisition and Valuation Forum' started by Phillyinsuranceguy17, Mar 29, 2012.

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  1. maniacagent
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    maniacagent Well-Known Member

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    I did it as I could earn more with the money in a short time period doing a particular thing with my money ---it was more than the projected renewal and I could make that money now, and I did.

    Plus I got the money now rather than wait for it. Plus I knew how much I was getting instead of finding out in the future. Plus I still work the book of business for any new policies. Plus they paid me a fair price and things worked out.
     
  2. senior-advisor-indiana
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    senior-advisor-indiana Well-Known Member

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    What's a fair price? What did they offer you?
     
  3. sman
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    sman Well-Known Member

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    Have you ever noticed the few times this question has come up on a few different threads that there is never an answer?
     
  4. junkman
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    junkman Well-Known Member

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    We used to do business valuation number crunching. $XXX revenue at YY discount rate = ZZ present value.

    Perhaps you had a deal where someone else needed cash so bad they'd pay enough to make it worth selling. Those deals are usually pie in the sky. If you got paid, good. I can't imagine something so good that I'd sell a block of renewals for 2 or 3 times annual revenue - especially considering the tax effect of shifting income to the current year.
     
  5. senior-advisor-indiana
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    senior-advisor-indiana Well-Known Member

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    I have noticed, that's why I keep asking. I wish I could remember the offer I got about 5 yrs ago. It must not have been too good because I didn't take it.
     
  6. PAins
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    PAins Active Member

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    I would be interested in purchasing your book, I work outside of Philly in Conshohocken. PM me.
     
  7. maniacagent
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    maniacagent Well-Known Member

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    Possible reasons having more or less appeal to someone or noone:

    l. Taxation is different....may be taxed as capital gains vs self-employment income with 15.63% tax off the top.
    2. Gets the money now...may pay off a debt that allows freer lifestyle
    3. Cashflow....gets the money now---don't have to keep the customer on the books.
     
  8. HomeService
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    HomeService Well-Known Member

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    Too bad I live in TX. Anybody got anything here for sale??
     
  9. Josh
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    Josh Well-Known Member

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  10. HomeService
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    HomeService Well-Known Member

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    I figured somebody would post a 1988 Oldsmobile for sale somewhere in TX on craigslist.
     
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