I am sure your contract with Allstate will not allow you to sell anyother carriers, hence the term captive. Read carefully before doing so or you can lose your contract with Allstate.
I am sure your contract with Allstate will not allow you to sell anyother carriers, hence the term captive. Read carefully before doing so or you can lose your contract with Allstate.
- Thread starter
- #12
I will have a lawyer look it over before doing anything. I do not think they can do anything if the independent is not under my name.
- 15,041
Many Allstate agents have their spouse open an IA 
Be very careful and make sure you have separate office space (not connected). Sometimes Big Blue looks the other way and sometimes they don't so make sure you are to the letter of their law.
-keep re-quoting all of your unsold leads at their x-dates
-reach out to all your former customers who have left your agency
-either you or a staff member make calls to the apartment complexes/Realtor/mortgage people like all the glass companies and cleaning services do at your agency
Be very careful and make sure you have separate office space (not connected). Sometimes Big Blue looks the other way and sometimes they don't so make sure you are to the letter of their law.
-keep re-quoting all of your unsold leads at their x-dates
-reach out to all your former customers who have left your agency
-either you or a staff member make calls to the apartment complexes/Realtor/mortgage people like all the glass companies and cleaning services do at your agency
- Thread starter
- #15
Many Allstate agents have their spouse open an IA
Be very careful and make sure you have separate office space (not connected). Sometimes Big Blue looks the other way and sometimes they don't so make sure you are to the letter of their law.
-keep re-quoting all of your unsold leads at their x-dates
-reach out to all your former customers who have left your agency
-either you or a staff member make calls to the apartment complexes/Realtor/mortgage people like all the glass companies and cleaning services do at your agency
good advice, thanks. I will make sure to have a lawyer go over my current contract as well as us everything separate with my Allstate office.
- 15,041
You can have an attorney go over it ten ways to Sunday. It doesn't matter. If they decide they want you gone, they will get rid of you. The first clue will be when your manager shows up more often than usual.
When you try to get around the intent of your contract you are always playing with fire. They will document every mistake and even perceived errors and then use it to terminate your contract when it will hurt you most.
All I do is UL/IUL and Annuities for 24 years. Direct Mail to new mortgages was great, the died w/the housing boom.
Seminars are great, but require up front expenses.
My agency has switched emphasis to small business owners an their retirement planning, using Sections 79 and 162.
A great door opener to speak to the owners is the Lyoness rewards card. Easy info is at lyonessfl.com or you can contact me. It's free, so the only thing b/t you and success is your ability and willingness to hit the strip malls and restaurants.
Good Luck!
Cled Oakley
Seminars are great, but require up front expenses.
My agency has switched emphasis to small business owners an their retirement planning, using Sections 79 and 162.
A great door opener to speak to the owners is the Lyoness rewards card. Easy info is at lyonessfl.com or you can contact me. It's free, so the only thing b/t you and success is your ability and willingness to hit the strip malls and restaurants.
Good Luck!
Cled Oakley
MattJohnson
Expert
- 20
I tried low cost renters insurance with apt complexes and spoke with property owners about offering it when new lease is signed. Opens up conversation about life products.
- 241
And to add to this, your marketing manager will come in the office, remove all of the Allstate marketing material from your office, discountinue your sign on for your computer and leave you their with your support staff telling you to close up and sell within 90 days or you get stuck taking your TPP rather than be able to sell your book.
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