I have spoke with a few agents over the past few days(they called me) that are locked in with MGA agencies and have assigned commission with current debt balance. These MGA's are telling them "don't worry, there is nothing to be concerned about, your current business will not change post reform" also, "we will keep paying you on your business".
These dodo head MGA's are just stringing them along so the agent wont blow out or "roll" the biz. The are going to get caught with their pants down, broke, homeless and screwed.
I asked one of these agents if he had a backup plan like medicare or something else and he said NO, why would I need one.
My thoughts: if you are a captive agent or assigned comp you are NOT going to be involved in the HCR exchanges due to the fact that you A) have a debt balance and cant get appointed with all the carriers and B) because you are so trusting in that MGA/agent relationship that when it comes nut cutting time you wont be prepared....
such is life, we reap what we sow
edited add: I also got a very desperate email from one BIG carrier yesterday begging for biz, take a look.
[FONT=Arial, sans-serif]TODAY IS: Business as usual. There are a lot of folks who need Individual health insurance now and xxx plans and pricing are super competitive.
TODAY IS: A great day to start expanding your market reach and centers of influence
TODAY IS: A great day to start a new marketing campaign. Find new clients and referral resources, maybe team up with other agents
TODAY we need to focus on our opportunities, continue to build our business and expand our product offering. I've attached a great e-mail marketing piece. All you have to do is enter your agent information into the piece and blast to your prospectiveclients, existing clients, etc. Simple, Free and won't take but a few minutes to create. You've got nothing to lose and new clients to gain. Send it out TODAY!
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These dodo head MGA's are just stringing them along so the agent wont blow out or "roll" the biz. The are going to get caught with their pants down, broke, homeless and screwed.
I asked one of these agents if he had a backup plan like medicare or something else and he said NO, why would I need one.
My thoughts: if you are a captive agent or assigned comp you are NOT going to be involved in the HCR exchanges due to the fact that you A) have a debt balance and cant get appointed with all the carriers and B) because you are so trusting in that MGA/agent relationship that when it comes nut cutting time you wont be prepared....
such is life, we reap what we sow
edited add: I also got a very desperate email from one BIG carrier yesterday begging for biz, take a look.
[FONT=Arial, sans-serif]TODAY IS: Business as usual. There are a lot of folks who need Individual health insurance now and xxx plans and pricing are super competitive.
TODAY IS: A great day to start expanding your market reach and centers of influence
TODAY IS: A great day to start a new marketing campaign. Find new clients and referral resources, maybe team up with other agents
TODAY we need to focus on our opportunities, continue to build our business and expand our product offering. I've attached a great e-mail marketing piece. All you have to do is enter your agent information into the piece and blast to your prospectiveclients, existing clients, etc. Simple, Free and won't take but a few minutes to create. You've got nothing to lose and new clients to gain. Send it out TODAY!
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