Multiple writing numbers?

Aug 14, 2008

  1. Mr. Bill
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    Mr. Bill Guru

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    Are insurance companies becoming more flexible (could it be true?)

    I've heard Aviva will allow multiple numbers. Is this becoming more of the norm? Thanks
     
    Mr. Bill, Aug 14, 2008
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  2. BrokersAlliance_Life
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    BrokersAlliance_Life Guest

    Yes, many carriers do offer dual appointments (but not all). There can be some restrictions with commissions and/or product s for agents that have dual numbers. It is best to check with your IMO for complete details regarding dual appointments for particular carriers.
    Anna
    Brokers Alliance
    800-290-7226 x112
     
  3. Mr. Bill
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    Thanks, Anna.

    Who decides whether or not an agent can have multiple numbers? Is it the insurance company, or is it the IMO?

    (And how would I know whether I'm being lied to or not?)
     
    Mr. Bill, Aug 14, 2008
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  4. BrokersAlliance_Life
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    BrokersAlliance_Life Guest

    It is a carrier policy. If you have doubt call the carrier.
    Anna
    ext 112
     
  5. Marpol
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    Marpol Super Genius

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    I have not herd of a carrier that did not allow multiple appointments for Life business. LTC on the other hand is more restrictive.
     
    Marpol, Aug 17, 2008
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  6. BrokersAlliance_Life
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    BrokersAlliance_Life Guest

    Dual contracting is about 50/50. Just for starters the following carriers do NOT offer dual contracting:

    Allianz
    Assurity
    Chesapeake
    Forethought
    United Home
    Old Mutual
    Fidelity Life

    A recuriting General Agency wants you to write business with them so if they tell you can't have a dual contract with a carrier they are recuriting you too - safe to say that is
    correct.

    Anna
    X112
     
  7. Mr. Bill
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    Any GA that won't allow a dual writing number is scared...for a reason. That should be enough to say no to them!

    Very helpful naming the companies. Not too worried about that Allianz alliance, it's a throwaway contract.
     
    Mr. Bill, Aug 20, 2008
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  8. 77CH
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    77CH Expert

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    What life companies do allow dual or multiple contracting?
     
    77CH, Sep 27, 2008
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  9. The Rabbi
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    My concern is with annuities. I am using different marketing plans from FMO's. That's why I need multiple numbers so I can be loyal to the FMO whose marketing plan produced the sale.

    I guess since the carriers aren't concerned and the FMO's are just out for themselves, maybe I am too moral and shouldn't be concerned. I'm at the bottom of the ladder.
     
  10. Mr. Bill
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    100% in agreement. I'm really just shocked at how some FMOs act. The Annuity Store, which I've mentioned before, hounded me til I signed up with them. Then they gave me the "100 Free Leads" which were just a list of apartment dwellers in a zip code. Never heard from them again. Why do they even bother?

    The ones I really like are the ones with great marketing programs. I do usually wait a while before implementing, though, because I have also found that many times whatever "agreement" they had in place with the "guru" of the month ends up in the toilet, and then no one takes responsibilty. Notice how many IMOs were on the Ed Slott bandwagon in Vegas the last couple of days? At least 3 that I saw ads for. Ed is making moolah hand over fist!
     
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