No they don't take a cut of insurance business...They don't even take a cut of the FIA...However I am required to use a Brokerage house that they specify and only the approved products...I am required to get approval on all apps before submitting...I guess they can reach out an stop an app if they wanted to if I submitted it anyway.
Unfortunately our agency's experience with National Brokerage (NB) was not favorable and would NOT recommend their service. Overall, National Brokerage was an extremely unprofessional organization. We experienced many of the employees as rude, and on several occasions National Brokerage neglected our submitted applications resulting on our company losing the deal . After several years of feeling like an annoyance to them, we terminated our relationship. It was the best decision we made. Meanwhile, the reaction we received from National Brokerage was…they could have cared less. It must be nice that in today's economy a company has the attitude of caring less.
They also promise trips and vacations for high colume sales but they NEVER pay for them. It happened to our boss and with otehr agents... Do not go for them!!
