Newbie Question

[Agent12]

I'm a few weeks from taking my state exams; I'm in Minnesota, btw.

I'm wondering, who do independent agents contact if they want to contract with a carrier and sell its products?

Are most carriers captives?

Thanks in advance.

Agent12

 

[Sam]

Are you looking to seel health, or life or something else? Many carriers will contract you directly, but depending on the product, you can probably get as good of a contract, with some decent support.

For example, if you use an mga for life, most of the reputable ones are all stacked at about 80-100% for term, with various incentives. If you go direct, you won't get more than that without some serious production, but you get no support.

 

[joshril]

If you're looking for a life mga, bisys is great! Awesome support and pretty reasonable commissions.

 

[midwestbroker]

All the contracts that I held when I did health were through an IMO.

If you contract direct, then you get a packet in the mail and a "go gettem"

If you go through an IMO, then you can probably get some local support / training, maybe some leads, and other perks.