Newbie Question

Mar 20, 2007

  1. Agent12
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    Agent12 New Member

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    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
     
    Agent12, Mar 20, 2007
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  2. Sam
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    Sam Founder Administrator

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    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.
     
    Sam, Mar 20, 2007
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  3. joshril
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    joshril Guru

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    If you're looking for a life mga, bisys is great! Awesome support and pretty reasonable commissions.
     
    joshril, Mar 20, 2007
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  4. midwestbroker
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    midwestbroker Guru

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    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.
     
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