Not Another "just Getting Started and Need Advice" Thread!

Yep! Another one.

I just got my Illinois life license and started working for a man who I thought knew a ton about the business. Well, I was wrong. He knows a lot about going to seminars and watching webinars, but not much about writing business. This violates an important rule for new agents: work with a local broker that can train you.

OK, what's done is done, I'm sticking with him cause he was kind enough to pay my way in when I could not afford to do so.

I was in the mortgage business for 12 years...most of them as a mortgage broker, or broker/banker...

My best skill is when I'm on the phone, followed by in person, at the kitchen table. My worst skills are networking for prospects and staying on task.

I am and have always been a niche guy. For the last 3 years in the mortgage business I worked with seniors and sold reverse mortgages exclusively. I loved that the best of all 12 years in mortgages.

With insurance as my new career, I thought I would focus on seniors as well...maybe start out with final expense insurance (personal family experience...both with and without FE policies)

I'm looking for guidance. I know I have already started out wrong, cause I would tell any new Loan Officer to start out with a local broker that could train them.

I'm hoping to get some solid advice for starting out. Things like:

Focus on one product for first 6 months (read that in a thread)

Work with one IMO for first 6 months (read that in another thread)

I'm very familiar with how these forums work (both the good side and the dark side). Not looking for drama. Not kicking tires. Not gonna ask the same question in 4 different threads to get the answer I'm looking for.

I'm just looking for guidance so if you cared enough to read all of this long first post, please offer up some solid advice too.
 
Since your best skill is over the phone and have a senior niche, selling Med Supps and FE is a no brainer. Get a list, start calling to make appointments, and start writing applications.

Best training is hands on..make your initial mistakes, review applications for omissions, and ask questions if you don't know the answer.
 
I do not have my health line yet...can I make it in FE with out having Med Sups to cross sell and vice versa...

By the way, thanks for getting right back to me.
 
I do not have my health line yet...can I make it in FE with out having Med Sups to cross sell and vice versa...

By the way, thanks for getting right back to me.


Sure, but try getting the health line set up asap because you'll be leaving business (and commissions) sitting at the kitchen table.
Best advice is very simple. Just do it. Start making calls at 9am and don't stop until you've set at least 1-2 appointments for that day or the next. You said you have personal experience with FE, positive and neg., use it. The reason people fail in this business is they stop working. If you don't stop, you can't fail.
 
Thanks tins.

What about IMO's. Is it a good idea to use only one for the first 6 months? A couple??

I don't see any reason to go one way or another. I like whoever offers me the best contract, since I don't need training or too much help with anything. You are pretty familiar with FE, find a couple good contracts with competitive companies and go at it.
 
tins...do I contract direct with the insurance company or do I need to go through IMO?

Coming from the mortgage world I would love to have had IMO's there, especially from the marketing assistance they offer, like free leads for producers that write business through the IMO. In the mortgage biz, it's not legal to give free leads for business written...
 
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