Emery Park
New Member
- 18
Hello scholars! I've been learning a lot from reading posts on this forum about P&C agencies cross selling life insurance through an outside life agent.
My questions are:
What is the nature of these partnerships? Does the life insurance agent identify him/herself as part of the P&C agency when speaking to the clients?
or
Does the P&C agency simply refer out the business to the life insurance agent and the life agent simply represents his/her own office when speaking to the clients?
Also trying to get a better feel of these partnerships. On the surface, it seems like a "win win" situation. But what are the true sentiments from the P&C perspective? How welcoming would they be to a life insurance agent proposing this kind of partnership to the owner of a P&C agency?
And finally, what is the customary commission split between the life agent and the P&C agency? 50/50%? 75/25%?
Thanks in advance my fellow professionals!
Harry
My questions are:
What is the nature of these partnerships? Does the life insurance agent identify him/herself as part of the P&C agency when speaking to the clients?
or
Does the P&C agency simply refer out the business to the life insurance agent and the life agent simply represents his/her own office when speaking to the clients?
Also trying to get a better feel of these partnerships. On the surface, it seems like a "win win" situation. But what are the true sentiments from the P&C perspective? How welcoming would they be to a life insurance agent proposing this kind of partnership to the owner of a P&C agency?
And finally, what is the customary commission split between the life agent and the P&C agency? 50/50%? 75/25%?
Thanks in advance my fellow professionals!
Harry