Thinking of Coming Back, Where to Start.

ShanHikari

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I’ve been out of insurance now for 6 months and I’d like an idea of where to start again.

I started in insurance about 3 years ago at Insphere Insurance Solutions, which was a major mistake. After awhile someone I knew there said that we should go into business ourselves and we would do a lot better than what we were currently doing. I agreed and set up our agency with the DOI as well as the business, though he did nearly nothing to help with all this and that should have been a tell tale sign of what was to come. After bringing in business from the CPA’s that I knew which consisted of life cases, estate planning, 412 I conversions and more, I realized that what I was bringing to the table was substantially more. I was okay with that since I was new and he was supposedly teaching me the ropes.

Instead he was getting ready to screw me over. After losing the practice to him as well as most the clients that I had secured, I gave up on insurance. I didn’t want to have to start over again, not to mention my wife had gotten sick so we moved out of state to lessen the financial burden that we began to experience. With our current situation I’d like to go back into insurance now, but don’t really feel like starting up another business, nor do I have the assets to do so anymore. Instead I’d like to be employed, 1099, by some insurance company to get back into the swing as well as establish myself again before I make that long journey of reopening a new business, this time alone.

Yea it sucks getting screwed over but in honesty I blame myself more than my partner since I should have seen the signs of it all along.

I was offered a position at Banker Life & Casualty, who provide leads, which is taken from your commissions, as well as a calling center and any other support you need to get going. I don’t want to end up again at a place like Insphere Insurance Solutions or obvious reasons, trying to get some honest opinions about where to restart. I was working on my series 7, 63, & 65 before I left the state but due to my current credit I doubt places like TD Ameritrade and Merrill Lynch would consider hiring me anymore. I told Banker’s I’d think about it and give them a call back later.

I am licensed in life & health, I have my long term care CA partnership and I’m Medicare certified.

Any and all suggestions are welcome.
 
Employed and 1099 are two different status in my opinion. If you are starting yourself, why not do it like you did in your old state? Obtain appointments with the carriers you worked with (medicare/health/life), set up a home office and roll from there. I'm sure it won't be long until you get things rolling.

Good luck!
 
not health insurance i can damn sure promise you that

Though I know that's correct it rather funny the only thing keeping my family afloat currently are the residuals I'm getting from health I've sold in the past.

Bankers is mostly, life, long term care, short term care, annuities.
 
Depends upon which market you are wanting to work. If it is seniors talk to Frank. Rick also might be a resource for you. I am not familiar with CA so I don't know who has a strong presence there. I don't know how bad the credit thing is but you could talk to Mutual of Omaha, Metlife, MM, or Guardian.
 
Depends upon which market you are wanting to work. If it is seniors talk to Frank. Rick also might be a resource for you. I am not familiar with CA so I don't know who has a strong presence there. I don't know how bad the credit thing is but you could talk to Mutual of Omaha, Metlife, MM, or Guardian.

I'm already appointed by MOO as well as Guardian, I think my main concern is were to get leads without spending much money if I'm going to be independent again. There's cold calling from the phone book, walk and talks B2B and then the few CPA's that didn't jump ship with my ex partner. I feel like I'm starting all over again being independent or captive.

Most likely as everyone already knows being independent is best. When I started out I mostly used my CPA contacts for getting clients but it seems that that list has dwindled down to just having a few left.

I've met Rick before I attended his senior seminar near Palm Springs a few months back and learned a lot from it.

I'm appointed by most CA's health companies as that's where I started before I got into life, but I know that health just doesn't pay anymore...
 
Leads are always the issue no matter who you are with.

That's always the issue no matter what sales it is. I've pretty much decided to take some form of a night job, then dedicate myself to cold calling from past leads and phone book during the day as well as trying to meet more CPA's and see if I can't build my practice over again through that.

Probably the best I can do in terms of staying independent and trying to start over.
 
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