- 4,576
I knew of a two man team a few years back that were cranking out close to that amount. We used the same BGA, and they were blowing his mind. They were hitting $800K+ for the years he had them. I don't know if they ever hit 1M.
Naturally, with that kind of rolling average, you're not going to keep them for long, they went direct. We referred to them as the kids from Connecticut.
I believe what you say is true, but if you're in an extremely high income/net worth area and are writing the kinds of cases he told me about: $75K, $120K, the story changes.
I knew a local guy too at a Mutual Life company that became the expert in COLI for big time corporations. he would fly around the country to install the cases, some had annual premiums of a million or more annually. I recall one being $5M per year.
Not sure with low interest rate & dividend drops he is still doing that kind of production.