Hi everyone:
Looking for some advice on which direction might be the best for my situation. I'm an eight year captive agent and looking to make a change to owning my own book. I've looked at the models for several cluster groups (Global Green, Iriquois, Smart Choice, etc) and seem to be more confused than when I started.
Ideally I want to own 100% of my own book and be my own boss, but I don't think I can get solid appointments in the industry (or could I?) by not joining a cluster. I need to hit the ground running because after eight years as a captive, I've got to consistently making 150+ a year and while I understand it may take 1-2 years to get back to that level, I need to try and get back to there as quick as possible. My plan is to come out the first few months and sell a solid amount of P&C from my sources, but hit life insurance big premiums heavy the first few months to bring in more revenue early since my understanding is that those contracts are 75%+ of the premium?
I want access to the best providers (Safeco, Travelers, Met Life, etc) in Texas, and I'm afraid if I go 100% solo that it'll be the groups like progressive, kemper, foremost that I'll be using for the first few years. I also worry about finding a solid AMS, as I plan on eventually bringing 1-2 other producers with me after the first 3-9 months.
Has anyone made a similar switch and had to consider the same options? Would love to hear your thoughts on pros/cons. Anyone have any recommendations or point me in a good direction?
Thanks.
Neb
Looking for some advice on which direction might be the best for my situation. I'm an eight year captive agent and looking to make a change to owning my own book. I've looked at the models for several cluster groups (Global Green, Iriquois, Smart Choice, etc) and seem to be more confused than when I started.
Ideally I want to own 100% of my own book and be my own boss, but I don't think I can get solid appointments in the industry (or could I?) by not joining a cluster. I need to hit the ground running because after eight years as a captive, I've got to consistently making 150+ a year and while I understand it may take 1-2 years to get back to that level, I need to try and get back to there as quick as possible. My plan is to come out the first few months and sell a solid amount of P&C from my sources, but hit life insurance big premiums heavy the first few months to bring in more revenue early since my understanding is that those contracts are 75%+ of the premium?
I want access to the best providers (Safeco, Travelers, Met Life, etc) in Texas, and I'm afraid if I go 100% solo that it'll be the groups like progressive, kemper, foremost that I'll be using for the first few years. I also worry about finding a solid AMS, as I plan on eventually bringing 1-2 other producers with me after the first 3-9 months.
Has anyone made a similar switch and had to consider the same options? Would love to hear your thoughts on pros/cons. Anyone have any recommendations or point me in a good direction?
Thanks.
Neb