Good question-I've lost 3 of my largest accounts (2 went out of biz-1 went with another agent) in 1 yr last yr that accounted for almost 1/2 my income (we write large accounts). Bad year/Bad timing (especially since I was sick and wasn't aggressively chasing new biz to replace) as I've only lost 1 other account in prolly 15 yrs, these all came at once.
Between that, and our agency reducing commissions/taking away commissions I'm thinking its would be a good time to focus on another line of biz. I'm going to continue to renew my commercial accounts so I have some income as I know MC can be tough to make a living in the first cpl yrs.
I like MC because of the prospecting (I spend 85% of my time currently on the phone prospecting for commercial accounts and getting more and more difficult to produce results from my efforts) and the fact I will own my book (do not currently own my book-can purchase it but it's not really a good deal for me).
MC is going to be a lot different-with commercial if I pop an acct or two (or even one good size one) a yr I can add I can add 30K or so to my already renewal income-I know with MC it will take 100 plus to do that-but I can talk to way more buyers.
I look forward to the challenge.
OK, then you get it. Medicare (and health insurance, in general) are a nice monthly check. Go for it!
And sorry about the 3 account! I've been there with group and its a disaster!