I am listening and taking notes.. just read your website as well. The door to door as well as phone calls to b2b is a real tough sell here in southern Florida. I spent a year doing this with Aflac and that's why got into health insurance because when I would visit the business I found most people didnt even have health insurance here. The market is flooded with agents - you open the door to leave and another agent is walking in to sell. As for the telemarketing you never get passed the gatekeeper. I am doing flyers and posting them as everywhere I can. Every other block has a telephone pole with "call for insurance" on it. I do a newsletter every month and do the birthday cards and thank you cards to all my clients. I leave my cards at every business I walk into and then every one along the way.
Well let's use a splash of water:
BtoB isn't gonna work
Telemarketing isn't gonna work
Shared leads isn't gonna work
Direct mail isn't gonna work
Being an independent insurance agent is being the owner of a business. And if you try to go into business for yourself with no money...or even worse ...lots of debt, you're not usually going to be successful.
You're going to be selling with a lot of pressure on you. And people can sense that and you will get more and more desperate.
I would recommend taking a trainee position with a small salary within the insurance industry or take another line of work until you get on your feet.
I disagree as well.... but you have to go into it with the right plan.... which is to cold call on the phone and go B2B all day every day until you get back on your feet financially.
Good luck Leogirl and hello everyone. This my first post and my stack of chips is dwindling as I speak. No chapter 7, but it's an option. Look forward to speaking with you all. I have many questions.
I'm definitely willing to do the grunt work, my problem looks like getting appointed with other insurance companies. I'm currently appointed to one and have only been in the pre-nned industry for 7 months. I want to expand to FE insurance and maybe other things but without other appointments, I'm dead in the water. Open to suggestions folks??
I have the secret to getting rich as an independent agent... with this secret you will never fail unless you get sued or hit by a bus... WORK 40 HOURS EVERY WEEK - Spend half of that time either cold calling or B2B and you will make 6 figures!!! I should sell this as an ebook...
I agree with what you said maybe except for the book part. The key to success is activity, namely either being in front of the client or fighting to get in front of the client.
I know Assurant and Golden Rule does not have a problem with it. They will ask for a couple documents but that's it. I have been able to get advanced commissions for agents on both.
Thank you for the info, TheSalesWolf. This is what I am looking for, who I may or may not have issues with. I will put Assurant and Golden Rule on the "yes" list. I am going to keep at this until it kills me or I win!
I have a new sub-agent that has bad credit... no Bk, but he claims he has a several collection items from a divorce. My understanding is he should be ok selling life and health, but are there any carriers that won't let him have an advance?
I see two of the owner's bailed out and OMFN is not writing mortgage protection any more.
Which two owners bailed? As far as OM, they are still writing mortgage protection. They changed the name of the product from HomeCertain to YourTerm. It's the only term product they have available now.
I know this thread is a couple months old, this might be a case of submit the paperwork and see what happens. Worse case scenario he gets appointed "as earned", submits a few pieces of good business if it stays then they could get an advance for at least 6 months. I have been under the impression in dealing with cases similiar to this, it is not so much that you owe capital one or citi cards money but do you have a clear balance with other insurance companies.
Ins companies are tightening their rope on who gets an advance and who does not, but I think they should be fine. Heck, I had about five accounts in collections when I came aboard all credit card related though.
Originally Posted by joshril
This seems like a good thread to post on...
I have a new sub-agent that has bad credit... no Bk, but he claims he has a several collection items from a divorce. My understanding is he should be ok selling life and health, but are there any carriers that won't let him have an advance?
Re: Can I still be appointed if...
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