Over 150.000 insurance professionals and consumers come to the Insurance Forum every month. Click here to register for FREE


Go Back   Insurance Forums > Insurance Agents and Brokers Forum > General Insurance Agent Discussions

Reply to Getting Licensed this Month     
Old 09-12-2017, 09:37 PM   #1
New Member
 
Join Date: May 2013
Posts:3
State: kobebryant24 is an Insurance Agent from Undisclosed Location
Getting Licensed this Month Getting Licensed this Month
want to start out as as independent agent covering MP,FE AND FIXED ANNUITIES

1-is it better to go with a firm like equita or fx-and purchase your own leads,,or work for agency which promotes team building such as Leazer Group..I think at 70% rate-that maybe too low to start with the cost of repurchasing leads monthly at 35-40 pp

2-how "exclusive" can the leads you purchased be if several firms offering the same exclusivity/ will clients in the area be unindated with lead cards or door knocks? my OPINION is you can be a very successful agent without the team or mlm component if the vested renewals are there..

3-understanding this is 1099 commission driven, the residual component long term obviously makes the most sense-so should the focus be on LI?

UNDERSTOOD-THAT THIS IS A LOADED QUESTION -feedback appreciated-either way-Ive grown another business and sold-so going in eyes wide open ty
------------------------------------
  Reply With Quote to Getting Licensed this Month
Old 09-13-2017, 12:05 PM   #2
Guru
 
Join Date: Dec 2016
Posts:492
State: NSRH is an Insurance Agent from Missouri
Getting Licensed this Month Re: Getting Licensed this Month
Originally Posted by kobebryant24 View Post
want to start out as as independent agent covering MP,FE AND FIXED ANNUITIES

1-is it better to go with a firm like equita or fx-and purchase your own leads,,or work for agency which promotes team building such as Leazer Group..I think at 70% rate-that maybe too low to start with the cost of repurchasing leads monthly at 35-40 pp

2-how "exclusive" can the leads you purchased be if several firms offering the same exclusivity/ will clients in the area be unindated with lead cards or door knocks? my OPINION is you can be a very successful agent without the team or mlm component if the vested renewals are there..

3-understanding this is 1099 commission driven, the residual component long term obviously makes the most sense-so should the focus be on LI?

UNDERSTOOD-THAT THIS IS A LOADED QUESTION -feedback appreciated-either way-Ive grown another business and sold-so going in eyes wide open ty
1. Start captive and learn on some elses dime. Make sure to get an upfront release.

2. No lead is ever exclusive.

3. The long term money in LI will take years to build up, for most agents, its all about the first year commission.

------------------------------------
Whenever you find yourself on the side of the majority, it is time to pause and reflect.
-Mark Twain
  Reply With Quote to Getting Licensed this Month
Old 09-13-2017, 08:53 PM   #3
New Member
 
Join Date: May 2013
Posts:3
State: kobebryant24 is an Insurance Agent from Undisclosed Location
Getting Licensed this Month Re: Getting Licensed this Month kobebryant24 is the thread starter for: Getting Licensed this Month

Ty sir. captive limits options .but in agreement on rest. Thanks for responding.
------------------------------------
  Reply With Quote to Getting Licensed this Month
Old 09-14-2017, 11:31 AM   #4
Guru
Todd King on Getting Licensed this Month
 
Join Date: Jul 2008
Posts:6,027
State: Todd King is an Insurance Agent from Virginia
Todd King is a member of 5000 posts Super VIP club
Getting Licensed this Month Re: Getting Licensed this Month
Originally Posted by kobebryant24 View Post
Ty sir. captive limits options .but in agreement on rest. Thanks for responding.
Exactly! I'm not against going captive, but it's not a bad idea if you need the hands on training. With all of the training out there online now, you may want to reconsider going captive.

------------------------------------
Todd R. King
800-590-7207
540-400-6275
888-748-3978 Fax
TRKingIM.com

Do the right thing because it's simply the right thing to do.

Finalexpense101.com
  Reply With Quote to Getting Licensed this Month
Old 09-15-2017, 02:23 AM   #5
New Member
 
Join Date: May 2013
Posts:3
State: kobebryant24 is an Insurance Agent from Undisclosed Location
Getting Licensed this Month Re: Getting Licensed this Month kobebryant24 is the thread starter for: Getting Licensed this Month

Ty Todd King. Captive limits options to client
------------------------------------
  Reply With Quote to Getting Licensed this Month
Old 09-15-2017, 10:07 AM   #6
Guru
 
Join Date: Dec 2016
Posts:492
State: NSRH is an Insurance Agent from Missouri
Getting Licensed this Month Re: Getting Licensed this Month
Originally Posted by kobebryant24 View Post
Ty Todd King. Captive limits options to client
Correct, but as a new agent, thats the least of your worries.

------------------------------------
Whenever you find yourself on the side of the majority, it is time to pause and reflect.
-Mark Twain
  Reply With Quote to Getting Licensed this Month
Old 09-18-2017, 08:31 AM   #7
Guru
souldeux on Getting Licensed this Month
 
Join Date: Dec 2008
Posts:1,119
State: souldeux is an Insurance Agent from Georgia
souldeux is a member of 1000 posts VIP club
Getting Licensed this Month Re: Getting Licensed this Month
There are a million resources out there for agents wanting to go independent, whether they're new to the industry or have been captive and want a change.

The only exclusive leads are the ones you generate yourself.

------------------------------------
Nick P.: 404.660.1020
Creative Insurance Partners
  Reply With Quote to Getting Licensed this Month
Old 09-18-2017, 02:58 PM   #8
New Member
 
Join Date: Sep 2017
Posts:1
State: WaylonA is an Insurance Agent from
Getting Licensed this Month Re: Getting Licensed this Month
Originally Posted by kobebryant24 View Post
want to start out as as independent agent covering MP,FE AND FIXED ANNUITIES

1-is it better to go with a firm like equita or fx-and purchase your own leads,,or work for agency which promotes team building such as Leazer Group..I think at 70% rate-that maybe too low to start with the cost of repurchasing leads monthly at 35-40 pp

2-how "exclusive" can the leads you purchased be if several firms offering the same exclusivity/ will clients in the area be unindated with lead cards or door knocks? my OPINION is you can be a very successful agent without the team or mlm component if the vested renewals are there..

3-understanding this is 1099 commission driven, the residual component long term obviously makes the most sense-so should the focus be on LI?

UNDERSTOOD-THAT THIS IS A LOADED QUESTION -feedback appreciated-either way-Ive grown another business and sold-so going in eyes wide open ty
I say go independent if you're confident & believe you will be able to thrive! Although having the backing of a solidified team can have numerous benefits, producing independently can be extremely beneficial for you in a number of ways as well.
------------------------------------
  Reply With Quote to Getting Licensed this Month
Reply to Getting Licensed this Month 

  Insurance Agent Forum > Insurance Forums > Insurance Agents and Brokers Forum > General Insurance Agent Discussions




Similar Threads with Getting Licensed this Month
Thread Thread Starter Forum Replies Last Post
What's Your Cut-off for the Month for New Apps? Justin Bilyj Senior Insurance Forum 17 04-08-2014 10:35 PM
One Month Health Coverage in Massachusetts? tallpall Health Insurance and Ancillary Benefits 1 03-26-2014 01:54 PM
1 Month Bank Draft or 12 Month Bank Draft SamIam Health Care Reform Forum 12 12-31-2013 08:02 AM
Newly Licensed P&C in Pa jrf1711 P&C Insurance Forum 7 05-08-2012 03:23 PM
Final Expense - 6 Month Advance Vs 9 Month JFG Senior Insurance Forum 39 11-30-2010 08:14 PM



All times are GMT -5. The time now is 12:50 AM.

Forum enabled with vBulletin®
Copyright ©2000 - 2017, vBulletin Solutions, Inc.


Join the Forum - It's FREE

Share This Page



Weekly Poll

Where do we go from here? POLL
Nothing - No ACA fixes - status quo
29.82 %
HHS Rulings and band aid bills
17.54 %
Hail Mary repeal and/or replace bill
17.54 %
A bipartisan bill to fix ACA
35.09 %

Voters: 57. This poll is closed