I hope I am posting in the right forum. About two decades ago after college I landed a job selling E&O insurance. The line of business I was in was very reputable and highly gratifying. However I was working within a brokerage that had special contacts with specific lines of business. That company was called LRO and was purchased by a not so reputable entrepreneurial person who was a GA for offshore auto line. CA changed the laws, everything went bust and I decided to go to chiropractic college.
Looking back, that job selling E&O was my favorite job ever and I lost my P&C license as it had long ago lapsed. But I am coming to a point in my career as a chiropractor where I do not want to rely on it. I will cap out with income versus my body, what it can withstand as I get older, and moreover, I am curious how feasible it would be for me to transition slowly into a new business. I know I would need to get my P&C license again, and what else? Do I need a brokerage to sponsor me? How much money can I make realistically? Seems like sky is the limit with business in general but there is reality too iff I am starting out from scratch. How can I find a good local brokerage that will help steer me in the right direction, or should I do everything independent? I picture myself selling commercial policies to small and hopefully at some goes on to larger businesses.
It seems to me that making a living selling P&C would be so much easier than life insurance. Is this a correct presumption? I have this presumption bc all businesses need liability insurance etc and it seems that life insurance, life/health, well I have this image of these dime a dozen Primerica agents and that part of it turns me off, versus developing a commercial lines business.
Am I dreaming, or should I just stay put and be what I am now, a chiropractor taking home about $110k/ year, but worried that as I get towards 50 years of age my body will deplete and insurance coverage are getting worse -- not everyone understands or even likes chiropractors (but I guess I have made a living nonetheless). I think I should be able to do so much better than $110k/ year and P&C really interests me. It actually has been calling out to me since I left it to go back to school.
Would totally appreciate any insight...
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Looking back, that job selling E&O was my favorite job ever and I lost my P&C license as it had long ago lapsed. But I am coming to a point in my career as a chiropractor where I do not want to rely on it. I will cap out with income versus my body, what it can withstand as I get older, and moreover, I am curious how feasible it would be for me to transition slowly into a new business. I know I would need to get my P&C license again, and what else? Do I need a brokerage to sponsor me? How much money can I make realistically? Seems like sky is the limit with business in general but there is reality too iff I am starting out from scratch. How can I find a good local brokerage that will help steer me in the right direction, or should I do everything independent? I picture myself selling commercial policies to small and hopefully at some goes on to larger businesses.
It seems to me that making a living selling P&C would be so much easier than life insurance. Is this a correct presumption? I have this presumption bc all businesses need liability insurance etc and it seems that life insurance, life/health, well I have this image of these dime a dozen Primerica agents and that part of it turns me off, versus developing a commercial lines business.
Am I dreaming, or should I just stay put and be what I am now, a chiropractor taking home about $110k/ year, but worried that as I get towards 50 years of age my body will deplete and insurance coverage are getting worse -- not everyone understands or even likes chiropractors (but I guess I have made a living nonetheless). I think I should be able to do so much better than $110k/ year and P&C really interests me. It actually has been calling out to me since I left it to go back to school.
Would totally appreciate any insight...
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