Hello from NY

NACG · 09-04-2009, 03:45 PM

Hello Everyone,

Well let's start of by saying ny name is Mike. I am from New York, NY. I have been in the insurance industry since 1999. In 2005 I decided to stop selling but the industry kept calling me. I was only focusing on Life, annuities and mutual fund to complement our tax preparation business. Since then I have joined a Medicare Advantage carrier in NY. I still see potential in this market and looking to explore it more.

Now in 2009 we have formed a new company and partnership join all our knowledge in the insuance/financial services field. At the same time I have been looking at this forum for some time now. I have decided to join so I can learn some new things and also try to share some of my knowledge also.

Hope to see everyone around!

pomfin · 09-04-2009, 07:50 PM

Welcome to the forum!

mcmillian-1 · 09-06-2009, 04:13 PM

Welcome and All the best to you!!!!

Thatguy · 09-07-2009, 12:26 AM

Welcome to the forum. I admire you doing business in the hardest insurance state in the Nation! I wish you the best of luck.

insuranceexec · 09-07-2009, 12:29 AM

Originally Posted by Thatguy

Welcome to the forum. I admire you doing business in the hardest insurance state in the Nation! I wish you the best of luck.

In your opinion; what makes it the hardest?

Are consumers not the same there as they are else where?

Thatguy · 09-07-2009, 10:53 AM

Originally Posted by insuranceexec

In your opinion; what makes it the hardest?

Are consumers not the same there as they are else where?

Consumers - Yes; Legislation - No. Insurance companies in the great state of NY have many many restrictions placed on them by DOI. Everything from maximum commission amount to domicile status, and agency laws are different in NY than they are in any other state.

insuranceexec · 09-07-2009, 11:22 AM

Originally Posted by Thatguy

Consumers - Yes; Legislation - No. Insurance companies in the great state of NY have many many restrictions placed on them by DOI. Everything from maximum commission amount to domicile status, and agency laws are different in NY than they are in any other state.

I do understand the restrictions as set forth by the NY DOI, as they relate to commissions, agency requirements, and etc...........

I thought you might have an inside track on what NY consumers actually thought, and their buying habits; or lack thereof.

robtmccarthy · 09-28-2009, 04:17 PM

Welcome to the forum.
Question for you, how has the tax preparation and insurance combination worked out for you? do you find you get a lot of leads back and forth?

Thanks

NACG · 09-29-2009, 03:52 PM

Tax preparation has helped out greatly because of all the lead exchanges. We have been able to cross-sell them because we do an analysis on every client.