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Reply to Looking to Sell My Medicare Book of Business!!     
Old 03-29-2012, 03:59 PM   #11
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VolAgent on Looking to Sell My Medicare Book of Business!!
 
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Looking to Sell My Medicare Book of Business!! Re: Looking to Sell My Medicare Book of Business!!
Originally Posted by Josh View Post

Maybe sell it to the FMO?
Why would they buy what they already own? Odds are, he won't get any takers and it will be theirs by default.

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  Reply With Quote to Looking to Sell My Medicare Book of Business!!

Old 03-29-2012, 04:25 PM   #12
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Looking to Sell My Medicare Book of Business!! Re: Looking to Sell My Medicare Book of Business!!
Like I told Phillyinsuranceguy17, you might call ACCESS Capital Group. 1-800-560-2872.
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Old 03-29-2012, 04:35 PM   #13
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Looking to Sell My Medicare Book of Business!! Re: Looking to Sell My Medicare Book of Business!!
Josh,

Mine is 95% Medicare products. 65% Med Sups and 35% MAPD's along with alot of GTL hospital indemnity. As far as transferring to wife upon my death wouldn't she have to be licensed or not?
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Old 03-29-2012, 04:35 PM   #14
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Looking to Sell My Medicare Book of Business!! Re: Looking to Sell My Medicare Book of Business!!
Originally Posted by Sgt. Taylor View Post
Like I told Phillyinsuranceguy17, you might call ACCESS Capital Group. 1-800-560-2872.
He can call them, but if he doesn't own the book of business he can't sell it. His FMO will have to agree to it.
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Old 03-29-2012, 04:53 PM   #15
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Josh on Looking to Sell My Medicare Book of Business!!
 
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Looking to Sell My Medicare Book of Business!! Re: Looking to Sell My Medicare Book of Business!!
Originally Posted by Midlevel View Post
Josh,

Mine is 95% Medicare products. 65% Med Sups and 35% MAPD's along with alot of GTL hospital indemnity. As far as transferring to wife upon my death wouldn't she have to be licensed or not?
The MAPDs are a suckers bet to begin with.

Why are we talking about death? Get her licensed and transfer it now. She's going to have to recert for the MAPDs and get appointed. Not all carriers will change the agent of record either.

Another option is to get an agency license and have everything in the agency's license and then have your wife own the agency (and have a license still).

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  Reply With Quote to Looking to Sell My Medicare Book of Business!!
Old 03-29-2012, 04:56 PM   #16
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policy doctor on Looking to Sell My Medicare Book of Business!!
 
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Looking to Sell My Medicare Book of Business!! Re: Looking to Sell My Medicare Book of Business!!
Why sell? Perhaps he could set up a blind trust, or form LLC, or even get an exclusion agreement with future partner that only renewals are generated by current contracts, no new business.

I'm sure without activity those contracts will term him. See a lawyer.
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Old 03-29-2012, 05:08 PM   #17
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Josh on Looking to Sell My Medicare Book of Business!!
 
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Looking to Sell My Medicare Book of Business!! Re: Looking to Sell My Medicare Book of Business!!
What's the lawyer going to do? Sometimes I get confused about when people want to use attorneys.
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Old 03-29-2012, 05:16 PM   #18
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senior-advisor-indiana on Looking to Sell My Medicare Book of Business!!
 
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Looking to Sell My Medicare Book of Business!! Re: Looking to Sell My Medicare Book of Business!!
Originally Posted by Josh View Post
What's the lawyer going to do? Sometimes I get confused about when people want to use attorneys.
Maybe you should see a lawyer to answer this...
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Old 03-29-2012, 05:23 PM   #19
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Josh on Looking to Sell My Medicare Book of Business!!
 
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Looking to Sell My Medicare Book of Business!! Re: Looking to Sell My Medicare Book of Business!!
Originally Posted by senior-advisor-indiana View Post
Maybe you should see a lawyer to answer this...
Maybe the lawyer could help with that solicitation charge too. I thought the handcuffs were just a prop.
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Old 03-29-2012, 05:56 PM   #20
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Looking to Sell My Medicare Book of Business!! Re: Looking to Sell My Medicare Book of Business!!
I believe Access Capital quit buying Medicare business
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Reply to Looking to Sell My Medicare Book of Business!! 

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