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Reply to Looking to Sell My Medicare Book of Business!!     
Old 04-17-2012, 03:28 PM   #31
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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!!
Originally Posted by Phillyinsuranceguy17
Thanks to everyone who responded. After checking my agreements and contracts, we verified that I own the business generated and I actually got lucky because the person who bought my book agreed to keep the book with our FMO so it was a nice transition. We did very well and again I thank everyone for their responses.
Sooooooooooooo, how much did you get for it?
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Old 04-18-2012, 08:43 AM   #32
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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
It's the same reason people "borrow" money - they need money for something now. Certainly you wouldn't sell renewals if you don't need the money - but if you need capital (and we all know banks probably won't lend us money with commissions as collateral) selling some of your renewal commissions isn't necessarily a bad idea.
Suppose you retire or at least quit working. The renewal stream will normally be a lot more that 2-3X annual. You'll need money then unless you're dead. May as well not sell. Sny service work will be with clients who approach being friends so again, why sell.

I remember from when I was new. This one agent would drive his motor home around the country & mail in or drop off a bunch of apps then take off again. He sold more not working than most people sell working. Large contracts mostly but he'd moved on to taking care of the grandchildren of clients who also tended to be successful.
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Old 04-18-2012, 10:26 AM   #33
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SportsNut 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
Sooooooooooooo, how much did you get for it?
SAI... I think he got sooooooooooooooo much for it that he no longer talks to people like you.

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"A fool flatters himself, a wise man flatters the fool"
Edward Bulwar-Lytton (1803-1873)
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Old 04-18-2012, 11:52 AM   #34
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GreenSky 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 SportsNut View Post
SAI... I think he got sooooooooooooooo much for it that he no longer talks to people like you.
There's a HUGE list of people that won't talk to SAI. Mostly former clients.

Rick
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Old 04-18-2012, 04:14 PM   #35
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Looking to Sell My Medicare Book of Business!! Re: Looking to Sell My Medicare Book of Business!!
We will hear from him again. When he leaves his captive company. And has to start all over again.
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Old 04-18-2012, 04:27 PM   #36
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DS4 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
Sooooooooooooo, how much did you get for it?
Yes
Please at least give us a range of what it sold for.
1X, 1.5X, 2X etc.

Thanks

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D. Dayton Sayer IV
Dayton Sayer Insurance Agency, Inc.
Sayerins.com

"The most valuable commodity I know of is information" Gordon Gekko
  Reply With Quote to Looking to Sell My Medicare Book of Business!!
Old 04-18-2012, 04:47 PM   #37
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Looking to Sell My Medicare Book of Business!! Re: Looking to Sell My Medicare Book of Business!!
We were just a one night stand, for him.. He didn't even kiss us good bye. And the phone number he gave us was to the pizza hut... I feel so used.
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Old 04-18-2012, 07:20 PM   #38
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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!!
Originally Posted by GreenSky
There's a HUGE list of people that won't talk to SAI. Mostly former clients.

Rick
I reported your post. You are just out to ruin my business....
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Old 04-18-2012, 08:03 PM   #39
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GreenSky 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
I reported your post. You are just out to ruin my business....
Is that even possible?

Rick
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Old 04-18-2012, 08:44 PM   #40
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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!!
Originally Posted by GreenSky

Is that even possible?

Rick
Well I haven't had any phone calls or sales since you posted that...
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