Originally Posted by bwj
I am a financial planner who does some life insurance business through an agency. I am changing broker dealers and moving to another life agency. Some of my existing life book pays residuals that I would like to keep receiving. What is generally the process to notify my current insurance companies of my change of agency?
Many of the companies will dual contract you, but some won't. For the companies that do, just submit a new contract. As for the companies that don't allow dual contracting, you will probably have to ask for a release from your present agency or go for 6 months without writing business for a particular company.