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Has anybody ever used an attorney to help get a release from a fmo that continues to drag their feet despite all good faith efforts? I have reached my limit!
By the time you spend the money and the time it wouldn't be worth it. Just go 6 months without writing the particular company you're wanting to move and you don't need the former FMO's permission.
Who is the FMO? (Help others here so they won't get hooked up with a group like that).
Has anybody ever used an attorney to help get a release from a fmo that continues to drag their feet despite all good faith efforts? I have reached my limit!
When agents want to come to us and they are thinking the eay you are I tell them to forget those companies you think you need. Quit losing sleep over it.
Just contract with hew companies. You only need one or two good ones and a GI and you are back in biz. Then CANCEL all the ones you couldn't get released from. In six months if you still want them, you are good to pick them up.
You are only trapped by your own mind. Nothing can stop you unless you allow it to.
True for the FE market, but not necessarily for the senior health market. Some agencies, especially captive ones, may get you appointed with most, if not all the players in your area. If you're not released, you're out of business, unless you sell another line of insurance.
Up front releases are not only important in the FE world, but I would say mandatory in the senior health world.
I got screwed years ago by Applied General Agencies (AGA) when I was first told about the 6 month slavery "clause" in their agreement with UHC. I could have sued and certainly been released but it would take years and I'd have to sue UHC in the process.
I'd win the battle but lose the war. We are all appointed at the "pleasure of the company" and can terminate us for any reason. I'm sure a lawsuit would be reason enough.
There is little you can do when you work with a dishonest FMO.
Rick