I have a Health and Life license and have been a captive agent for an Insurance company. I want to expand and have the availability to offer clients many different options/prices instead of just products of one company. How does one move from being a captive agent to becoming an insurance broker?
2006-10-23 14:05:55 · 8 answers · asked by Anonymous in Business & Finance ➔ Insurance
Former life agent here..
Most captive agents broker a bit, to place policies that your main company turns down. State Farm, for instance, turns down or rates sooo many life apps that one definitely needs a "plan B." I knew a Pru agent who started brokering P&C after one of his clients burned out, and Pru didn't want the business anymore.
Most of the smaller companies will take a licensed producer. If you get a few of those in line you simply move to another office, hang out your shingle, and call your current clients and start flippin them.
2006-10-23 14:15:44 · answer #1 · answered by geek49203 6 · 0⤊ 0⤋
You need not to become a broker to sell different insurance for more than one company. what you can do is signed up with any other broker and sell all the products.
If you became a broker directly then you have to complete all the targets yourself or you have to make your own team to do so.
2006-10-23 21:31:40 · answer #2 · answered by JT 1 · 0⤊ 0⤋
you have to take an insurance test to become an agent and then there is another test to become a broker. You can check with an agent to see where you can go in your state to go apply for the test.
Goodluck! You put your mind to it and it can be done if you want it bad enough!
2006-10-23 21:45:12 · answer #3 · answered by clowns0001 2 · 0⤊ 1⤋
Try to contact other insurance company then for you to get more clients and offer them different options, you can do telemarketing in order for you to get more sales.
Most of the insurance broker that I know has expanded their services and get more profit through telemarketing
2006-10-23 21:16:28 · answer #4 · answered by Anonymous · 1⤊ 1⤋
get a brokers license then start contacting the companies for whom you want to sell.
2006-10-26 00:50:11 · answer #5 · answered by NYradicalone 1 · 1⤊ 0⤋
The easiest way to do it, is to get hired by an independent agency as a sales guy. After a few years of that, you should have a big enough book of business to go it alone.
2006-10-23 22:12:53 · answer #6 · answered by Anonymous 7 · 1⤊ 0⤋
Canvas other insurance companies to see if they are taking on independent agents.
You should then be able to decide the next step.
2006-10-23 21:10:07 · answer #7 · answered by Smilin' Fred 4 · 0⤊ 0⤋
just learn how to lie, cheat, and steal.
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2006-10-23 21:14:25 · answer #8 · answered by Jenny 2 · 0⤊ 2⤋