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if someone becomes a life insurance broker how does he obtain quotes for clients?
i am an life insurance agent but i want to convert to a broker. How would i become affiliated /connected with different life insurance cos. to provide quotes to customers/clients
2 Answers
- 1 decade agoFavorite Answer
If you have been in the Insurance field for any length of time you should already know this, but I might be able to clear away any remaining "fog" you might have.
First, if you are a captive agent, you have to terminate your contract with the company you work for. If you are an independent agent, you have to terminate agreements you have with any and all GA's, or MGA's you are entered into.
You then approach every insurance company whom you want to market their product line and sign their GA (General Agency) agreement, or MGA (Master General Agency) agreement. An MGA usually has GA's who recruit indie's, (independent agents) to sell for them. MGA's provide guidance, knowledge, and experience to GA's, who do the same for their sales force.
To answer your origianl question, you wil be provided software, (updated via internet) that you can download to your laptop to give "instant" illustrations.
Where are you in this matrix?
Good luck to you.
- AnonymousLv 71 decade ago
well, you probably have to buy a rating software, and subscribe to the various companies that have agreed to let you represent them.
You need to buy some professional magazines, look in the back, and call the companies, and talk to marketing reps.