As an independent natural life insurance agent, is it possible to contract next to two agencies or IMO's?
I'm an independent agent with one agency that found a great oppourtunity near another agency.
Answers:
This depends on your situation. You can contract with as plentiful IMO's or FMO's that you wish. As far as the Agency you are beside, that is another situation. It really comes down to your moral fiber. If that agency is providing you with an department, leads, etc. I would not contract next to other agencies. If another agency has a product or company you would approaching to offer, you can speak to your agency proprietor and they should be able to contract beside that company.But the bottom line is it depends if you signed a contract near your current agency to be exclusive to them. If not, then you can step through another agency. Your current agency may be recluctant to release you from the up/downline you are currently a part of near the companies that you are contracted with through that agency.
Hope that help.If you have other question, feel free to ask.
If you're an independent agent, you can contract next to as many companies as you choice. You didn't know that? Oy.
Good points all.. also don't forget E&O coverage..who covers you?
If the different agencies appoint you near different companies, all this will show up on the state DOI website (at lowest possible in my state)
You should probably pick one and stay nearby. Of find what you like roughly both and start your own agency. Nothing like have your own name on the door.