Captive Agent Advice Needed (AMBA)

[Tracellia]

Can anyone give me advice on AMBA? I have been an independent agent for a year and seriously considering going captive. I am struggling to sell health insurance in an area where people just don't want to buy or are taking a long time to decide. I love selling insurance, but really want to earn a living.

Does anyone know anything about AMBA? Association Member Benefits Advisors sells exclusively to members of the Texas Retired Teachers Association. They handle all the mailings to retired teachers and provide the listing. It looks like a good deal.

I am concerned about having to give up all my other appointments, even though I am not earning a living still. Should I at least give it a try since I don't have a big book of business and really don't have a lot to lose at this point?

I would like to know if anyone else has any experience with them or working at as captive agent. If you know of a better company to work for as a captive agent please post that too.

Thanks!!

 

[sandrakayer]

Can anyone give me advice on AMBA? I have been an independent agent for a year and seriously considering going captive. I am struggling to sell health insurance in an area where people just don't want to buy or are taking a long time to decide. I love selling insurance, but really want to earn a living.

Does anyone know anything about AMBA? Association Member Benefits Advisors sells exclusively to members of the Texas Retired Teachers Association. They handle all the mailings to retired teachers and provide the listing. It looks like a good deal.

I am concerned about having to give up all my other appointments, even though I am not earning a living still. Should I at least give it a try since I don't have a big book of business and really don't have a lot to lose at this point?

I would like to know if anyone else has any experience with them or working at as captive agent. If you know of a better company to work for as a captive agent please post that too.

Thanks!!

Please tell me if there was any response to your questions about AMBA. I am considering getting on board with AMBA also.

 

[rainmaker]

Stay away ! Unless that is you can furnish your own leads but then you have to ask yourself why have such a low contract. Their definition of a lead is someone they mailed and did not respond that was a retired school teacher. They will not give you a release after you realize you have been duped and they charge you 100's of dollars for training.

 

[grod]

A few years ago I got contracted with them and worked their system with some degree of success. But here's the deal. You will get between 1-5 leads per week...max. You will get the list of whom they mailed and YOU WILL BE COLD CALLING that list to make appointments. You will make hundreds of calls. About twenty contacts will yield an appointment. If you don't secure enough appointments YOU WILL DOOR KNOCK. So what is the problem with that, you might ask? Well, these retired school employees have been mailed and called and door knocked by dozens of agents before you. Trust me, many will tell you "I already told you to stop calling me!"

If you can generate your own leads, you will do much better on your own. their pool of prospects is limited to retired school employees and they mail to them constantly. You can sell the same products to the general population; cancer, life, LTCi, Med Sups, at the same rates and higher commissions. The other thing is that you will not be vested from day one. If you leave before the vesting they keep all your renewals.

They have a very high turnover rate. Good luck.