kellys3angels
New Member
- 3
Hello! I am new to this forum. My father passed away in May of this year. He sold Medicare supplements and a few other small dental and life policies. His book of business is not extremely large....totaled about $16,000/yr in commissions, most of it being with BCBS, Humana, and Mutual of Omaha. We have someone that is interested in buying his book of business, but my mother and I have no idea where to begin with selling this. In fact, we didn't even realize until recently that it was even a possibility. She would rather just have a lump sum than be reliant upon the buyer to pay her a portion of commissions each month, but is not completely opposed to that idea either.
Is there anyone who can offer us some advice on this and where to find out how much she might expect to get from a buyout? Or at least where to start bargaining? Thank you so much. Although my Daddy sold insurance, unfortunately due to his health problems, he wasn't able to get much life insurance on himself, therefore I am trying to do what I can to help my mother out. Thanks so much!!
Kelly
Is there anyone who can offer us some advice on this and where to find out how much she might expect to get from a buyout? Or at least where to start bargaining? Thank you so much. Although my Daddy sold insurance, unfortunately due to his health problems, he wasn't able to get much life insurance on himself, therefore I am trying to do what I can to help my mother out. Thanks so much!!
Kelly