i have been lurking around here for some time. i have been extremely interested in getting my license for since i stumbled across this website, thankful for the information
i want to stick withing the final expense niche because i own and operate two funeral homes in philadelphhia. i expect to take my state exam withing 2 weeks. once i get my license, what is the next step? is it as simple as contacting some of the carriers like "hey im licensed to sell life insurance, can i sell your product?
should i be an independent agent or go captive?
let me know if i understand this correctly, when some people write 2k in annual premiums a week, in terms of commission, the agent will earn a percentage of those premiums, depending on the carriers compensation plan. if the annual premiums are with a company that pays 100% premiums, that agent earns 2000 gross revenue for that week? (i know about chargebacks if they customer doesnt pay or passes within a certain time).
how long does it take from when you pass the actual state test, until you sell?
can i get licensed agents to work "under me"? meaning if i generate my own leads via my own methods, can i earn commission from agents selling my leads i give them? do i have to be a broker for that? again i own a funeral home but i was thinking of having an in house insurance company within the funeral home. is that legal?
thanks in advance
i want to stick withing the final expense niche because i own and operate two funeral homes in philadelphhia. i expect to take my state exam withing 2 weeks. once i get my license, what is the next step? is it as simple as contacting some of the carriers like "hey im licensed to sell life insurance, can i sell your product?
should i be an independent agent or go captive?
let me know if i understand this correctly, when some people write 2k in annual premiums a week, in terms of commission, the agent will earn a percentage of those premiums, depending on the carriers compensation plan. if the annual premiums are with a company that pays 100% premiums, that agent earns 2000 gross revenue for that week? (i know about chargebacks if they customer doesnt pay or passes within a certain time).
how long does it take from when you pass the actual state test, until you sell?
can i get licensed agents to work "under me"? meaning if i generate my own leads via my own methods, can i earn commission from agents selling my leads i give them? do i have to be a broker for that? again i own a funeral home but i was thinking of having an in house insurance company within the funeral home. is that legal?
thanks in advance