If you are an insurance advisor, you know
that there are several different ways to build your portfolio. However, as an
insurance agent working for a major company, you are no doubt aware of the
problems that also exist; challenges that make it difficult to increase your
earning potential or to provide the best services to those clients. Once you
have recognized these challenges, you might be questioning whether your
position as an agent at one of these companies if the best fit for you.
One of the best ways to ensure your future
career goals and your clients’ needs is to become an advisor with an MGA insurance agency that is the right size and offers
the best resources and compensation. An MGA insurance agency that is too big
may not offer you the support you need because they are too busy to return your
calls, while an MGA that is too small may not offer you the support you need
because they simply don’t have the resources to.
Working with a mid-sized and well reputed MGA insurance agency has many perks. These can include
company sponsored events, team building, and training. Moving your insurance
license from one insurance company or MGA to another can be quite simple, so
there’s nothing to worry about. Just like with insurance rates, time is not on
your side. If you are unhappy now, chances are you will be unhappy in the
future. The longer you continue to build your portfolio under a particular
company, the more complex it can become to switch.
Working with an MGA that is large enough to
offer all insurance products from all companies, while attending to your needs
and professional development, will lead to increased success in the long run.
It will mean greater success because you will be more agile, will be able to
work your files faster and more efficiently, and most importantly you will be
able to provide your clients with all of the insurance products offered by all
companies to get them the most competitive deal.
Because an MGA that vests your clients to
you immediately means that you are able to begin building a strong portfolio
that is yours right away, instead of dealing with the restrictions that come
with working directly for an insurance company. This puts time back on your
side because every client you develop is a building block in your empire.
When making the difficult decision to move
your license to a new company, and if you think that an MGA insurance agency is the right choice for you, there are some
further things that you may want to consider:
1. Do they employ the necessary tools to allow you to profit from
continued learning and best business practices?
2. Do they offer the types of products that you favour?
3. Do they offer training and support?
4. Do they offer a good compensation package?
5. Do they offer a commitment on turnaround time for both applications
and call backs?
6. What is the culture like? Does the MGA
insurance agency feel right for you?
Do your due diligence and you will quickly
be able to determine the right fit for you. If you are ready to make the switch
to becoming an advisor with the right MGA insurance agency, you know that that
is a smart choice. Not only will you be able to encourage a stronger clientele
base, but you will be able to provide the best services to keep them happy,
while still beefing up your bottom line.
To find out more about becoming an MGA
insurance advisor, please contact Gary
Mandel at Independent Financial Concepts Group by calling 416-849-1653 or visit
www.joinifcg.com
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