There is quite a bit involved when starting your own life insurance brokerage. First you need to be an experienced agent with a fairly large book of business in order for the carriers to offer you a brokerage contract. Next you will need a small team of sub agents ready to go with a recruiting plan in place to grow your team of agents.
Once these two components are in place you will need to change your license over to a business entity license for the agency. You will need a fairly large capital reserve for marketing, websites, web plug ins such as quoting software and lead generation.
Next you will need office staff to answer phones, help with illustrations, manage cases for agents, set up training platforms and process applications.
The contracts negotiations come with time and experience. As you grow the brokerage better contracts will come with volume.
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Once these two components are in place you will need to change your license over to a business entity license for the agency. You will need a fairly large capital reserve for marketing, websites, web plug ins such as quoting software and lead generation.
Next you will need office staff to answer phones, help with illustrations, manage cases for agents, set up training platforms and process applications.
The contracts negotiations come with time and experience. As you grow the brokerage better contracts will come with volume.
Good luck!