I am a CA Life Agent. I want to work independently. Is that possible or do I have to work for a company/broker

Question

Is it wise to work independently? Can you earn more commission if you are independent?

Answer 1

The California Insurance Code allows licensed Salespeople to work independantly and this allows you to retain 100% of the Commissions.

     Is this wise? You have no secretary or other support staff unless you pay from your 100% earned commission. In this case you might be at a cost indifference point but by association with a large company, you may get referrals, business support materials and company credibility.

       I would try to attach with a large Mutual Insurance Company like Northwestern Mutual, Massachusetts Mutual or Connecticut Mutual. A mutual company is technically owned by the policyholders and is not operated for the benefit of shareholders.

     Good Luck.