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How can I sell whole sale insurance?

Discussion in 'BlackHat Lounge' started by stockman, Jul 17, 2015.

  1. stockman

    stockman Registered Member

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    I have talked to over 50 prospects who have paid to be on the wait list to get insurance at a better rate for their farms. They are local farmers. Is there a way for me to lock in to a better rate since I'm buying insurance whole sale? If so, what insurance companies should I look into to do business with. If not, why won't it work and where should I research more into?

    I'm pretty new to the insurance field.

    Is this the right thread to post in?
     
  2. jazzc

    jazzc Moderator Staff Member Moderator Jr. VIP

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    We are an IM forum alright, but IM stands for Internet Marketing, not Insurance Manager.
     
    • Thanks Thanks x 3
  3. christianbed

    christianbed Jr. VIP Jr. VIP

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    Also, learn how to spell what it is that you're selling.
     
  4. BassTrackerBoats

    BassTrackerBoats Super Moderator Staff Member Moderator

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    Selling insurance on a "wholesale level" is sure to require specific licensing in your State if you are in the USA.

    Each State has their own regulations on that and typically you have to take a course that is anywhere from 24 hours to 60 hours and those numbers can vary as well.

    Once you complete the course you have to sit for the State exam and once you pass that you are able to sell insurance, annuities and a few other instruments but to sell you are going to need to be hooked up with an agency or insurance company.

    Your best bet to see what is required is to head to your local Insurance office and talk with them about your desire and perhaps a tidbit of your plan.

    Realize that selling Insurance is not just selling any old product, it is an intangible and not the easiest sell in the world and your knowledge to get the required license(s) to sell what you want to sell will require that you become very familiar with debentures, annuities, the various types of insurance, and a list of other products.

    Odds are that if you are selling liability, crop, or whatever insurance farmers buy, you will need a different license than the guy/gal that is selling life or health insurance to them.

    Although it is not really that hard to get a license in that field, it is hard to do your client right if you are not well prepared and well schooled in the various (there are tens of thousands) of available products for your targeted demographic.

    That being said, what Jazzc says.
     
  5. stockman

    stockman Registered Member

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    @BassTrackerBoats Thanks. I wanted to diversify a little, but I've never touched the insurance market before.

    @Jazzc Yep. It's IM. There are so many ways to take things to the IM world. I'm sure you know all the ways...