What is a field marketing organization?
What is a field marketing organization?
A field marketing organization (FMO) is a company that supports independent insurance agents in their sales endeavors and client retention. FMOs provide an extra level of support to agents through excellent customer service and state-of-the-art resources and tools.
How does an FMO make money?
FMOs are paid an override by the insurance carrier to help provide agents and agencies services. The override and commission an agent/agency makes are separate entities. FMOs experience chargebacks just like you.
How does an IMO make money?
How does an IMO make money? IMOs are paid directly by the insurance carriers and pass the full commission on to you. We only make money when you make money. That’s right, you keep 100% of your commissions.
What is an IMO or FMO?
At the most basic level, a Field Marketing Organization (FMO) or an Insurance Marketing Organization (IMO) is a company that offers insurance products and services to insurance agents or agencies. Most FMO’s will normally offer services above and beyond insurance products, but the services offered will vary by company.
Is FFL an IMO?
Carriers. As an IMO, FFL is designed to offer products from a long list of the top-rated carriers in the country. This allows our agents to help families find the best products for their situations.
What is a BGA in life insurance?
A brokerage general agent is an independent firm or contractor working for an insurance company. A brokerage general agent’s main role is to sell one or more insurance products to select insurance brokers. Brokers then sell the policies to their clients.
How does an IMO work?
Beyond shipping, an IMO is also known as an independent marketing organization. This is an organization that works with insurance companies to market its products. The duties of an IMO can include other marketing tasks, such as distribution.
How do I get out of FMO?
Make the Request See if your FMO has a standard form to use, and have the release put on your upline’s official letterhead. If your request is approved, you will need to send the release form with your old upline’s signature to your new upline. You should be able to do this via email.
What are annuities and how do you market them?
Annuities are part of a broad retirement or estate plan for your clients and they NEED you to guide them along the way. People who are not familiar with annuities may want to work with an insurance agent, preferably one who is receiving support from a reputable annuity marketing organization out there.
What is a field marketing organization (FMO)?
A field marketing organization (FMO) offers many benefits to independent agents and agencies. FMOs are also commonly called IMOs (independent marketing organizations) and NMOs (national marketing organizations) and vary through the insurance industry, but all have one thing in common: they market, sell, and distribute insurance products.
What are the benefits of annuities for clients?
There are many benefits for your clients to purchase an annuity: Annuities are also one of the higher ticket “products” of insurance that can create a boom of revenue in your bank account.
Who is affinity advisory network?
Our partner FMO, Affinity Advisory Network, has perfected every element of their proprietary PPOD system. You decide how much you want to sell in 12 months, and we’ll build the plan that can make that a reality.