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Insurance/Annuity FMOs

 
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10MProducer
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Joined: 10 Nov 2008

Posts: 8

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Location: Knoxville, TN


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PostPosted: Mon Nov 10, 2008 9:20 pm   Post subject: Insurance/Annuity FMOs  

I am wondering if there are any FMOs out there that people are pleased with.

1) What do you like about them?
2) What do they do for you?
3) What could they do better?

I have been a part of a few. Now I am a mentor and part owner in one. I would like some feedback as to how our company can improve.
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GarySpicuzza
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GarySpicuzza



Joined: 03 Apr 2008

Posts: 531

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Location: West Pasco County, FL


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PostPosted: Mon Nov 10, 2008 10:22 pm   Post subject:   

Mr. Wieniewitz welcome to this forum.
I've found this forum to be one of the best on the net.

Regarding your question:
Quote:
I am wondering if there are any FMOs out there that people are pleased with.

Yes, Creative Marketing.

Quote:
1) What do you like about them?

A human being person pleasantly and politely answers the phone. They have, I believe, 6 full time great receptionist. It is simply a breath of fresh air to actually speak to a human being person to direct your call. They still clearly understand that our business is dealing with real people human beings and not just buildings, phone systems and computer models, like AIG.

Quote:
2) What do they do for you?

Anything I need, when I need it and almost immediately.
Other than that, nothing.

Quote:
3) What could they do better?

They run a first class operation.
I'm sure they could do something better but I'm without knowledge what that would be.

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Gary Spicuzza, *SAFE
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No rights reserved.
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10MProducer
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Joined: 10 Nov 2008

Posts: 8

10MProducer's Home Page
Location: Knoxville, TN


3.78 Dollars($)

PostPosted: Tue Nov 11, 2008 1:10 am   Post subject: Agent Benefits  

I am just looking at how to make ours better. We have a recruiting structure as well as split overrides with our producers so that they can build their businesses.

Besides this and the training that we give, I am just feeling things out to see where we can expand.

Thanks
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Jeremy Holter
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Jeremy Holter



Joined: 06 Jun 2007

Posts: 540

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PostPosted: Tue Nov 11, 2008 10:08 am   Post subject:   

Would someone care to explain what does FMO stand for? The google seems to be giving every possible acronym for FMO, but I’m sure they don’t fit at this situation Sad

~Jeremy
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10MProducer
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Joined: 10 Nov 2008

Posts: 8

10MProducer's Home Page
Location: Knoxville, TN


3.78 Dollars($)

PostPosted: Tue Nov 11, 2008 11:29 am   Post subject: FMO  

Field Marketing Organization or (IMO) Independent Marketing Organization

These are companies that have independent agents that work with them. Years ago, insurance companies cut their marketing departments and up popped FMOs. They are supposed to provide the agents they service with Marketing, Training, and Support. In my experience, there are not many that do a great job.

They get paid overrides off of the products the agents sell.

Trae
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