Life Insurance
Life Insurance Franchise Owner Information
Licensed Life Insurance Franchise Owners
Licensed Life Insurance Agents can continue to conduct their insurance business the way they are currently doing it. However, if you would like to consider changing from your existing MGA or AGA, NuBanc Financial will be happy to refer you to one of our MGA Partners. Newly Licensed Agents can either align themselves with an MGA of their own choosing or NuBanc Financial can refer you to one of our MGA Partners.
You will be required to make your compensation records available to the Franchisor for the purpose of determining the amount of Royalty Fees payable
each month.
Benefits of Being a Licensed Life Insurance Agent
As a Licensed Life Insurance Agent, you can choose to continue conducting your insurance business as you currently do. However, if you’re considering changing from your existing MGA or AGA, NuBanc Financial can refer you to one of our MGA Partners. Newly licensed agents also have the option to align themselves with an MGA of their own choosing or one of our partner agencies. It’s important to note that Franchise Partners will be required to make their compensation records available to the Franchisor each month. This is necessary for determining the amount of Royalty Fees payable.
Here are the key points:
Licensed Life Insurance Agents can continue conducting their business as usual.
NuBanc Financial can refer Franchise Partners to MGA partners or they can choose their own.
Newly licensed agents can also choose their own MGA or be referred by NuBanc Financial.
Franchise Partners must provide their compensation records for determining royalty fees.
