While more than 110,000 people work in life and health insurance in Canada, only about half of them work on an independent channel and do not work directly with insurance companies. After 14 years of life insurance in the life insurance market, it seemed to me that I could help other people with their financial position to become and advance their careers further as an independent broker. Recently, I noticed that many other experts asked me about my motivation to do this and what were the features that prompted me to start my own company. Here they are:
- The ability to recommend even better products. - After so many years of knowledge, I wanted to create my own portfolio and create my own service structure. I wanted to create something that would be more attractive to my clients and ensure that we both choose the maximum win-win situation.
- Understanding the understanding of the insurance industry - Despite the fact that over the past years I have received a very significant amount of knowledge, it is quite another thing to start my own brokerage company. The exceptional fact of learning more than ever about my chosen career field was exciting for me from the very beginning.
- Commission - Naturally, when you deal with insurance companies directly, you get broader responsibilities and have access to a wider range of products.
- Opportunism for growth - Being a prisoner, you limit your choices and opportunities, however, as an independent broker, there are no restrictions.
- Competitive advantage - The fact that I can set new standards creates an opportunity to become one of the best. My credo has always shot for what was best, and with my own company we can get closer to our goal without additional obstacles.
- Financial flexibility - With your own budget, you can better plan for the future. For example, I have always spent a significant amount on promotional items and advertising in general, but now with my own company we can more effectively target our advertising budgets.
- Creating your own team - It is very important to surround yourself with positive people and motivate each other to succeed. I was very lucky to find people who are not just reliable professionals, but also excellent team players. They can bring a lot of new, creative energy to our workplace and ensure that our customers get more for the money. With a strong team you can do more. This is also fun.
- Opportunity for better organization - Independent channel allows you to create your own systems. With my team, we introduced a workflow and a process that allows us to focus more on working with people, but at the same time provide most of the service.
- motivation - After I started LSM Insurance Services, it seemed to me that I needed to drive one car with a new set of wheels and a large setting. I’m more worried about life insurance, and it has greatly influenced all areas of my life. If you are so long in business, this change is very important.
- Power - Now, being the head of an independent brokerage business, I am invited to speak at numerous events and receive more information in the media. Not only does this bring us more coverage and new potential customers, it also allows me to communicate with other successful professionals. We can learn from each other and get fresh new ideas that lead to an immediate increase in productivity.
Like the last words, there is one more thing to say. Along with all the fun as an independent broker, there is even more work and responsibility. Make sure you are ready before making the move.
