What Are Insurance Hierarchies & How Do They Work?

 

During your career as an insurance agent, you may move to different levels of the hierarchy. How does this hierarchy work? Learn more about the levels of the insurance hierarchy and what makes each type different.

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Resources:

2023 Maximum Broker Commissions for Medicare Advantage & Medicare Part D: https://www.ritterim.com/blog/2023-maximum-broker-commissions-for-medicare-advantage-medicare-part-d/

Developing an Agency – Your Guide to Getting Started: https://www.ritterim.com/agency-guide/

How to Recruit Insurance Agents to Your Downline: https://agentsurvivalguide.podbean.com/e/how-to-recruit-insurance-agents-to-your-downline-1622221250/

FMO vs. IMO vs. NMO vs. MGA vs. GA: What’s the Difference? https://agentsurvivalguide.podbean.com/e/fmo-vs-imo-vs-nmo-vs-mga-vs-ga-what-s-the-difference-2023/

Read to Join an FMO? 10 Things to Consider: https://agentsurvivalguide.podbean.com/e/ready-to-join-an-fmo-10-things-to-consider/

References:

Multi-Level Marketing or Illegal Pyramid Scheme? https://www.michigan.gov/ag/consumer-protection/consumer-alerts/consumer-alerts/invest/mlm-illegal-pyramid-scheme

What Is an MLM? How Multilevel Marketing Works: https://www.investopedia.com/terms/m/multi-level-marketing.asp