RayJay and Insurance
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At Raymond James - I know all their reps are insurance licensed so they can sell VA’s and FA’s - but do they also sell Life, LTC or DI ?
Just wondering because I’ve talked to a few clients of the local RJ guy and asked if he has talked to them about life insurance, ltc, etc, and they say no. He works in a bank (the RJ advisor)
RJ definately gives you the opportunity to do insurance, they have an insurance agency set up for life, and VA, and they have an arrangement with an outside agency for LTC
Do they make you write business through the agency or can you work directly with the insurance companies?
I believe, while I was there, seeing accounts with annuities held direct (and reflected in a shell account on the RJ side). Don’t relay on that though.
A lot are licensed but I would venture to say few actually do a whole hell of a lot of insurance business. To answer your question: Yes on Life, LTC, and DI. Good payout too (life, at least). Think of it this way: If your clients aren't buying insurance from you, they're buying it from someone else. Who do you think clients have a better relationship/communicate more often with --- Their FA (you) or some guy they bought insurance from? - SJAt Raymond James - I know all their reps are insurance licensed so they can sell VA’s and FA’s - but do they also sell Life, LTC or DI ?