Market
Insurance
Member Level
Premier
Last Activity
this week
Profile Age
460 days old
General
Location
Birmingham, MI, US
Profile Type
Seller
Annual Premium 0% Annual Renewal 100%
Policies in Force
530
Annual Premiums
$616,000.00
Gross Revenue
$80,000.00
Avg Client Age
45
Overview

This is a Farmers Insurance agency offering personal lines and commercial insurance. Personal lines include home, auto, umbrella and life insurance. Through its Foremost company, Farmers can cover rental properties, boats, motorcycles and recreational vehicles.

Commercial lines cover general liability, workers comp, commercial auto, cyber-liability, and commercial property. Risks that Farmers declines can be covered through the in-house Kraft Lake brokerage, which provides access to over sixty other carriers.

Farmers also offers financial services, including mutual funds, retirement plans and college savings plans. Series 6 and 63 securities licenses would be required to work in this area.

This is a moveable book of business that would be ideal for an agent wanting to choose their own location and staff. Our core market is the very affluent, central Oakland County area. I am interested in selling the book as soon as possible, as I am moving on to a new opportunity.

I want to transition away from the book within the year 2019-2020. My ideal candidate would have the following: property, casualty, life, and health licensing.
The new agent must be licensed and approved by Farmers. A qualified candidate will have access to financing through the Farmers Credit Union. I welcome the chance to work with another Farmers agent in my District, which is District 15. Farmers agents outside of District 15 are not eligible.

It’s also essential that, during the transition, we work with an advisor who is extremely client centered. It's preferable that I engage with an advisor within 25 to 50 miles of my current location. This is an excellent opportunity for someone who wants to be a Farmers agent without having to start from scratch.

Business Mix Info

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Life Insurance Business

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Health Insurance Business

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Auto Insurance Business

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Home Insurance Business

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Commercial Insurance Business

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