Asked by: Kerrie Paur
personal finance life insurance

What does FMO stand for in insurance terms?

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At the most basic level, a Field MarketingOrganization (FMO) or an Insurance Marketing Organization (IMO)is a company that offers insurance products and services toinsurance agents or agencies. Most FMO's will normally offerservices above and beyond insurance products, but the servicesoffered will vary by company.


Also to know is, what is Medicare FMO?

A Field Marketing Organization, or FMO, is agroup or organization that market, sell and distribute variousinsurance products, such as Annuities, Life Insurance,Medicare Advantage, Medicare Supplements andmore.

Also Know, what does IMO stand for in the insurance business? independent marketing organization

Also know, what is an insurance marketing organization?

At the most basic level, an Insurance MarketingOrganization (IMO) or a Field Marketing Organization(FMO) is a company that offers insurance products andservices to insurance agents or agencies.

What is an upline in insurance?

Licensed Only Agent or LOA: means (a) for purposes ofSales, any licensed insurance agent who is either employedby or under exclusive contract with Upline to sellinsurance products for Upline; and (b) for purposesof Referrals, any licensed insurance agent who is eitheremployed by or under exclusive contract with

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What does a Medicare agent do?

Agent Broker Compensation. Companies thatcontract with Medicare to provide health care coverage orprescription drugs typically use agents/brokers tosell their Medicare plans to Medicare beneficiaries.Sometimes these agents/brokers are employees of thecontracted company.

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How much do Medicare brokers make?

Salary and Qualifications
Medicare sales representatives earned averageannual salaries of $63,000 as of 2013, according to the jobswebsite Indeed. Most earn between 5 and 20 percent incommissions, according to Bestmedicaresupplement.com. This canincrease annual earnings to between $66,150 to$75,600.

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What is Agent pipeline?

Agent Pipeline, Inc., founded in 1988 asIntegrated Benefits, is a privately owned and operated NationalInsurance Marketing Company dedicated to serving IndependentInsurance Agents and Agencies. For over 25 years, AgentPipeline, Inc. has been a revolutionary force in the insuranceindustry.

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How do you become a certified Medicare agent?

Becoming A Licensed Medicare Agent
  1. Complete a pre-licensing course. Courses tend to be similar inprice and content.
  2. Pass the State Licensing Exam. Licensing exams are provided byPrometric.
  3. Apply for License. After passing the exam, apply for yourlicense by completing an application at the National InsuranceProducer Registry website.

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Who is the richest insurance agent?

Meet the world's highest earning insurance agent.Gideon du Plessis failed in the 10th standard and never went tocollege. He is today the highest earning insurance agent inthe world, with annual commissions amounting to Rs 7 crore (Rs 70million) plus.

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What does FMO stand for?

FMO means "For Members Only" So now you know -FMO means "For Members Only" - don't thank us. YW!What does FMO mean? FMO is an acronym,abbreviation or slang word that is explained above where the FMOdefinition is given.

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What is the commission on selling life insurance?

Insurance Sales Commission Example
Bob's insurance company pays a 90/5%commission on whole life policies, which means theselling agent receives 90% of the first year's premium and5% of future renewals. The policy costs Sally $100 per month or$1,200 per year.

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What does IMO mean?

In My Opinion

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How does insurance commission work?

Auto & Home InsuranceCommissions
Insurance agents who sell auto and homeinsurance typically get paid based on the written premium ofthe policy. Typically, the percentage earned as commissionranges between 5-20%. When a policy gets renewed, the agent earnscommission again, although sometimes at a lowerrate.

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What is family first life?

Family First Life Overview
We specialize in mortgage protection lifeinsurance, final expense life insurance, retirement planningthrough universal life policies and retirement protectionthrough the use of fixed index annuities. We believe that everyfull time agent that works with

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What is an IMO in shipping terms?

The International Maritime Organization (IMO) isa specialized agency of the United Nations that is responsible formeasures to improve the safety and security of internationalshipping and to prevent marine pollution fromships.

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What are downlines?

In multi-level marketing, a downline refers tothe people you have recruited after you joined a program and whosesales or own referrals generate income for you.

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What is direct upline?

Upline: It refers to the person who recruited youinto the MLM company (that person is your sponsor) along with thepeople in the same line in the levels above you. The uplineis the person who brought you into the business and his/herupline is also part of yours.

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How do you motivate your downline?

5 Ways to Motivate Your MLM Downline
  1. Lead by Example. Don't just tell – show.
  2. Keep in Touch. Be sure that you keep regular contact with yourdownline, to maintain a strong relationship and let them know thatyou are there for support.
  3. Give Recognition.
  4. Focus on Personal Development.
  5. Remind them of their 'Why'

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EveryThingWhat Staff Editor

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3rd January, 2020

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