What are your requirements?
To become a non-captive Medicare agent at Assurance, you will need:
- 3 State Licenses. We require a minimum of 3 active Health licenses, and we recommend 7-10 licenses.
- E&O Insurance. Active E&O Insurance is required to sell with Assurance.
- AHIP Certification. 1099 agents must have this year's current AHIP certification.
- Medicare Releases. If you are currently contracted with another FMO/Agency, you must be able to secure an Immediate Release.
- 1099 agents provide their own equipment. Laptop or computer with highspeed internet (20mbps download and 10mbps upload). Softphone-compatible USB headset.
How much could I earn?
We're glad you asked! Based on data from thousands of Assurance agents, here's how much our average 1099 (independent) agent earns per year
, based on average "work hours per week"
Do I have to be appointed through Assurance?
Yes. If you are currently appointed with our carriers through another agency, you must request a release and get new appointments through Assurance. We've worked with thousands of agents and our specialized team is here to support you! We'll help you get the information you need for carrier contracting, certifcations, and appointments.
Is there an AHIP discount link available for AEP?
We offer a $50 discount on AHIP to agents who join Assurance by 9/15/2022. A link will be provided to you during your onboarding.
Additionally, for submitting your first application during the first week of AEP (10/15/22-10/22/22), you will be eligible to receive reimbursement up to $125 for your AHIP certification.
Do I get residuals?
There are no residuals. Instead, agents focus on volume-based sales from a steady stream of free, inbound, pre-screened leads. Compensation includes guaranteed sales bonuses. This is a non-captive agent position.
Why do you recommend 3+ state licenses?
When you start selling at Assurance, you will get calls from shoppers across the country. The more state licenses you have, the more calls you can take. If you don't already have 3 state licenses, you must acquire additional licenses during your Assurance onboarding period.
When do I get paid?
You start earning money when you sell policies on our platform.
Specific to Annual Election Period (AEP), we have a call efficiency plan that pays you during AEP. You also receive the traditional post-AEP payments after AEP. It's like getting paid twice!
What is the chargeback window?
Around 4 months — much shorter than the industry average.
Are there benefits?
This is a contract (1099) role, so there are no traditional benefits. We focus on providing advantages, like no-cost resources, for agents on the Assurance platform. Assurance IQ is a subsidiary of Prudential Financial. Contracts are with Assurance, not Prudential. This is a non-captive agent position.
Does Assurance grant immediate releases to Medicare Agents?
No releases shall be given for releases that were requested between July 15, 2021 and December 31, 2021. For any releases requested during this period, the request will be deemed made on January 1 of the following year.
For a release to be requested it must be contemporaneous with or following the termination of employment or the termination of the agent’s Master Services Agreement.
For agents that have switched lines of insurance, the longer period shall apply.
All requests for releases shall be delivered in writing to the Release Department at firstname.lastname@example.org
1099 Agents that obtain a status with a carrier requiring a release, but never sell a policy on the Assurance platform shall be provided a release within 5 business days of request;
1099 agents that voluntarily or involuntarily terminate their Master Services Agreement (“MSA”) with Assurance shall be provided a release within 75 days of their chargeback period expiring or 120 days from the termination of their MSA whichever period is shorter.
Do I need to be a licensed agent?
Yes, you must already have your resident state license before selling at Assurance. Required licenses include: Health license, additional state licenses (see above), and any annual certifications.