Life Insurance Brokers: Compass Branches Offer More Opportunities

Pointing You In New Directions

Client-focused small business. Great revenue potential.
Not a franchise, no expensive franchise fees. Better work/life balance.

Cross-Sell Auto/Property Insurance with Life Insurance

Why Open a Compass Branch?

Unlimited Opportunity

The problem with the life insurance industry, even for brokers, is limited opportunity. It’s basically a financial vehicle. The demographic is older. A lot of people don’t want to think about the idea of life insurance. Generally, there isn’t a lot of repeat business. There are times when you may not be sure when the next paycheck is coming.

For life insurance brokers, a Compass branch agency is a great option to not only provide for stable paychecks, but to steadily increase and add to those paychecks. And provide protection against loss that might actually occur during someone’s lifetime, as opposed to when it ends. It’s a great fit because, just as life insurance brokers work for their clients, not for any one life insurance company, Compass branch owners work for their clients, not the insurance companies, to provide auto and property insurance.

Build a small business you own, with multiple lines of business that have repeat customers, all with the flexibility to enjoy a flexible work/life balance. Get new life insurance leads and cross-sell to your Compass branch clients.

Not a Franchise: Compass Is Here To Help Life Insurance Brokers

Don’t confuse a branch with a franchise. They are not the same. The start-up costs are low, and Compass doesn’t impose any severe franchise-type restrictions on how you run your branch. But you do get support from Compass to develop your business. It’s a great way for a life insurance broker to gain additional revenue streams. In many cases, it can become your primary business.

Life insurance brokers guide clients through various policy offerings to obtain the best deals on price, coverage, customer satisfaction, and whatever else fits the individual situation. It’s the same for a Compass branch owner, to help clients get the auto, property, and business insurance that best fits their needs with the best premiums. Here’s how Compass helps you build a successful branch business.

No experience required

No Experience Required

No up-front cost

No Costly Franchise Fees

Easy to scale your business

Easy To Scale Your Business

Higher commission

Higher Commissions

Marketing and sales support

Marketing & Sales Support

Home office services policies

Home Office Services Policies

As a Compass branch owner, you are still your own boss. You don’t work for any one insurance carrier. Set your hours and enjoy a flexible work/life balance.

Compass has over 20 insurance carriers to choose from in 20+ states for home and auto (see the blue states on the map below). So you can concentrate on the needs of your clients.

Continuing Growth Market

Insurance branch opportunities are the blue states on map: Washington, Oregon, Wyoming, Colorado, Arizona, Texas, Minnesota, Wisconsin, Illinois, Michigan, Indiana, Ohio, Pennsylvania, Virginia, Tennessee, Alabama, Georgia, Maryland, New Hampshire, and Maine.

Property and Casualty Insurance… A Solid Foundation

Just about everybody needs auto and property insurance. A Compass branch owner is an ideal way to establish a business that provides these services. Without expensive start-up costs, without feeling anyone is constantly looking over your shoulder. Your sole motivation is matching the right policies with the needs of your clients.

But when you need help, Compass is there for you. Want to add employees? Compass provides a system for you to recruit, interview, and on-board candidates. We help minimize the time-consuming process of finding and installing qualified sales candidates so you and your employees can concentrate on your clients and growing your business.

Training

That’s not all. We help you train your employees to become top performers. The very same training can make you an even better performer!

Your Compass Insurance online resource portal provides live and learner-led training for new and existing producers. Topics include: sales tactics, underwriting, carrier website navigation, and product knowledge. The portal also incorporates ongoing training for seasoned professionals such as yourself to learn more and better serve your clients.

Focused on Your Success

Compass Insurance branch owners see more success than typical small business owners or franchise operators with less capital investment.

A-Z support

A-Z Support

We provide support for everything from marketing to agent recruiting. You’ll never be alone when you become a Compass Agency.

Easy to scale your business

Scale Your Business

With our systems, your ability to grow is endless. We want to help you succeed.

Low start-up cost

Low Startup Costs

Low startup costs mean more money stays in your pocket. You won’t need to mortgage your life away to get started and you’ll earn profits much faster than with a franchise opportunity.

Be proud of what you sell

Be Proud of What You Sell

Don’t sell the policies you’re forced to peddle. Sell policies that fit customers’ needs and budgets. You’ll never feel like a used car salesperson with Compass.

Equity in your business

Equity In Your Business

Invest in your future and earn equity in a business you build.

Room to grow

Unlimited Potential

Remove the ceiling and give yourself unlimited room to grow and unlimited potential to earn.

Repeat revenue

Repeat Revenue

Earn repeat revenue from policy renewals and watch your profits skyrocket.

Composition of life insurance symbols

Extra Bonus For Life Insurance Brokers

Selling insurance as a Compass branch owner is a great way to generate leads for your life insurance brokerage business! Because people who buy auto and property insurance also need life insurance.

No Auto or Property Insurance Experience? No Problem

Compass provides life insurance brokers with a potentially lucrative business opportunity without a lot of hassle or a steep learning curve. You get everything you need to start a Compass branch. The rest is up to you.

Instead of one-time deals, you get repeat customers for auto and property insurance. You have a range of opportunities to sell a range of products and grow your business.

A Carrier for Every Need and Situation

AAA Independent Insurance Agent logo
Nationwide Insurance
Liberty Mutual Insurance
Travelers Insurance
Citizens Insurance
Michigan Insurance

And More!

What Our Insurance Branch Owners Are Saying

Insurance is a Multibillion-Dollar Industry

Insurance is a multi-billion dollar industry in the US. When you become a part of the Compass Insurance family , you are opening the door into this industry and can tap into the river of wealth it provides.

In the US, 79% of adults purchase auto insurance. It is a service the majority of the population needs. The stability that the insurance industry has allows you to plan for the long term and watch your business grow steadily.

Not only is insurance something everyone needs, but it’s also recession-proof. Since it’s a necessity, the stock market doesn’t impact the insurance industry in a negative way. Weather, unemployment, housing prices, and shipping rates have no effect. You can sleep well at night knowing there will always be customers.

In 2019, net premiums for the insurance industry totaled $1.32 trillion in the US. There is a huge amount of money spent on insurance annually. Being a part of a franchise-style business gets you in the front door. You get a leg up with expert advice and a tried and tested business formula to help you start making money from day one.

Compass Has Your Back

When you become a part of the Compass family, you’re not left on your own. From day one, we help provide you with everything you need to succeed.

Technology

State-of-the-art technology allows your team to feel confident on the phone. Our tech makes closing leads and keeping organized simple. You save time, and your team is never frustrated trying to figure out how systems work because everything functions how you expect it to.

Marketing

You can count on the support of our expert marketing team. We have expert knowledge and insights into markets all over the US and pass this on to you. Our advice helps you steer and lead successful marketing campaigns with material ranging from brochures to emails.

Training

We provide you and your team with ongoing education and support. You and your staff will hit the ground running with a complete understanding of the products you are selling and the ability to answer any of your customers’ questions. We teach you productivity and sales tips that will keep your team running smoothly.

Compass Insurance BranchBranchRETAIL AGENT
Insurance Experience RequiredMM
Startup FeeDependent on size of operation, with NO feesTypically $50,000 in fees
Work RemotelyNSometimes
Ability to Grow Your Own BusinessNM
Test New Markets Risk-FreeNM
Choose the Best Carrier for the ClientNM
TrainingNN
RecruitingNM
Contract Term5 Years?
Holistic Business SupportNM
Done-For-You MarketingNM
Sales QuotasMN

Low Startup Costs

Startup costs can be prohibitive with some franchises. Not with a Compass Insurance branch office. Begin your dream with as little capital as possible*, not hundreds of thousands like some franchises require. Whether you’re tired of playing by another agency’s rules or dream of owning your own small business, our low risks, low costs, and high returns make it a no-brainer.

When Does Your Journey Begin?

*Start-up costs and fees may vary depending on location and size of operation. Please review with a Compass branch advocate.