WHAT IS A POCKET AGENT?

ASNOA has a new plan to help you recruit the top talent in your area. “Pocket Agents” are producers in your agency that are provided the opportunity to own their book of business. You host them using appointments within your agency; from time of hire, through their agency launch with ASNOA. Your Pocket Agent will receive the same back-room support your current agency enjoys, and we’ll do the heavy lifting to ensure both you, and your Pocket Agent, are in a position to take full advantage of the new opportunity.

BENEFITS TO YOUR AGENCY

  • MORE PRODUCERS
    Hire producers that have more ambition because they want to run their own agency (which typically yields better results).
  • MORE CARRIERS
    Hold more carrier appointments due to increased production; meaning you may be more competitive.
  • MORE MONEY
  • Earn 15% of base commissions
  • All non-monthly bonuses and profit-sharing stays with your agency
  • Receive 20% of last 12 months revenue as buy-out Business stays with your agency if pocket never launches
  • If you recruited the pocket, you are entitled to ASNOA’s Referral Bonus Program benefits when pocket launches
  • LESS EXPENSES
    Pockets are expected to pay a monthly fee to your agency, reducing your overhead.
  • LESS WORK
    We do the training (onboarding, systems & educational workshops), appointment processing, and accounting. Agencies are expected to service their own book.

Let’s Do The Math

Based on $250k in NB & $225k in Renewal Premium

Earnings*YEAR 1
Agency
YEAR 1
Pocket
YEAR 2
Agency
YEAR 2
Pocket
TOTAL
Agency
TOTAL
Pocket
New Business Earnings @15% Average Commission$5,625$26,250$5,625$26,250$11,250$52,500
Renewal Earnings @13% Average CommissionN/AN/A$4,388$20,475$4,388$20,475
New Business Bonus @1.5% Average Commission$2,625$0$2,625$0$5,250$0
Profit Share Bonus @2% Average Commission$3,500$0$6,650$0$10,150$0

*Income percentages can be customized to your agency. You are in control of what the pocket agency receives. This chart is used for example purposes only.

BUYOUT

DescriptionAmount
Last 12-month Rolling Revenue$66,750
20% Buyout to Your Agency$13,350

POCKET VALUE FOR YOUR AGENCY

$

BENEFITS TO BEING A POCKET AGENT

  • FASTER
    Pockets get immediate access to writing business vs. waiting 60-90 days.
  • FULL ACCESS
  • Complete binding access as a producer.
  • Total access to carrier portals (no "brokerage" submissions with the back-and-forth waiting on another agent to bind).
  • Direct access to carrier reps and underwriters.
  • MORE OPTIONS
    Pockets gain access to drastically more carriers than when a typical independent agent starts.
  • BONUS OPPORTUNITIES
    Acess to new business bonus (paid with monthly commissions).
  • COST EFFECTIVE
    Only $300 a month for full access and tech suite.
  • HIGHER COMMISSION
    Commission rates are still higher than most captives.
  • OWNERSHIP OPTIONS
    Opportunity to own the business when ready.
  • LESS HASSLE
    Pocket Agencies can be identified as an individual, so no need to incorporate just yet.
  • WORK FROM HOME
    Pocket Agents can work from home and keep expenses down.