ASNOA Pocket Agents
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
- 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
Let’s Do The Math
Based on $250k in NB & $225k in Renewal Premium
|YEAR 1||YEAR 2|
|New Business Earnings @15% Average Commission||$5,625||$26,250||$5,625||$26,250||$11,250||$52,500|
|Renewal Earnings @13% Average Commission||N/A||N/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.
|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
- 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.