Allstate likes to call agency ownership “the best small business opportunity in America.” You buy an agency owner’s economic interest in their book of business, then collect commissions on those renewals (now 9%) while you sell more policies and grow the income stream. Since people have to have auto and homeowners insurance even in an…
Insurance books of business can be extremely profitable assets. In the property and casualty insurance industry, the agent of record for a policy receives a commission when a customer purchase the policy and each time they renew. For instance, if someone renews their homeowners policy for one year, the agent who originally sold the…
When people think about diversifying into investments that aren’t tied to the stock market, viatical settlements are usually on that list. Viatical settlements involve an investor purchasing the life insurance policy of some other random person they do not know. The investor pays the policy owner money up front; they receive their original investment plus…