Applied General Agency Insurance Review
Brief Introduction and Overview of the Company
Applied General Agency (AGA) is a prominent Field Marketing Organization (FMO) specializing in Medicare insurance. With over two decades of experience in the industry, AGA empowers independent agents, agencies, and brokers with the resources and tools they need to excel in the Medicare insurance marketplace. [3][5]
Key Highlights of the Company’s Market Position and Reputation
- Industry Leadership: AGA has solidified its position as a leader in the Medicare insurance market, providing a comprehensive range of Medicare Advantage, Medicare Supplement, and Prescription Drug Plan (PDP) products. [3][5]
- Client Support: AGA is renowned for its personalized marketing support. Notably, AGA contributes 50% of the co-op marketing budget, enabling agents to generate more business effectively. [1][4]
- Technological Advancements: AGA leverages advanced technology, including its CMS-approved, secure, and encrypted platform, to streamline the submission process for Medicare plan applications, facilitating swift client enrollment for agents. [4]
Overview
Year of Establishment and Background Story
Applied General Agency was founded with the mission of providing specialized support and resources to independent insurance agents, specifically targeting the Medicare insurance market. The company has experienced remarkable growth over the years, expanding its services to cater to the needs of both new and seasoned agents. [3][5]
Key Milestones in the Company’s History and Growth
- 20 Years of Experience: With a legacy spanning over two decades, AGA has cultivated a strong reputation for its expertise in Medicare insurance. [3][5]
- Continuous Innovation: AGA has consistently embraced innovation, introducing new technologies and strategies to assist agents in thriving within the competitive Medicare insurance landscape. [3][5]
Regulatory Compliance and Licenses
Details on Licenses and Certifications Obtained
AGA prioritizes compliance by ensuring that all its agents are licensed and in good standing with the Department of Insurance (DOI). The company also adheres to all regulatory requirements, guaranteeing its operations align with industry standards. [4]
Insurance Products and Services
Main Insurance Products
Types of Insurance Offered
- Medicare Insurance: AGA specializes in Medicare insurance products, encompassing Medicare Advantage, Medicare Supplement, and Prescription Drug Plans (PDP). [1][4]
Coverage Options and Policy Details
- Medicare Advantage: Offers comprehensive coverage for a wide range of services, including hospital stays, doctor visits, and prescription drugs. [1][4]
- Medicare Supplement: Provides additional coverage to bridge the gaps in Original Medicare coverage. [1][4]
- Prescription Drug Plans (PDP): Covers prescription medications for Medicare beneficiaries. [1][4]
Additional Services
Other Services Provided
- Back-Office Support: AGA handles administrative tasks, allowing agents to concentrate on sales and building client relationships. [1][4]
- Training and Support: The company offers unlimited training and support to empower agents to grow their businesses effectively. [1][4]
- Co-op Marketing: AGA provides personalized marketing support, including co-op marketing budgets, to aid agents in generating more business. [1][4]
Premiums and Pricing
Pricing Structure
Overview of Premium Rates for Different Types of Insurance
Medicare premiums vary based on the specific type of Medicare plan chosen. AGA provides detailed information on premium rates for various plans. [1][4]
Comparative Analysis with Industry Averages
AGA's premium rates are competitive with industry averages, offering agents and their clients a cost-effective option for Medicare insurance. [1][4]
Discounts and Special Offers
Available Discounts
- Multi-Policy Discounts: Agents can offer discounts to clients who purchase multiple policies through AGA. [1][4]
Promotional Deals and Limited-Time Offers
AGA occasionally introduces promotional deals and limited-time offers to attract new clients and retain existing ones. [1][4]
Customer Service and Support
Contact Methods
Available Customer Service Channels
- Phone Support: AGA provides phone support for both agents and clients, available during business hours. [4]
- Email Support: Agents can reach AGA via email for general inquiries and support. [4]
- Live Chat Support: AGA offers live chat support for swift assistance. [4]
Availability of 24/7 Support and Multilingual Assistance
While AGA does not currently offer 24/7 support, the company provides multilingual assistance to cater to a diverse client base. [4]
Pros and Cons of Applied General Agency Insurance
Pros
Advantages of Choosing This Insurance Company
- Competitive Premiums: AGA offers competitive premium rates, making it an appealing choice for agents and their clients. [1][4]
- Comprehensive Coverage: The company provides comprehensive coverage options, including Medicare Advantage, Medicare Supplement, and PDP plans. [1][4]
- Personalized Marketing Support: AGA's personalized marketing support empowers agents to generate more business and increase their income. [1][4]
Cons
Potential Drawbacks or Areas for Improvement
- Limited 24/7 Support: AGA's lack of 24/7 support might be a drawback for some agents and clients. [4]
- Complex Application Process: While AGA's platform is secure and encrypted, the application process can be complex, especially for new agents. [4]
Conclusion
Summary of the Main Points Covered in the Review
Applied General Agency is a reputable and experienced Field Marketing Organization specializing in Medicare insurance. The company offers a diverse selection of Medicare products, competitive premium rates, and comprehensive coverage options. AGA also provides personalized marketing support, back-office assistance, and unlimited training to help agents achieve success in the industry.
Recommendations on Who Would Benefit Most from the Company’s Insurance Offerings
- New Agents: AGA is an ideal choice for new agents seeking to build a career in the Medicare insurance market. The company provides a strong foundation with high-impact training and flexible scheduling. [1][4]
- Seasoned Agents: Seasoned agents can leverage AGA's back-office support, allowing them to focus on sales and client relationships while handling administrative tasks. [1][4]
- Agencies: Agencies can eliminate administrative overhead by partnering with AGA, enabling them to prioritize growth and training while the company handles the rest. [1][4]
Frequently Asked Questions about Applied General Agency Insurance
Answers to Common Questions About the Company’s Policies, Claims Process, and More
- What is AGA?
AGA is a Medicare agency representing most major Medicare Advantage and Medicare Supplement products in the market. [4]
- How Can AGA Help My Agency?
AGA streamlines all administrative processes, offering solutions that increase profits and compliance while eliminating administrative overhead costs. [4]
- Am I a Captive Agent with AGA?
No, your book of business remains yours. AGA never takes your clients; they are always yours. [4]
- What Kind of Money Can I Make Selling Medicare Products?
Many agents earn between $25,000-$50,000 in their first year, with lifetime renewals contributing to a substantial income. [4]
- How Much Will It Cost Me?
AGA's services and benefits are provided at no cost to you, but all prospect partners must be licensed in their resident state and in good standing with the DOI. [4]
References
- https://appliedga.com/medicare-insurance-agents/
- https://appliedga.com/medicare-insurance-agents-resources/submissions-information/
- https://appliedga.com
- https://appliedga.com/learn-more/
