[Elimrisk LLC]

Loan Brokers, ISOs and Direct Lenders:

My company is interested in buying merchant leads from you in order to market insurance products that specifically help business owners manage their financial risks. The marketing and sales campaign will NOT interfere with your efforts to originate loans for your prospects and clients. The insurance products are very compatible and complementary to the loans you’re helping your clients get. They can actually help your clients feel more comfortable about taking the loan. This program requires very little effort on your part and allows you to offset your lead generation expenses and it puts more money in your pocket every month.

You and my company are protected by a Lead Purchase Agreement that clearly defines the expectations of each party. The agreement protects your leads from being solicited from anyone else who may be trying to originate loans. The agreement outlines marketing procedures so TCPA compliance is maintained. In order for one of my licensed insurance agents to be able to contact the merchant, they will need to have expressed interest in learning more about the insurance product. Once a merchant expresses interest, you just need to pass on the name, phone number and email address. The agreement also defines what constitutes a qualified lead and states how and when you get paid for the leads.

Give me a call or email me for more information.

Brandon Roper
801-828-0758
brandon@elimrisk.net
www.elimrisk.net

[John Galt]

You know most of the people on this board have contracts with companies that loan to insurance agents on their books of business?

[Elimrisk LLC]

You know most of the people on this board have contracts with companies that loan to insurance agents on their books of business?

John,

Thank you for the reply. Yes, I'm familiar with lenders that loan to insurance agents although I'm not sure how that is relevant to what I'm doing. Are you saying that brokers already have partnerships with insurance agents to cross-sell insurance products?

By the way, I like the name... I know who John Galt is.

[John Galt]

Cool, Elimrisk LLC. Just that since you were selling an insurance product (assuming you are an MGA of sorts) not MCA for the uninitiated, that maybe the other side of that was that you might want to offer insurance book financing. If you are selling your product direct to the consumer instead of agents it would have no bearing and I would be mistaken.

[Elimrisk LLC]

Yes, I'm a licensed insurance agent and have a team of agents that are licensed to sell insurance products in all 50 states. The goal is sell insurance products directly to the consumer (merchant). I'm aware of how protective a broker, ISO or lender would want to be of their relationship with the merchant. I have written in to the Lead Purchase Agreement provisions that would contractually prohibit me or my team from offering any kind of loan product and would protect the relationship between the merchant and broker, ISO or lender from competition.

[John Galt]

Got it Elmrisk, I am both a 218 L/H/D in Fla which is now a 215. Also 220 P & C. Got both in early 80. Brokerage side- series 3, 6, 7, 8, 22 and 65, I understand the manager's license is now a 10 rather than a 22. Also an ex CFP and RIA...what would you sell to my clientele? Been selling MCAs since 85. They have fed me and my family well and I have a substantial book.

[Elimrisk LLC]

Yes, I was thinking when you used the term MGA that you must have had a background in the insurance/investment world. We should definitely talk.

The Lead Purchase Agreement is set up to compensate someone doing MCAs with a flat fee because we obviously can't share commissions with someone who is not licensed. But your situation is different.