A company structure to consider would be a mutual organization where all profits go to members, which in your case would be the policy holders. Profits can be retained to grow the company or policy fees can be reduced by the amounts of its profits. Mutuals have a long history and many of the most successful financial organizations in the US are mutuals (e.g. Vanguard, State Farm, Liberty Mutual, NY Life). You could develop an insurance brokerage mutual that offers products from different insurance companies. I’m not sure if there are mutuals in this space but this could be a potential structure to explore given its long history of success. Personally, I’m a huge fan of Vanguard and Jack Bogle. They’ve done tremendous good and helped millions retire with more money and fewer fees. I wish you the same success!
A company structure to consider would be a mutual organization where all profits go to members, which in your case would be the policy holders. Profits can be retained to grow the company or policy fees can be reduced by the amounts of its profits. Mutuals have a long history and many of the most successful financial organizations in the US are mutuals (e.g. Vanguard, State Farm, Liberty Mutual, NY Life). You could develop an insurance brokerage mutual that offers products from different insurance companies. I’m not sure if there are mutuals in this space but this could be a potential structure to explore given its long history of success. Personally, I’m a huge fan of Vanguard and Jack Bogle. They’ve done tremendous good and helped millions retire with more money and fewer fees. I wish you the same success!