What’s Your Exit Plan?

It’s never too early to start thinking about an exit plan for your independent insurance agency. Most principals don’t realize that a thoughtful exit from their business can take up to three years from making the decision to retire to inking the final deal. There are many important considerations; the valuation of the business, how long you want to run the business full-time, and what income you need in retirement. MIAA helps members determine their next steps when they are ready to exit the business, whether selling or merging with an outside agency or perpetuating the business with someone else.

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