Is BGA a Broker General Agent in insurance?

In the Life Insurance World, BGA generally refers to "Brokerage General Agency"

A brokerage general agency establishes and manages contracts with the life insurance companies. The agency then contracts with individual agents who go through the agency for access to the life insurance carrier's product.

Many insurance carriers will not establish direct contracts with individual brokers and therefore require that individual agents work through a Brokerage General Agency. By aggregating the production of the producers in its agency, the brokerage general agency can then negotiate a higher pay out for its agents.

Popular carriers that work in the brokerage market include:

• John Hancock
• Genworth
• ING
• Sun Life

An example of a brokerage general agency would be, First Heartland Corporation
http://www.joinfhc.com/bga.cfm

The individual agent is generall called the "broker" or the "agent."