Career Questions and Answers
Working as an independant insurance agent?
Asked by willybobjohnson
I am 44 years old with 25 years of sales experience...currently manage a used car dealership. I would like to spend more time with my sons and am considering a career change. I know that insurance agents make commissions on sales, and earn monthly residuals thereafter. Can anyone direct me towards a company that offers a "real" opportunity to an experienced salesperson. I do not have my license, but have checked out some online "pre-licensing" sights....and it doesn't seem to be any trouble to quickly obtain. I may be able to retain my affiliation with my employer and have access to a database of roughly 2500 customers...each of whom have given us 5 family friends/relatives for references. I have found one opportunity with the National Motor Club which does not require licensing. I am particularly interested in mortgage life/layoff protection....and final expense plans.
Asked by willybobjohnson
I am 44 years old with 25 years of sales experience...currently manage a used car dealership. I would like to spend more time with my sons and am considering a career change. I know that insurance agents make commissions on sales, and earn monthly residuals thereafter. Can anyone direct me towards a company that offers a "real" opportunity to an experienced salesperson. I do not have my license, but have checked out some online "pre-licensing" sights....and it doesn't seem to be any trouble to quickly obtain. I may be able to retain my affiliation with my employer and have access to a database of roughly 2500 customers...each of whom have given us 5 family friends/relatives for references. I have found one opportunity with the National Motor Club which does not require licensing. I am particularly interested in mortgage life/layoff protection....and final expense plans.
A:
Best Answer:
OK. If you want a real answer, shoot me an email: roland_reardon@yahoo.com I own an independent agency in the Atlanta area (check out my answers to some other questions, if you like). I started it from the get-go: cold. In December it will be 10 years old. I have been in the business 14 years total. Always as an agent (producer) always property and casualty, always independent agency system. I'm not trying to flim-flam you by getting you to send me an email. I could write about this for days on here. The best way to do it would be for me to explain some stuff, you ask questions - back and forth. Agency salespeople don't know what goes on behind the curtain, even if you can talk to one. Right out of the gate: Life commissions are big first year and go to almost zero after that. P & C commissions are almost always flat/level from year to year. If you start a life agency, it has no 'equity' - you would not be building a 'snowball' - with 70% the first year and 3 % for succeeding years, your 'residuals' as you call them, are zip in the life business. Anyway, it's up to you. I'll tell you the real deal.
see above.
Answered by roland_reardon
OK. If you want a real answer, shoot me an email: roland_reardon@yahoo.com I own an independent agency in the Atlanta area (check out my answers to some other questions, if you like). I started it from the get-go: cold. In December it will be 10 years old. I have been in the business 14 years total. Always as an agent (producer) always property and casualty, always independent agency system. I'm not trying to flim-flam you by getting you to send me an email. I could write about this for days on here. The best way to do it would be for me to explain some stuff, you ask questions - back and forth. Agency salespeople don't know what goes on behind the curtain, even if you can talk to one. Right out of the gate: Life commissions are big first year and go to almost zero after that. P & C commissions are almost always flat/level from year to year. If you start a life agency, it has no 'equity' - you would not be building a 'snowball' - with 70% the first year and 3 % for succeeding years, your 'residuals' as you call them, are zip in the life business. Anyway, it's up to you. I'll tell you the real deal.
see above.
Answered by roland_reardon
A:
I work for Grange Insurance in Columbus Ohio. We're based solely on independant agents. I'm a programmer so I know nothing about the industry, but atleast it's a place to start. We're in the following states - Oh, Ky, In, Il, Tn, Ga, Iowa, Minn, Mich, S.C., Va.
Answered by Jim C
Answered by Jim C
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