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Do you feel you are paying too much for your life insurance?
That might work for an indy agent, but at least here in California State Farm is pretty expensive on life insurance.
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Do you feel you are paying too much for your life insurance?
That might work for an indy agent, but at least here in California State Farm is pretty expensive on life insurance.
That might work for an indy agent, but at least here in California State Farm is pretty expensive on life insurance.
A few years ago when I was trying to figure out what I wanted to be when I grew up I applied for a J O B as the life and health guy for 3 SF agencies.
At that time if SF guys wanted to max out their P&C comp they had to sell $X of life insurance.
These 3 agencies went together and were going to pay a small base salary, funnel referrals and allow the agent to mine their book. They would also pay the agent 100% of the commission.
On the surface it sounded OK but didn't have to dig too far to learn:
their products were not competitive
street commission on life was 40% (could have been 30%)
they also said I could have 100% of any health insurance commission. The corporate agreement was with Assurant. Commission was "really good" . . . 6%.
Street commission with Assurant at that time for brokers was in the 25% range.
Don't know if they ever hired anyone or not, but they did not hire me.
Sounds like my AllState setup. AllState would not let me have a desk in the office so the three guys rented the office next door and had a door installed so clients could be walked over.
Sold my first $1,000,000 UL and was _The_ Life Insurance Specialist. Made convention to Hawaii for all three of those guys. They got plaques, trophies, and bonuses. They paid for two-night stay at the Calistoga Mud Spas for us. Gas and food were on us. Oh, and I had a whole 1 1/2 years in the business. Life Specialist
Really, writing life from P&C clients, particularly name brand captives, is like shooting fish in a barrel.