Mass Mutual Commission
- Thread starter boyee
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As to your BoB, it depends. You have a non-solicit for two years, but you can get them to sign making you agent of record once you go on a broker contract with Mass.
As to life, 10% for years 2-5, 5% for 6-10 as I recall. 5% is vested and 5% is non-vested for the first few years.
As to life, 10% for years 2-5, 5% for 6-10 as I recall. 5% is vested and 5% is non-vested for the first few years.
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Maybe a 2% service fee, non-vested.
You have to keep selling.
You have to keep selling.
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You're not comparing apples to apples here.
NYL = MUST be an appointed career agent to service their policies. You can't leave AND service those policies.
MassMutual = can broker with Mass, just don't replace the policy within 2 years of your leaving the agency. You can service them.
Two completely different "exit strategies" for each company.
NYL is a great TRAINING ground (particularly with in-house LUTCF classes) while Mass will let you do "your own thing".
Mass also supports LEAP - something you may want to learn about after your 1st year in the business. (Too expensive and complex to bother during your 1st year.)
If you're looking to join a career agency JUST so you can become independent later on, I'd be looking at MassMutual or Guardian. You can always broker for both of them. You can't broker for NYL (except on BIG cases) and Northwestern Mutual.
So, asking about compensation in the 10th year is rather pointless when you're thinking about leaving the career agency to become an independent agent.
NYL = MUST be an appointed career agent to service their policies. You can't leave AND service those policies.
MassMutual = can broker with Mass, just don't replace the policy within 2 years of your leaving the agency. You can service them.
Two completely different "exit strategies" for each company.
NYL is a great TRAINING ground (particularly with in-house LUTCF classes) while Mass will let you do "your own thing".
Mass also supports LEAP - something you may want to learn about after your 1st year in the business. (Too expensive and complex to bother during your 1st year.)
If you're looking to join a career agency JUST so you can become independent later on, I'd be looking at MassMutual or Guardian. You can always broker for both of them. You can't broker for NYL (except on BIG cases) and Northwestern Mutual.
So, asking about compensation in the 10th year is rather pointless when you're thinking about leaving the career agency to become an independent agent.
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