CaNewAgent
Expert
- 71
I don't want to sound like a crybaby or someone with a bad attitude. I'm a man and am taking their decision like a man.
My wife has been in the insurance industry for about 15 years, managing offices for an Allstate agent. He got scared when the economy got crazy a couple of years ago and sold the agency to another agent. This action spurred my wife to become an agent. She was accepted by another large carrier and spent two years building an agency from the ground up. I am very proud of her efforts. She just recently was promoted to permanent agent status.
I made the decision to follow her into the insurance profession. I met with her district manager last May and based on this meeting I quit my job. I had been working in corporate America for the past 20+ years but decided I wanted to be in business for myself.
I spent night and day studying for the CA P&C and Life/Health tests and passed both tests by the end of June. I was studying for the Series 6 exam when my reserve agent appointment was approved and I stated work in the middle of July.
At the beginning of August, I found the DM was being forced out of the company. ( I had been there for less than one month) There were 4 or 5 career agents working at the DM's office along with me and one other reserve agent.
The company reassigned the career agents to another DM but left me hanging. The other reserve agent quit. No phone call, VM or E-mail for three weeks. I was finally told that they were going to terminate my reserve agent status. The reason for this decision is a restriction that prevents a husband and wife from having separate agencies. They said I could work as a producer under my wife's agency.
This is not an equitable solution as I would not get any marketing assistance and would have to pay for any formal training I attend.
I had a high paying job, which I would have never left had they been honest and ethical regarding the husband/wife restriction during the initial interview and approval process.
I was only one life policy away from completing all requirements to be promoted from reserve agent to career agent. I would have had a real contract and would have been able to go to the university and received marketing assistance. I was all set to make things happen.
Now, my options are to return to my old career, be a producer for my wife or switch to another carrier and start their agent program. I researched State Farm and based on what I heard on this site, they are as cut throat and unethical as the current company I am associated with.
All of this happened in less than a two month period of time. I find myself giving the company the bird whenever I see their advertisements on TV.
What do you guys think is my best option? My savings are going to disappear fast without income.
My wife has been in the insurance industry for about 15 years, managing offices for an Allstate agent. He got scared when the economy got crazy a couple of years ago and sold the agency to another agent. This action spurred my wife to become an agent. She was accepted by another large carrier and spent two years building an agency from the ground up. I am very proud of her efforts. She just recently was promoted to permanent agent status.
I made the decision to follow her into the insurance profession. I met with her district manager last May and based on this meeting I quit my job. I had been working in corporate America for the past 20+ years but decided I wanted to be in business for myself.
I spent night and day studying for the CA P&C and Life/Health tests and passed both tests by the end of June. I was studying for the Series 6 exam when my reserve agent appointment was approved and I stated work in the middle of July.
At the beginning of August, I found the DM was being forced out of the company. ( I had been there for less than one month) There were 4 or 5 career agents working at the DM's office along with me and one other reserve agent.
The company reassigned the career agents to another DM but left me hanging. The other reserve agent quit. No phone call, VM or E-mail for three weeks. I was finally told that they were going to terminate my reserve agent status. The reason for this decision is a restriction that prevents a husband and wife from having separate agencies. They said I could work as a producer under my wife's agency.
This is not an equitable solution as I would not get any marketing assistance and would have to pay for any formal training I attend.
I had a high paying job, which I would have never left had they been honest and ethical regarding the husband/wife restriction during the initial interview and approval process.
I was only one life policy away from completing all requirements to be promoted from reserve agent to career agent. I would have had a real contract and would have been able to go to the university and received marketing assistance. I was all set to make things happen.
Now, my options are to return to my old career, be a producer for my wife or switch to another carrier and start their agent program. I researched State Farm and based on what I heard on this site, they are as cut throat and unethical as the current company I am associated with.
All of this happened in less than a two month period of time. I find myself giving the company the bird whenever I see their advertisements on TV.
What do you guys think is my best option? My savings are going to disappear fast without income.
