Anybody ever worked for a new life insurance company?

Question

have been offerd an interview with new life insurance company and was wondering if its a good thing or if I will go broke starting this job?

Answer 1

New life insurance companies are truely  "startups" - usually.  However not always.

In other words, are they owned by, or a subsidiary of another larger company?  If not, whom does own them?  How and where did they get the necessary capital to start the company.

Insurance companies are regulated on a state level and are required to have a certain amount of monies kept "reserves" - to pay claims.

If you are going to be selling their product and paid a commission, how is it paid?  Are the commissions "as -earned" or "advanced"?  Also, how soon are these paid to you - upon submission of the application, at issue, or some other time.

Hope that helps!

Answer 2

Also, who will be paying for your licensing training and who will be paying for your licenses. If your selling life insurance you also better work for a company that is going to be around to pay those claims.

Answer 3

I am not going to  say I am one hundred percent sure about the answer.Besides it really depends on the personal feelings.SO it would better for you to find yourself.Here is a good resource.http://lifeinsurance.online-helpers.info...