I am thinking of becomming an insurance agent.. please help?

Question

OKay, i am ready to meet the district manager for the 4th time. I filled out all the back ground check, credit report, information, thats all fine,, I have read over an extensive amount of literature on how to make the right decision and if this company is for me.. I meet with the mgr again today with my spouse so that we can kind of tag team him with questions and get some answers. I need to make sure that I dont leave anything out.. do you have any suggestions on what all I should ask?

I will be starting with existing clientele (traditionally) so I will have a salary right away, I will attend the training and classes and pay for my own tests for the licenses. He will provide material for training etc..

I dont have to pay back the salary (some companies make you) I am going to ask about E&O insurance, and residuals, please help me so that I know absolutely every loop hole and everything to ask.. your help is appreciated.. I dont want to be blind sighted and leave something out

Answer 1

Make certain you have done the research on the company you are joining, make certain their long-term goals are something you can get behind, make certain that their product is WORTH selling, not just rpetty to look at, study what their competitors are doing/offering, make certain you have something that makes you different or better than the avg folk.  If you are entering in as an independent agent, what limitations do you have on selling, if you are a captured agent are there any avenues to help a client who needs a service you do not provide, and if so what are they.

Make certain you know their expectations of you: if they want quotas make certain you know not only what they are but how and when they increase.  If there are timelines or deadlines, make yourself aware of them.

Check the financial ratings of everyone involved on AM Best, Standard & Poor and Moody's.  Compare their CURRENT ratings, not just what is on the printed material and look at the long-term predictions that each site offers.

Answer 2

One important factor to consider is that only 2 out of 10 agents succeed in the life insurance business. If you are looking at life insurance consider New York Life they are widely regarded as having the best training in the business. If you are considering PC insurance the survival rate would be higher.

Answer 3

I've worked for many many companies who "set you up" with clients...

Can you sell is the question....to ask yourself...

If you can sell and find clients on your own AFTER the existing leads dry up - you should do well with any company - I DID!

But if you're going to require on-going leads...I suggest

National Agents Alliance - I was with them the longest and made the most $ with them - AND they provide constant on-going leads

look at www.naadavies.com

for more information... I left them for personal reasons and now have opted for an office position...but they were a wonderful way to become a broker!

I am no longer with them....so I get NOTHING for sending you to them