Which insurance company is good to work for??

Hi,

I am currently a mortgage broker who is looking to diversify my income by getting into the insurance business. I would like to hear from those of you who are in the industry. What companies are good to work for? Does your company pay a base or is it strictly commission? What is the work culture like? Do they do a credit check? What is the commission split? Quotas? Benefits?? A friend told me about AIG and it sounded almost too good to be true, but after reading about them about them on these forums, I'm starting to form a different opinion!! There are several companies to choose from, Farmers, Liberty Mutual, Allstate, etc..I am looking for a GOOD company where I can offer auto, property, life, health, etc...I would like to narrow it down to about 2-3 companies and then maybe apply for a position w/ those companies..Any advice is appreciated!

Kesha, I am a Realtor in the same boat as you. I've been doing research and thought I found the right company but I was wrong. I have finally found the right company as far as the quality of the lead system and the infrastructure. E mail me at deriktutt@yahoo.com so we can schedule a time to talk. I can also help you out as far as marketing your mortgage business online. I can show you all sorts of free tools you can begin to use immediately. Take care.

Derik Tutt in Atlanta, Georgia said: Kesha, I am a Realtor in the same boat as you. I've been doing research and thought I found the right company but I was wrong. I have finally found the right company as far as the quality of the lead system and the infrastructure. E mail me at deriktutt@yahoo.com so we can schedule a time to talk. I can also help you out as far as marketing your mortgage business online. I can show you all sorts of free tools you can begin to use immediately. Take care.

I live in SC and would love to hear more about the insurance company you found as well as marketing ideas. I have been a mortgage professional for the last 14 years and need another source of income.

Jim Carter in Lexington, South Carolina said: I live in SC and would love to hear more about the insurance company you found as well as marketing ideas. I have been a mortgage professional for the last 14 years and need another source of income.

State Farm is the leading insurance company around, and offers both quality products and services, and offer a paid internship as well. I am an Agency Recruiter in California. Feel free to call me, and I can direct you to a recruiter in your area 310-568-2954.

Jim, what's your e mail address?

Jim Carter in Lexington, South Carolina said: I live in SC and would love to hear more about the insurance company you found as well as marketing ideas. I have been a mortgage professional for the last 14 years and need another source of income.

jcc1991@earthlink.net

Kesha Hamilton in Memphis, Tennessee said: Hi,

I am currently a mortgage broker who is looking to diversify my income by getting into the insurance business. I would like to hear from those of you who are in the industry. What companies are good to work for? Does your company pay a base or is it strictly commission? What is the work culture like? Do they do a credit check? What is the commission split? Quotas? Benefits?? A friend told me about AIG and it sounded almost too good to be true, but after reading about them about them on these forums, I'm starting to form a different opinion!! There are several companies to choose from, Farmers, Liberty Mutual, Allstate, etc..I am looking for a GOOD company where I can offer auto, property, life, health, etc...I would like to narrow it down to about 2-3 companies and then maybe apply for a position w/ those companies..Any advice is appreciated!

see about my company which generates
exclusive, best leads in the industry (state farm
made $50 million, our company made $250 million,
and is # 1 in USA:

naa.tvheaven.com

call me, it will be the best phone call you made

Dali

Jim Carter in Lexington, South Carolina said: I live in SC and would love to hear more about the insurance company you found as well as marketing ideas. I have been a mortgage professional for the last 14 years and need another source of income.

I just recruited a lady who used to made 1 million a year
in mortgages and she choose my company after a long search:

see about my company which generates
exclusive, best leads in the industry (state farm
made $50 million, our company made $250 million,
and is # 1 in USA:

naa.tvheaven.com

call me, it will be the best phone call you made

Dali

The best leads? How?

STAY AWAY FROM NAA!

It was great before November 2006. Now it as same as "Amway" in a wrong way! It's a revolving door where you trick other people to join you and blah...blah...

$25+ for a lead! Oh, there's about 25% chance where the customer will buy. Just look at all the major employment websites and the truth comes out. They are not expanding, they are tricking.... NO WAY....STAY AWAY....

From a fellow indeeder...

"The whole thing with NAA is a SCAM !! When are you people going to realize that? I purchased brand new A+ leads and I was getting hung up on, or told that this family had already been covered by OM or Foresters, three to four weeks ago. NAA is re-selling the leads, over and over again. It is total greed and I hope they all go to prison for fraud !!

As for the situation with OM, the new paperwork they wanted you to sign so quickly, well guess why? Because it is now a 3 year charge-back period.

The sooner you all leave NAA, the better off you are going to be. I am a MUCH happier person now, I don't have sleepless nights, I don't have skin/rash problems because I was so nervous about how I was going to make ends meet, etc....

NAA ruined my credit as well by telling me I should travel all over the country for C R A P. I was paying big bucks to travel all over the country, yet my manager and her managers were receiving commissions from those trips. Is that fair? I certainly don't think so.

Lastly, I was in one of the BIGGEST agencies, if not the LARGEST agency in Texas and the two head people running that agency are looking for a life-boat. I have a friend who was coming up with another idea for a new company, totally outside the realm of NAA and Mortgage Protection and/or insurance. When he told them about his idea, these two men, (you can figure out who they are) tried to first of all pump him for the information and/or concept about the new company he was going to form (even told him "This might be the life-boat that we are looking for") and then once he quit NAA, they have tried to start-up a similar business.

Crooks is what they all are. Buyer beware !!"

I obtained my license again after 14 years and started again with NAA and unless you have $1500-$2000 per month to throw at the business you will not make it. The leads are just not good enough any more since the mortgage business crash.

Jim in Lexington, South Carolina said: I obtained my license again after 14 years and started again with NAA and unless you have $1500-$2000 per month to throw at the business you will not make it. The leads are just not good enough any more since the mortgage business crash.

I am selling by phone after leaving them and really enjoying it. Ramp up requires some time to get prepared to do it right but has [proven to be worth it.

Kesha Hamilton in Memphis, Tennessee said: Hi,

I am currently a mortgage broker who is looking to diversify my income by getting into the insurance business. I would like to hear from those of you who are in the industry. What companies are good to work for? Does your company pay a base or is it strictly commission? What is the work culture like? Do they do a credit check? What is the commission split? Quotas? Benefits?? A friend told me about AIG and it sounded almost too good to be true, but after reading about them about them on these forums, I'm starting to form a different opinion!! There are several companies to choose from, Farmers, Liberty Mutual, Allstate, etc..I am looking for a GOOD company where I can offer auto, property, life, health, etc...I would like to narrow it down to about 2-3 companies and then maybe apply for a position w/ those companies..Any advice is appreciated!

Stay independant. You will be glad you did. Check out selling by phone. It saves a bundle on gas and you can sell in any state from your desk. Just need non res licenses in those states.

Jim, I've heard from different people that NAA's leads are being resold over and over again. So that alarmed me when I was looking for a company to sign up with. I'm not one to bash companies but there is simply way too much negative information going around on and offline. E-mail me at deriktutt@yahoo.com if you want to take a look at what I have found. The NAA founders actually started out with this company and mimicked their business model.

STAY AWAY FROM NAA. The leads are sold to you as A leads yours for 6 weeks...false..yours and other agents. Then sign up for the AA club as we call it pay like 120 a month to a bs call and site. Oh and then your manager will get paid by you getting others signed on. Do you see the picture. Just ask the OH master how they are doing after having several managers leave.....of course they were all quitters.....so they say.

All you NAA folks please hurry last day for the LEADERSHIP DISCOUNT hahahaha what a joke and remember this conf will be the best one ever. And above all bring your check book.

Dali in North Hollywood, California said: I just recruited a lady who used to made 1 million a year
in mortgages and she choose my company after a long search:

see about my company which generates
exclusive, best leads in the industry (state farm
made $50 million, our company made $250 million,
and is # 1 in USA:

naa.tvheaven.com

call me, it will be the best phone call you made

Dali

You have to be kidding me!!!!!!! How are you doing now....NAA getts a bonus on business ummm how much of that goes to the agents? NONE turn in crap business to get a bonus....

Great thread here. I advise everyone to do their research before joining any company. Can't really give better advice than that. Get in where you fit in. Decide for yourself. So if you get burned, you can't blame anyone else.

I love how all you mortgage people think you can just start selling insurance on the side because your industry is at rock bottom!! Insurance IS HARD WORK and requires long hours. It is not a side job. Secondly, make sure you have funds to make it for several years because it takes about 5 years to get a good base of renewals to live off. There are many companies that you can join that will subsidize you for the first couple years, but be ready to sell insurance like crazy to get that money. And yes, any insurance company that will give you a contract will do a credit check. As an insurance agent you have fiduciary responsibilities to your customers. They don't want to take a chance with people that have bad credit. Not to mention if you have bad credit you wont qualify to sell the financial products as the NASD will not let you be licensed if you have financial issues on your credit. You could be an independent agent, but in order to make it you probably would have to purchase someone's book of business. Most large competative insurance companies that sell through independent agents or brokers wont let a person with no experiance sell their products. Most companies will want you to have an established agency and a proven track record before they allow you to sell their products. Other than that, good luck, it's a great industry, but you have to hang in for the long haul. It's not like the hay day of real estate where everybody and their brother could do a loan or two and make huge commissions. Insurance commissions for P&C sales are that high, unless you get into commercial or workers comp, which is difficult and not for newbies.

There is a very easy method to sell insurance and get the best rate for your clients possible. Be a broker and shop for them. My method does require an up front investment for leads and tracking software. No driving no traveling and plenty of interested people to talk to.

sasha_m00re in Hollywood Hills, California said: I am looking for Associates to join my NYSE company. It is a work-from-home opportunity for an insurance company. The potential to make the supplemental income or gain complete financial freedom is definitely there. Just an example, by closing a transaction which could take you 5 minutes of your time, you will make $35. Once you close 5 transactions, your rate will increase to $104 per transaction. Plus, you receive residuals. Message me at sasha_m00re@hotmail.com for complete info. You know what they say... Time is money!

**You will have insurance AND access to your own attorney!!

What exactly are you doing? I'm curious to know.

Sean in Elk Grove, California said: I love how all you mortgage people think you can just start selling insurance on the side because your industry is at rock bottom!! Insurance IS HARD WORK and requires long hours. It is not a side job. Secondly, make sure you have funds to make it for several years because it takes about 5 years to get a good base of renewals to live off. There are many companies that you can join that will subsidize you for the first couple years, but be ready to sell insurance like crazy to get that money. And yes, any insurance company that will give you a contract will do a credit check. As an insurance agent you have fiduciary responsibilities to your customers. They don't want to take a chance with people that have bad credit. Not to mention if you have bad credit you wont qualify to sell the financial products as the NASD will not let you be licensed if you have financial issues on your credit. You could be an independent agent, but in order to make it you probably would have to purchase someone's book of business. Most large competative insurance companies that sell through independent agents or brokers wont let a person with no experiance sell their products....

"You mortgage people"??? First of all, the insurance business CAN be part time, full time or whatever I choose to make it...I know several people doing it PT if they have other things going on, on the side...Trust me, I'm no stranger to hard word or long hours!! And I've checked around and there are plenty of companies that will also hire you as an unexperienced agent as long as you've met licensing req'ts...What company do you work for??

If you are and independent producer and want the highest paid commissions for AIG and Genworth with no production requirements please contact me at termchoice@aol.com

Kesha Hamilton in Memphis, Tennessee said: "You mortgage people"??? First of all, the insurance business CAN be part time, full time or whatever I choose to make it...I know several people doing it PT if they have other things going on, on the side...Trust me, I'm no stranger to hard word or long hours!! And I've checked around and there are plenty of companies that will also hire you as an unexperienced agent as long as you've met licensing req'ts...What company do you work for??

Of course you can make insurance full time or part time or WHATEVER YOU CHOOSE. Thats pretty obvious. If you want to be successfull, you better make damn sure you are doing it full time, and have money in reserves. Instead of getting combative, you should listen to people that have been doing it for years and knows what to expect, unlike yourself.

Kesha Hamilton in Memphis, Tennessee said: "You mortgage people"??? First of all, the insurance business CAN be part time, full time or whatever I choose to make it...I know several people doing it PT if they have other things going on, on the side...Trust me, I'm no stranger to hard word or long hours!! And I've checked around and there are plenty of companies that will also hire you as an unexperienced agent as long as you've met licensing req'ts...What company do you work for??

I'm a Farmers Agent by the way.

Sean in Sacramento, California said: Of course you can make insurance full time or part time or WHATEVER YOU CHOOSE. Thats pretty obvious. If you want to be successfull, you better make damn sure you are doing it full time, and have money in reserves. Instead of getting combative, you should listen to people that have been doing it for years and knows what to expect, unlike yourself.

Sean, I take in and appreciate the information that is of VALUE, but don't need comments like "I love how you mortgage people "think" you can start doing insurance one the side"...Yeah, that comment had such a negative tone..Anyway, thx for the bits of info that were helpful, other than that..I did pick up something helpful from your post.

I'm working in getting my license. Do they all do credit check? for what purpose. That is vey personal. can any one provide information?..

Thank you

Yes they all do credit checks because they do not want agents that have bad credit and skipped out of paying their bills.

So if you had a bad experience like a divorce or loss of job/income adn your bills got behind, they penalize you for that and not give you a job......???????Doesnt make since when there are already about 80-90% of the ones who do get the job fail......

If you have savings to live off of for 6-12 months going the independent insurance route is what I did, after spending 7+ years working for a large captive carrier. I've been on my own for 1 1/2 years now and my income is about 60% of what it was after seven years with the captive. In another year I should be able to replace my entire previous income, plus have the freedom of working for myself without all the corporate "stuff". Trust me, it's getting difficult working for the larger insurance carriers.
www.phoenix-life-insurance.com/Arizona_Term_Life_Insurance.php

That's where you're wrong. Its not a job, it's a business opportunity. If you can't pay your bills and run your personal finances, how can you run a sucessful business? There's a lot to this business that you will not understand until you are in it. They are mainly looking at if you have things like a bankruptcy, judgements or collections debts. If all you have some dings on your credit, you should be just fine.

I love this thread, a tremendous amount of useful info,

I used to sell mort protection but found the type of client to be the bottom of the barrel, the only reason I got involved was for the leads.

I have since found a way to write term life (fully underwritten) in my home on the phone using amazing software and buying internet leads. I only close about 20%, but it is soo much easier running my insurance agency from my home!!

I think anyone who is dedicated and disciplined can do what I do part time or full time

insurance career in your PJs in Indianapolis, Indiana said: I love this thread, a tremendous amount of useful info,

I used to sell mort protection but found the type of client to be the bottom of the barrel, the only reason I got involved was for the leads.
Can you share with me
Could you share with me what opportunity you have that allows you to work from home using the pho
I have since found a way to write term life (fully underwritten) in my home on the phone using amazing software and buying internet leads. I only close about 20%, but it is soo much easier running my insurance agency from my home!!

I think anyone who is dedicated and disciplined can do what I do part time or full time

Could you share with me what opportunity you have that allows you to work from home using the phone ? It may be of interest to me.

JSILVA0711@gmail.com

agent in Phoenix, Arizona said: There is a very easy method to sell insurance and get the best rate for your clients possible. Be a broker and shop for them. My method does require an up front investment for leads and tracking software. No driving no traveling and plenty of interested people to talk to.

Agent from Phoenix, AZ

Could you share with me what opportunity you are involved with that allows you to work from home?

NJagent

JSILVA0711@gmail.com

I work from home selling life insurance making use of the internet and phone.I am very please to share the details if you send me an email with you phone number.
termchoice@aol.com

Termchoice in Newbury Park, California said: I work from home selling life insurance making use of the internet and phone.I am very please to share the details if you send me an email with you phone number.
termchoice@aol.com

Chris Manns

Interested in your lead system

Thanks

I as well looked into leads from NAA, and while there might be some $$ to be made, they dont pay high enough comps to make it worthwhile, and if you recruit, the people you recruit wont survive, and you have to be ok knowing that, which is BS

I work from my home, run a real agency in my PJ's, sell on the phone using a piece of software that manages my entire business

contact management
health questionnaire
email automation program
quoting system top 20 carriers A+ rated AIG,ING,PRU,GEN,TRANS,WCL,RBC, & Fidelity simplified
write app online
order paramed online
case management online

this 1 system is like having an entire back office that cost $50K/yr- but for $720/yr to lease the software

I think what I do is the future of insurance sales, no more driving to appts to be porched, or spending money on brick and mortar

I help real applicants who are educated enough to be on the internet shopping for the best quotes, they dont lapse bc they are real buyers who need insurance

I think if anyone wants to be an independent producer, and or producer who wants to start own agency, this is the way to go

I do the same I work from my home, run a real agency and sell on the phone using a piece of software that manages my entire business and it is FREE to all agents. I save that $720 each and every year.

How do you get signed on with that company
cmanns@email.com

Chris in Orlando, Florida said: How do you get signed on with that company
cmanns@email.com

Contact me for more info at: termchoice@aol.com

insurance career in your PJs in Indianapolis, Indiana said: I as well looked into leads from NAA, and while there might be some $$ to be made, they dont pay high enough comps to make it worthwhile, and if you recruit, the people you recruit wont survive, and you have to be ok knowing that, which is BS

I work from my home, run a real agency in my PJ's, sell on the phone using a piece of software that manages my entire business

contact management
health questionnaire
email automation program
quoting system top 20 carriers A+ rated AIG,ING,PRU,GEN,TRANS,WCL,RBC, & Fidelity simplified
write app online
order paramed online
case management online

this 1 system is like having an entire back office that cost $50K/yr- but for $720/yr to lease the software

I think what I do is the future of insurance sales, no more driving to appts to be porched, or spending money on brick and mortar

I help real applicants who are educated enough to be on the internet shopping for the best quotes, they dont lapse bc they are real buyers who need insurance

I think if anyone wants to be an independent producer, and or producer who wants to start own agency, this is the way to go

I work for a major carrier from my home but would love to hear more about your opportunity. I am tired of working for a captive agency. Can you email me some info at daisy29088@aol.com? I would greatly appreciate your help!
Melissa

agent in Phoenix, Arizona said: I am selling by phone after leaving them and really enjoying it. Ramp up requires some time to get prepared to do it right but has [proven to be worth it.

I WOULD LIKE TO HEAR MORE ABOUT HOW YOU DO THIS. I HAVE TWO LICENSES BUT AM LOOKING AT OPPORTUNITIES TO WORK FROM HOME AND BE INDEPENDENT.

Marild in Culver City, California said: I WOULD LIKE TO HEAR MORE ABOUT HOW YOU DO THIS. I HAVE TWO LICENSES BUT AM LOOKING AT OPPORTUNITIES TO WORK FROM HOME AND BE INDEPENDENT.

Marild,

you can watch me online this Tuesday night sell life insurance from the comforts of my home in my PJs

send me a quick email osjllc@gmail.com

insurance career in your PJs in Indianapolis, Indiana said: Marild,

you can watch me online this Tuesday night sell life insurance from the comforts of my home in my PJs

send me a quick email osjllc@gmail.com

Are you a broker?

Chris in Orlando, Florida said: Are you a broker?

yes Chris I am
ING
AIG
PRU
Trans
WCL
Banner
RBC
Genworth
Aviva
ANICO
etc...

ING
Chris I am also a broker and work from a home office in shorts and a tee shirt. Compare commissions and lead programs. termchoice@aol.com
AIG
PRU
Trans
WCL
Banner
RBC
Genworth
Aviva
Western Reserve

Termchoice in Newbury Park, California said: I do the same I work from my home, run a real agency and sell on the phone using a piece of software that manages my entire business and it is FREE to all agents. I save that $720 each and every year.

Hey there, I'd love to hear more about how you do this. Please e-mail me when possible. I currently work for a GA for Guardian in a client services role, but am licensed by both Berkshire Life and Guardian. My goal is to work from home selling health and life. Want to hear more about this agency management software. Thanks. fchump@bellsouth.net

There are a couple ways to enter the insurance field, either as a captive or independent. I'd really encourage anyone new to work for a large carrier first. It's not a requirement obviously but you will get paid better for learning. Eventually, many of those captives want to be self employed without the large corporation telling them what to do. www.grandcanyonquotes.com

I also home office and earn more commissions than when I worked for a large insurance company wearing slacks, dress shirt and a tie. Plus, I no longer have a "boss" (other than the wife lol) over my shoulder. That is a great benefit. I push myself and work hard anyway. www.lowcostaffordableinsurance.com, www.lowcostaffordableinsurance.com/low_cost_auto_insurance.php