Anyone Write for Erie?

[CaptiveGuy]

1manshow,

Did you start with the preferred accelerated commission contract or the standard contract?

Also I heard auto commission went up to 15% from 10% in 2011 at least in MD.

 

[justcurious1]

Thanks for the insight Daniel.

 

[Tigerhoo]

Hey Gents, just found this site and have been largely entertained and enlightened. Don't ask me what took me so long, as I have been at the multi-line racket for 17 years.

Anyway, I am a captive agent, and have questioned the decision for the last 10 years or so, but now feel very vested.(and I am as I do pretty well financially and have 2 young kids).

Strangely, I am an employee of my company. We have always had a huge life push despite unimpressive commission rates on the lines. I have always done fine, but hate it being shoved down my throat, when it makes up about 10% of my annual income.

I have had a couple discussions with an Erie RM, but he told me about the life requirement of 24 apps/year. This is not much, but I still wasn't in love with it. I am vested with my renewals and cant appoint with another company for 2 years on the life side. I would hate to forgo this $$$. Do you know if in 2011, this will still be a requirement?

 

[CaptiveGuy]

Anyway, I am a captive agent, and have questioned the decision for the last 10 years or so, but now feel very vested.(and I am as I do pretty well financially and have 2 young kids).

Strangely, I am an employee of my company. We have always had a huge life push despite unimpressive commission rates on the lines. I have always done fine, but hate it being shoved down my throat, when it makes up about 10% of my annual income.

I have had a couple discussions with an Erie RM, but he told me about the life requirement of 24 apps/year. This is not much, but I still wasn't in love with it. I am vested with my renewals and cant appoint with another company for 2 years on the life side. I would hate to forgo this $$$. Do you know if in 2011, this will still be a requirement?

Do you work for Liberty Mutual? The text in bold leads me to believe so. When I met with Erie they told me there were no strict quotas but they wanted about 2 life policies per month.

I guess it would be hard to leave after 10 years but if you have enough saved to make it through the first year in another 10 years I bet you will be happy you made the move.

 

[1manshow]

Yep, started 25 years ago "scratch" and with the bumped up commission schedule.

yes 15%/10 here in Pa as well as long as you do 100 new auto each year...surprising how many don't make that minimum in these small communities

 

[Tigerhoo]

Do you work for Liberty Mutual? The text in bold leads me to believe so. When I met with Erie they told me there were no strict quotas but they wanted about 2 life policies per month.

I guess it would be hard to leave after 10 years but if you have enough saved to make it through the first year in another 10 years I bet you will be happy you made the move.

Not Liberty Mutual, there is only one other agent in my office, which I am the senior agent and I have 2 secretaries. I have been there 17 years.

I am pretty proficient at producing life insurance,but in looking at the portfolio of Erie's, it is by far inferior to the company I represent. I would prefer to appoint with brokerage company and make 100% with more competitive product offerings( and keep my renewals for the next 10 years. Erie is very well respected, as well as competitive. They have much better commercial offerings than our very limited offerings, with much better potential for quicker growth.

Nice guess on Liberty Mutual,LOL, as they may have about the closest set up to ours. Ours is much better in that I have my own office and secretaries. I work for a regional company in the southeast.

BTW, I am 39 with kids 4 and 8.
- - - - - - - - - - - - - - - - - -

Do you work for Liberty Mutual? The text in bold leads me to believe so. When I met with Erie they told me there were no strict quotas but they wanted about 2 life policies per month.

I guess it would be hard to leave after 10 years but if you have enough saved to make it through the first year in another 10 years I bet you will be happy you made the move.

Not Liberty Mutual, there is only one other agent in my office, which I am the senior agent and I have 2 secretaries. I have been there 17 years.

I am pretty proficient at producing life insurance,but in looking at the portfolio of Erie's but by far inferior to the company I represent. I would prefer to appoint with brokerage company and make 100% with more competitive product offerings( and keep my renewals for the next 10 years. Erie is very well respected, as well as competitive. They have much better commercial offerings than our very limited offerings, with much better potential for quicker growth.

Nice guess on Liberty Mutual,LOL, as they may have about the closest set up to ours. Ours is much better in that I have my own office and secretaries. I work for a regional company in the southeast.

Long and short, prolly should of done it about 10 years ago.

BTW, I am 39 with kids 4 and 8.

 

[VolAgent]

Not Liberty Mutual, there is only one other agent in my office, which I am the senior agent and I have 2 secretaries. I have been there 17 years.

I am pretty proficient at producing life insurance,but in looking at the portfolio of Erie's, it is by far inferior to the company I represent. I would prefer to appoint with brokerage company and make 100% with more competitive product offerings( and keep my renewals for the next 10 years. Erie is very well respected, as well as competitive. They have much better commercial offerings than our very limited offerings, with much better potential for quicker growth.

Nice guess on Liberty Mutual,LOL, as they may have about the closest set up to ours. Ours is much better in that I have my own office and secretaries. I work for a regional company in the southeast.

BTW, I am 39 with kids 4 and 8.

Is it Shelter?

 

[Tigerhoo]

Sorry, for typos and grammatical errors in advance, as I couldn't get edit feature to work real well.
- - - - - - - - - - - - - - - - - -
Think Agriculture, and that's all this kid's sayin.

 

[VaDwayne]

I am very proud to say I work for ERIE, so proud in fact that I wrote this in Erie blue.

The post are correct, ERIE will earn the business. I never lose business over price, but I do lose some do to stupidity but that is changing too.

My underwriter is very helpful, always...
My DSM sat in my office and helped me for 2 hours just the other day.
The product traing is great.
I work for a freakin awesome agency.

And gosh darnit, my favorite color is blue so I like the clothes....

 

[BTFuzz]

I have an Erie agency for approximately 10 years. I represent numerous other companies and have friends who are agents for other companies. So I think I have a pretty good scope of the industry as far as companies go. Erie is at the top of the mountain.

If you can get an appointment with them, jump on it with both feet. They are fantastic for PL and small CL. If you grow a profitable book with them, you will be handsomely rewarded.
- - - - - - - - - - - - - - - - - -

Hey Gents, just found this site and have been largely entertained and enlightened. Don't ask me what took me so long, as I have been at the multi-line racket for 17 years.

Anyway, I am a captive agent, and have questioned the decision for the last 10 years or so, but now feel very vested.(and I am as I do pretty well financially and have 2 young kids).

Strangely, I am an employee of my company. We have always had a huge life push despite unimpressive commission rates on the lines. I have always done fine, but hate it being shoved down my throat, when it makes up about 10% of my annual income.

I have had a couple discussions with an Erie RM, but he told me
about the life requirement of 24 apps/year. This is not much, but I still wasn't in love with it. I am vested with my renewals and cant appoint with another company for 2 years on the life
side. I would hate to forgo this $$$. Do you know if in 2011, this will still be a requirement?

The 2010 requirements were scrapped...there is no app count requirement. The only requirement Erie has is writing $100k NWP during the year for contingency. They do want you to write life like all companies but as of now, no numbers.