Becoming a State Farm Agent

Ok here is what I went thru:
1- Phone interview (actually 2).
2- Meeting with recruiter.
3- Class for several days in Winter Haven, Florida. BTW while you are in class there is a panel of about 7 SF people that are there to take notes about all the participants, (They do not talk to you) at the end of each day, they pull to the side the ones they don't want and thank them for coming and basically.. don't call us, we will call you.... maybe.. Time to go back home…… they advise you that you may get a call to invite you to the 2nd phase of selection.
Each day of class your group gets smaller and smaller, They will ask you to describe yourself to your class mates and why are you a good candidate for State farm.. (here you have to oversell yourself w/o sounding like a snob.
Phase 2. RING RING… Ok you got the call with some feedback and if you got invited for the 2nd class.. well back to Winter Haven for about 3 or 4 days (hotel paid and meals)… Same thing about 4 instructors and the same panel just taking notes.. By this time you original class of about 30 is now a small group of about 8 or 10. Once again go home and wait for a possible call to invite you back..
Ring Ring Again… ok this time they let you know that next meeting in … Yes you guessed it Winter Haven you will have 5 minutes to tell a panel of 2 your business plan and how you are going to make your agency work… 5 minutes is Not enough time. Also then you have an interview with several managers from SF, they will ask you certain questions and ask you what if type of questions, they are trying to see your reaction an if your freeze or freak.
After both of these things they all get together and decide what to do with you.. answer is either.. BYE or Welcome as a State Farm candidate (More on this later if you want to know what happens at this point) Or we really like you but would like for you to learn more about SF and it's products by working at an agents office for a while(this is what they told me.)
Here are a few things they are looking for and screen before they even invite you…
Good credit score.. Entrepreneurship. Leadership skills. No criminal past.. Do you look the part?
ASSETTS… Money and did I say Money.. yes they want you to tell them how much liquid assets you have and how easy is for you to access it.
Here is the truth (in my opinion and several agents I know) If you would have joined under the old contract.. you could do pretty good, but all the agent under the "Good" contract were either offered retirement or go under the new contract with no Perks or real benefits.
If you would like to know what happens after you get accepted.. let me know I will post it..
Watch this video.. it's not far from the truth..
Why would you work so hard and spend so much money to maybe end up with NOTHING.. no guarantee that they will give you a contract after you worked your butt off for a year to build a business and sacrificed so much.. you cant keep, sell it or even leave it to your kids.. Nothing. It belongs to the company, you are basically renting the name to build something and then give it back to the company..

Sorry for any typos I sent this from my phone. Hope this helps a little.. Humm I will possibly get a few calls tomorrow.. but.. Oh well I'm out of there by December 2013 & joining the IA ranks.
 
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Too funny! This is great! I wish it were only SF, but it's an epidemic in the insurance and financial services industry. And they wonder why they're having a tough time recruiting people.
 
Too funny! This is great! I wish it were only SF, but it's an epidemic in the insurance and financial services industry. And they wonder why they're having a tough time recruiting people.

For any potential SF candidates I would also want you to know that we have had one or two current SF agents posting on here and they suddenly disappeared along with all of their posts. One of the posters was very sharp and very honest. If you are an SF agent you will have Big Brother policing you.
 
Ok here is what I went thru:
1- Phone interview (actually 2).
2- Meeting with recruiter.
3- Class for several days in Winter Haven, Florida. BTW while you are in class there is a panel of about 7 SF people that are there to take notes about all the participants, (They do not talk to you) at the end of each day, they pull to the side the ones they don't want and thank them for coming and basically.. don't call us, we will call you.... maybe.. Time to go back home…… they advise you that you may get a call to invite you to the 2nd phase of selection.
Each day of class your group gets smaller and smaller, They will ask you to describe yourself to your class mates and why are you a good candidate for State farm.. (here you have to oversell yourself w/o sounding like a snob.
Phase 2. RING RING… Ok you got the call with some feedback and if you got invited for the 2nd class.. well back to Winter Haven for about 3 or 4 days (hotel paid and meals)… Same thing about 4 instructors and the same panel just taking notes.. By this time you original class of about 30 is now a small group of about 8 or 10. Once again go home and wait for a possible call to invite you back..
Ring Ring Again… ok this time they let you know that next meeting in … Yes you guessed it Winter Haven you will have 5 minutes to tell a panel of 2 your business plan and how you are going to make your agency work… 5 minutes is Not enough time. Also then you have an interview with several managers from SF, they will ask you certain questions and ask you what if type of questions, they are trying to see your reaction an if your freeze or freak.
After both of these things they all get together and decide what to do with you.. answer is either.. BYE or Welcome as a State Farm candidate (More on this later if you want to know what happens at this point) Or we really like you but would like for you to learn more about SF and it's products by working at an agents office for a while(this is what they told me.)
Here are a few things they are looking for and screen before they even invite you…
Good credit score.. Entrepreneurship. Leadership skills. No criminal past.. Do you look the part?
ASSETTS… Money and did I say Money.. yes they want you to tell them how much liquid assets you have and how easy is for you to access it.
Here is the truth (in my opinion and several agents I know) If you would have joined under the old contract.. you could do pretty good, but all the agent under the "Good" contract were either offered retirement or go under the new contract with no Perks or real benefits.
If you would like to know what happens after you get accepted.. let me know I will post it..
Watch this video.. it's not far from the truth.. First Year Insurance Agent - YouTube
Why would you work so hard and spend so much money to maybe end up with NOTHING.. no guarantee that they will give you a contract after you worked your butt off for a year to build a business and sacrificed so much.. you cant keep, sell it or even leave it to your kids.. Nothing. It belongs to the company, you are basically renting the name to build something and then give it back to the company..

Sorry for any typos I sent this from my phone. Hope this helps a little.. Humm I will possibly get a few calls tomorrow.. but.. Oh well I'm out of there by December 2013 & joining the IA ranks.

Wow did not know people can type that much from the phone and add Videos.:no::GEEK::swoon::GEEK::swoon:
 
From the process Michael describes, you'd think you were interviewing for a high paying position. Instead, it is for a high debt gig.
 
I'm 40 and currently considering the opportunity after 15-years in commercial banking. Not interested in hearing from the nay-sayers and the drag-everyone-else-downers. Has anyone successfully taken over an existing agency? What were the challenges? Why did you choose that over the NMO (New Market Opportunity)? Thanks!!
 
While some do not want to hear it I will say this. I have a friend is is some type of area manager with SF. I do not know his exact title. He told me about a huy locally who spent $75K on a scratch agency for SF. They decided not to give him a contract. No job, nothing to show for his investment, and $75K in debt to pay off.
 
I'm 40 and currently considering the opportunity after 15-years in commercial banking. Not interested in hearing from the nay-sayers and the drag-everyone-else-downers. Has anyone successfully taken over an existing agency? What were the challenges? Why did you choose that over the NMO (New Market Opportunity)? Thanks!!

I have a buddy that took over a SF agency the same month I started my scratch Indy agency and we had coffee this past Friday. Man, don't drink the koolaid they are serving. You can make a lot more money a lot quicker with far less overhead going independent. I spoke with a seasoned SF agent today that was sending me one of his largest clients bc SF was pricing him out and didn't have the right coverage for him. Client had 6 rentals in his personal name. Wanted a personal umbrella of 1 million. Couldn't do it. Umbrella only went up to 4. I have a carrier that will go up to 15. Now one if my largest clients. This happens all day. Especially in the commercial arena. SF is not a player in the commercial market at all.
 
I have a buddy that took over a SF agency the same month I started my scratch Indy agency and we had coffee this past Friday. Man, don't drink the koolaid they are serving. You can make a lot more money a lot quicker with far less overhead going independent. I spoke with a seasoned SF agent today that was sending me one of his largest clients bc SF was pricing him out and didn't have the right coverage for him. Client had 6 rentals in his personal name. Wanted a personal umbrella of 1 million. Couldn't do it. Umbrella only went up to 4. I have a carrier that will go up to 15. Now one if my largest clients. This happens all day. Especially in the commercial arena. SF is not a player in the commercial market at all.

AdvisorsIns, you are one of the nay sayers he doesn't want to hear. Think he will change his tune after he is up to his eyeballs in SF?
 

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