Career Change

[jas2250]

I have been in the medical industry for over 25 years and traveling 90% of the time. A very good friend of mine has been a State Farm agent for over 30 yrs and has suggested a take a look at the insurance business. At age 50 I question if I should be contemplating starting over. He suggested I take a serious look at Farmers

 

[insuranceexec]

I have been in the medical industry for over 25 years and traveling 90% of the time. A very good friend of mine has been a State Farm agent for over 30 yrs and has suggested a take a look at the insurance business. At age 50 I question if I should be contemplating starting over. He suggested I take a serious look at Farmers

Do you want to start over? If so then take a look.

 

[xosephchu]

I know of some people who joined insurance business at age 50 plus and did very well. Age does not matter much in insurance business, what is more important is the determination and drive to succeed.

 

[xrac]

If you want to work ten more years you can do well!

 

[patch36]

I started in insurance just a few months prior to my 50th birthday. It is like starting over.

You have an advantage over the young ones in this business, but it is real tough starting out. I hear the new Farmers contract does not allow you to sell non-competing lines. I did the Farmers thing and am so glad I quit before I got in so deep I couldn't get out. They have raised rates here and the agents are losing a lot of business. You can not trust them, State Farm or Allstate, etc. You will starve trying to build an agency for them. Do a search.

 

[moeasadi]

I also quit Farmers after 6 months and I am glad I did. It's a lot better to be indy.Good luck

 

[xrac]

I also quit Farmers after 6 months and I am glad I did. It's a lot better to be indy.Good luck

One of my best friends was with Farmers for about 5 years. He liked to starve. He quit and went INDY and has been very successful.

 

[jas2250]

What is the major pros about becoming an independant versus going with a company? I understand not being locked into only their products but is the commissions that much better. Also, what is the general publics perception?

 

[dave74]

Most Farmers agents quit after a month or two and those that make it have some sort of natural market.

 

[xrac]

If I were going into P&C as a captive I think I would look at American Family, Nationwide, or State Farm, perhaps Farm Bureau. Based upon what I have read I would avoid Farmers and Allstate. Before I consider State Farm I would be sure to read all of the posts on this site about their new contract. Not nearly as profitable as it once was. Starting out INDY in P&C is difficult because most P&C companies won't talk to you unless you have a significant book.