colonial life

Discussion in 'General Insurance Agent Discussions' started by Tim Eubanks, Oct 3, 2006.

  1. Tim Eubanks
    Offline

    Tim Eubanks Expert

    Posts:
    21
    Likes Received:
    0
  2. arnguy
    Offline

    arnguy Guru

    Posts:
    7,786
    Likes Received:
    12
    State:
    Pennsylvania
    I went to a seminar that Colonial conducted. Their focus is on supplemental products in the workplace environment. Very similar to AFLAC but apparently with class. I have not heard anything negative about them. They do compete head-to-head with the duck (AFLAC). I can't help you beyond that.
     
  3. somarco
    Offline

    somarco That Medicare Guy

    Posts:
    26,707
    Likes Received:
    140
    State:
    Georgia
    I have a friend who was hired by them in the mid-west to train to take over a region supervising Colonial agents. She was promised big things, never happened.

    They do compete with the duck. You can expect to knock on a lot of doors before you make some headway. Concentrate on blue collar industries in the hinterlands.

    Their products are decent but other companies are coming on strong in the worksite market including Torchmark, Provident, Allstate, Assurity and others. The market is getting crowded.
     
  4. NHB_MMA
    Offline

    NHB_MMA Guru

    Posts:
    475
    Likes Received:
    0
    If I'm not mistaken, I think InsureBob has written business with Colonial.
     
  5. JE INSURANCE
    Offline

    JE INSURANCE Super Genius

    Posts:
    147
    Likes Received:
    0
    i just went to one of thier seminars and they seem pretty desperate for people..im in south florida so i really dont know if this is a good market for thier product, thanx for any advice regarding them!!
     
  6. Mr. Bill
    Offline

    Mr. Bill Guru

    Posts:
    2,046
    Likes Received:
    8
    I thought Al was working with them as well.
     
  7. Guest
    Offline

    Guest Guest

    I wrote Colonial part-time for the past year and a half. It's a very good company from a HO standpoint... the folks in Columbia, SC can't do enough for their agents... except pay they well!

    The commission structure is not adequate... just too low because there are so many hands in the pie. Unless you can open your own cases and enroll them, it's hard if not impossible to make a full-time living just with Colonial.

    Add to that the fact that the economy has hurt this market. The average premium is $50 a month or $600 a year. The guy or gal who had an extra $50 in the paycheck for a accident or disability plan has had that eaten up by Exxon as well as at their local supermarket for milk, bread, and beer.

    I left Colonial because the local manager screwed me on a commission split. That's the way this biz goes sometimes. I didn't fight it... I just voted with my feet and left. I hope you have better luck than I did.

    Al
    MoO
     
  8. JE INSURANCE
    Offline

    JE INSURANCE Super Genius

    Posts:
    147
    Likes Received:
    0
    i noticed the low payout also, 17.5-37.5 depending on product, seems like a lot of legwork for little pay....any other ideas where to start??
     
Loading...

Share This Page