Entertainment to insurance-seeking advice

Apr 27, 2008

  1. CaliChick83
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    CaliChick83 New Member

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    Hi,
    I am new to this forum and have been combing through the forum for the last few days. I have to say I am a bit overwhelmed but I am glad that I found this. I appreciate all that I am learning here so thank you. I apologize ahead of time if what I ask has been covered; I am slowly reading through everything and wanted to just throw it out there.

    I currently work in the entertainment industry. I help to manage clients in the industry and on the production side its a lot of business to business sales. I have a business degree from USC (Go Trojans). I am an extremely hard worker and do not mind working 60+ hours a week. From what I have been reading here I feel like I possess the skills to succeed in this business. I am young (early 20's) and do not have any kids yet, so I want to hit the ground running and learn as much as I can. Right now, I would like to start captive and then go independent. I am not exactly sure which type insurance yet, but am leaning toward small-med business retirement/health/life, but am also kind of interested in disability and LTC. Most of the companies that I am looking at offer everything from individual financial planning to group health/life.

    I would like to know who knows about New York Life, Mass Mutual, Northwestern Mutual, Guardian, MetLife, and Prudential Financial specifically in Los Angeles area or just California in general? I would like to know specifics on commissions at these companies, support for new people, and reputation in California. basically, I am seeking the best training I can get as well as ease to change to independent afterwards. I know that it depends on the individual office and the manager, but I would like to narrow it down to about 3 or 4 companies. Then I would go to each and see what vibe I get from the manager and ask all of the specific questions listed in this forum.

    Also when someone starts at a company that offers so many products/services like those are they able to test the waters to see where their niche might be or are the expected pretty much already know which area they want to work in?

    I welcome any feedback anyone has about these companies and/or this location.

    Thanks
     
  2. GreenSky
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    GreenSky Guru

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    I'm sorry but to be successful in this industry you need a degree from a better school. You might think about, oh say, UCLA!

    Rick
     
    GreenSky, Apr 27, 2008
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  3. Corporate Death
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    Corporate Death Guru

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    Your both wrong. Penn State would be the ULTIMATE choice. :cool:
     
  4. CaliChick83
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    CaliChick83 New Member

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    Rick,
    It's too bad UCLA did not offer a B.S. in Business Administration, because then MAYBE, just maybe I would have considered it. ;)

    L

    </IMG>
     
  5. GreenSky
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    GreenSky Guru

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    You're right about that. When I attended (before electricity) there were few classes that would prepare anyone for life - all seemed to lead to graduate school.

    If I could do it over again, I would not have majored in Poli Sci but would have gone to CSUN (called Valley State then) and taken business courses.

    Rick
     
    GreenSky, Apr 28, 2008
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  6. theinuranceguy
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    theinuranceguy Guru

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    OH...IO

    Sorry, its a Buckeye thing...
     
  7. senior-advisor-indiana
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    senior-advisor-indiana Guru

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    I was in the ol' Buckeye State again this past weekend. They need to fix the damn traffic problems on 75.
     
  8. CaliChick83
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    CaliChick83 New Member

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    No worries, I am actually from Ohio...born in Cleveland grew up in Bedford Heights. I get back there at least once a year. My sister went to Ohio State. How's the weather treating you?

    L
     
  9. JustinTime
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    JustinTime Expert

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    Hey CaliChick83 I know your original post mentioned about you leaning toward small-med business retirement/health/life, but also being kind of interested in disability and LTC.

    I'm wondering if you've considered working in the senior market (other than just LTC). Some of the advantages is that most seniors don't work and are at home during the day. This makes it easier to get in touch with them.

    Currently there are around 43 million Americans on Medicare and by 2030 there are expected to be around 80 million...so it's a growing market. The senior health & life market can be a great market to get into. Selling products like Medicare Supplements (health ins.), Medicare Advantage, Final Expense/Whole Life, LTC, Part D are all areas that have helped a lot of agents make a good living.

    As far as being captive goes or starting out with an agency be prepared to take a significant cut in commissions. It might be as much as half of the commission as an independent agent. I know it's nice to have some sales training and that might be where it would be a good idea to consider an independent Field Marketing Organization that can give you sales tools or resouraces to help you get started on the right foot. If you're interested I would considering checking out Senior Marketing Specialists. You can check them out online by going to Senior Marketing Specialists.

    You can call them up at 800-689-2800. If you do call them up be sure to ask for Kiley.
     
  10. 2fast
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    2fast Expert

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    All of the companies that you listed are pretty solid. I have interviewed multiple times with all of them except Mass Mutual and Guardian. In my experience, they are all fairly similar as far as structure goes. It is more a matter of finding a management team that you feel comfortable with. I am here in So-Cal as well, in the Orange County area. They all seem to have training programs aimed at agent success. They all have fairly rigorous screening of prospective agents to attempt to avoid high turnover. Good luck to you in your search.
     
    2fast, Apr 28, 2008
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