expertise needed--serious advice

Well I'm obviously still looking into all the options, but all of your opinions have been a great help. Even though there might be more money to be made in the independent agency scenario, there is also more capital required and a bigger risk of failure. For someone without the experience and established book to get appointments with many different carriers, the best option for me looks like to go the route of one of these two companies recruiting me to open my own agency up. If all works out, it would still be a great living and I could live the life I want to.

If you guys disagree at all with any of my thinking, please let me know and explain, so, maybe, I can see it more through an outsiders eye that has the experience and expertise in this field. Thanks!
 
If you want to do P&C, why not let State Farm, or one of the other big shops carry the costs for you while you learn? You might even decide to marry one of them and make a good "son-in-law" living.
 
Allstate has been trying to do this for a while now and have had limited success. The older Allstate reps get sick and tired of being "required" to sell a certain amount of life insurance and get a certain amount of investment dollars.

I have some first hand experience with this stuff.

"Cross selling" all this stuff is a FALLACY. They all want to do it, but to demonstrate "why" it doesn't happen, consider this; do you really think anyone with a decent amount of investment dollars is gonna work with an Allstate or State Farm agent? C'mon.

To draw an analogy, how many Merrill Lynch brokers do you think ask their clients about auto insurance?
 
Back
Top