Financial Services Rep at State Farm Agent

[Guest]

I guess it just depends on what the agent will offer you in regards to benefits. I get 401K and up to 6% match. I technically pay for my own health insurance since its deducted from my pre-tax income but at least its offered. State Farm has a group plan for all employees including employees of agents but it obviously has to be offered until you can get it.

$55K income for your first year seems pretty high to me but I'm really not sure what exactly you will be doing. ARe you 100% commission? 50/50 or what?

Just depends on what you do and how much business you can bring in like everything else.

 

[NMotion]

Close to 50/50. I'll be doing life, health, annuities, mutual funds, bank prods. Not much p&c.

 

[Guest]

Close to 50/50. I'll be doing life, health, annuities, mutual funds, bank prods. Not much p&c.

I am basically 95% salary so I can't tell you from experience. However, if you can sell all these lines and do it well, $55K would definitely be possible.

I am assuming that the agent you will be working for is going to take his cut off the top of anything you write though. Afterall, he still has to pay you some salary and he has to think about ROI.

Let me know how it turns out if you do take the position.