Getting Started in the Insurance industry

Discussion in 'Getting Started Selling Insurance' started by KCinsuranceguy, Sep 18, 2008.

  1. cab58grl
    Offline

    cab58grl New Member

    Posts:
    1
    Likes Received:
    0
    State:
    Georgia
    There is quit an abundance of helpful information on this site. I appreciate all the posts, as I'm considering a change of careers into the Insurance industry. My concern is I'm a "newbe" and don't know the industry yet. I'm learning bits through researching the internet. I want to make an informed decision before I pay for my license and commit to the process.

    I'm being "recruited" by a GA. branch of Bankers Life and Casualty. I know their requirements are low and I'm not "special" yet I'm curious if any of you professionals have feedback on the company. I'd love to hear all concerns or problems that have arisen from agents who've experienced being a "captive agent" with Bankers.
     
  2. xrac
    Offline

    xrac Well-Known Member

    Posts:
    11,461
    Likes Received:
    21
    State:
    Indiana
    Search this site and I think you will find that Bankers is very low tier. I would go with Combined or Western Southern before I joined Bankers. We have several pros on here from Georgia. The should be able to give you some guidance.
     
  3. mfrost
    Offline

    mfrost Member

    Posts:
    7
    Likes Received:
    0
    State:
     
    When I moved to Florida I did not have to re-test,but I had to apply for a Non-Resident License because I did not have my license for a full year.After I had my license for a year I was able to transfer it to Florida.Check with the DOI of Florida for exact details.Good luck
     
  4. chicagorep
    Offline

    chicagorep Member

    Posts:
    9
    Likes Received:
    0
    State:
    Illinois
    Good Afternoon, I recently just join this forum and like the KC rep and unsure which path to travel within the insurance industry.

    I would appreciate any and all words of wisdom from those that have found success within the industry.

    There are many products out there and many companies to choose from. I am sure there are some to stay away from and some to seriously consider.

    I am in Chicago and have a have background in B-B sales, and in the end would like to have my own broker agency.

    Which tye of insurance is the best to sell in the beginning?
    Which companies are the best to work with/for?
    Any recomendations of a good insurance broker in the Chicago area?

    Thank you!
     
  5. Carie_Texas
    Offline

    Carie_Texas New Member

    Posts:
    1
    Likes Received:
    0
    State:
    Texas
    What about Farm Bureau Insurance Companies?

     
  6. jsd1239
    Offline

    jsd1239 Well-Known Member

    Posts:
    45
    Likes Received:
    0
    State:
    Ohio
    I took an early retirement, and have a friend that wants me to get into the insurance business, and work for him, selling life and health. I don't have a license, but he is willing to train me and work for him setting appointments to see if I would like it before spending $400. for the course and license for Ohio. I have limited sales experience, I was a part time travel agent for about 10 years, home based and commission only. I did fairly well at that doing it just part time. Does this sound like a good deal or not? I am also wondering what some of the experienced agents think of AHCP and American Income Life, I noticed adds for them on Monster.com and have never heard of them.
     
  7. superdave45040
    Offline

    superdave45040 Active Member

    Posts:
    30
    Likes Received:
    0
    State:
    Ohio
    Selling Individual Health vs Property Casualty? I closed my Allstate agency after the first year. My first thought was to open an independent agency with Erie.
    After reading through the forum I am thinking that selling Health might be a better way to go- I would appreciate hearing the opinion of anyone who has done both.......
     
  8. jsd1239
    Offline

    jsd1239 Well-Known Member

    Posts:
    45
    Likes Received:
    0
    State:
    Ohio
    I was ready to take my life and health license test, but with Obama and company, I'm going to hold off and see what happens with the healthcare reform. It might not be worth it if you have to compete with a government plan, and carriers paying reduced commissions.
     
  9. YouGotMyMoney
    Offline

    YouGotMyMoney Well-Known Member

    Posts:
    4,935
    Likes Received:
    0
    State:
    Florida
    It seems from your statement here you were only looking to market individual health plans , is that correct?

    Remember, even if you don't want to get involved with indy health right now cause of chargeback liabilities, you can still market Group Health, Life, LTC, Medicare Supps, Annuities...etc.
     
  10. EFLTEACHER
    Offline

    EFLTEACHER Well-Known Member

    Posts:
    52
    Likes Received:
    0
    State:
    Iowa
    All BLC does is sell medicare supplements, annuities and long term care to Seniors. They have very few leads for new agents and you will be cold calling the "turning 65 list," and calling years old leads.

    You will also have a variety of expenses to pay, while at the same time being treated as an employee.

    When all is said and done, you will be in business for yourself anyway, so you would be far better off getting an E & O Policy , signing with a GA , buying a few leads and learning as you go; online , here on this forum and the best school in the world- the school of hard knocks; which is the only place that counts anyway.

    :yes:
     
Loading...

Share This Page