Hired to Sell P&C, Can I Sell Life on the Side?

Jul 13, 2016

  1. Bigsal22
    Offline

    Bigsal22 New Member

    Posts:
    13
    Likes Received:
    0
    I came over from selling strictly life and now work for a firm that hired me to strictly focus on P&C. However I still have people from my pipeline contacting me for life.
    Obviously I want to keep my full commission and keep them in my book, not that of the new company I came on with, where I am salary plus but, do not own my book, the company does.
    My real question/concern is that if I make a few sales, my new bosses will be able to see it and either want a cut or want to grab them and put them into their book.
    What are the possibilities of this happening? I am still appointed with my life carriers and would be doing this on my own time from my own resources.
    Any guidance is greatly appreciated.
     
    Bigsal22, Jul 13, 2016
    #1
  2. Josh
    Offline

    Josh Retired Agent, Current List Broker

    Posts:
    11,778
    Likes Received:
    64
    State:
    Virginia
    If you're getting a salary it typically means anything that can go through the agency should go through the agency. Best thing to do is to talk to them.
     
    Josh, Jul 14, 2016
    #2
  3. Gulfman
    Offline

    Gulfman Guru

    Posts:
    424
    Likes Received:
    1
    State:
    Florida
    Good question Sal.

    How long you been at your new position?
    Did you disclose that you had a LH Lic to your boss when you signed up?

    .
     
    Gulfman, Jul 14, 2016
    #3
  4. Bigsal22
    Offline

    Bigsal22 New Member

    Posts:
    13
    Likes Received:
    0
    Yes, they were aware I had been focusing on Life exclusively before. I may bring it to their attention but, if the split is anything like it is on P&C, it's going to hurt.
     
    Bigsal22, Jul 14, 2016
    #4
  5. Josh
    Offline

    Josh Retired Agent, Current List Broker

    Posts:
    11,778
    Likes Received:
    64
    State:
    Virginia
    If it's not worth the salary then move on, but my guess is you like the steady pay.
     
    Josh, Jul 14, 2016
    #5
  6. Gulfman
    Offline

    Gulfman Guru

    Posts:
    424
    Likes Received:
    1
    State:
    Florida
    If his LH is paying anything.....any cuts taken would be robbery....effectively negating his salary.
     
    Gulfman, Jul 14, 2016
    #6
  7. Josh
    Offline

    Josh Retired Agent, Current List Broker

    Posts:
    11,778
    Likes Received:
    64
    State:
    Virginia
    When did LH get into the P&C world?
     
    Josh, Jul 14, 2016
    #7
  8. biaomaha
    Offline

    biaomaha Expert

    Posts:
    66
    Likes Received:
    0
    Talk to them but yes normally on salary what you write will go through the agency . Also if your making more on the L H side they may not be happy with paying a p and c salary and not seeing numbers.

    If you were in my agency honestly they would be written through agency codes and anything you had prior I would let you keep the trailers on your side.
     
    biaomaha, Jul 15, 2016
    #8
  9. Bigsal22
    Offline

    Bigsal22 New Member

    Posts:
    13
    Likes Received:
    0
    So I spoke with the agency owners and they offered me a 50% split on commission on those in my pipeline and any clients from our current prospecting currents that I can interest into Life.
    The upside is they want me to just hand them over to the Life department so I dont do any work beyond planting the seed.
    That said, I believe I will push the few I have from my pipeline over and then just spend some time focusing on P&C before reapproaching Life.
    My ultimate long term goal is to have my own life lines going, so I may just stick around for a year and then try venturing out on my own again but, with some hard found knowledge.
    Thoughts?
     
    Bigsal22, Jul 15, 2016
    #9
  10. Bigsal22
    Offline

    Bigsal22 New Member

    Posts:
    13
    Likes Received:
    0
    I never got an actual answer to the original question. If I did write business on my own on the side, would a current employer be notified or able to see what I have written?
     
Loading...