I Just Signed Up with CONSECO

[2low4nd]

I have read, all the older threads from 2007-2008 about this company going bankrupt over and over again. Conseco just hired me, Im going through the process of getting into there company with required testing to sell the insurance. The top sale are in my region, uppermidwest. But i do have a house, kids, and pets to look after. How does everyone look at the company at this point in time in 2009. They talk about high levels of income with our region and sales will come quick and fast. Im willing to go on and take the job and travel if it will pay more then i make now, mid 30s. But i dont want to put my family, house, or myself at risk. Everyone i have met seems solid, and like a great human being. But all in all im looking for outside input. Thank you.
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Anyone?

 

[xrac]

Welcome! Good luck! My impresssion on Conseco isn't good but then I haven't worked for them.

 

[Pusher08]

Anytime you work for commission only there is a risk. Sadly, the truth is everyone won't make it. I've seen agents loose their cars, houses and lifestyle chasing this. But the upside is incredible.

The best advice I got when I first started was to treat this business like your training for the Olympic team. It's an individual team sport. Your flag is your company. Your events are your lines of insurance (they are all are individual events.) Your team are the people in your office. But once the games start it's all on you. If you win the company or country will be proud and give you all kinds of accolades if you flame out you won't even be mentioned and eventually be replaced. Just because Michael Phelps is on your team doesn't guarantee you any medals. Just because you might play hockey for Brazil doesn't mean you can't win either.

So I guess the point is that you have to take a critical look at yourself. If you have trouble with that ask your close friends and family what they think. But once you commit go 100% the whole time and require it from your management as well. Good Luck

 

[insgrl2000]

They pay good and quick. I worked the PMA work site division and the money is good, if your territory is over worked you have to travel somewhere that isn't. Good Luck !!!!!

 

[STIBROKER]

I Just Signed Up with CONSECO

hahahahahaha.....

 

[GreenSky]

hahahahahaha.....

Don't hold back. Tell us how you really feel.

Rick

 

[jamesflou]

I contracted with them. They have term policies that you can convert for the life of the term. They just dropped 30 year term length and ROP but that"s okay. They have a great product mix! You can help them back to the top along with myself. I did listen to a conference call with a lot of positive sounding information. Good Luck!

 

[JamesCoon]

They were almost bankrupt again a couple months ago. I don't know where you live but this company is a joke and has products that aren't competitive in my area.

 

[padthaiforlunch]

Originally Posted by 2low4nd I Just Signed Up with CONSECO

hahahahahaha.....

 

[jamesflou]

Well it doesn't take much to find out about Conseco. They haven't received a bailout. I personally don't know of anyone who has lost the benefit of their life insurance policy whether it is a highly rated carrier or a B rated carrier like Conseco. Of course a couple of A+ carriers have the same rating and outlook as Conseco does at the moment due to their poor investment choices. Why are term policies so cheap compared to the face value of coverage? Because very few people ever have a claim against a term policy. Why do companies sell them? They make lots of money on term products. But for all practical purposes it works in ones favor to represent the best companies you can.
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You know what JC I find that a lot of companies may be competitive in one area and not another. It's based on claims experience. Just look at the Med Supp Rates. But I guess that's why we don't all represent the same carriers.