Interview with a P&C Agency

[JoKat]

Thanks B61, I will chat with her.

I will get 30% and when I recruit 3 with 3 sales I will be at 45%. I joined for the social activities and the down line income that my family will continue to receive after I die.

 

[xrac]

Thanks Steve for the info and the link.
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Hey Xrac
Are you sure you will be a success in the insurance business. Perhaps you should consider a career in construction. LOL

............

 

[MikeM.]

Thanks B61, I will chat with her.

I will get 30% and when I recruit 3 with 3 sales I will be at 45%. I joined for the social activities and the down line income that my family will continue to receive after I die.

I wouldn't even waste my time at 30% contract for Life Insurance. The lowest I would go is 75%- 80% commission. Look elsewhere. There are many IMO out there than can offer you better contracts than these MLM/Network Marketing Agency like WFG, Primerica, and FFS.

 

[JoKat]

I understand what you are saying at 30%. As I said, I am new at this insurance sales. I have a good business in legal accounting and can make a lot of income from it, but it won't give me after death income for my family.

I also have support from others and being a sole practitioner I am alone. With WFG. I am given support and I belong to a team of 100's to associate with.

Once I have become a good and knowledgeable insurance agent I might consider a move.

 

[MikeM.]

As an independent agent running your own agency, as long as any of your family member(s) is properly licensed, they can take over your agency if something where to happen to you and continue receiving income after you are gone as long as they continue to run that business. You don't need WFG to do that for you. Just giving you options to look at. If WFG is for you, than it's for you....but like I said, just giving you options to look at.

 

[JoKat]

Thank you Mike. My family is in the Philippines and I might still look at this idea in the future.

 

[b61mack]

I had to grab for my oxygen bottle! Then I remembered I don't have one. They are not being fair with you! I am being to kind, they are screwing you! Talk with Mah, she signed with efes, She was in the same boat. Don't sign anymore contracts with WFG, because that will lock you out of those carriers for 6-12 months. We are only looking out for you. Have the WFG, rep, join this form, and explain his contract. I am sure he won't.

 

[xrac]

I had to grab for my oxygen bottle! Then I remembered I don't have one. They are not being fair with you! I am being to kind, they are screwing you! Talk with Mah, she signed with efes, She was in the same boat. Don't sign anymore contracts with WFG, because that will lock you out of those carriers for 6-12 months. We are only looking out for you. Have the WFG, rep, join this form, and explain his contract. I am sure he won't.

b61mack, is right. Read the posts by Mah and you will see how she figured this out. Mah, is from Jamacia (I think).

 

[Milkman1265]

do they release you when you want to leave? im not sure if true or not, some people who used to work with them said they wont release them and they couldnt use some of the carriers that wont allow dual agencies...

if you are looking to learn and then leave, you might want to consider that.

 

[jhuang]

I understand what you are saying at 30%. As I said, I am new at this insurance sales. I have a good business in legal accounting and can make a lot of income from it, but it won't give me after death income for my family.

I also have support from others and being a sole practitioner I am alone. With WFG. I am given support and I belong to a team of 100's to associate with.

Once I have become a good and knowledgeable insurance agent I might consider a move.

People need to realize that RECRUITING people is how Primerica and WFG writes new policies. They sell dreams rather than life insurance. They know that people come and go and new blood is always a good thing for them because most people that join will write their own policy. So you get 30% of your own policy, guess who gets the other 70%...your upline!

Becoming a good and knowledgeable insurance agent doesn't require you to give up a huge chunk of your own commission. It requires you to study the policy and it's endorsements (riders in Life Insurance) and understand why people would need the coverage. Building sales and a team requires management and leadership skills and you don't need to learn that from WFG or Primerica.