I have worked for Liberty as a personal lines producer. I ended my relationship with them in 2000. Several of my friends who worked with me were forced out. One was forced out at 59 months. He would have vested at 60 months. Another friend was forced out after 22 years. Just not a great thought. I don't like either option but would probably go with Liberty over FB. Liberty will pay you more early on but then it will lose out to FB. I would have ambitions to go independent as soon as possible
Liberty will work you to death. They generally will force mediocre agents out before they vest in the pension plan. They have good products and usually competitive prices. They are good to work for if you are not a producer. They pay very well and have low turnover in support roles but the agents are a revolving door. They do want you to sell life to survive and their life company is horrible. Their Auto and Home is very marketable.
Commission used to be based on average premium in your state.
Auto was 12-14% for Preferred Auto
Home was 20-22%
They are probably lower now. I have no contacts there any more because I wouldn't let a friend go there.
You had to offset the first 600 bucks of commissions with sales before you got any commission so you do the math. It would require 5000 in auto premium each month before you could add to your pay. I still made 40k my first year but it was slow to grow from that. Back then the salary was 25K plus commissions but it would be very hard to get any benefit from your renewals. Their model was for very high volume. I would average 10 units a week of preferred business and that was hard with 15 page paper apps. Now the technology will help that.
You should look at Sentry if you have any opportunities there. They give you a car and a 40K salary plus renewals on existing business that has been abandoned in your territory.
Good Luck. Liberty is tough.
FB is life crazy.
Liberty will work you to death. They generally will force mediocre agents out before they vest in the pension plan. They have good products and usually competitive prices. They are good to work for if you are not a producer. They pay very well and have low turnover in support roles but the agents are a revolving door. They do want you to sell life to survive and their life company is horrible. Their Auto and Home is very marketable.
Commission used to be based on average premium in your state.
Auto was 12-14% for Preferred Auto
Home was 20-22%
They are probably lower now. I have no contacts there any more because I wouldn't let a friend go there.
You had to offset the first 600 bucks of commissions with sales before you got any commission so you do the math. It would require 5000 in auto premium each month before you could add to your pay. I still made 40k my first year but it was slow to grow from that. Back then the salary was 25K plus commissions but it would be very hard to get any benefit from your renewals. Their model was for very high volume. I would average 10 units a week of preferred business and that was hard with 15 page paper apps. Now the technology will help that.
You should look at Sentry if you have any opportunities there. They give you a car and a 40K salary plus renewals on existing business that has been abandoned in your territory.
Good Luck. Liberty is tough.
FB is life crazy.
