Liberty Mutual

[nyc2phi]

Zapp what state were you in with LM?

 

[ZappMan]

Zapp what state were you in with LM?

Saratoga Springs New York

 

[algieh1]

Hi nyc2phi! I know this thread is a year old but I wanted to check and see if you're still with LM. If so, I'd like to know how things are going and if you're still planning on going indy. I intend to move to North Carolina or TX in the near future. I have insurance experience but will consider myself a scratch agent since I'll be moving to a brand new state where I won't know anyone. I hope you can give me some insight on whether you think LM will be a good move for me. I'm also considering Metlife Auto & Home. If you come across a lot of their policies, I'd like to know how LM competes.

Thanks for any information you can offer!

 

[nyc2phi]

Hi nyc2phi! I know this thread is a year old but I wanted to check and see if you're still with LM. If so, I'd like to know how things are going and if you're still planning on going indy. I intend to move to North Carolina or TX in the near future. I have insurance experience but will consider myself a scratch agent since I'll be moving to a brand new state where I won't know anyone. I hope you can give me some insight on whether you think LM will be a good move for me. I'm also considering Metlife Auto & Home. If you come across a lot of their policies, I'd like to know how LM competes. Thanks for any information you can offer!

Aleigh,

LM is a great place to work. Salary, benefits, bonuses. All of that comes at a price and the price is production. You won't make seriously good money like other insurance companies other there if you are not a top performer and even if you are you can still make a ton more somewhere else that will pay you on renewals. If you are a below average or average agent you'll be reviewed and asked consistently to produce more.

LM is competitive in every state with their target market. Target market being high credit score, married, homeowner, college grad. If you fall in that category they are pretty tough to beat.

I don't know about met life so can't help you there.

Yes I am an Indy agent now and couldn't be happier

 

[algieh1]

Thanks for replying to me! Would you mind telling me what kind of quotas they have how long that give you to reach quotas before they let you go and do they offer brokerage?

 

[nyc2phi]

Thanks for replying to me! Would you mind telling me what kind of quotas they have how long that give you to reach quotas before they let you go and do they offer brokerage?

Your first two years you are evaluated every 6 months. To keep your job it depends on your state but most need to average 3 P&C policies a week and 4 life policies every 6 months. At that level you would be pretty miserable and poor. They really want to be around 7-8 policies a week.

No brokerage. You can refer business out but can't get paid on it

 

[iwilliams76]

i currently work for liberty. same as mentioned above. base 45k during training then 25k for the first year. they provide leads. online leads. the no residual commission sucks. based on the commission payouts im trying to figure out how one make 100k here, you have to bind like 50 policies or more a month? year over year. I heard met life home and auto pays 7% residual?

 

[wow314]

LM makes everyone think they can make 100k. Very few make it, the ones that do have to sell for the rest of their career. To make the same amount.

 

[Guest]

I sell LIberty Mutual (not, Safeco) as an Indy and love them. The commission is great since I am responsible for all overhead.

 

[wow314]

Are you talking about commercial?