Liberty Mutual

[ins cloud]

Use them for training. They are using you and you don't realize it yet. I worked for them almost five years and got burned by them. I think they are a little friendlier now than back then but I have several friends that got burned by them. They are a very good company and usually pretty competitive but always watch over your shoulder. They have life quotas and their products are not competitive. They will destroy an excellent P and C agent with their stupidity around life quotas. Most captives have this tendency though so consider Indy route if you can afford it.

I would agree with that statement about destroying an agent with stupidity around life quotas. Ill give you an example, we have this ridiculous rule in place in New York that if you don't have a certain amount of life policies paid you get taken out of all lead books. So if I don't have say 12 life policies written to date I don't get any incoming leads, walk ins or really anything.
Now if that doesn't piss you off as an agent I don't know what will.

2 life policies a month may not sound too difficult, but when all you can sell is libertys life product it's not easy at all.

 

[wow314]

That's how it was in NC too.

 

[Gulliver]

Well said Gulliver. Did you go the indy route after LM and how long ago did you escape from mother liberty ?

It was near the turn of the century when my time at LM ended. I am now involved in the Independent side. I am intrigued by the Safeco transfer option though. I would love to have had that option back then but Safeco was not a LM company at that time. I was around when they bought Wausau from Nationwide and Nationwide was smart and used that money to buy Allied.

 

[adam1314]

NYC2PHI, how are things at Liberty Mutual? I am considering applying for the agent position. I guess my primary concern is how you can build a business with the low renewals. Do they help you project how much money you make every year based on renewals?

 

[Sales71]

NYC2PHI, how are things at Liberty Mutual? I am considering applying for the agent position. I guess my primary concern is how you can build a business with the low renewals. Do they help you project how much money you make every year based on renewals?

I know a few guys at LM that do business with me. They are very happy with their position. I meet them for lunch a few weeks ago and they mention that at LM offers a pension if you been there fo 20+ years you will have this great pension. Most make a $80,000 K a year or more.

Also these guys I meet are good writers they said renewals was at 1.5 % so they focus on new business all the time. Not a bad gig if you can do 20 years and retire.

 

[nyc2phi]

Sales is right. Liberty Mutual is a good gig, they treat you well, and pay you well if you produce. You are a producer at Liberty Mutual not an agent meaning you do not own your business. Some make a career out of it and produce till they retire, some move on to start their own, others find out insurance is not for them.

The renewals are not in their model because you are a producer there, your job is to do so week in and out, they don't want you to get fat and happy with a big book. They pay you heavy bonuses to make up for some of lack of pay but that's only of you have good or excellent numbers

 

[pburb]

They should be paying their field producers more on the renewals. They have almost no brand recognition with anyone who is under 65. They don't even appear to be competitive with their affinity markets anymore, and now their going to aggregator web leads?God bless you poor souls

 

[nyc2phi]

They should be paying their field producers more on the renewals. They have almost no brand recognition with anyone who is under 65. They don't even appear to be competitive with their affinity markets anymore, and now their going to aggregator web leads?God bless you poor souls

LM has a target market, its not hard to write business here, just have to find the ones they are looking for.

What do you mean by aggregator webleads?

 

[CaptiveGuy]

LM has a target market, its not hard to write business here, just have to find the ones they are looking for.

What do you mean by aggregator webleads?

They are paying affiliates for leads:

Liberty Mutual's Affiliate Program

 

[nyc2phi]

They are paying affiliates for leads:

Liberty Mutual's Affiliate Program

So basically they pay organizations for advertise and generate leads for liberty mutual?