Met With Guardian Offered Vested New Agent Contract, Good?

[xrac]

Hmm, I do seem to know an awful lot about them...

Hmm, good answer!

 

[bluemarlin08]

Make sure you really understand the contract, I was with Guardian for a couple of years, my suggestion is look at the manager very carefully and speak to other agents in the office, new and those that have been there awhile. See if there is someone that can mentor. In addition, many of the shops put a lot of emphasis on their version of LEAP, I think they call it Living Balance Sheet or something. The concept can make you wealthy if you buy into it, I'm not a fan but many agents are.

 

[alphawave2k]

Anybody know of or recommend a good GA, FMO, etc in Georgia that has good contracts with Guardian...the type that is good for agents, i.e. good % payout/renewals, agent of record, direct pay, etc?
I recently spoke with Ashford Advisors local Atlanta (one of two choices when I called Guardian directly), and after reading through the contract, I'm scratching my head still.
I was told a 50% commission, but is not written anywhere in the contract. First, is this a good payout? And is it typical to not have the payout level written in? This one didn't, though I was verbally told 50%, and I forget the renewals (but also not written in). The other thing the contract stated was that the Principal (Agency) would pay the broker (me) the commissions. Isn't this assigning the commissions to the agent?
I don't know much about contract verbiage, but this doesn't seem like the right contract to sign. If anybody knows of something along the lines this thread exemplifies as good general agent to sign up with, please let me know.
Thanks for any feedback.

 

[BNTRS]

Anybody know of or recommend a good GA, FMO, etc in Georgia that has good contracts with Guardian...the type that is good for agents, i.e. good % payout/renewals, agent of record, direct pay, etc?
I recently spoke with Ashford Advisors local Atlanta (one of two choices when I called Guardian directly), and after reading through the contract, I'm scratching my head still.
I was told a 50% commission, but is not written anywhere in the contract. First, is this a good payout? And is it typical to not have the payout level written in? This one didn't, though I was verbally told 50%, and I forget the renewals (but also not written in). The other thing the contract stated was that the Principal (Agency) would pay the broker (me) the commissions. Isn't this assigning the commissions to the agent?
I don't know much about contract verbiage, but this doesn't seem like the right contract to sign. If anybody knows of something along the lines this thread exemplifies as good general agent to sign up with, please let me know.
Thanks for any feedback.

The broker contract should have schedules near the end that specifiy FYC paid on each product and renewal schedules. These are standard as far as I know--and yes, 50% sounds right. What the GA does have control over is the ERA schedule. You would be wise to ask for this as well.