Need Advice from Experienced Agents!

[Life Hawk]

Can anyone tell me why someone raking in 300K a year would want to haunt the forum?

Really?

Hmmm... something here just doesn't make sense to me, but what do I know?

Back to my popcorn.

 

[Allen Trent]

I would instead connect with a multi-line agent. Get licensed & refer clients to them & get a split of the compensation of new & renewal. if the multi-line also needs life insurance for their contracts, do the same as the home/auto. if the agent has no need to sell life, get your agency set up to do other term life, final expense, med supps whatever.

But while the RE market is hot, just set up the machine for someone else so that it is there when the market tanks so you can go more full time. same is true for mortgage brokers.

Cant tell you how many RE & mortgage people that were killing it in previous bubbles wished they would have gotten the insurance going a bit while they were hot. some ended up riding the RE & mortgage market down to failure as they had gotten too used to the huge incomes of the hot market,

Insurance can be a much slower ride to good incomes than what being in a hot RE or Mortgage market can be

 

[DHK]

Can anyone tell me why someone raking in 300K a year would want to haunt the forum?

Really?

Hmmm... something here just doesn't make sense to me, but what do I know?

Back to my popcorn.

The flawed concept of building "multiple streams of income"?



The insurance industry, at the top of the industry... takes far more knowledge and skills than just passing the insurance license exam. It takes years to build up to a $300k income.

 

[Marcus45]

The flawed concept of building "multiple streams of income"?



The insurance industry, at the top of the industry... takes far more knowledge and skills than just passing the insurance license exam. It takes years to build up to a $300k income.

Makes a lot of sense, thanks!

 

[Marcus45]

Can anyone tell me why someone raking in 300K a year would want to haunt the forum?

Really?

Hmmm... something here just doesn't make sense to me, but what do I know?

Back to my popcorn.

Just trying to figure out if FFL would be a waste of my time or not, sounds like there's a clear consensus. I don't have knowledge in this area, so I wanted to consult people who do. Thanks!

 

[Marcus45]

I would instead connect with a multi-line agent. Get licensed & refer clients to them & get a split of the compensation of new & renewal. if the multi-line also needs life insurance for their contracts, do the same as the home/auto. if the agent has no need to sell life, get your agency set up to do other term life, final expense, med supps whatever.

But while the RE market is hot, just set up the machine for someone else so that it is there when the market tanks so you can go more full time. same is true for mortgage brokers.

Cant tell you how many RE & mortgage people that were killing it in previous bubbles wished they would have gotten the insurance going a bit while they were hot. some ended up riding the RE & mortgage market down to failure as they had gotten too used to the huge incomes of the hot market,

Insurance can be a much slower ride to good incomes than what being in a hot RE or Mortgage market can be

This makes a lot of sense, and seems like a better way to accomplish what I'm trying to. I'm making good money now, but I know Real Estate is cyclical, and things are clearly strong now. I don't want to miss opportunity, but want to have my life raft ready just in case. I like your suggestion. Thanks!

 

[somarco]

You know what % of ins agents net $400k?

Perhaps @Marcus45 nets $300k now or it might be gross. Not judging, just reading his post.

There are a LOT of agents that don't GROSS $400k and even fewer net that amount.

 

[Lawsonhj1]

I live in AZ and an insurance license is easy to get if a Realtor is considering getting licensed I don't see how it hurts. Compared to real estate I think it is easier to get insurance licensed if one has the ability to self study. One might find it comforting to have an insurance license as a back up plan and could ease in or refer for commission splits but I wouldn't recommend jumping ship if cruising at 300k+ unless your bored.

 

[marindependent]

I know Real Estate is cyclical

....so is insurance...

 

[Cornelius]

Just trying to figure out if FFL would be a waste of my time or not, sounds like there's a clear consensus. I don't have knowledge in this area, so I wanted to consult people who do. Thanks!

My suggestion with any company your thinking of aligning with is don't go 100% on what you read online. You can take pros and cons to help with your search.

As we know there are many companies that get negative post but yet at those companies there are agents doing some big things if that is the goal.

The two major considerations are what are your rights going in and coming out especially if your thinking about building a team. It's very easy to get in but coming out is when that John Hancock on the agent contract comes into play. For most it's Gomer Pyle time. Surprise, surprise, surprise..