Need Advise on what Company to Go with

Mar 8, 2016

  1. Cokey30
    Offline

    Cokey30 Expert

    Posts:
    40
    Likes Received:
    0
    Hi everyone I'm new to insurance I'm taking my test Friday and hopefully I pass , but anyhow I have 3 companies that are trying hard to get me onboard with them primeamerica ,American income life and senior life services (out of Florida ) ..I would like to know the pros and cons of each company if possible comp plan, if thier products really help people or are overpriced and etc thanks in advance
     
    Cokey30, Mar 8, 2016
    #1
  2. Newby
    Offline

    Newby Guru

    Posts:
    14,249
    Likes Received:
    1,198
    State:
    Indiana
    Primerica will have you trying to sell term life insurance to everyone even if they want whole-life. And the worst part is they have one of the worst priced term life products on the market. Anyone who price shops you will be a tough one for you to sell.

    AIL- Better mix of products and some training depending on what area you are in but still not competitive on prices and a very weak product mix compared to their competitors. They generate leads based on you are to contact union members with appointments set by you are going to give them some free insurance. Then in the home you are to pull the ol' bait and switch and try to up sell them. Works for some people but a tough gig for most.

    Senior Life- Do you want to sell one of the least attractive (high premiums) final expense products and earn some of the lowest commissions in the industry? You found them! They try to pitch a gimmicky casket pitch to their life insurance sales to get people to forget price. In my humble opinion you are better off selling a better priced company to start with.

    Don't look for good companies on Craig's Life. They aren't there. Read the forum. Get a feel for how things work. Take it a little slow. Then you will be fine.
     
    Newby, Mar 8, 2016
    #2
  3. Cokey30
    Offline

    Cokey30 Expert

    Posts:
    40
    Likes Received:
    0
    Thanks for such the quick response as a newbie who wants a decent comp plan a good product to sell what companies would you suggest and they don't have to supply leads , I have a strong door to door ,cold call calling sells background so I'm willing to find my own business thanks again
     
    Cokey30, Mar 8, 2016
    #3
  4. HoosierLife
    Offline

    HoosierLife Want to write $20,000+ Guaranteed? bit.ly/learnfe

    Posts:
    6,025
    Likes Received:
    923
    State:
    Indiana
    They're all horribly priced and pay low commissions. Look anywhere else...
     
  5. DHK
    Offline

    DHK "YOU CAN'T HANDLE THE TRUTH!"

    Posts:
    8,259
    Likes Received:
    2,031
    State:
    California
    Hmmm... I wonder what that company is rated?

    I think you meant Craigslist.
     
    DHK, Mar 8, 2016
    #5
  6. Cokey30
    Offline

    Cokey30 Expert

    Posts:
    40
    Likes Received:
    0
    So what companies do you guys suggest for a newbie
     
    Cokey30, Mar 8, 2016
    #6
  7. agentinsouth
    Offline

    agentinsouth Guru

    Posts:
    649
    Likes Received:
    2

    I am more of a P&C guy, so the other guys might have a different prospective. With that said, I wonder if Mass Mutual or Mutual of Omaha would be better places to start??
     
  8. DHK
    Offline

    DHK "YOU CAN'T HANDLE THE TRUTH!"

    Posts:
    8,259
    Likes Received:
    2,031
    State:
    California
    Over the other three companies mentioned? Hands down, absolutely!

    Even if you had the WORST office, I'd recommend those two.

    I don't know the Senior Life Services company, but AIL is in supplemental health products. They compete with AFLAC, Combined Insurance, and Colonial (generally). I know some people have had good initial experiences with AIL, but it usually doesn't last longer than a couple of months.

    Primerica is an MLM with 25% contracts to start. Both Mass & MoO would start with at least 55% + new agent bonus opportunities.
     
    DHK, Mar 8, 2016
    #8
  9. goillini52
    Offline

    goillini52 MAGA...Eat More Bacon & BUILD THAT WALL!!!

    Posts:
    19,218
    Likes Received:
    5,457
    State:
    Illinois

    AIL is a Torchmark company.:skeptical:
     
  10. rousemark
    Offline

    rousemark Still Here!

    Posts:
    16,265
    Likes Received:
    3,793
    State:
    Tennessee
Loading...