New Agent Looking for Salaried Position

[chapi1]

I am pretty much new to the insurance industry. However I have been in sales for about 13 years and have a wide range of experience. Based on what I have been reading on several different insurance forums, you either are thrown to the wolves, or you are a captive agent. What I am seeing allot of is that many of the captive agencies are offering nothing more than a little training and some old leads, and that's about it. It seems you still buy your own "fresh" leads, and have just about the same expenses as an independent. I have talked to many captive agencies, and most don't even pay the $17/month E&O for you.

As a new agent to the insurance industry my question is....are there any companies out there that pay a base salary plus commission???

I wouldn't expect much as a base however even a base of $20,000/year plus a low commission could be worth it's weight in gold considering the experience you may get. I feel it would be worth the sacrifice for a year or two.

There is one thing that I have noticed after talking to several GA, FMO's. They seem to claim they have the support and training I need, but that's about it.Their pitches almost seem generic, and It looks like all expenses are still on you, so It seems they are just looking for an override on commissions.

I could be wrong about this because I have not been in the industry long at all. Any help would be greatly appreciated. It seems there is allot of good info from very good agents on this forum, however I have not read anything about a position with base plus comish.

 

[dorado]

Try Humana. They are big in Medicare products, but also have life and ltc.

 

[ineedhelp]

Try contacting American Fidelity Life Assurance Co. of Oklahoma City, OK. to see what may be available in your area or other area where you might be willing to move. They offer a salary, Co. car, benefits, expense account, etc.

 

[magagent]

I admit you do have to start somewhere.. AGLA will pay you a salary for a limited time period, I suppose they could be a good place to start... However if you have 13 years of sales experience, you will be ready to do your own thing long before 12-24 months is up..

I am pretty much new to the insurance industry. However I have been in sales for about 13 years and have a wide range of experience. Based on what I have been reading on several different insurance forums, you either are thrown to the wolves, or you are a captive agent. What I am seeing allot of is that many of the captive agencies are offering nothing more than a little training and some old leads, and that's about it. It seems you still buy your own "fresh" leads, and have just about the same expenses as an independent. I have talked to many captive agencies, and most don't even pay the $17/month E&O for you.

As a new agent to the insurance industry my question is....are there any companies out there that pay a base salary plus commission???

I wouldn't expect much as a base however even a base of $20,000/year plus a low commission could be worth it's weight in gold considering the experience you may get. I feel it would be worth the sacrifice for a year or two.

There is one thing that I have noticed after talking to several GA, FMO's. They seem to claim they have the support and training I need, but that's about it.Their pitches almost seem generic, and It looks like all expenses are still on you, so It seems they are just looking for an override on commissions.

I could be wrong about this because I have not been in the industry long at all. Any help would be greatly appreciated. It seems there is allot of good info from very good agents on this forum, however I have not read anything about a position with base plus comish.

 

[Chazm]

What is your 13 years of sales experience in?

 

[njh_lfg]

As a business owner I would not even consider hiring someone who wants to produce that is asking for a salary in a commission based business. Or if I did they would be on a very short leash. It screams that you are not confident in your ability to be successful in this industry (just as the statistics say you will more than likely fail).

As a new agent you are more of a liability than an asset until you prove yourself in the field.

 

[maksim]

As a business owner I would not even consider hiring someone who wants to produce that is asking for a salary in a commission based business. Or if I did they would be on a very short leash. It screams that you are not confident in your ability to be successful in this industry (just as the statistics say you will more than likely fail).

As a new agent you are more of a liability than an asset until you prove yourself in the field.

+1.

I can see the desire to have a salary.... but as i tell others. i would rather offer a very high commission and bonuses instead of salary plus low bonuses.

Salary mentality.

Your best bet is to look at a captive position with Mass mutual, Guardian, or NYL. Or..... go call a few full service brokers, like Merril, Smith Barney, etc.

third option, call a few local advisors in your area and introduce yourself.

the one option i gave people here locally was... if you want some sort of base, you will spend x number of hours a week working on my stuff, in a sales assistant capacity, for which i will pay hourly wage. Extra beyond that is commission.