New Life/Health Agent Looking for Guidance

Jan 11, 2018

  1. oboe6127
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    oboe6127 New Member

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    Hi All,

    I am a brand new Life/Health agent and live in Southern NJ. Just passed my exams, coursework, etc. I did all this without a company sponsor as I have been wanting to break into the industry for a while now. Also, I should mention that I am new to the sales arena too. That being said I am looking for employment and want to find a company that supports new agents and those without a direct sales background. I do not want to get into a company that encourages "cold calling" or "hard selling". Rather, I want to ease into this field and get my feet wet first. A company that offers some kind of base salary + commission is preferred. Knowing my business style I definitely need a good mentor and support system. With over 10 years work experience (post-college) I know that the skills I have acquired will translate to insurance nicely.

    • Can anyone recommend some good companies to look into?
    • Do any companies these days provide their agents with health benefits?
    • Has anyone started in a support position prior to getting into a full-fledged sales position? If so, what was your experience like? Would you recommend this?

    Any advice you could give a newbie would be greatly appreciated!
     
  2. Matthew King
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    Matthew King Guru

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    It sounds like a captive place might work best for you. Generally, they are the only ones that might offer a base salary + commission. Most of the independent places only offer commission, again I did say most, not all. I don't know any to recommend to you, unfortunately.

    I would start by using google to find some local in your area. Submit your resume, call in, search for some job openings on LinkedIn.
     
  3. insurancevet
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    insurancevet New Member

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    some are captive in one form of insurance and not in others.
     
  4. DHK
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    DHK Always In The Pursuit of Happyness

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    Your post is contradictory at best. You think that - whatever you did - will translate to insurance nicely... BUT:
    - "I don't want to get into a company that encourages "cold calling" or "hard selling" (the two are completely different, but the apparently feel the same in your mind)
    - You want a base salary + commission
    - You think you have a "business style", but you also say "I definitely need a good mentor and support system."

    [​IMG]

    What you seek... does not exist. Salary + commission in the insurance business really should be read as "give me leads and I'll sell them for a lower commission because I don't want to or can't create my own prospects on my own." Insurance selling is a HARD CORE BUSINESS... and you're not ready based on what you're looking for.

    Insurance companies and agencies pay for results AFTER they are obtained. This keeps premiums low and dividends high for policyholders by doing business this way.

    Here's what I would suggest: find a job as an assistant to a financial advisor. You can learn investments, basic insurance, retirement planning, and get a salary, bonus commissions, securities licensing, and employee benefits. You can learn from the advisor you assist. You'll have stability for a while. You may even obtain a designation or two. Check with banks, credit unions, etc.

    That all being said: Almost EVERY captive life insurance agency may offer you up to 3 month salary. That's not much and I wouldn't count on it for much.

    One I would consider might be Securian Financial Group. I seem to remember that they pay you for ACTIVITY. It was on an older online brochure I recall seeing before.

    New Advisors


    You may also want to check out your local NAIFA chapter and network with them to see who they know that might have a position that fits what you're looking for. Especially if they have a YAT (Young Advisor Team) chapter - that would probably be most helpful.

    NAIFA
     
    Last edited: Jan 12, 2018
  5. Greg D
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    Greg D New Member

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    DHK,

    I understand your point completely, do you have advice for a tad bit older business savvy guy that too has just gotten licenses, in Life/Health and P&C? I've been approached by an acquaintance that has a captive agency and another that deals with just commercial lines but I'm thinking I want to do it all and thus am thinking I really want to be independent but I know there's so much to learn and not sure if I'm putting the cart before the horse. Any suggestions?
     
  6. DHK
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    DHK Always In The Pursuit of Happyness

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    MrSockMonkey and Greg D like this.
  7. Greg D
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    Greg D New Member

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    Thanks DHK! Extremely helpful have been doing a few of these recommendations and was feeling I was being too apprehensive. Fantastic help! I truly appreciate it!
     
  8. Life Hawk
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    Life Hawk Guru

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    If you are unable or unwilling to "Cold Call" how do you expect to make it in this business?

    You speak to strangers every day in this field. Weather you "soft sell" or "hard sell" you still have to sell. And then... sell again... and again.

    This is not warm marketing... need to see that up front. Who really want's to buy insurance anyway?

    What do you do when they say, "No" or "Not now" ?

    If you try to warm up too slowly to this industry... you'll be gone before you even reach thaw.

    Just some thoughts. Hope they get you thinking in the right direction.

    Hard consistent work + willingness to learn + tough skin + pleasant persistence = a winning attitude.

    WELCOME to the forum!
     
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  9. DHK
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    DHK Always In The Pursuit of Happyness

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    You're welcome! Just ignore the spam above you. It'll be deleted soon, I'm sure.
     
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