Hey all,
I'm brand new to insurance. I got licensed a year ago, but as someone on this forum pointed out, that's only a license to begin learning. I did construction full time, and just dropped down to 3 days a week now, because I really want to focus on getting insurance going. Construction will pay my bills while I get insurance running. So I have a couple questions...
1 - I've already been contracted with a broker company. I'll be focusing on life insurance sales - Mostly term. I've contracted THROUGH "said company" with a few life companies that "broker" works with. The problem that I have is that I'm starting to realize that those policies are very expensive. Not only have I had people TELL me that the prices are steep, but I've personally run test quotes online, and found that other comparable products are more than 40 to 50% less cost. Now, I'm a captive agent. I have no problem being captive, but I don't want to sell a product to my customers if I KNOW they can get it for a much lower price. I'm extremely honest, and I want my clients to trust me. But being a captive agent, I can’t offer them the best deal…not even close.
SO – I’ve got no problem leaving “broker”, but do I go independent and start signing myself up with a whole bunch of life companies? If so, what are the top 10 life companies to contract with? (I’m in California)
2 - I would LIKE to own my own book if possible. If I can't do that to start with, then that's no biggie. I'll work through someone else until I get the knowledge needed of the products etc.
SO – Again, do I just go Indy and sign up with those insurance companies? If I should NOT go Indy just yet, what company should I work with…what company will at least be able to offer the clients a “fair” market price? And I'll need training / support at least early on, so they'd need to be helpful in that area as well.
Life insurance is the only insurance that I am getting a comfortable working knowledge of. For the most part, I understand it. Every company has their own little tweaks on definitions and policies etc, but it’s easy to learn. Anyway, for me, since I’m brand new, is it recommended that I start out with Life insurance sales or is there a smaller stepping stone I should look into?
Also, I have no problem doing cold calls if that's what it takes to get going. But is it more advantageous to start working with a company, or just try to get my own business going?
Is there a company that would give me their leads, and let me work from home 2 days per week? The work days would fluctuate depending on what 3 days I'm needed in construction. So basically, the schedule would be whenever I want to work, but they'd give me leads and a percentage of the commission. Any ideas? Again, California.
Any suggestions are helpful.
Thanks everyone
I'm brand new to insurance. I got licensed a year ago, but as someone on this forum pointed out, that's only a license to begin learning. I did construction full time, and just dropped down to 3 days a week now, because I really want to focus on getting insurance going. Construction will pay my bills while I get insurance running. So I have a couple questions...
1 - I've already been contracted with a broker company. I'll be focusing on life insurance sales - Mostly term. I've contracted THROUGH "said company" with a few life companies that "broker" works with. The problem that I have is that I'm starting to realize that those policies are very expensive. Not only have I had people TELL me that the prices are steep, but I've personally run test quotes online, and found that other comparable products are more than 40 to 50% less cost. Now, I'm a captive agent. I have no problem being captive, but I don't want to sell a product to my customers if I KNOW they can get it for a much lower price. I'm extremely honest, and I want my clients to trust me. But being a captive agent, I can’t offer them the best deal…not even close.
SO – I’ve got no problem leaving “broker”, but do I go independent and start signing myself up with a whole bunch of life companies? If so, what are the top 10 life companies to contract with? (I’m in California)
2 - I would LIKE to own my own book if possible. If I can't do that to start with, then that's no biggie. I'll work through someone else until I get the knowledge needed of the products etc.
SO – Again, do I just go Indy and sign up with those insurance companies? If I should NOT go Indy just yet, what company should I work with…what company will at least be able to offer the clients a “fair” market price? And I'll need training / support at least early on, so they'd need to be helpful in that area as well.
Life insurance is the only insurance that I am getting a comfortable working knowledge of. For the most part, I understand it. Every company has their own little tweaks on definitions and policies etc, but it’s easy to learn. Anyway, for me, since I’m brand new, is it recommended that I start out with Life insurance sales or is there a smaller stepping stone I should look into?
Also, I have no problem doing cold calls if that's what it takes to get going. But is it more advantageous to start working with a company, or just try to get my own business going?
Is there a company that would give me their leads, and let me work from home 2 days per week? The work days would fluctuate depending on what 3 days I'm needed in construction. So basically, the schedule would be whenever I want to work, but they'd give me leads and a percentage of the commission. Any ideas? Again, California.
Any suggestions are helpful.
Thanks everyone
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