Opinions Requested, Help In Deciding

[insurancemet]

HELLO, I am an insurance agent still in need of training. I am looking at different options and really would like any feedback to what I'm trying to decide between.

One, Metlife because they do offer a salary and looks like they will really train, also I spoke to an agent there and he said that one would also be able to sell other products aside from Metlife.

Two, Allstate worksite disability insurance, advantage,
they have quite a number of companies ready like union members people set up to have someone do a presentation so advantage is that and you can show it to several people at a time, but I'm not sure just how good or needed of a product this is. This is similar to Aflac but it looks more simple and they have more of a system in place.,

Three. Independent broker, 1 man who will train me, highly successful, 6 figure income, what he told me but he would pay approximately 60% and no advance, problem he also does allstate and i think he would want me to do that with him, however he wouldn't be able to help me with any leads.

Fourth..as far as life insurance goes, another insurance agent, he would split commissions w/ me but don't really know him yet but i think i can get more commissions if i work w/ him. how crucial is training. I don't even know how to fill up an application or request to get those med exams.

If you are starting out , which would you do? I was thinking trying the Allstate, if it doesn't work, go to Metlife..,but then i think of that successful broker ...i'm confuse, i really need to make a decision by next week. Thanks.

 

[CHUMPS FROM OXFORD]

As you said...you are still in need of training. Of all the choices, pick the one that won't just say they will train you...but will train you.

Also...if you don't sell anything, is it important for you to be paid, or can you hold out a while?

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[insurancemet]

k, say they all train well, which in the long run would work best, also does anyone know if Metlife has a restriction in doing other things for example if you wanted to sell Tupperware not that I sell it, I actually use to sell jewelry but I know w NY Life they don't want you to anything else but insurance not even sell avon. **Also as far as product goes do you think Allstate accident disability is good and really needed , also those cancer insurance..i read somewhere it is a waste of money, what do you all think?

 

[Dave020]

If you are going with a captive company, you might want to find one that will let you switch to a broker contract down the road and keep you book of business. Some companies, if you ever want to go independent, will keep everything and you have to start over from scratch. Not sure about Met, NYL I believe will let you and certainly MassMutual has a brokerage contract. Also, I believe Pru has brokerage contract as well. All mentioned above offer very good training. Steer clear of Northwestern Mutual, great company and good training, but no brokerage contracts.

 

[CHUMPS FROM OXFORD]

With Met, you can not sell anything else.

Re the long run...Met might be a nice stepping stone to bigger and better things.

 

[Bitnis]

What might "bigger and better things" be?

 

[CHUMPS FROM OXFORD]

Using the extensive training and financing to find your "niche." If that niche is financial planning or life insurance, then stay put.

If it is one of many other things, and you are Internet savvy, go on your own.

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[insurancemet]

Do they make an exception to not being able to sell anything, the metlife agent i spoke to today said as long as you disclose it but he didn't sound to positive. Is that a hard and fast rule, if i only sold jewelries on the side, you think they can make an exception or will they?

 

[CHUMPS FROM OXFORD]

You would have to ask the person who is hiring you. Normally, on a U4 form, you must disclose outside business activities.

I don't think they would like one of their reps selling other products on the side. If you need to sell something else on the side, you may not be ready for that position.

 

[myinsurebiz]

Chumps offered excellent advice.

Met and Allstate are HUGE - but it's like having a J.O.B. if you ask me.

If you go Indy - you have dozens if not hundreds of options.

Key in my mind is to focus on doing one line first - i.e. health, life, etc and get great at it. Then - if your income or desires aren't satisfied - branch out . . .

Good Luck,

Tom