Hi guys, I am not an insurance agent yet but I am thinking of becoming one.
My brother has a few clients that are very rich people. They want to buy insurance( fixed annuities and whole/term life), I am talking about more than 4 million dollars contracts
So...Like I said, I am not life insurance agent yet. But i have no trouble to take whatever exams to become one, since I have been in insurance industry for more than 10 years now. I am an Actuary.
I spoked with one recruiter from xxxxx financial group, and he told me that :
1) I need an agency to sponsor me to take license exam
2) I have to go through the "level" promotion process, like when I first start in the company I can get 25% of the commission and when I have higer "level" i can get 75% of it.
What do you guys think?
I personally don't like what I heard, where does that extra 50% go? it certainly is not going back to insurance company right? I have million dollars contract in hands, why would I take a commisson loss? It's my clients. I would not give it away.
What would you guys do? Any suggestion is appreciated.
My brother has a few clients that are very rich people. They want to buy insurance( fixed annuities and whole/term life), I am talking about more than 4 million dollars contracts
So...Like I said, I am not life insurance agent yet. But i have no trouble to take whatever exams to become one, since I have been in insurance industry for more than 10 years now. I am an Actuary.
I spoked with one recruiter from xxxxx financial group, and he told me that :
1) I need an agency to sponsor me to take license exam
2) I have to go through the "level" promotion process, like when I first start in the company I can get 25% of the commission and when I have higer "level" i can get 75% of it.
What do you guys think?
I personally don't like what I heard, where does that extra 50% go? it certainly is not going back to insurance company right? I have million dollars contract in hands, why would I take a commisson loss? It's my clients. I would not give it away.
What would you guys do? Any suggestion is appreciated.