William Graham wrote:BJ
for what is worth -- of all the companies you mentioned --- State Farm is the best opportunity on a captive side -- SF also tends to make agency opportunities available to its employees -- so you might think about taking your current skills set to State Farm to begin with -- It has been many years since I checked it out but I think SF is looking for a $50 to $100K commitment/investment by the agent to open or assume an agency - I believe the employees tend to cash in their retirement to fund the agency start up costs.
bjwestner wrote:Hi All - To all of those that know the industry well and have been around for a while, I would really appreciate your help/feedback on something.
Here's the deal: I've been in the insurance industry for 11 plus years. Most of that time has been with P&C carriers on the claims side. I've been a claims rep and a claims supervisor for 9+ of those 11 years. The rest of the time is from when I first got into the industry and worked in the underwriting department of a large life insurer. My primary experience while working for the P&C carriers is in personal and commerical auto claims.
I'm looking to get into the sales side of things as years on the claims side have been fun but it's time to get on the front end of things. I just obtained my producer license in Maryland for P&C, Life, Accident, and Health. I'm a CPCU, CLU, RHU, and FLMI and have been to college. I would think that this would make a decent resume for someone trying to get into the sales side.
I'm not dumb enough to just jump into something that pays commission only as I am well aware of how hard the first few years are on that road. The only offer I've received is from Farmers and this is what I need input on. I've read all the forums and such but the only place that I can get an offer is with them. I do not like the offer as obviously I'd be captive and there is no base salary just a "stipend" which ultimately is going to go back to Farmers anyway. Ideally I'd like to get with an experienced agency that provides some base salary. Don't get me wrong, I plan on working my ass off, I just would like to have someone to learn from and help out as well. If I expect an agency to hire me then I fully expect to give back, after all it's not all about me and I fully understand this. The problem is just that there is nothing out there in the DC area as I've applied many places and the only offer I've gotten in a month of job searching is from Farmers.
Is this something I should consider at all or completely forget it and just wait around until something comes up. I am still employed by an insurance company and I like working here it's just that there is no growth at all (it's a long story). Any feedback would be appreciated and if anyone knows of an agency in the DC area please let me know as I am happy to share my resume and discuss. I have a lot of experience including 4 years of management experience with one of the largest auto carriers in the country. Thanks.
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