American Family, Main Street America Reveal Plan to Merge

May 4, 2018

  • May 4, 2018 at 11:45 am
    Marc says:
    Like or Dislike:
    Thumb up 7
    Thumb down 1

    Great move for American Family to better diversify and grow to a national player. I have a feeling this is just the tip of the ice for this company.

  • May 4, 2018 at 1:36 pm
    NC P&C Agent says:
    Like or Dislike:
    Thumb up 4
    Thumb down 1

    Be interesting to see – AmFam doesn’t do business in NC, but MSA does and we have a number of customers with MSA. I wonder what this will mean for them.

  • May 4, 2018 at 10:32 pm
    STEVEN A BRUNELL says:
    Like or Dislike:
    Thumb up 6
    Thumb down 6

    MY DREAM…..WAS YOURS PROTECTED BY AMERICAN FAMILY LIKE MINE WAS?
    Still have your dream? Has American Family protected your dream? Here’s my experience:
    I had a dream! I dreamt in 1978 that I’d invest in myself for the future. An agency with American Family Insurance Company.
    In 2003 I still had my dream. But I was let go for not signing a blank sheet of paper. (Yes, I was the only one in the district who wouldn’t sign a blank sheet of paper. Who knows what the company was going to add to it!!) And yes, we agents were told that “It is ethical to take advantage of the consumer and there is nothing you can do about it!” And for being the rebel that I am, company officials falsely accused me of calling my district manager a racial name. It later came out that he had lied.
    I left American Family still believing in my dream, but a dream with a different slant from what I had back in 1978.
    Oh yes, I had another dream! I dreamt I’d put dollars into the L-95 to protect my family and I dreamt that future dollars were truthfully projected by the A+ company.
    Age 31, premium $781.90, death benefit base $70,000.00, plan L-95.
    Projected cash value at age 65: $87,356.00.
    Projected death benefit at age 65: $178,321.00.
    Real cash value today: $69,965.80.
    Real death benefit today: $137,061.98.
    What’s happening to my dream?
    I had yet another dream! I dreamt I’d put dollars into the L-100 to protect my family and that future dollars were truthfully projected by the A+ company.
    Age 30, premium $3,148.00, death benefit base $200,000, plan L-100 .
    Projected Cash value at age 65: $401,914.00.
    Projected Death benefit at age 65: $966,112.00
    Real numbers at age 65*: Cash value: $189,608.00. Real numbers death benefit at age 65: $463,974.07. (Mustn’t forget the 7 cents) * Used age 67 because that’s the printout I have.
    So you can see for yourselves how American Family pretends to protect dreams. My dream became a nightmare. (And I hear they’re still doing it with other life and long term care policies.) I didn’t know I was working for a dream crusher. But guess what? Once I got away from American Family, I began dreaming again. And this time I surrounded myself with people who encouraged me, not crush me. I will never ever be totally free of the scars inflicted on me by this company, but finally, the sun shines more than it storms.

  • May 4, 2018 at 10:34 pm
    STEVEN A BRUNELL says:
    Like or Dislike:
    Thumb up 6
    Thumb down 4

    AN AGENT WHO REALLY SAW WAR RESPONDS TO
    “WRITER CHOOSES TO MINIMIZE THE HURT OF TERMINATED AGENTS.”

    My thoughts on the “Writer who chooses to minimize the hurt of terminated AmFam agents:”
    My history:
    Highly Decorated Green Beret SGT, 4 Bronze Stars, Two US, one Vietnam and one Cambodian along with 8 or 9 more.
    American Family Insurance was worse than Vietnam. In Vietnam we knew our enemies. I was able to live with my Vietnam nightmares. After our tour, the VA did not turn their backs on us either like AmFam leaders, and company news outlets did with the AmFam dealings. I almost couldn’t live with my American Family Insurance nightmares. I was with them for 24.5 years and did nothing wrong except refuse to be a crook like Jack wanted me to be.
    ‘Writer’ must be a young agent or someone’s kid. Wait until he has value with some years behind him. He’ll be one of those saying “WHY DIDN’T SOMEONE DO SOMETHING?”
    Sorry to say, NAAFA and agents have been nice too long. Someone’s button has to be pushed. Maybe my grandkids and others stand a chance.
    I know. I stood up to the plate: De-Oppressed Libra, only in the movies.

  • May 5, 2018 at 10:15 am
    Concerned Agent says:
    Like or Dislike:
    Thumb up 4
    Thumb down 3

    This all looks similar to what Nationwide has done with their exclusive agents. First they bought a much smaller regionally based company (Allied) who only distributed products through independent agents, and now years later Nationwide is forcing their exclusive agents to become independent. It is a tremendous cost savings for Nationwide. I predict in 5-7 years, AF agents will all be independent agents or forced to retire.

  • May 7, 2018 at 12:15 pm
    SeenItBefore says:
    Like or Dislike:
    Thumb up 5
    Thumb down 0

    The world is changing gang and there will always be some folks like those here who just aren’t willing to change with it. Allstate “made” their agents go “independent” years ago amongst much angst and dismay but if you ask most of them now 15-20 years later what they think they’ll tell you it was the best thing that ever happened to them. Nationwide agents (those that are good business people) are jumping at the chance to go independent. You can’t live in the past. Aggregators, direct sales and changing times require you to change with them. Sometimes it will be inconvenient but those with positive attitudes and those who should actually be working with insureds and selling them what they need (because they educate themselves and know their products and their business!) will survive and thrive.

  • May 7, 2018 at 2:22 pm
    FFA says:
    Like or Dislike:
    Thumb up 1
    Thumb down 0

    HMMMM. Sounds like a captive based in LA.. .

  • June 10, 2018 at 9:35 pm
    Tom j says:
    Like or Dislike:
    Thumb up 0
    Thumb down 1

    What about the 2 billion dollar lawsuit American family has with its agents. They won a federal Erica lawsuit that is at the appeals court in Ohio. Won,t the mIn street policyholders and agents wonder about that.

  • June 12, 2018 at 5:07 pm
    STEVEN A BRUNELL says:
    Like or Dislike:
    Thumb up 0
    Thumb down 0

    Join NAAFA and get the real story. No fake news.



Add a Comment

Your email address will not be published. Required fields are marked *

*