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Message
re: Thinking about switching to a career in Finance/Insurance
Posted on 8/5/14 at 12:35 pm to The Dutch Oven
Posted on 8/5/14 at 12:35 pm to The Dutch Oven
quote:
The Dutch Oven
If you go this route, go work for a very good and very established State Farm agent. I worked for one of their best agents in the entire company years ago and was paid $2,000 a month base salary plus anywhere from 2.5% to 10% of the annual or 6-month premium on products that I sold. I ended up clearing around $45,000/year working my arse off.
There were no benefits (because I worked for the agent - not State Farm) and the only way to move up was to become an agent. I didn't want to become an agent because the personal investment was simply too risky. I moved on to bigger and better things and am making more money with benefits and no nights or weekends now.
My time spent working with State Farm, though, was very useful as I now know how my insurance works and knowing and understanding how insurance works helps ease the sting of premium increases
Either way, don't go into insurance unless you are a very big people-person. Good luck!
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