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Insurance Sales
Posted on 7/23/16 at 10:15 am
Posted on 7/23/16 at 10:15 am
I've begun my insurance licensing course and was wondering everyones thoughts on insurance sales.
Pros/Cons..
Best company to work for or is it best to go at it independently
Is there still money to be made?
Pros/Cons..
Best company to work for or is it best to go at it independently
Is there still money to be made?
6
Posted on 7/23/16 at 10:30 am to CcTiger2015
Go more in the direction of commercial and not personal lines. I feel like that's the wave of the future. Get your learning (2-3 years) experience anywhere you can get your foot in the door.
Good luck
Good luck
Posted on 7/23/16 at 3:32 pm to CcTiger2015
I own an independent agency, but got my start with State Farm under a veteran agent with 20+ years of experience. He was a board member of NAIFA and was extremely knowledgable on the biz. He wasn't a salesman, he was an educator. We didn't get along very well, as he had an old school mentality on marketing and community involvement, but he was a great agent.
I take that philosophy of educating vs sales to my clients, and it pays off.
As to what the other poster said about commercial vs personal, I agree to a certain extent. There is still money to be made in personal, but it is a tougher road.
I take that philosophy of educating vs sales to my clients, and it pays off.
As to what the other poster said about commercial vs personal, I agree to a certain extent. There is still money to be made in personal, but it is a tougher road.
Posted on 7/23/16 at 9:09 pm to CcTiger2015
There are tons of people in this industry and with many consumers becoming more self sufficients the demand for "salesmen" may be decreasing.
Learn as much as you can and be more than a salesman to customers.. Work hard and there are endless options within the industry. I got offered a job with an independent agent the day I graduated college. 8 years later and I'll be opening my own agency in just a couple of months.
Long-term, agency ownership or commercial lines is the way to go IMO.
Learn as much as you can and be more than a salesman to customers.. Work hard and there are endless options within the industry. I got offered a job with an independent agent the day I graduated college. 8 years later and I'll be opening my own agency in just a couple of months.
Long-term, agency ownership or commercial lines is the way to go IMO.
Posted on 7/23/16 at 9:39 pm to CcTiger2015
quote:
Best company to work for
Any underwriting job you can find.
Posted on 7/24/16 at 6:09 am to Mr.Perfect
Thank you all so much for the valuable advice !
Posted on 7/24/16 at 9:18 am to CcTiger2015
I don't know about the industry, but I have a friend who does well with it, and he's looking for someone junior to train up in that role.
Are you down to move to Palm Coast, FL?
Are you down to move to Palm Coast, FL?
Posted on 7/24/16 at 9:26 am to Mr.Perfect
Why did I get a downvote on the underwriting suggestion?
Posted on 7/24/16 at 10:41 am to Mr.Perfect
A better question is why did you get 3 downvotes?
Posted on 7/24/16 at 10:03 pm to iknowmorethanyou
quote:
better question is why did you get 3 downvotes?
Jesus.
Posted on 7/24/16 at 10:24 pm to Mr.Perfect
I didn't dv you but most underwriters don't have p and c license
Posted on 7/25/16 at 8:36 am to Chad504boy
I transitioned over from State Farm two years ago to the independent side. It has been a move that has been well worth it.definately go independent. Take a role that will let you sell commercial and personal. At first it will be much easier to sell personal while you call in commercial clients and start that sales process.
Posted on 7/25/16 at 10:55 am to MsState of mind
I went from independent to captive. Both have their pros and cons IMO.
Posted on 7/25/16 at 1:36 pm to CcTiger2015
I'm a broker specializing in a niche professional liability field, there is definitely money to be made on the commercial side. The risks are generally more complex and people can't just go to Allstate.com and buy a policy in 10 minutes online like they can for a personal auto or homeowners policy.
There will always be a place for brokers and agents in commercial lines.
There will always be a place for brokers and agents in commercial lines.
Posted on 7/25/16 at 3:22 pm to Chad504boy
After seeing that you got downvoted too, I'm thinking "underwriter" must be a trigger word
Posted on 7/25/16 at 10:31 pm to Mr.Perfect
Why would an UW job be so desirable?
Posted on 7/25/16 at 11:40 pm to Slickback
I don't think they are many pros in a coastal area. Captives do have a very efficient business model where independents have to rely more on their staff
Posted on 7/28/16 at 10:13 am to CcTiger2015
Where are you looking to work and when are you looking to start?
Posted on 7/28/16 at 3:38 pm to igotit
quote:
Why would an UW job be so desirable?
Stability. Guaranteed income. No need to be good at sales or particularly good with people for that matter.
Being an insurance producer on the agency side has WAY, WAY more upside, but the failure rate in the first couple of years is incredible.
You have to be really brutally honest with yourself.
Are you genuinely great at sales? If so, go make a pile of cash as a producer.
If not, there's not really any winging it, you will fail badly. Better in that case to get a company side job in underwriting.
Posted on 8/2/16 at 6:43 am to Slickback
I'm currently in Morgan City but I'm sure I'll have to move out of here in order to make insurance sales an actual possibility. I'd also love to begin within the next 5 months.
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