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re: Considering a career change...
Posted on 3/1/24 at 7:11 pm to DCtiger1
Posted on 3/1/24 at 7:11 pm to DCtiger1
quote:
Well they aren’t doing it right. I started with 30k of my own capital. My company gave me a 36k signing bonus to start and 25k during internship. Now I own my commercial building and it’s fully paid off. Hell my annual bonus is 221k not factoring in residuals or new commission. Heading to Hawaii for 10 days all expense paid for life/health sales. You couldn’t pay me enough to solely sell Medicare and I have zero desire to sit at home and sell
Your residuals and new commissions go pay for your overhead. Youre talking revenue. How much do you keep. Most P&C agents income is little more than their bonus.
3
Posted on 3/1/24 at 7:33 pm to gdzgft28
Big red logo primes the first 3/4 years of the pump as well. It would have been a massive income dump (small biz loan, etc.) just to keep my head above water, and that's the only reason I might have (40+) if my ex agreed to stop spending with profligacy (lol). I can't remember what the program was called.
gdz clearly has direct experience, but think about the ads you see on TV. They're incentivizing bundles to the consumers, because that's apparently how agents make money. The incentive triggers seems to be weird, (paraphrasing) if you sell a $16 a month life policy on top of your $200 a month auto policy, you get a $100 bonus for the quarter.
It reminds me of borderline fraud, like the liquor industry. Liquor is straight out of all the things we were taught were fraud in accounting (channel stuffing, improper rebates, etc.) Insurance feels close. Maybe it's just the Gulf Coast.
gdz clearly has direct experience, but think about the ads you see on TV. They're incentivizing bundles to the consumers, because that's apparently how agents make money. The incentive triggers seems to be weird, (paraphrasing) if you sell a $16 a month life policy on top of your $200 a month auto policy, you get a $100 bonus for the quarter.
It reminds me of borderline fraud, like the liquor industry. Liquor is straight out of all the things we were taught were fraud in accounting (channel stuffing, improper rebates, etc.) Insurance feels close. Maybe it's just the Gulf Coast.
This post was edited on 3/1/24 at 7:34 pm
Posted on 3/1/24 at 8:02 pm to gdzgft28
gdzgft28 -
Are you selling face to face and how long have you been selling these?
Are you selling face to face and how long have you been selling these?
Posted on 3/1/24 at 10:29 pm to gdzgft28
quote:
Your residuals and new commissions go pay for your overhead. Youre talking revenue. How much do you keep. Most P&C agents income is little more than their bonus.
You couldn’t be further from the the truth.
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