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re: Any State Farm Agency Owners Here?
Posted on 4/8/14 at 1:08 pm to LSUgolf
Posted on 4/8/14 at 1:08 pm to LSUgolf
It's with State Farm? How is that working for when he retires? My dad, uncle, and grandpaw are all agents and State Farm made it a point a few years back that their books of business belonged to the company and couldn't be passed down to his sons or something along those lines.
2
Posted on 4/8/14 at 1:11 pm to SammichMaker
quote:
It's with State Farm? How is that working for when he retires? My dad, uncle, and grandpaw are all agents and State Farm made it a point a few years back that their books of business belonged to the company and couldn't be passed down to his sons or something along those lines.
That's where the political tap dancing comes in
Posted on 4/8/14 at 1:57 pm to SammichMaker
quote:
It's with State Farm? How is that working for when he retires? My dad, uncle, and grandpaw are all agents and State Farm made it a point a few years back that their books of business belonged to the company and couldn't be passed down to his sons or something along those lines.
I will either have a independent ins agency setup in this current office. Or I will rent this building to the new agent for a large sum of money a month. Or sell it to him/her for a large sum. if he lives another 10 years i will be able to retire when he does.
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