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Message
re: How much do insurance agents make?
Posted on 7/15/15 at 3:31 pm to DukeSilver
Posted on 7/15/15 at 3:31 pm to DukeSilver
quote:
Sorry, but you're wrong.
No i'm not wrong. if you are dealing with an agency that does not have any agent producers working for the agency, then you probably aren't dealing with an agent worth too many fricks.
2
Posted on 7/15/15 at 3:31 pm to tgrbaitn08
quote:Yes, this is true, although they're usually just producers and not agents.
WEll I guess the big commercial agencies like Ellsworth, Pauls, Franks, Laris, etc, have several agents, but the mom and pops only have one agent and they are usually the owner
But the average Insurance Agency that you see all over the place, the Agent is the owner.
Posted on 7/15/15 at 3:32 pm to DukeSilver
quote:
Those aren't agents, those are producers.
principals = owners
agents = producers
Posted on 7/15/15 at 3:32 pm to DukeSilver
quote:
Yes, this is true, although they're usually just producers and not agents.
But the average Insurance Agency that you see all over the place, the Agent is the owner.
gotcha...
Posted on 7/15/15 at 3:33 pm to Chad504boy
quote:Yes, this isn't wrong.
principals = owners agents = producers
But most agencies you see, the Agent is the owner who will have a couple of producers working for them.
This post was edited on 7/15/15 at 3:34 pm
Posted on 7/15/15 at 3:34 pm to DukeSilver
quote:
But most agencies you see, the Agent is the owner who will have a couple of producers working for them.
Do you have to be a licensed agent to be a "producer?" The answer to that question should end this
Posted on 7/15/15 at 3:34 pm to Chad504boy
quote:
if you are dealing with an agency that does not have any agent producers working for the agency, then you probably aren't dealing with an agent worth too many fricks.
Easy Killer..
Posted on 7/15/15 at 3:37 pm to LNCHBOX
quote:The agent gets the "appointments" from companies, or the write to sell their products. Producers only have to have a state license to sell insurance.
Do you have to be a licensed agent to be a "producer?" The answer to that question should end this
Posted on 7/15/15 at 3:37 pm to Phil A Sheo
quote:
Easy Killer..
Joe Frank Insurance Agency with NO producers working for him isn't likely going to have very many company contracts worth too many shits. Probably a mostly surplus lines book of business with a progressive contract.
Posted on 7/15/15 at 3:38 pm to DukeSilver
quote:
The agency gets the "appointments" from companies
Posted on 7/15/15 at 3:38 pm to DukeSilver
quote:
The agent gets the "appointments" from companies, or the write to sell their products. Producers only have to have a state license to sell insurance.
That's an awfully wordy way of saying producers are agents.
Posted on 7/15/15 at 3:38 pm to LNCHBOX
quote:
Do you have to be a licensed agent to be a "producer?"
yes producers have to be licensed agent. agent = producer.
Posted on 7/15/15 at 3:39 pm to LNCHBOX
quote:
That's an awfully wordy way of saying producers are agents.
this dude is bugging the shite out of me.
Posted on 7/15/15 at 3:39 pm to Chad504boy
quote:
The agency gets the "appointments" from companies
Which in most cases is owned by the agent.
Posted on 7/15/15 at 3:40 pm to King of New Orleans
Roommate sells insurance but isn't an agent. He works at a state Farm office in baton rouge and makes about 25k a year.
Posted on 7/15/15 at 3:40 pm to DukeSilver
my buddys uncle is a farmers agent and has been for 20 years
is a multimillionaire and lives off the residuals
my buddy got in to the business and lasted 2 years making under 20k
its not for everyone
is a multimillionaire and lives off the residuals
my buddy got in to the business and lasted 2 years making under 20k
its not for everyone
Posted on 7/15/15 at 3:40 pm to DukeSilver
quote:
Which in most cases is owned by the agent.
all agencies are owned by an agent.
not relevant to any points i'm countering you on.
agencies get appointments.
Posted on 7/15/15 at 3:41 pm to Chad504boy
quote:
Joe Frank Insurance Agency with NO producers working for him isn't likely going to have very many company contracts worth too many shits. Probably a mostly surplus lines book of business with a progressive contract
I'm a small agency that's just starting out... I have several , but I've also been at this for a while and have gotten close enough to several reps to make that happen.
Posted on 7/15/15 at 3:41 pm to PrideofTheSEC
quote:
Roommate sells insurance but isn't an agent.
then he's not selling insurance then.
Posted on 7/15/15 at 3:42 pm to PrideofTheSEC
quote:
Roommate sells insurance but isn't an agent.
According to 504boi, he's an agent and he's licensed.
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