r/InsuranceAgent

27M who has worked at Farmers Insurance since late April. I have no experience in insurance before this (3 years of sales roughly from airport and mortgages) have sold roughly 65-70k in premium the last 4 months under the agents I work for (I am 1099).

My commission is 18-24% depending on if I bundle or use Bristol West. I have made roughly 2k-4k a month and 80% of my business is the warm leads and 20% comes from people I know who need cheaper insurance.

While I work MUCH less than I did in mortgages and make roughly the same while being very flexible I am hitting a bit of a wall.

Today, a friends dad I quoted was going to go through with me since we were switching him from Allstate and saving him 300 on his entire 5,500 premium but his auto rated jumped up another few hundred before my manger was going to bind the policy and he wants to hold off till October.

Understating this is less devastating than when a loan would not work back in mortgages, this still makes me feel defeated. I have a good network of people I know beyond the calls but it sucks I am going to make 3.5k this mother rather than 5k in commission.

While I am happy with my manages who tried hours to fix it and have helped me come so far, I am still bit upset. Is this just growing pains of the insurance game?

I received a call back for a life insurance sales position 100 % percent commission based. I would have to get my insurance sales license and i already know a little bit about life insurance. I like that it is flexible to my work hours needs but I was initially looking for something that would pay me enough to help build more income on side but the fact is commission based and I don't have much sales skills experience and not comfortable is what is holding me back.

The company told me that there formula of how they sale It would be sure I could make some sales but Idk it just sounds scam to me.

Good afternoon,

I'm curious what you guys use in terms of a dedicated work computer. Laptop, mid range tablet with keyboard, chromebook. Etc

Realistically I know you just need to run some spreadsheets, whatever software the company uses, and do zoom calls.

I don't need anything over the top extravagant. But I don't want to shoot myself in the foot either.

Looking for recommendations please

Hello!

I am currently a P & C agent based in IL and have been in insurance for 10 years working captive and for a broker as staff. I have had the itch to move forward with my own independent agency as I love the broker world. I do have multiple sources for referrals and can generate a good amount of premium, though I always think VERY conservatively of my potential for months.

My question is mostly when it comes to venturing out on your own. There seems to be a lot of smoke and mirrors when trying to gain information to proceed. I currently work with a brokerage and have experience with multiple carriers. I have searched online for a “guide” or blueprint on how to actually start independent agencies. I don’t know how I would get appointed, how aggregates/clusters or any of that works.

My end goal would be to have the ability to write my own business while also owning my book. Not against a commission split so long as ownership stays with me.

I have a business plan in place and feel ready for this venture. Any information would be so greatly appreciated.

i failed both life & health insurance exams on friday. im studying all over again. what part of xcel solutions should i be focused on to ensure i pass the exams the next time i test? thank you

edit: i'm from massachusetts btw

For those of you who use inbound call leads, what vendor do you use and what has your experience using inbound leads been like? It seems like there are a plethora of different vendors to choose from.

The current state of producing for State Farm is just dreadful, is anyone else in the same boat?

All PL insurance has become is a price war, seems as if no one is actually concerned about being protected.

The lead sources has been very unreliable and volatile.

I produce for a presidents club office in Ohio - and the past two months have just sucked. Looking to make a switch because I want to sell to people that have money and aren’t concerned about price. I work remotely and have been doing this for two years. I need to continue to work remotely. Can anyone help me? I’ve been selling about 5-8 financial services and 50 PNC policies monthly - even with barely getting anyone on the phones anymore. Personal lines Industry just seems like its really on the decline

I've been with American Income Life for roughly two months and have produced about $2000.00 ALP so far. I came into this genuinely wanting to give the opportunity a fair shot. I got licensed, learned the presentation and application process, made the calls, wrote business, and have proven to myself that I can actually sell insurance.

At this point, though, I'm seriously considering leaving. The amount of prospecting, no-shows, inconsistent income, chargeback exposure, and overall time required hasn't produced the ROI I need. I'm looking at going back to a W-2 position and would rather make a clean exit than continue writing business when I'm already questioning whether staying makes financial sense. I mean, 3 weeks with no pay has been brutal on my family.

I've been reading through this subreddit and have seen posts from people who left at all different levels, including people who made it all the way to MGA. I'd especially like to hear from people who actually produced business before leaving.

My main questions are:

• What is the cleanest way to resign from AIL?
• Is there anything you wish you had done before submitting your resignation?
• What happened with outstanding chargebacks after you left?
• What happens to renewals/vesting on business you've already written?
• Did you have any issues getting released or contracted with another insurance company afterward?
• Is there anything in the agent contract that people commonly overlook when leaving?
• Should I stop writing new business before formally resigning?
• How long after leaving did chargebacks continue showing up?
• For anyone who left after reaching SA/GA/MGA or producing significant ALP, was there anything different about your exit?
• Is there anything else you think an agent should know before walking away?

I'm not looking to trash AIL or argue about whether the opportunity works. I know some people do very well there. I'm just looking at my own numbers and circumstances and thinking a predictable W-2 income makes more sense for me right now.

I'd appreciate hearing from people who have actually gone through the exit process, especially what you would do differently knowing what you know now.

Hello everybody. I post here somewhat frequently but recently I got a job with a big captive agency here in the Carolinas and having encountered some real issues and I’m facing termination if I do not hit goals by the end of this month.

That being said, I need four enrollments by the end of August. I know this is pretty much a pipe dream, but I am working hard locally. The thing that I am considering is buying leads online. The issue is everyone says it’s a crapshoot and I’m not quite sure what to do.i was thinking to buy some local dsnp leads based on zip/ region, but everyone says they’re a waste of money.

I don’t wanna lose my job obviously, but I don’t wanna spend money that I can use to live off of on poor leads if they’re not gonna be reasonable quality or convert to anything.

Any thoughts?

Brand new agent recruited by AIL. What can I expect? Is there real opportunity? Anyone have experience with both working for or with them?

Hi all! I just got P and C licensed and I’ve applied to multiple jobs that have turned me down including Allstate and Liberty Mutual. I understand I don’t have any experience in the industry yet but how long does it normally take to find a first job and would I have a better chance if I got my Life and Health license as well? Right now, I’ve had a couple interviews for commission based pay only. Has anyone else started out that way and were you successful or should I wait until a salary and commission based place gives me a chance? I don’t have any money saved up to quit my current job esp if I’ll have to buy my own leads. Any advice would be appreciated. I just want to figure out where to go from here. Thanks!

CO based commercial producer. My goal is 50k per month currently in written premium (600k annually) written about 530k ytd in small/middle market accounts. Have cracked 100k a few months this year. I just hit my 3 year mark at the agency and book size is about 1.4m

We get 40% new biz (+5% for hitting month goal, +2.5% for quarter goal hit) 20% renewals until validation and 35% renewals after validation, with new biz comp staying the same.

Just wondered what other producers in this space are bringing in monthly/annually!

Hey all just received an offer for farmers insurance retention specialist was wondering does anyone have insight the offer was beautiful

Throwaway, cause why not.

I have been a remote SF agent team member for a few years now, and with the recent changes SF has made, my boss is planning to close up and open a Farmers agency this next year.

Farmers offers higher commission %, and we would have access to have higher overall premiums in new States. On the contrary, I have read that Farmers premiums are much higher which could make it harder to write new business.

I know most here will recommend to go independent. I myself am not in the financial situation to do so. I enjoy working with my boss and even suggested it to him - I think the overhead capital/direct management is too much.

I am wondering if anybody else has made this specific change, or if you know of any major differences between the two companies and what working with them looks like. Any advice appreciated!

I have an odd question for this group but I know someone that is having their life insurance commission withheld due to being on a disciplinary action for some operations issues in Tennessee. I could understand them being able to withhold bonuses in that instance but are commissions able to be withheld from sales you complete? This person is a salaried employee too if that helps.

Got recently hired for a bilingual remote Medicare sales position 20$/hr + commission and I’m starting this Monday, from what I heard commission is very low, people getting fired after OEP AEP but at least they pay for your AHIP, but there’s barely anything about commission online.

I just want to really know if it’s even possible to make 1k per week after taxes here

Hi! I am a service rep with an SF agent and now I am looking at being a frontline rep for SF through ARS. They emailed me a non compete to sign and I found it super weird. The frontline rep job does not even pay that much so I think it's just super shady and honestly unethical for a huge company like that to ask someone so low on the totem pole to sign something so restricting. I was wondering if anyone else has has worked through ARS and what they think of the non-compete. I know non-competes are being voided in a lot of states, but it still just seems risky. please share your opinions!

curious about this from people who have been in the industry for a long time.

i noticed how much more technology is involved now compared with what i remember hearing about insurance years ago. there are more systems, more digital communication, and clients seem to expect faster responses too.

some of it definitely makes things easier, but sometimes it feels like there are just more systems to keep track of lol.

for those who have been around for 10+ years, whats changed the most in your experience? do you think the job is easier now, or just different?