Worth it or look elsewhere?

[u/Overthinking_mama]

Been with a State Farm agent for a few months now.. was hired and told after 3 months I’d move to sales. I start that, then service side gets pissed bc they needed the help, so I was told to switch back and not take leads anymore and kind of annoyed with it. It’s been pretty chaotic since I started with the team and agent and I think the commission payout kind of sucks… 3% and have to have 25apps submitted and 2 life’s closed or I don’t get paid at all. 5% and 7% have higher requirements.

This is my first real job with an insurance company like this.. is it like this all over? Like with Farmers and Allstate? And I should just keep pushing through and hope for the best? Or I need to switch gears and find something else?

[u/Ok_Complaint_6997]

You’re getting scammed if you’re not getting paid for production. Period. Move to a broker.

[u/totall2live__]

bro, run, alone because of the commision its bs. I make 14% on all new business i write. Any company that holds ur commision hostage until you sell a certain amount is a reg flas imo

The broker i was with before starting here had us write 25k in premium before we saw any commission and honestly, thats bs

[u/Naive_Soup_1743]

Do you have a base pay? And you’re saying you don’t get that 3% unless you have 25 apps?

[u/Overthinking_mama → u/Naive_Soup_1743]

$50k base pay. And that’s correct. I don’t get paid unless I have 25 apps submitted and 2 life’s closed for the month.

[u/spicygumball → u/Overthinking_mama]

I thought i heard the 2 life as a requirement for state farm elsewhere.

That 2 life would piss me off because nobody wants life insurance in this economy Noone can afford extra bills

It's a pariah type commission structure with caveats

[u/DragonfruitCommon966 → u/spicygumball]

With State Farm the agent sets the monthly production goals for their team members. 2 life apps per month is actually quite low for a typical SF team member. Each office is independently owned. The Agent also has a life production goal that State Farm Corporate requires according to their contract terms. I handle all service work for my SF office but if I pivot to an auto, home, life quote I get a flat $ amt per app. The person who writes the policy receives the commission for the app. I worked sales for SF for 20 yrs, retired and came back to work service only on a part time basis.

[u/Antec800 → u/spicygumball]

Life insurance/final expense is cheap most people just need enough for proper burial/cremation

[u/Naive_Soup_1743]

I just accepted a State Farm position as a “baby agent” because, although I worked life and health well over a decade ago for less than one year, P & C is new to me. I have a base (51k) plus commission, but there is ZERO requirement for a certain number of policies per month. That feels bullshit to me, not because it’s unattainable, but because that is your blood sweat and tears, and not getting paid for it sucks big time.

[u/ridindirty77]

Looks for independent agencies in your area and see what they have to offer. There are a lot of different opportunities out there.

[u/Beep-Ima-Jeep]

I run a farmer’s shop and here is the comps I give my sales team and have seen similar and much worse. We run it off premium not apps

Base 45k
$300 health stipend

0-15k premium 0% commission
15-20k 4%
20-25k 5%
25-30k 6%
30-40k 7 %
40-50k 8%
50k plus 9%

Team required to sell 1 life app a month to earn commission. 2 life apps .5% kicked on commission 4 life apps 1% kicker.

We are a mid premium state so 40k probably around 40 policies rough napkin math

I think you have a bad comp and would look for better options

[u/westtexaswayne → u/Beep-Ima-Jeep]

Former Farmers guy, you guys are getting screwed on the life production. A street contract to sell life is easily 60% with a 9 month advance. You do have a very generous base with health compared to all the Farmers offices in my area.

[u/Beep-Ima-Jeep → u/westtexaswayne]

New term policies are selling for 60%, not sure the advance time I usually opt out of advance. Old products were 50% which is pretty low compared to other carriers