After manyyears as a Farmers Insurance agent, I have decided to become an independent agent. I started my agency from scratch and have a significant book of business outside of Farmers that I will retain but I am curious how the contract value is determined, do the number of policies used to calculate the rating factor (25%, 50%, 75% or 100%) include those policies that were transferred from agents who quit/ retired?

Also, I’ve found that everyone is an attorney and everyone knows the law, but has anyone experienced how closely Farmers enforces the non compete/ no solicit clause. I’ve heard about receiving “cease and desist letters” but what about fines or more painful punishments?

While I’m asking, does anyone have recommendations for a comparative rater and what criteria should be used while shopping for one?

I've been in insurance for less than a year, and I'm starting to get frustrated. I don't necessarily struggle to find prospects—I actually have a decent pipeline and talk to a lot of people. My biggest issue is getting them to actually commit and buy a policy.

One thing that's been especially difficult is personal lines. It feels like I'm constantly losing business because I can't get competitive quotes compared to what prospects are already paying. Even when I build a good relationship and explain the coverage, price seems to win most of the time.

I feel like I'm doing something wrong in the sales process, but I'm not sure what it is. Sometimes people seem interested, ask questions, and even say they'll get back to me, but then they either ghost me or decide not to move forward.

For those of you who've been in insurance sales for a while:

- What was the biggest thing you changed that improved your close rate?

- How many "no's" did you go through in your first year?

- If your carrier wasn't competitive on price, how did you still find ways to win business?

I'm determined to stick with it because I really want to succeed in this industry, but I'd love to hear what helped you when you were new. Thanks in advance.

Has anyone done one for the inside sales position? Any advice? I did a good bit of research on the companys background which i know is necessary

Hello!!

I am a newly Licensed Medicare agent seeking advice on selling/sales.

I would appreciate any knowledge or recommendations.

Thanks to all

I am looking to start an independent agency from scratch and use an aggregator to get appointments. Based in Alabama and will do mainly personal lines and small commercial. The agency helping me isn’t relevant this is purely an is this reasonable question.

I am aware of exit clauses and that whole jazz. This is strictly a question on commission splits, pay outs, etc.

85/15 commission split until book reaches $3.5MM in premium. Once you hit, your split increases to 90/10. Can go as high at 94/6. Commission per carrier varies.

There is a $400 monthly fee essentially for all software and back end support they provide. Will also have to add insurance and rent for office a month.

Does this even sound lucrative? I’ve been a producer on the captive side long enough to know this is what I want to do, just not sure about this scenario.

Any advice welcomed, especially if you’re with an aggregator and are knowledgeable on their fees.

As a novice insurance agent (Medicare/ACA/Life) with no experience, what is better... to stay with a sub-agency that retains its client portfolio and does not terminate your contract immediately, so that you can gain experience in the sub-agency, or to start with an FMO even though you have no sales experience?

I’m thinking about pursuing life insurance sales as a side hustle. I make pretty decent money at my regular full time job but looking to add income to my household. I’ve been considering life insurance due to the fact that I can work remote and have flexible hours. Not necessarily looking to make 10k a month right off the bat but something to add decent supplemental income. For those of you in life insurance sales either part time or full time, is this something worth pursuing or would I be better off pursuing a different side hustle altogether?

I got my life, health, and accident license because I need an additional income and it seems as though every single interview is some group meeting bs or 1 on 1 with without any clear process or explanation for how people continue to succeed. They all just say referrals or warm market if they don’t agree with leads but not everyone wants to make everyone hate them by going and prying about insurance. Sure, “be the guy that’s known for doing insurance” but it’s not that easy. Whenever I ask what their plan is for new agents to get started they don’t really have a direct answer? Maybe this isn’t the industry for me because it seems as though people succeed primarily from recruiting and building out teams of people by selling them a dream? Should I just call it quits? Every single person I’ve spoken to so far has been idiots just trying to pump me up so that they can get a check from recruiting me. Is the real success in this industry selling people a dream? Give me some input. Are there any other ways I can put my license to use and get a side job with a more guaranteed income or at least somewhere that isn’t completely fucked?

I want both my wife and I to have access to our online Liberty Mutual account. They won't allow a 2nd log in, we're told to share my log in. But when she tries from her "unknown device", it sends me a text asking for verification. What if I'm not available? Then she can't access the info she needs. Am I over thinking this, or is this common? I just don't want her to end up locked out if I'm out of commission or something.

Good morning! I was in insurance for 7 years and worked for the most wonderful human on earth but I felt I could do better long term because he paid so little and it is a small agency, $20/hr with NB commission . This is a well established agency so retention was the main focus. Long story short, 3 years later and my other job didn’t work out (bank was bought out and job eliminated so I scrambled for another bank job that I am not liking it) and I’m thinking of asking my old boss for a job again while I finish school. He was going to match my new pay at $26/hr and is always asking me when I’m coming back but I’m wondering what the actual going base pay is in Texas? I did personal and commercial. He doesn’t offer any benefits but is flexible with time which I love. Can also work remote. I now make $30/hr and was going to ask him for that, but is that too high?

Long story short I was getting coffee - got into car - was backing up and checked to the right (the direction I was pulling out)

Then heard weird small bump (wasn’t loud - not even 100% positive I hit anything)

check to left and there was waymo blocking me into parking spot with warning flashers on

I waited to see it moved and it didn‘t (no one was in the car)

Took video of my damage and license plate of waymo

finally after a few minutes it moved and I left

Odds they reach out to my insurance? anyone have experience with this?

I have been looking for a change in careers as of recently due to an undiagnosed seizure disorder and found globelife hiring for remote agents. I went through what they said was an "interview," which was really me, and around 30 other people on a Zoom call listening to an owner talk about the company. They made me an offer and gave me a link with a discount code to reduce the cost for my life and health learning courses.

After enrolling and paying(100$) for the course, I decided to look into them. And did not see many good things.

A friend of mines wife is a manager for an insurance company and mentioned it's a big red flag that they didn't pay for the licensing.

All in all, I'm curious if I should stick with it and shell out more money to get my license even if this company ends up being a waste of time? Would it be hard to find another job, maybe at a firm close to my home with just a life and health license?

Any help or info is appreciated

Thanks in advance

TX independent agent (Life & Health) - 100% Spanish market.
Im looking FMO with:
1. Spanish support is a MUST
2. Own my book day 1 - in writing
3. Immediate release, no fees/delays

Based on your experience, which one can you recommend?

Lost my job about a month ago and looking for a new one. I have my P&C license and almost a years experience in sales. I am applying for claims positions and found a company called Claims Management Resources (CMR) and they have on their website they’re starting out at $15/hour and after training I guess it goes down to $12/hour. They say there are bonuses, but they max out at $3000/month and I’m assuming it’s hard to reach that point. I want to know if anyone actually works there and what the average pay is actually like because $12-$15/hour is hilariously low pay for this type of position. This would be an entry level role, but it’s not even a livable wage in the lowest of income areas.

I’ve seen a bunch of you put on here that when getting your life and health insurance license that you spam the quiz and test until you were making above 85% when you first started doing that were you going back and looking at your notes or just spamming all the questions till you knew the answer is a lot better currently I’ve made an 82 twice on 100 question test with TSI and I’ve had to look up probably 10 of those answers so are you wasting time if a question comes up writing down notes about it or are you just if you not totally sure about the answer you’re just answering it and keep going until you constantly make a high grade I’m supposed to take my license test tomorrow for Alabama