Colli Real Estate

Working as an independant insurance agent?

I am 44 years old with 25 years of sales experience…currently manage a used car dealership. I would like to spend more time with my sons and am considering a career change. I know that insurance agents make commissions on sales, and earn monthly residuals thereafter. Can anyone direct me towards a company that offers a “real” opportunity to an experienced salesperson. I do not have my license, but have checked out some online “pre-licensing” sights….and it doesn’t seem to be any trouble to quickly obtain. I may be able to retain my affiliation with my employer and have access to a database of roughly 2500 customers…each of whom have given us 5 family friends/relatives for references. I have found one opportunity with the National Motor Club which does not require licensing. I am particularly interested in mortgage life/layoff protection….and final expense plans.

OK. If you want a real answer, shoot me an email:

roland_reardon@yahoo.com

I own an independent agency in the Atlanta area (check out my answers to some other questions, if you like).

I started it from the get-go: cold.

In December it will be 10 years old.

I have been in the business 14 years total.

Always as an agent (producer) always property and casualty, always independent agency system.

I’m not trying to flim-flam you by getting you to send me an email.

I could write about this for days on here.

The best way to do it would be for me to explain some stuff, you ask questions – back and forth.

Agency salespeople don’t know what goes on behind the curtain, even if you can talk to one.

Right out of the gate:

Life commissions are big first year and go to almost zero after that.

P & C commissions are almost always flat/level from year to year.

If you start a life agency, it has no ‘equity’ – you would not be building a ‘snowball’ – with 70% the first year and 3 % for succeeding years, your ‘residuals’ as you call them, are zip in the life business.

Anyway, it’s up to you.

I’ll tell you the real deal.

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