2006-06-20 10:04:22 · 9 answers · asked by Larry W 1 in Business & Finance ➔ Insurance
As a fundraiser, you are usually working with people doing fun things. In life insurance sales, on the other hand, you are dealing with death. Not a nice topic no matter how you look at it.
Besides, in life insurance, you earn the most money on the product that might not necessarily be the best value for the consumer. So guess which one they want you to sell. And no matter what they call it, it's life insurance, not financial planning.
Go with fundraising. It will feel better when you wake up in the morning.
2006-06-25 12:15:31 · answer #1 · answered by C R 3 · 0⤊ 0⤋
I can't say anything one way or the other about being a fundraiser, I have no idea what the entails, however, I can comment about the life insurance sales. If you are going to be selling only life insurance, the I would suggest you also get another full time job. Trying to make a living on Life sales only is an very hard road. Most life companies that I know of do pay pretty well on sales (anywhere from 100%-200% of the annual premium plus renewal), however, it's getting those sales that are difficult. Are you going to have to generate you're own leads? Will the company provide leads, and if so, do they also pay for those leads? How do they get the leads? These are important things you need to find out if you're considering it. There are alot of companies that sell leads that they get by doing vague surveys, or by offering free items if they will only answer a few questions. This usually results in people unknowingly putting themselves on a call-list for companies that sell their names/numbers. Most people are less than eager to talk about thier own mortality, and it seems that the only people that are really interested in obtaining life insurance are those that can't qualify for it due to age or health reasons. All that being said, there is a market out there for life insurance, and there is some very good money to be made doing it. But it takes a very specific kind of person who is able to make a successful living selling life only. Good luck.
2006-06-21 04:24:17 · answer #2 · answered by Doc H 2 · 0⤊ 0⤋
Even though the insurance business has a bad rep, there is more opportunity. Most companies have books of clients that need their policies serviced. And by making the proper suggestions to the client (in the clients best needs, not yours) you can really develop a relationship with many potential clients.
Also, there is a huge amount of baby boomers retiring every year, these folks need to make sure their assets are protected and there are multiple ways of doing that.
Even though life insurance has a bad rep, you can do alot of good for people and have a sucessful career. Yes there are bad agents there, but not all are bad. It is a tough job, and it is sales, but if you can get over what others say and your own misconceptions you can really begin to help people, good luck
2006-06-20 13:55:25 · answer #3 · answered by brad h 1 · 0⤊ 0⤋
Definitely go with the fundraising. You'll meet lots of cool poeple and raise money for worthy (I hope) causes. The act of helping someone like that would make me very happy. I tried to get into fundraising once, but they usually want a lot of experience and I wasn't willing to work without being paid at this stage in my life.
The comment about running out of friends and relatives to sell to in life insurance is SOOOOO RIGHT. Life insurance only SUCKS. Don't do it. If you want to go into insurance, work for a company where P&C is the bulk of the business. Life insurance companies want to sell you on the idea of the job, when it really is not the case- turnover is high, and managers are usually on salary so they have no reason to train you and develop you. Definitely don't go with companies like New York Life or Prudential. Also, in order to succeed in life insurance sales, you need to know at least 10 people off the bat who have a large amount of assets, who will then refer you to other people who have assets!
2006-06-20 13:22:28 · answer #4 · answered by Anonymous · 0⤊ 0⤋
Working as a fundraiser is more social and creative, but selling life insurance can be more lucrative (for those who are good at it).
2006-06-20 10:07:46 · answer #5 · answered by Jetgirly 6 · 0⤊ 0⤋
Life insurance is a tough sell my friend. They have a huge turnover which usually happens when they have run out of friends and relatives to sell to.
2006-06-20 10:13:37 · answer #6 · answered by Irish 7 · 0⤊ 0⤋
I would say Life Insurance. When I started, I dread becoming an agent, but once you get used to it, you'll have the fun.
2006-06-21 03:08:56 · answer #7 · answered by z_butter 2 · 0⤊ 0⤋
Sorry, I have nothing insightful regarding this question
2016-08-08 00:57:26 · answer #8 · answered by Anonymous · 0⤊ 0⤋
that's a tricky question
2016-08-23 00:13:15 · answer #9 · answered by ? 4 · 0⤊ 0⤋