have the best compensation plans?
2007-02-09 13:38:17 · 3 answers · asked by Anonymous in Business & Finance ➔ Insurance
The initial issue is not the company, but the nature of your relationship with that company. If you are in need of steady initial income and/or benefits, you will want to be a career agent with a sponsoring company. You will receive a benefit package, normally a 401(k), training, administrative support, and income subsidies while you're developing your business. In exchange for this compensation package, your commissions will be reduced accordingly and you will have production quotas.
The other option is to become a broker. You have much greater flexibility, and commissions that are 50-100% higher than career agents, but normally no benefits and no support.
In either case, do NOT contract with a company that requires you to sell its products exclusively. You owe it to your clients to be objective and place their interests first. Having other companies and products to choose from also makes you more competitive and more credible.
2007-02-10 17:52:46 · answer #1 · answered by Rob D 5 · 0⤊ 1⤋
find a good brokerage firm and work for several different companies. you need more than one anyway to beat the competition.
2007-02-09 16:37:44 · answer #2 · answered by xbox360geek 1 · 0⤊ 0⤋
AIG HAS AN AWESOME CONTRACT
2007-02-10 17:18:54 · answer #3 · answered by EINSTEIN 3 · 0⤊ 0⤋