by Dufus » Wed Nov 12, 2008 01:17 am
Looking for the pro's and Con's to : Captive v/s Non-Captive , Pyramid Co (mlm type) v/s Non-pyramid, Independant v/s Salary, What are you? Do you Like It? if not what would you do?
Thanks
SBC
Thanks
SBC
Posted: Wed Nov 12, 2008 07:41 am Post Subject:
Some of the newbies prefer to start their career as captive agent since they receive some support form the hiring insurance company to start-off with. Also, this assures them a fixed earning every year. But this certainly doesn't stop you from beginning a career as an independent agent. The differences between the captive and independent agent may be that you have to generate your own business and receive no or less support from the insurance companies, but have to produce enough business to retain the agency status.
You may find some more great discussions on Captive vs Independent agents on this board.
Thanks,
Rupert
Posted: Wed Nov 12, 2008 08:17 am Post Subject:
Do you Like It?
I'm sure that you'll get a split opinion over this issue. Some agents may voice their opinion in favor of being captive, whereas, the others will vote for independent agencies. IMO independent agencies give freedom to the agents what they can't enjoy being captive. Though the earning of the independent agents is limited to the commission that they receive by selling policies, they can actually flex it to a great degree, and therefore, may earn more than their captive counterparts. That is why agents wish to go independent at various stages of their career.
~Jeremy
Posted: Wed Nov 12, 2008 08:08 pm Post Subject:
Hey Dufus (that is too funny),
Go into the Life Insurance Guides section and check out my article on captive vs non-captive agents. I hope it's helpful.
Do yourself a huge favor. STAY AWAY FROM PRIMERICA, AMERICAN or NATIONAL INCOME LIFE and / or the AMERICO LIFE INSURANCE COMPANIES. Trust me; those are not places you want to be.
Go to work for someone like New York Life, MetLife, Mass Mutual, or someone like that. Get a guaranteed salary for a year or two and learn the industry. And don't be brainwashed into thinking everyone needs term insurance and only you can help them.
Message me if you have any other questions.
Add your comment