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 Posted: Mon Jun 15, 2009 8:47 am Post subject: |
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| Quote: | The $30k line of credit can be used for anything, but it is up to the agent to manage it wisely.
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Do you know any module which shows how such line of credit could be managed effectively? |
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steven
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Joined: 02 Feb 2006
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| Posted: Wed Jun 17, 2009 2:45 am Post subject: |
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Steven,
I'm not sure what you mean by "module", but essentially it is like a HELOC or credit card that you take cash advances from. But the rate is definately more favorable. So you can borrow from it, and pay it back as you need. Idealy you may use it to pay expenses that you don't have the cash to cover(paychecks, rent, utilities...). Then you would pay it off when you get your commission check. So you would have the line open if you ever need the access to cash.
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anon
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| Posted: Wed Jun 17, 2009 9:41 am Post subject: |
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Anon,
| Quote: | | As far as out of pocket expenses, I know agents that had no or very minimal out of pocket, and I know agents that put alot of money into the office and marketing. |
Okay, I’m kind of curious to find out if the agents who take care in spending on marketing would attain more success than ones who wouldn’t. |
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simon
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| Posted: Mon Aug 17, 2009 12:56 pm Post subject: allstate and state farm |
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| Allstate and state farm are both big companies. It is very hard to compare them and choose the one best. But i think state farm is good for me. |
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garry4
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Joined: 17 Aug 2009
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| Posted: Tue Aug 18, 2009 10:21 am Post subject: |
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| Quote: | | But i think state farm is good for me. |
Now, would you tell us your reasons for picking State Farm?
A carrier with a smooth settlement process would always be my first choice. I'd always try to go through a carrier's settlement history before enrolling with them.
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anonymous00
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| Posted: Sat Sep 19, 2009 1:27 am Post subject: Answer |
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I think they both have good insurance rates, but Statefarm will pay quicker for an accident/bodily injury.  |
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GEORGETTE87
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| Posted: Wed Nov 04, 2009 2:34 pm Post subject: INDEPENDENT INS AGENCY |
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| When you say independent, please explain. How do you go about opening your own agency? |
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tetheredge
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