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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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| 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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| 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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| Posted: Thu Dec 31, 2009 1:58 am Post subject: STATE FARM |
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As an employee of statefarm all I have to say is State Farm is the BEST AllState and all others BLOW!!!!!!!!!!
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CRISTIE
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| Posted: Wed Feb 10, 2010 7:08 pm Post subject: What 60 million |
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"State Farm is known to employ more than 60 million individuals dedicated to provide serving millions and providing them with insurance solutions." That should solve our employment situation in the USA
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RailRoadingAmericaDotCom
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| Posted: Thu Feb 11, 2010 12:47 am Post subject: |
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| Quote: | | "State Farm is known to employ more than 60 million individuals dedicated to provide serving millions and providing them with insurance solutions." |
State Farm doesn't EMPLOY more than 60 million individuals, they INSURE more than 60 million individuals. That kind of makes a bit of a difference, now doesn't it?
Where did you get that quote?
InsTeacher 
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InsTeacher
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| Posted: Fri Feb 19, 2010 4:27 pm Post subject: |
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The only way to really compare the two would be have coverage from both companies. Compare apples to apples. Frankly sometimes the only way to decide who to go with who saves you the most money.
(link removed by moderator lori--Shane, welcome to the community...please read and adher to our TOU, after you have posted the required number of 'qualifying' posts you can add your link to your SIGNATURE...but NEVER EVER in a post..any questions feel free to contact me directly) |
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Shane_Hudson
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| Posted: Thu Feb 25, 2010 6:35 am Post subject: State Farm |
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I went to an interview with State Farm today. Doesn't seem like they are all up front with a lot of to the things. I slowly found out that being an Independent agent is not as great as they make it sound. If you calculate your monthly cost: Rent=$2,500, Staff = $2,000/mo x2=$4000 + commission, Benefits=$500, Marketing cost: $1000, Utilities, E&O insurance, etc. You are looking at at lease $8000/mo in expense. The whole deal of SF giving you $11,000 a month for New Market, that's IF you meet their minimum production requirement (which they didn't tell me of course.) Otherwise you better have a lot of money to back you up for a year. So you better think long and hard before jumping in.
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sexymama
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| Posted: Thu Feb 25, 2010 6:37 am Post subject: State Farm |
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* i meant State Farm Agent, not Independent agent
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sexymama
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