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 Posted: Fri Jun 24, 2011 3:19 am Post subject: State farm vs allstate |
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I have worked for both and their both good comapnies. 10 yrs with allstate and 12 with state farm in management, claims and as an agent for both. state farm does pay claims a little better
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anonymous123
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| Posted: Fri Jun 24, 2011 3:25 am Post subject: |
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I find that the people that complain about an insurance company usually are the ones with the problem. Can't tell you how many times people try to profit from their insurance and are mad when they can't. Insurance is intended to restore you back to where you were prior to your loss not make you better. Or the ones that complain because they got canceled after they filed 5 claims in a year. YES you will get canceled. 1st insurance is nit a non profit organization. It's a business like any other. 2nd your insurance is not a maintenance policy. Take ownership of your life and take care of your stuff
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| Posted: Wed Jul 06, 2011 5:03 am Post subject: which one cheaper |
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which one cheaper in auto and or commercial and resident home
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vaid
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| Posted: Mon Jul 25, 2011 9:47 pm Post subject: Keep updating! |
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Great website ! ! Bookmarked !
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sportingbetuk
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| Posted: Sat Aug 06, 2011 6:44 am Post subject: |
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Run from Allstate, in particular if opening a "scratch" ageny. Virtually everyone fails and nobody cares. Check out NAPAA (Allstate agent group) and "running clock" blog. It's all really bad.
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deaksta
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| Posted: Mon Aug 29, 2011 6:41 am Post subject: repair/replacement amounts of claims vs the 2 companies |
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are the 2 companies comparable w/claims amounts
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kiaira
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| Posted: Thu Sep 22, 2011 7:22 am Post subject: Need to know the count of auto insurance Agents |
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Hi Sil,
How are you?
Can you please let me know the answers for following questions?
1) I would like to know the Number of Auto Insurance Independent agents working in USA?
2) I would also like to know the Number of Auto Insurance captive agents working in USA?
Thanks in advance.
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Jitendra
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| Posted: Thu Sep 22, 2011 10:43 am Post subject: |
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You will have to visit each state's Dept of Insurance and compile the statistics on your own. There is no single source for this information. The numbers change daily.
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MaxHerr
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| Posted: Wed Nov 02, 2011 11:43 pm Post subject: Primerica Insurance Company Agent :-) |
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Hi everyone, I've learned a lot about the insurance business over the last 11/2. I'm a Life Insurance Agent with Primerica. The reason my family and I got covered through them is because they believe in TERM INSURANCE pays it's claims 100% of time and the onlt insurance company who pays out on suicides( hate to think of such a sad tragidy) but only after 2yrs....trust me TERM is the best insurance...don't beleive me just listen to Suzy Orman, Donald Trump and any Estate Attorny. Cash Value it has as a savings attached (sounds appealing &looks great but isn't) it's actually designed to only pay out the greater of the two(LI or Saving). Trust me it happened to my beautiful grandmother....our family and church helped us pay for her funeral because her cash value policy only paid out $500 out of her policy that she'd religiously paid into for 20 years. Hope you all atleast have yourselves and families protected in TERM LIFE INSURANCE...even if it's not with my company Primerica. I have, am, and will always care about people and their loved ones before making a profit. Hope you guys find this helpful  feel free to email me if you have any questions regarding how insurance works@ "a-towngodivamodel@hotmail.com"
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Licenced PRI Rep
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| Posted: Wed Nov 02, 2011 11:52 pm Post subject: |
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Licenced PRI Rep... seriously? This??
| Quote: | | The reason my family and I got covered through them is because they believe in TERM INSURANCE pays it's claims 100% of time and the onlt insurance company who pays out on suicides( hate to think of such a sad tragidy) but only after 2yrs....trust me TERM is the best insurance...don't beleive me just listen to Suzy Orman, Donald Trump and any Estate Attorny. Cash Value it has as a savings attached (sounds appealing &looks great but isn't) it's actually designed to only pay out the greater of the two(LI or Saving). Trust me it happened to my beautiful grandmother....our family and church helped us pay for her funeral because her cash value policy only paid out $500 out of her policy that she'd religiously paid into for 20 years. |
First off, your statement of "term insurance pays it's [sic] claims 100% of time" and "the onlt [sic] company who pays out on suicides."
NO insurance company pays its claims "100% of the time." Utter BS- there are ALWAYS exclusions and conditions that don't allow payment under the policy. As far as suicide exclusions go, it has NOTHING to do with Primerica... it has EVERYTHING to do with state law. Every state has statutory language (the laws) that state that suicide is only "excludable" for the first year or two that the policy is in force. Then they'll have to pay for suicide, whether sane or not.
Why do you have such an issue with permanent life insurance? Is it because you drank the Primerica Cool-Aid mantra of "buy term and invest the difference?" Just curious.
I've been licensed for waaaaaay more than a year and a half, as you have. I think that term is great for certain purposes and permanent is great for certain purposes as well.
Soooooo, do you have any actual factual statements to counter my post? Just curious again...
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InsTeacher
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| Posted: Thu Nov 03, 2011 8:02 am Post subject: |
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| Quote: | | pays it's claims 100% of time |
Neither Primerica nor any other insurance company pays 100% of the claims that come in the front door. And all insurance companies pay for death by suicide as required by state law (after one or two years of policy existence, depending on the state).
As a matter of fact, there is at least one legal case that I am aware of involving Primerica (in Illinois from the late-1990s) over non-payment of a death claim. A Primerica agent submitted an application for a husband and wife's insurance policy. Primerica's underwriter decided the company needed a blood and urine test on the wife, and the wife refused to schedule the test, saying she would consent to the blood test AFTER the family returned from vacation in Mexico in a few weeks.
Unfortunately, she died as the result of a vehicle collision while on vacation in Mexico. The husband filed a death claim, which was denied. The court dismissed the suit on motion for "summary judgment" by Primerica's lawyer on the basis that the Primerica conditional receipt stated (in part) that coverage would only be in effect if the company received all test results it required. Since they did not receive the required blood test result, they were not obligated to pay a claim, and the courts agreed. [MIJES v. PRIMERICA LIFE INSURANCE CO, December 6, 2000, Illinois Appellate Court Case No. 1-00-0229.]
So, as InsTeacher has asked, if you have better information than this, please post it. Until then, anecdotal information is welcome, but not authoritative.
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MaxHerr
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| Posted: Sat Dec 24, 2011 6:50 am Post subject: I am a 5 yr State Farm Agent |
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I have a 3 million dollar book and after 5 years I can say, stay away from the AA05 contract. The semi variable comp is a killer. I do a great job of growing auto but my fire was off this year and financial services were very slow. I went from 10 to 8% commission, you can do the math on 3 million.
I do think SF is the best bar none at paying claims and taking care of their policy holders. This is very true in my area. There are other good and some other very good companies but we are always up there with the best, bar none.
I left a corporate job making very good money but in a dying industry so my decision was the best for me. If you are in a good career, I would think twice. Go talk to 3 or 4 AA05 contract agents that have been out there AT LEAST 4 years. This has given them the time to see how their pay will fluctuate after the first couple lucrative years. Good luck! (and dont listen to the idiot on here that cant complete a comprehensive thought like the idiot from Texas). I have never in 5 years had a glass complaint. They are probably upset they could not qualify to be on the list of preferred vendors.
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AA05 Hater
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| Posted: Fri Jan 27, 2012 8:41 am Post subject: State Farm vs AllState |
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| If I were PC agent I would sell one of the 2- State Farm or Farm Bearu-.. State Farm is a mutual company(policy owners are holders of company) Allstate is a stock company, which almost always equals higher prices to push stock values for shareholders.. And from a claims standpoint state farm and farm bearu pay.. with the exception of the overeager adjuster trying to keep losses down(brown nosing) |
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sadlerins
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