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Can anyone tell me about the career financing plan with MoO? Does it have to be paid back at some point. Also, I would like ...


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Old 08-24-2009, 10:02 PM   #1
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Michael Allevato on Career Financing Plan with Mutual of Omaha - Insurance Agent Forum
 
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Can anyone tell me about the career financing plan with MoO? Does it have to be paid back at some point. Also, I would like to know about the training. Thanks
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Old 10-08-2009, 06:24 AM   #2
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No it doesn't have to be paid back. Your training will consist of reading a stack of books at home and then going over them with your manager. Your training will also consist of writing down the name of every person that you know and trying to set up appointments with them to "show them what you do at Mutual of Omaha."
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Old 10-08-2009, 08:33 AM   #3
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Originally Posted by AtlantaLife&Health View Post
No it doesn't have to be paid back. Your training will consist of reading a stack of books at home and then going over them with your manager. Your training will also consist of writing down the name of every person that you know and trying to set up appointments with them to "show them what you do at Mutual of Omaha."
I agree and disagree at the same time. Yes, you don't have to pay back the financing plan, it's a bonus. You also get a production bonus on top of financing.

I disagree with training comment. Product knowledge training, yes, for a whole week. It will all depend upon your manager. Some will go with you on your appts the first couple of months, show you how to do a needs analysis, recommend products, etc. Basically hold your hand. Some will just let you swim with the sharks right away.

Some divisions will let you work their orphans. I heard some charge new agents for orphans. It depends upon your manager. Some give a prospecting account for new agents. I heard some don't have them.

As they always say, the manager, not the company will break or make you. Get as much info as possible during your interview. It's a 2-way street. Talk to other companies, NYL, MetLife, MassMutual, Genworth, etc. See who's a good match with your personality.
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Old 10-08-2009, 02:36 PM   #4
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Pawnature on Career Financing Plan with Mutual of Omaha - Insurance Agent Forum
 
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I have to agree geminiman. I was told by the local MOO office where I live that if I contracted with them I would be on my own plus some. I would have to pay for orphans, no training whatsoever. But he would be available for me to call him if I had a problem...
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Old 10-09-2009, 12:28 AM   #5
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Chazm on Career Financing Plan with Mutual of Omaha - Insurance Agent Forum
 
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^What would be the point of being captive with them?
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Old 10-09-2009, 01:45 AM   #6
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Originally Posted by Chazm View Post
^What would be the point of being captive with them?
None that I can see!
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Old 10-09-2009, 05:39 AM   #7
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That manager and whole division sucks then. Go someplace else, plenty of outfits out there. Good luck!

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