Originally Posted by mswebb06
I was contacted by a company today by the name of Superior Funeral and Life Insurance company of Mississippi. The job requirements would be traveling the state of Ms working FE leads and working closely with Funeral homes. They would offer me a base salary of 25K (I make that in residual w/o even starting the truck in the morning time), 100$ cell phone exspense, 20 day meal exspense, 300-600$ car allowance per month. 40 cents per mile mileage reinbursement, since the work week would be Monday afternoon-Thursday evening, they will pay 50$ per night for a motel room. The catch as I previously mentioned I will be gone Monday-
Thursday traveling. Agents are making as low as 28K-95K in commisions per year not including the base salary?Good deal or not? W-2 not 1099.
Are they a life insurance company or a 3rd party marketer of life insurance?
If they're a 3rd party marketer and sell an insurance produt that is strong in the funeral home industry (Forethought or Homesteaders) you can make a WHOLE LOT more than that real quickly.
If they are a life insurance company that is new to the funeral business it will be tougher unless they have something new and unique going for them. Funeral home owners have been burnt in the past from insurance companies jumping in and out of the pre-need business (Fortis, Conseco etc.)
I did that job for about 3-years. Enjoyed it but I was ready to get off the road after 3-years. The hotel expense is a little low. You'll have to stay in greasy dumps for that amount.
You will need to learn a little bit about the funeral business.
Step One - Never call it final expense insurance. Funeral homes hate final expense insurance. It's called pre-need funeral insurance. The difference is preneed insurance has growth of the death benefit. Makes all the difference in the world to them. Kind of like LTC
with or without inflation protection.