Final newbie decision . . . Captive for NYL!

Kendog · 06-07-2007, 06:13 PM

I know, I know. . . this board primarily consists of "independent" insurance salesmen (saleslady) but after thoroughly reading the boards about training a newbie and what all is involved, I thought it best to join NYL as a captive agent for a while. I know it's a rah-rah company and I "will drink their kool-aid" for a while, but I think it will be best for training purposes. (Actually, I am starting as an interning being that I am in school.) They are paying for my class instruction, licensing fees, and everything else that is incurred. I will come in to train a couple hours a day (at 10 bucks an hour) to learn the system and then have commission splits with the agent I am under. Maybe not as ideal as an independent agent, but, what the heck . . . the building NYL is backed up to a baseball stadium and is absolutely gorgeous. What independent agent can watch a baseball game from his office????

I have learned so much from this forum and owe much to all of you! Do y'all mind if I keep posting on this thread to let you know how things go????

Thanks so much!
Kendog.

Frank Stastny · 06-07-2007, 07:38 PM

Congratulations! I think you made a wise, well informed, educated decision.

I started out captive and if I hadn't I would not have lasted more than 6 months at the very best.

You will know if and when the time is right to go independent.

I work in the Senior market and there probably isn't a lot I can offer, but if you think of anything please don't hesitate to call.

Good luck and let us know how you are doing.

Alsky · 06-07-2007, 07:42 PM

Good Luck! Kendog...

Al

healthagent · 06-07-2007, 07:50 PM

Agree with Frank. I think most of us started out captive then moved on.

CHUMPS FROM OXFORD · 06-07-2007, 09:14 PM

Good choice. I have been captive for 27 years. But I can still represent virtually any carrier I want. The meaning of "captive" has changed over the years.

Kendog · 06-07-2007, 10:13 PM

Thanks guys! I couldn't have done it with all of you helping me! Especially Al. . . thanks for spending all that time with me on the phone . . .it helped me make my final decision. I'll let you all know how it goes!

LaffAgent · 06-08-2007, 12:10 AM

You made a great choice. You may find the captive route works for you (it has for me), or you may eventually head out on your own. In either event, you can't beat the support, training, and comraderie of a big company. By the way, NYL is a good company, there's nothing wrong with their Kool-Aid.

Mattw · 06-08-2007, 06:38 PM

Kendog,

Thanks for posting your final decision. I'm talking with NYL about a job, too.

Kendog · 06-13-2007, 09:54 PM

Okay, just a brief update. I have one more class to go before I finish the 40hr. requirement to get licensed. There's so much information! I dont' find it hard to understand, but there's just so much. I have the exam on Monday at Noon. Hope it goes well.

I emailed the guy that is trying to recruit me to NAA. Below is the email . . . Let me know what you think!

Dear Mr. G*******

Thank-you so much for your time and introducing me into this market.
Classes are going well.

At this time I am requesting to "opt out" of this program. I have found
Another route (New York Life) that I think suites me better as a future
Agent.

I wish you good luck on all your endeavors!

Thanks again for your time!

Sincerely,

Kenny

(His Reply)

Kenny,

I appreciate the response. If things do not work out to your liking with New
York Life, please look me up. We have a number of Ex-agents from the top
Carriers after their stints with them.

Regards,

By the way, Who do you know that would like to make an extra $1000 or more a
Month part time helping people protect and invest in their families?
Go to *(url deleted)* for more details.

Attitude + Activity = Success
"Optimism is Essential"
Jim G*****

Kendog · 06-13-2007, 09:55 PM

I guess I'm just wondering why the "other agents" at the big names never made it and went into NAA . . . . .. .

(not that I'm actually worried however)

06-13-2007, 09:58 PM

Quote:

Originally Posted by Kendog

By the way, Who do you know that would like to make an extra $1000 or more a
Month part time helping people protect and invest in their families?
Go to *(url deleted)* for more details.

Attitude + Activity = Success
"Optimism is Essential"
Jim G*****

Haha... they are ALWAYS recruiting. Goes to show that they care more about recruiting than about actually selling insurance!

Kendog · 06-14-2007, 06:27 PM

Finally done with class and now I have to take exam on Monday. I'll let you know how it goes. Lots of info to study.

- - Met some interesting people trying to get into the business. So many different backgrounds and so many different classes of people. Interesting.

I think this field attracts a lot of losers that think they can make it big their first year by sitting at home in their underwear and sipping tea. But then again, I think sales attracts those kind of people anyway.

- - Looking forward to busting my tail in this industry. Probably not until next May though. For now, I'm just interning. (Which is code for "learning and not actually producing a whole lot.") That's okay. For now, I see my license I get on Monday (providing I pass the test) as a "license-to-learn." So that when I do go full time, I will have a small book of clients I have earned over the past year and some product knowledge to go along with it!

Chow!

gypsie · 06-14-2007, 09:16 PM

I'm taking a job with NYL too. I just took the exam last Friday and aced it, so I'm excited about getting in there and selling!

This is a completely different change in careers for me. I'm a Registered Nurse who's been in sales for the past 2 years. I was looking for a pharmaceutical sales job when NYL came calling.

I've already informed some of my patients and clinics that I'll be calling on them.

I can't wait to get started!!

Good luck on the exam and NYL

arnguy · 06-14-2007, 09:25 PM

You are doing great Kendog, keep up the good work. By the way I just finished some chow (cheeseburger and fries). Methinks you mean: ciao!

Frank Stastny · 06-15-2007, 02:31 AM

Congratulations Gypsie! You sound like you are going to be a great asset to the company.

KenDog, good luck on your exam. With such a positive attitude you are bound to succeed.

Kendog · 06-19-2007, 07:03 PM

Passed my Exam! 82%.

Actually, it wasn't that hard at all. I went back to NYL and filled out all the paperwork. I hope I can make some money by December at this! (I will be splitting commissions with the agent I am under. . . and I can only work after 5 pm. I hope it works out! (Please tell me if this is realistic!)

James · 06-20-2007, 02:33 AM

Quote:

Originally Posted by Kendog

Passed my Exam! 82%.

Actually, it wasn't that hard at all. I went back to NYL and filled out all the paperwork. I hope I can make some money by December at this! (I will be splitting commissions with the agent I am under. . . and I can only work after 5 pm. I hope it works out! (Please tell me if this is realistic!)

Congradulations! Just one thing? What is this 5pm thing?