Insurance Agent Forum
Custom Search
 

Go Back   Insurance Agent Forum > Insurance Agents and Brokers Forum > Getting Started Selling Insurance


Discussion on Final newbie decision . . . Captive for NYL! within the Getting Started Selling Insurance, part of the Insurance Agents and Brokers Forum category.

I know, I know. . . this board primarily consists of "independent" insurance salesmen (saleslady) but after thoroughly reading the ...


Reply to Final newbie decision . . . Captive for NYL!
Views: 1559 - Replies: 37  
LinkBack Thread Tools Search this Thread Display Modes
Old 06-07-2007, 06:13 PM   #1
Super Genius
 
Join Date: May 2007
Posts:16
Kendog will become famous agent soon enough
Final newbie decision . . . Captive for NYL!             Go to Top

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.


Kendog is offline  

Submit to Reddit Submit to Del.icio.us
Bookmark to TechnoratiSubmit to FurlSubmit to Spurl!
Reply With Quote
Old 06-07-2007, 07:38 PM   #2
Guru
 
Frank Stastny on Final newbie decision . . . Captive for NYL! - Insurance Agent Forum
 
Join Date: Dec 2006
Posts:2,274
State: Frank Stastny is an Insurance Agent from Missouri
Frank Stastny will become famous agent soon enough
             Go to Top

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.


------------------------------------
"The Perfect Contact Management Program (CMP) for the Insurance Professional"
www.YourInsuranceOffice.com
877.633.0808
Frank Stastny is online now  

Submit to Reddit Submit to Del.icio.us
Bookmark to TechnoratiSubmit to FurlSubmit to Spurl!
Reply With Quote
Old 06-07-2007, 07:42 PM   #3
Guru
 
Alsky on Final newbie decision . . . Captive for NYL! - Insurance Agent Forum
 
Join Date: Mar 2007
Posts:353
Alsky will become famous agent soon enough
             Go to Top

Good Luck! Kendog...

Al


Alsky is offline  

Submit to Reddit Submit to Del.icio.us
Bookmark to TechnoratiSubmit to FurlSubmit to Spurl!
Reply With Quote
Old 06-07-2007, 07:50 PM   #4
Guru
 
healthagent on Final newbie decision . . . Captive for NYL! - Insurance Agent Forum
 
Join Date: Sep 2006
Posts:8,114
State: healthagent is an Insurance Agent from Maryland
healthagent is on a distinguished road
Send a message via Yahoo to healthagent
             Go to Top

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


healthagent is online now  

Submit to Reddit Submit to Del.icio.us
Bookmark to TechnoratiSubmit to FurlSubmit to Spurl!
Reply With Quote
Old 06-07-2007, 09:14 PM   #5
Guru
 
CHUMPS FROM OXFORD on Final newbie decision . . . Captive for NYL! - Insurance Agent Forum
 
Join Date: Mar 2007
Posts:3,493
State: CHUMPS FROM OXFORD is an Insurance Agent from Ohio
CHUMPS FROM OXFORD is a splendid one to beholdCHUMPS FROM OXFORD is a splendid one to beholdCHUMPS FROM OXFORD is a splendid one to behold
             Go to Top

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.


------------------------------------
Ohio Health Insurance Quotes
Ohio Health Insurance Plans
Ohio Health Insurance Expert
Fantasy Sports Guru and former
National Sporting News Super Bowl winner
Able to recite every Seinfeld episode word for word
Founder of an Association with 75,000 members
CHUMPS FROM OXFORD is offline  

Submit to Reddit Submit to Del.icio.us
Bookmark to TechnoratiSubmit to FurlSubmit to Spurl!
Reply With Quote
Old 06-07-2007, 10:13 PM   #6
Super Genius
 
Join Date: May 2007
Posts:16
Kendog will become famous agent soon enough
             Go to Top

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!


Kendog is offline  

Submit to Reddit Submit to Del.icio.us
Bookmark to TechnoratiSubmit to FurlSubmit to Spurl!
Reply With Quote
Old 06-08-2007, 12:10 AM   #7
Super Genius
 
LaffAgent on Final newbie decision . . . Captive for NYL! - Insurance Agent Forum
 
Join Date: Apr 2007
Posts:77
LaffAgent will become famous agent soon enough
             Go to Top

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.


------------------------------------
Funny Insurance T Shirts
Laff Agent
LaffAgent is offline  

Submit to Reddit Submit to Del.icio.us
Bookmark to TechnoratiSubmit to FurlSubmit to Spurl!
Reply With Quote
Old 06-08-2007, 06:38 PM   #8
Super Genius
 
Join Date: Jun 2007
Posts:12
Mattw will become famous agent soon enough
             Go to Top

Kendog,

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


Mattw is offline  

Submit to Reddit Submit to Del.icio.us
Bookmark to TechnoratiSubmit to FurlSubmit to Spurl!
Reply With Quote
Old 06-13-2007, 09:54 PM   #9
Super Genius
 
Join Date: May 2007
Posts:16
Kendog will become famous agent soon enough
Interesting. . . .             Go to Top

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 is offline  

Submit to Reddit Submit to Del.icio.us
Bookmark to TechnoratiSubmit to FurlSubmit to Spurl!
Reply With Quote
Old 06-13-2007, 09:55 PM   #10
Super Genius
 
Join Date: May 2007
Posts:16
Kendog will become famous agent soon enough
             Go to Top

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)


Kendog is offline  

Submit to Reddit Submit to Del.icio.us
Bookmark to TechnoratiSubmit to FurlSubmit to Spurl!
Reply With Quote
Old 06-13-2007, 09:58 PM   #11
nate124
 
Posts:n/a
             Go to Top

Quote:
Originally Posted by Kendog View Post

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!


 

Submit to Reddit Submit to Del.icio.us
Bookmark to TechnoratiSubmit to FurlSubmit to Spurl!
Reply With Quote
Old 06-14-2007, 06:27 PM   #12
Super Genius
 
Join Date: May 2007
Posts:16
Kendog will become famous agent soon enough
Finished!             Go to Top

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!


Kendog is offline  

Submit to Reddit Submit to Del.icio.us
Bookmark to TechnoratiSubmit to FurlSubmit to Spurl!
Reply With Quote
Old 06-14-2007, 09:16 PM   #13
New Member
 
gypsie on Final newbie decision . . . Captive for NYL! - Insurance Agent Forum
 
Join Date: May 2007
Posts:6
gypsie will become famous agent soon enough
Send a message via Yahoo to gypsie
             Go to Top

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


gypsie is offline  

Submit to Reddit Submit to Del.icio.us
Bookmark to TechnoratiSubmit to FurlSubmit to Spurl!
Reply With Quote
Old 06-14-2007, 09:25 PM   #14
Guru
 
Join Date: Sep 2006
Posts:2,176
State: arnguy is an Insurance Agent from Pennsylvania
arnguy will become famous agent soon enough
             Go to Top

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!


arnguy is offline  

Submit to Reddit Submit to Del.icio.us
Bookmark to TechnoratiSubmit to FurlSubmit to Spurl!
Reply With Quote
Old 06-15-2007, 02:31 AM   #15
Guru
 
Frank Stastny on Final newbie decision . . . Captive for NYL! - Insurance Agent Forum
 
Join Date: Dec 2006
Posts:2,274
State: Frank Stastny is an Insurance Agent from Missouri
Frank Stastny will become famous agent soon enough
             Go to Top

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.


Frank Stastny is online now  

Submit to Reddit Submit to Del.icio.us
Bookmark to TechnoratiSubmit to FurlSubmit to Spurl!
Reply With Quote
Old 06-19-2007, 07:03 PM   #16
Super Genius
 
Join Date: May 2007
Posts:16
Kendog will become famous agent soon enough
Passed Baby!             Go to Top

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!)


Kendog is offline  

Submit to Reddit Submit to Del.icio.us
Bookmark to TechnoratiSubmit to FurlSubmit to Spurl!
Reply With Quote
Old 06-20-2007, 02:33 AM   #17
Guru
 
James on Final newbie decision . . . Captive for NYL! - Insurance Agent Forum
 
Join Date: Sep 2006
Posts:2,841
James is an unknown quantity at this point
             Go to Top

Quote:
Originally Posted by Kendog View Post
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?


James is offline  

Submit to Reddit Submit to Del.icio.us
Bookmark to TechnoratiSubmit to FurlSubmit to Spurl!
Reply With Quote
Old 06-20-2007, 11:27 AM   #18
Super Genius
 
Join Date: May 2007
Posts:16
Kendog will become famous agent soon enough