Any one have a contact number to get appointed as a broker with colonial life. I would like to add them to the mix of what I have available but have been getting no place. I've called and left voicemails, I've emailed, and the only response I had was an automated response about working for a company offering there benefits ie a consumer directed email.
I think Colonial is ok, in my area Colonial is a new office and has just a few agents , my problem is that I'm new to insurance and this office has NOBODY that can train me, I'm looking at other options. Not saying Colonial is bad,just not good for me right now.I have been there 10 weeks and have only seen just 1 presentation and that was from a lead of mine, all the other agents are doing nothing.
I find that Colonial is top-heavy with management, all of whom receive generous commissions from the labors of the field agents. The result is a commission schedule that is just too low for the amount of work and time it takes to earn it.
If you are in an area where the economy is "booming" than Colonial is may be great for you. But if you are in an area where things are not going so well the employers are going to say to you "Sorry, I don't want to talk about benefits because we are looking at letting people go." And when (if) you land a sale and you try to enroll, the guy or gal who had an extra $50 in their paycheck for a voluntary benefit (that is about the national Colonial average premium per worker) has had that "eaten up" by Exxon as well as their grocery store in the cost of beer and bread.
Coupled with a poor commish schedule and the bad economy in many places, selling worksite benefits is "challenging" now. And I found that with Colonial, even when it was "good" the pay-out was not worth the time/effort. I could make better money in health and life. True, Colonial does advance commish... but there was never enough of the pie for it to be something I would want to devote most of my time and energy towards. Of course, YMMV.
I know there has been some discussion regarding CL, that if your state office has an agreement with alliance this can cut down on some your prospecting time and effort. How ever I know that if you are enrolling a group that is a member of your alliance you do lose I believe 25% of your commissions up front.
I know there has been some discussion regarding CL, that if your state office has an agreement with alliance this can cut down on some your prospecting time and effort. How ever I know that if you are enrolling a group that is a member of your alliance you do lose I believe 25% of your commissions up front.
I believe it is 30 % and paid at the end of year, unless you have chargebacks.
Dont have a clue, I have been with Colonial for about 10 weeks and looking elsewhere, can't get any training here. I would love to stay, but I need money, can't wait any longer.
I am a little confused... Do you wanna leave b/c you can not get any trainning or because you do not have anyone to go and see?
No training,,why should I furnish all the presentations, since I have been with Colonial there has only been 1 presentation, MINE, I dont mind using my leads for presentation, I just never know what day to scheduke the appt due to no one going with me...NO TRAINING..I had signed 3 accounts in 5 weeks and that is all my district had done during that period, I have a 450,000 AP waiting on me, but I'm not putting my neck out to fall flat on my face with a company that respects me,the decision maker is my next door neighbor, I cant get any one to train me.The district has about 10 agents and none of them are working the way I want to work..I want to learn, I want to fly ...but I cant get off the ground
The GA in my district is a good guy, he has his hands full, he has is own full time CPA firm in addition to the Colonial, his time is limited and all the agents are NOT producing or not working.My family is too important to me to sit around and wait for free time, the company I'm considering,in just 2 weeks has trained me more than Colonial has in 10 weeks, using all the NEW companies leads.I think Colonial would be great for me, BUT I'm a guy who is begging for more work, willing to work 6 days a week,7 if I can find a way..
I have had 2 businesses that I started from ground up and sold and made a lot of money, I see this going nowhere fast and I don't have time to be trained 2-4 hours per week..Time is money and I want the money and willing to spend the time to get it.Like I said,I have no hard feelings..but I gotta move.
I do not blame nor fault you one bit, nor would I imagine that anyone else reading this will either. You said a new company that you are considering... Is this company Life/Health or both? Is your new company still in the workplace market, or the individuals?
I've heard from a very reliable source that Colonials sales actually increase a small percentage during tough economic times. When I get appointed next month I'm going to focus on their limited Health Advantage, Disability and Life insurance.
I'm in Arkansas, no I'm changing to the senior market..My new company is already trained me 2 weeks and looking to be on my own in a week or so, I love the idea of them giving me leads and setting my appts, I only pay for the leads when the apps are turned in...Actually the only leads I pay for is the ones I actually sign up.
Getting Appointed with Colonial Life
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