I've contracted with Farm Bureau Financial Services. Basically, you're reserve for a month and then become fully appointed after that. You receive "ghost renewal" compensation for meeting your goals. P&C minimum is 4 accounts/month and life minimums increase. They are $2,000 in premium in reserve, increase that to $7,000 at the end of month six. It then increases to $21,000 at the end of the year. I know that if I can meet these goals, this is adequate compensation for my family. Here's how it lays out in my calculations:
(May need to open in a new tab)
They don't provide much else to me financially except $2,000 marketing budget and then matching dollars on most forms of advertising (like direct mail).
EDIT: If you look at the link it shows 30% commission for life. That's assuming term. Anything else is 70%
(May need to open in a new tab)
They don't provide much else to me financially except $2,000 marketing budget and then matching dollars on most forms of advertising (like direct mail).
- How realistic are 4 P&C accounts per month?
- How realistic are the life goals ($21,000/first year is $1,750 monthly premiums)?
EDIT: If you look at the link it shows 30% commission for life. That's assuming term. Anything else is 70%
Last edited:
