Starting Career: Suggestions Please

[billberry12]

"only requirement im aware of is must be fulltime.
i wouldnt think they would drop you on and off the group health plan based on any monthly production requirement.
but that is a good inquiry.. assume nothing right?"
.............................................................................
My advice is for you to get really clear on this issue. Do you really think they will offer these benefits to a non producer? And until you are producing consistently, you are essentially a non-producer. Full time means meeting consistent minimum goals of production.

 

[Kenno]

I was not aware of life agents being W2 employees. I know some offer a minor base for the first few months, but their commissions are also reduced to offset the base pay. I have to agree with billberry, no production = no position, let alone benefits.

 

[VolAgent]

I was not aware of life agents being W2 employees. I know some offer a minor base for the first few months, but their commissions are also reduced to offset the base pay. I have to agree with billberry, no production = no position, let alone benefits.

Statutory employee. You get a W-2, but no income tax withheld, just FICA. You also get to deduct expenses as if you were a 1099. Its available to insurance agents who primarily sell for one carrier, thus the career and captive system.

 

[rizzle]

contacted mass mutual to see what the story looks like over there.. again thanks very much for all the input.

 

[billberry12]

Be sure and let us know what MM has to say, and how it compares to NYL.

 

[Newby]

You would get murdered out there trying to make a living selling NYL as Final expense.

It won't be pretty.

 

[franticity]

How would NYL do as a starting point?

 

[VolAgent]

How would NYL do as a starting point?

Have you actually read this thread, done a search on NYL on this forum?

 

[Newby]

How would NYL do as a starting point?

Final expense agents have a field day just replacing NYL/AARP policies. They are easy targets.

The real AARP policies are not final expense. Too large and too much underwriting.

The AARP/NYL policies are not at all competitive and seniors cancel them as soon as an agent teaches them what they really bought.

 

[xrac]

Also talk to Guardian and Metlife.