Mass Mutual , Guardian Life

padthaiforlunch · 07-02-2009, 01:37 PM

MaryAnn,

Very interesting. Since your getting paid to analyze, do you have time to sell policies?
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MM or Guardian?

You can get Brokers contracts with each. Of course you won't get training unless you shmooze with your local office and find a mentor.

Best way to butter that toast is to do some kick ass prospecting and get an assist with case design.

arnguy · 07-02-2009, 04:20 PM

Mary Ann, Guardian definitely appoints brokers! I get emails from them all the time; however, at this time I am not doing any DI. I believe they are well regarded as a top White Collar DI company whether or not the paper is written on Berkshire.

insurancemet · 07-02-2009, 04:37 PM

To be a broker with Guardian, is 50% contract for life about the average or does it go alot higher?

p888chang · 07-03-2009, 01:31 AM

Thanks Mary Ann. some day I will work for designations.

Peter

mar@mal-tlg.us · 07-06-2009, 01:39 PM

HI Guys,

Hope everyone had a great Fourth - I have a personal message to which I cannot respond so if anyone wrote to me and would like an answer, please either email me at mar@mal-tlgus or somehow get the message to this area.

I'm no techie just love the computer and what it enables us to do.

Ciao,

Mary Ann

p888chang · 07-07-2009, 06:10 AM

VolAgent,

<5/2500 stands for 5 lives and 2500 FYC.>

What is FYC?

Peter

Side note: I have been talking to NYL, MM, PennLife, and NMFN in the processes of selecting which one to work for. However, the compensation issue is not in black and white. They should gives us a clear picture right at the first meeting - in black and white, not sketchy information. Among the four, NMFN gave me the clearer picture during the first meeting. However, still not in print, leave room for misunderstanding. I do not know why they are doing that, it slow down the process.

VolAgent · 07-07-2009, 06:23 AM

FYC is First Year Commission.

As to why they hide the compensation, ask them. Everyone likes to play it kind of close to the chest, like they are afraid the competition will find out.

Originally Posted by p888chang

VolAgent,

<5/2500 stands for 5 lives and 2500 FYC.>

What is FYC?

Peter

Side note: I have been talking to NYL, MM, PennLife, and NMFN in the processes of selecting which one to work for. However, the compensation issue is not in black and white. They should gives us a clear picture right at the first meeting - in black and white, not sketchy information. Among the four, NMFN gave me the clearer picture during the first meeting. However, still not in print, leave room for misunderstanding. I do not know why they are doing that, it slow down the process.

p888chang · 07-08-2009, 09:22 AM

VolAgent,

Thanks.

I believe they should be more transparent at the first recruiting meeting. Competitor knows the compensation plan any way. Only the new prospects are in the dark. The process the way it is is counter productive. Not only it wasted the prospects time, it also wasted the hiring company's time. Example: I finished the second one on one with NYL. He will talk about the compensation only after I completed the project 200. If I do not like the compensation, he wasted lots of his time, I wasted lots of my time. Just do not get it.

Peter (a frustrated newbie).

VolAgent · 07-08-2009, 05:52 PM

Yes, NYL is the worst about it. Really, the compensation is all about the same. The difference is what they bonus you off of, NYL is heavy on life, whole life in particular. Mass is heavy on Life, DI, Variable Annuities and LTC. I assume NML is heavy on Life, and Metlife doesn't bonus.

Originally Posted by p888chang

VolAgent,

Thanks.

I believe they should be more transparent at the first recruiting meeting. Competitor knows the compensation plan any way. Only the new prospects are in the dark. The process the way it is is counter productive. Not only it wasted the prospects time, it also wasted the hiring company's time. Example: I finished the second one on one with NYL. He will talk about the compensation only after I completed the project 200. If I do not like the compensation, he wasted lots of his time, I wasted lots of my time. Just do not get it.

Peter (a frustrated newbie).

gettingstarted · 09-22-2009, 04:44 AM

VolAgent - great info, thanks... Are you in TN? I am in MidTenn and have interviewed with a Guardian Agency - I'm following you on the 5/2500, theirs is a bit different, its 6 and 9,000 in AP. My question is, there is a great MMutual agency in same area i just found and would like to check them out too - what is the subsidy MM provides and for how long so I can compare to the Guardian plan?

Thx.

Originally Posted by VolAgent

Yes, NYL is the worst about it. Really, the compensation is all about the same. The difference is what they bonus you off of, NYL is heavy on life, whole life in particular. Mass is heavy on Life, DI, Variable Annuities and LTC. I assume NML is heavy on Life, and Metlife doesn't bonus.

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I've found some postings on the Massmutual "salary" or subsidy plan. It seemed its a bonus on top of your commission (i.e. 90% of your first year commission up to 37k) - I guess that's because you don't have any renewals so that makes up for it and goes down each of the first 3 years.

Am I wrong or do they offer a "salary" - a base then commission on top of that?