I just had a guy call me about an interview with Mutual of Omaha. he seemed pretty straight. I asked him about churn and burn and he was honest enough to say that agents do come and go, mostly those who want to say they have a job but not really work. He said realistic expectations first yr around $40k, a lot less than some advertise, but seemed straight forward. He said they have good training and you are not captive, they sell several companies products. Any thoughts?
I just had a guy call me about an interview with Mutual of Omaha. he seemed pretty straight. I asked him about churn and burn and he was honest enough to say that agents do come and go, mostly those who want to say they have a job but not really work. He said realistic expectations first yr around $40k, a lot less than some advertise, but seemed straight forward. He said they have good training and you are not captive, they sell several companies products. Any thoughts?
He sounds like he is giving you accurate info instead of blowing smoke up your, ah, nose. If you work your butt off the first year $40,000 is very realistic. $100,000 to $150,000 is not! I don't even think $60,000 is very realistic unless you are a super hero.
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I would say there are still some good offices out there in the agency system with Mutual, despite all the home office mail order and brokering going on. You could still be a career agent and make a decent living for sure.
Those of us with gray hair remember Mutual of Omaha's Wild Kingdom TV show. Because of that legacy, they have the best calendars. The calendars have beautiful pictures of exotic animals.
I had mostly good experiences there, but a lot of what you get at a company like MOO is determined by your GA or GM and not just the company.
The company itself is solid and I got good training from them.
I appreciate the feedback. The guy seemed pretty down to earth, not pushy at all. He answered my questions honestly enough and said to do my due diligence and bring any questions in for the interview in the morning. He said dress business casual and I like that!
Anyway, not knowing much about the business, what should I ask and what should be the answers? Thanks in advance. Oh, by the way, i spoke to a couple of friends and neighbors and they ALL had MOO and were pleased. i wonder if this is a fluke or do they offer competitive products.
I never met Marlin Perkins and don't believe that meeting him is still possible. I did meet Jim Fowler. Jim was the younger guy who was more hands on with the animals.
Jim visited our office and brought a couple of snakes and birds. We were asked to bring our kids and he did a little presentation for them.
Jim was very good with the kids. My son was about 10 and really enjoyed it as did I.
Alston, I was at an office in NY and if you were in Connecticut, we used to have a contest between the two offices, winner gets steak, loser gets speghetti. Was that your office?
Yep Alston, that was the office!!! I was out there from 1988-1989- and our NY office in Poughkeepsie had a contest with your office at that time, winner eats steak. Whoever writes the most. We met at some restaurant on the Connecticut side, probably near Danbury or somewhere.
Those of us with gray hair remember Mutual of Omaha's Wild Kingdom TV show. Because of that legacy, they have the best calendars. The calendars have beautiful pictures of exotic animals.
I had mostly good experiences there, but a lot of what you get at a company like MOO is determined by your GA or GM and not just the company.
The company itself is solid and I got good training from them.
Good Luck,
Very true in regards to office manager.
Ask about his/her experience?
How long in insurance and in what capacity?
How long with MOO?
How many of current agents did they hire and are they still there?
Expenses like office rent, laptop lease and the like.
Good luck and agree this manger so far seems on the up and up.
I think the interview went well. It was an individual interview. He has been in insurance 6 years, he personally goes out with you on your first appts until you are comfortable, lots of training, said to earn 40K they provide enough leads for half of that, you come up with the rest. They have prospecting training, as well as group association marketing (endorsement by groups such as realtors, etc... They provide $75 per month laptop money. They also said you own your book of business. Vested with renewals for life after 10 years, no fees other than what it costs you to have a home business (stamps, gas etc...). They require 2 day training at regional office (they cover room and food). 3 years ago they got a new regional manager who cleaned house, remainder of agents are mix between 2 new guys and eight who average 12-15 yrs experience. No interest on charge backs. $40 office fee (if i choose, covers phone, unlimited copies, etc...). I asked if he minded me asking so many questions, he said not at all, it shows i did my homework and if I think of any more to just give him a call. he said he was looking for some who wants a career, not just fill a desk. Next step is online profile and background check. Then a interview to go more indepth on commisions, incentives, etc. I feel pretty comfortable about the whole thing.
You may want to go independent at some point. However for most people, the only way to get good training is to work for a company like MOO for a few years.
After a few years you can look at your options and see if you would like to stay or go out on your own.
I am thinking about going back there, are they captive or what? They used to be I thought, then maybe not, who knows?
Even though this post is older, I was looking up MOO.
I have an interview with them this next Monday. I'm new to the business, just gave my hello a little earlier.
They told me that they are semi-captive. It seems they are open to using other companies if their policies do not fit the clients needs. I'm looking forward to an opportunity like this also. Even though being independant sounds nice, it also seems daunting without any experience. I'm hopping this turns out.
Mutual of Omaha
I appreciate the feedback. The guy seemed pretty down to earth, not pushy at all. He answered my questions honestly enough and said to do my due diligence and bring any questions in for the interview in the morning. He said dress business casual and I like that!
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