New Recruit

mandylee76 · 08-12-2008, 05:36 PM

I am new to the insurance world, considering getting licensed. I have been recruited by NAA, NY Life and Bankers. I know that starting a new career is difficult, and I just want to make sure that I have all pieces before I choose whether or not to move forward. My first question is whether or not you have to have good credit in order to sell life insurance. I have a 1 year old foreclosure on my record. No other derog other than that. Is that going to affect what company will offer me a position?

Any help would be greatly appreciated!

xrac · 08-12-2008, 08:29 PM

Originally Posted by mandylee76

I am new to the insurance world, considering getting licensed. I have been recruited by NAA, NY Life and Bankers. I know that starting a new career is difficult, and I just want to make sure that I have all pieces before I choose whether or not to move forward. My first question is whether or not you have to have good credit in order to sell life insurance. I have a 1 year old foreclosure on my record. No other derog other than that. Is that going to affect what company will offer me a position? Any help would be greatly appreciated!

Of the three companies named NYL is the only one I would personally consider and the foreclosure will probably preclude you being hired by them.

The Rabbi · 08-12-2008, 08:40 PM

NYL is the only good one. Ask them. I would imagine there is more derogatory than just the foreclosure.

Just think, you are entering the financial services industry with less than stellar credit.

Apply to several companies and see what they say.

myinsurebiz · 08-12-2008, 09:02 PM

" I would imagine there is more derogatory than just the foreclosure. "

Why would you imagine if she said that was all there was?

" Just think, you are entering the financial services industry with less than stellar credit. "

Many people do it everyday.

Mandy - if you have trouble getting appointed - call me. I can hook you up with a life and a health connection.

I've gotten reps in with bankruptcy, liens, foreclosures - just about anything but a felony. Your advance will be limited to 4 months during a probationary period - but you CAN write.

Tom

moonlightandmargaritas · 08-12-2008, 09:07 PM

Originally Posted by myinsurebiz

I've gotten reps in with bankruptcy, liens, foreclosures - just about anything but a felony. Your advance will be limited to 4 months during a probationary period - but you CAN write.

Sounds like you're working with some very high quality folks...

Why am I not surprised?

myinsurebiz · 08-12-2008, 09:15 PM

" Sounds like you're working with some very high quality folks... "

Americo, United Healthcare, Shenandoah, GR, GTL, Standard, Union Bankers, Humana, AN and more - quality 'eh . . .

Tom

The Rabbi · 08-12-2008, 09:21 PM

Originally Posted by myinsurebiz

" I would imagine there is more derogatory than just the foreclosure. "

Why would you imagine if she said that was all there was?

" Just think, you are entering the financial services industry with less than stellar credit. "

Many people do it everyday.

Tom

Who do you think you are to criticize me? Because I don't operate on the same level as you?

If you have something to add, please do so without the insults. It makes you look bad.

myinsurebiz · 08-12-2008, 09:33 PM

" Who do you think you are to criticize me? Because I don't operate on the same level as you? "

No offense Rabbi - it was you that threw the first stone by "assuming" Mandy wasn't telling the complete story. I just commented upon your crass remark to her.

LOL @ the drama in this place lately.

Tom