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Reply to Getting Out of my Farmers Contract??     
Old 03-05-2017, 01:10 PM   #21
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insurance1822 on Getting Out of my Farmers Contract??
 
Join Date: Feb 2010
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State: insurance1822 is an Insurance Agent from Alabama
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Getting Out of my Farmers Contract?? Re: Getting Out of my Farmers Contract??
Don't start over. With all the quotes you're generating, you simply open an IA on the side. Move one of your producers to the IA side. We opened our IA with the soul intention of trying to write the 11 out of 12 leads were weren't closing. Four years & 4MM later...it's a goldmine.

You're still young & have plenty of time. Open the IA.

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GO INDY OR GO HOME!
  Reply With Quote to Getting Out of my Farmers Contract??
Old 03-05-2017, 05:28 PM   #22
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State: indienoise is an Insurance Agent from South Carolina
Getting Out of my Farmers Contract?? Re: Getting Out of my Farmers Contract??
I agree that having an interest in both would be ideal...If you can swing it, do it.
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Old 05-10-2017, 01:04 PM   #23
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Getting Out of my Farmers Contract?? Re: Getting Out of my Farmers Contract??
Im leaving my Farmers contract after 6 years of service with them....Whats the best way to start an IA? Would some of you recommend joining a aggregator or just go try to get some direct appointments? Captive sucks!
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  Reply With Quote to Getting Out of my Farmers Contract??
Old 06-13-2017, 05:00 PM   #24
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Getting Out of my Farmers Contract?? Re: Getting Out of my Farmers Contract??
Just get out. Don't dig yourself a deeper hole.

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Originally Posted by INDYTIME View Post
Im leaving my Farmers contract after 6 years of service with them....Whats the best way to start an IA? Would some of you recommend joining a aggregator or just go try to get some direct appointments? Captive sucks!
You dont need an aggregator. Start your IA, get your business license, E&O and bond (if applicable) and start filling out applications for an appointment. There are many commercial lines MGA's who would appoint you as a new agency.
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Old 06-14-2017, 08:22 AM   #25
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insurance1822 on Getting Out of my Farmers Contract??
 
Join Date: Feb 2010
Posts:1,624
State: insurance1822 is an Insurance Agent from Alabama
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Getting Out of my Farmers Contract?? Re: Getting Out of my Farmers Contract??
Why would anybody leave Farmers? they are so good.

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GO INDY OR GO HOME!
  Reply With Quote to Getting Out of my Farmers Contract??
Old 06-14-2017, 09:23 AM   #26
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VolAgent on Getting Out of my Farmers Contract??
 
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Getting Out of my Farmers Contract?? Re: Getting Out of my Farmers Contract??
Originally Posted by insurance1822 View Post
Why would anybody leave Farmers? they are so good.
Aren't they though?

I was talking with a Farmers agent just yesterday. He told me there is another commission cut coming and that they are being pressed to do more life insurance and financial services.

From what I understand, the compensation on that is rather like a captive life agent, so if that is the money maker, and the products aren't that special, why stay with Farmers or even join?

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You can pay the premium or you can own the loss.
  Reply With Quote to Getting Out of my Farmers Contract??
Old 08-14-2017, 01:16 PM   #27
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Join Date: Aug 2017
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Getting Out of my Farmers Contract?? Re: Getting Out of my Farmers Contract??
Following- similar situation, would like all info available
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  Reply With Quote to Getting Out of my Farmers Contract??
Old 08-30-2017, 11:57 PM   #28
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BADTROUT on Getting Out of my Farmers Contract??
 
Join Date: Jun 2010
Posts:58
State: BADTROUT is an Insurance Agent from Colorado
Getting Out of my Farmers Contract?? Re: Getting Out of my Farmers Contract??
If you are considering a group or an aggregator there are MANY predatory ones out there... Contract too long, no share of bonus, restrictions if you leave... Check out Horizon Agency Systems.
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Old 09-04-2017, 07:13 PM   #29
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Warrior on Getting Out of my Farmers Contract??
 
Join Date: Mar 2016
Posts:56
State: Warrior is an Insurance Agent from Undisclosed Location
Getting Out of my Farmers Contract?? Re: Getting Out of my Farmers Contract??
I am a former Farmers Agent. My advice to you is this: GET OUT!!!!!

They will drag you out until you are over your head financially. Farmers only cares about the sale no the client and certainly not the agent.... Unless you are making them money!

If you do not want to own your own agency, be your own boss, then get out asap. The contract reads that you District Manager must pay back the $2500 IF YOU QUIT.

If you like the idea of owning your own agency, get in with an independent agency for a couple of years and learn the ropes. Then go out on your own.

I am now an Independent Agent and I love owning my own office and my clients are mine.

TRUST ME.......GET OUT NOW!!! FARMERS IS THE WORST COMPANY TO WORK FOR!!!
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Old 09-20-2017, 04:18 PM   #30
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Join Date: Jul 2015
Posts:56
State: rbadoux is an Insurance Agent from
Getting Out of my Farmers Contract?? Re: Getting Out of my Farmers Contract??
Quit now. Don't use their money to start a company in their interests.
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Reply to Getting Out of my Farmers Contract?? 

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