Re: Suggestions on Company to Start with
Go to Top
In my opinion for P&C it's not a bad idea to go captive but you have to make sure you get the right set up. YOU CAN NOT make enough money to live off going with Farmers, unless you have another job. Their commissions are nothing special and in P&C you have to producer TONS of policies to see any real commission.
Allstate has a decent program. Depending on where you live there are some tough requirements to get with them (great credit, good amount of capital in the bank, etc..) They typically front end load commissions where you don't have to produce as much business initially and still make decent money. They also pay you to go do training.
State Farm is the best out the carriers to get appointed with. However they don't just throw up a State Farm office anywhere and typically you get into a pool and when an area comes available they'll ask if you want to relocate.
P&C is a tough market and my opinion is unless you have something else to generate you income I would look at a different career or start by selling some health and life as well as P&C.
|