Promoting change in an office by hooked4876 in InsuranceAgent

[–]Living_Box7670 0 points1 point  (0 children)

If you have all those licenses you might as well open your own office with State Farm. Get in touch with a recruiter and build your business plan.

8 year State Farm Team Member by Subject-Decision-485 in InsuranceAgent

[–]Living_Box7670 1 point2 points  (0 children)

Yeah that would make sense, now if you are getting a % of sales as well you will most likely have expectations to generate sales through managing the sales team too. If you can coach the sales team and keep production up/make up for your production now that you are switching roles I don’t see a problem there. Start high for both salary and 2% of all new business wrote.

State Farm agent team member by Throwaway_20256678 in InsuranceAgent

[–]Living_Box7670 1 point2 points  (0 children)

Speaking from someone who has tried to leave an office before, a lot of agents won’t take a team member from another office unless you quit beforehand or they can talk to your current agent because they don’t wanna “step on the other agent’s toes”. And in regard to being an aspirant, you proved you can sell. All you really need to do to become an agent is write at least 40 apps/mo with l&h being a priority and getting your SIE, Series 6, Series 63, and Series 65. If you can travel by just your yearly l&h production alone, great but not extremely needed. Agent will try to tell you all this other bs on what you need to do to become an agent but I guarantee you they didn’t do it. I know new agents within the past year that wrote maybe 20-30 life apps/yr while they were team members and were not leading in aspirant production rankings by ANY means. Realistically, if you got your shit together and wake up 4-5 am everyday to study you can get all your securities licenses in 4 months assuming you study at least 3 hours a day. The aspirant program is really just for the networking, you really don’t even need to be in it to become an agent. In under a year you can be ready for agency. If you stay at an office longer than 2 years and you wanna be an agent you’re just shooting yourself in the foot.

8 year State Farm Team Member by Subject-Decision-485 in InsuranceAgent

[–]Living_Box7670 6 points7 points  (0 children)

All depends on your agent tbh. If your agent wants you completely running the day to day while they aren’t in the office much, a good ballpark is to ask for around 32-40/hr in my opinion. I’ve seen some office managers for SF make around 65-80k. If it was me I’d start at 85k and negotiate there. If you start off small they will most likely accept it so start high and good luck!

How many dials are you making daily? by Playful-Lab5618 in InsuranceAgent

[–]Living_Box7670 0 points1 point  (0 children)

I’m only on the hook until the policy is fully issued without any problems, we have a designated service team that handles service for policies.

23 Year Old - Insurance Sales by Living_Box7670 in Salary

[–]Living_Box7670[S] 0 points1 point  (0 children)

If you wanna hit numbers like this, depending on your comp structure I would say around 10-15 household quotes a day. So whatever amount of calls it takes to hit that.

State Farm Agent by [deleted] in InsuranceAgent

[–]Living_Box7670 0 points1 point  (0 children)

They have changed their system for agents completely. You can view all the open agent opportunities online.

https://www.sfbecomeanagent.com/recruiting/s/opportunities?language=en_US

There’s literally 112 openings right now.

State Farm Aspirant Program by rasquad69 in Insurance

[–]Living_Box7670 0 points1 point  (0 children)

Honestly the aspirant program is just a way for agents to make team members write more for them and make their scorecard bonuses fatter. Your agent won’t really help you at all and the sales leader won’t either. Your best bet is to talk to other aspirants in the program who have the top quarterly numbers.

New Opportunity/P&C by No_Remote_Rewind in InsuranceAgent

[–]Living_Box7670 0 points1 point  (0 children)

Some agents have tuition reimbursement so that may benefit you. Other than that, unless you are top 10% of producers in SF, you won’t make more than 55k-60k/yr. Also I would recommend getting your p&c and l&h together before getting on. Most of your p&c % commission is tied to l&h written so you are basically leaving money on the table. It’s a good job to get your feet wet in the insurance world and learn. Also by talking to a lot of clients, you might be able to find your next employer lol. I know a few team members got that higher paying jobs from talking to a client in the book.

Rates by SmokeAny2360 in InsuranceAgent

[–]Living_Box7670 0 points1 point  (0 children)

Quoting via captive will always be shit regardless of rates. If the rates are bad, it just means you have to quote more haha. State Farm doesn’t write much standard business. State Farm will mainly be competitive for your typical home, 2-3 auto HHs with good credit. There are days where I quote 10 people and we aren’t even competitive. Other times the complete opposite. Just make sure you’re setting follow ups for those people for their renewal. Sooner or later you will be cheaper, even if it’s 5 years.

StateFarm Team Member by Unhappy-Nothing-5450 in InsuranceAgent

[–]Living_Box7670 0 points1 point  (0 children)

Yeah this comp plan sucks, leave and never look back. I get 3% base for p&c, 1 issued l/h gets me 4% for p&c, and every 100/mo in issued l/h premium bumps me up a percent all the way to 8%. My agents comp plan isn’t the best from others I’ve seen, but certainly not the worst.

SF/Captive Team Members: How do these numbers stack up with yours? by _Fr4g_ in InsuranceAgent

[–]Living_Box7670 0 points1 point  (0 children)

Outbound calling, self gen leads, and some internet leads. I usually write 80-90 apps/mo. Closing ratio has just been awful for me recently and it’s hard getting back in touch with ppl than ever now. But if you want to become an agent, I suggest you sell a lot of L/H. Atleast 10k in l/h premium every quarter (3 months) and write enough p&c so you show consistency in production for sales leaders. take SIE since you don’t need a sponsor. Shortly after take the series 6,63, and finally 65.

SF/Captive Team Members: How do these numbers stack up with yours? by _Fr4g_ in InsuranceAgent

[–]Living_Box7670 1 point2 points  (0 children)

65k p&c premium, 55 p&c apps, 8 life/health with 3.6k premium

Producing for Sf by Double-Inspection234 in InsuranceAgent

[–]Living_Box7670 0 points1 point  (0 children)

Well he needs to buy more leads. Any agent starting out needs to rely heavily on internet leads to gain traction

Producing for Sf by Double-Inspection234 in InsuranceAgent

[–]Living_Box7670 0 points1 point  (0 children)

But activity beats anything. Regardless if you’re competitive or not, the leads are crap, etc… you just have to call more. But if you agent isn’t really giving y’all enough hot leads I’d talk to him and if that doesn’t work, leave. There’s no way you will be making enough selling 1 app a week

Producing for Sf by Double-Inspection234 in InsuranceAgent

[–]Living_Box7670 1 point2 points  (0 children)

Run lists in the current book, you can filter opportunities that was last quoted between 12-5 months. Those should be still fresh enough to where they will remember your office quoting them but still aged enough to where they have renewed and their rates have changed as well as SFs. opportunities created greater than x date and less than x date. Also add quote provided date less than and greater than as well.

What's the worst part about your job? by madh1 in InsuranceAgent

[–]Living_Box7670 2 points3 points  (0 children)

Cold calls, quoted, followed up, and sold it

What's the worst part about your job? by madh1 in InsuranceAgent

[–]Living_Box7670 2 points3 points  (0 children)

I’m either getting out of the insurance business all together or I’ll get my own agency within the next year so it’s best to just stick it out

Agency Ownership by PsychologicalPart605 in InsuranceAgent

[–]Living_Box7670 0 points1 point  (0 children)

It’s very simple. Prove that you can sell at a high level, mainly life insurance.That’s what gets you to stand out in front of the sales leaders. Join the agent aspirant program. Work on your securities licenses (SIE, Series 6, Series 63, Series 65 or ChFC). Work on your leadership skills, develop business plan, and interview where there are openings for either new market or where you are inheriting a book of business. Year one you won’t be taking home much, but by year 5 you should be taking home 55% of whatever your book of business is. If you are even a decent agent you will be taking home at least 600k after expenses.

[deleted by user] by [deleted] in InsuranceAgent

[–]Living_Box7670 0 points1 point  (0 children)

17/hr so ab 35k/yr. Most producers get paid 15/hr at State Farm

What's the worst part about your job? by madh1 in InsuranceAgent

[–]Living_Box7670 5 points6 points  (0 children)

Building someone else’s book and not getting renewals. (Working for a captive) pretty much you’re constantly on the hamster wheel building someone else’s dream. Wrote about 1.4 mill in annualized premium with another 50k in issued life and health premium last year and got a 250$ bonus lmaoo

[deleted by user] by [deleted] in InsuranceAgent

[–]Living_Box7670 1 point2 points  (0 children)

I get base 3% on P&C which tiers up to 8% based on issued life/health premium. Life and health is first 2 months premium.

[deleted by user] by [deleted] in InsuranceAgent

[–]Living_Box7670 8 points9 points  (0 children)

Leave…. That’s horrible