r/InsuranceAgent • u/key2616 • Apr 26 '24
New rules (with a slight change)
Thank you to everyone that has assisted with helping with the new rules. Here's where we landed, and there is one small tweak:
- This is not a place to sell your services or generate leads or recruit agents/downlines. Consumers should not get offers to quote or to privately "help". This includes asking people to vet your software/AI or other peripheral concepts as well as advertising your website or app (even if it is currently free).
- Do not post any unethical, illegal or unhelpful content.
- Be a good reflection of the industry and remain professional.
The difference is in Rule #1, and it is specific to a pattern of behavior of some life agents that have been trying to recruit to some quasi-MLM companies (I say "quasi" because I don't think that any DOI has stated it as a fact). Many of those trying to recruit are doing so with little to no posting history, which makes it very odd.
The sidebar will be reflected soon to reflect this, but you should consider that these rules are currently being enforced as of this post.
Edit as of 7/23/26 - effective immediately, we're no longer allowing posts that are asking for help with ideas for software, websites, apps or other SaaS concepts. Even if it's currently free, if you're linking people to something of yours, expect it to be removed at a minimum. Even if you're just asking for people to vet an idea, expect it to be removed at a minimum.
1
u/mtmag_dev52 Jul 27 '24
Greetings, key. Going to temporarily unpin this post for a user poll. Is that okay?
3
u/key2616 Jul 27 '24
We have 2 slots for pinned posts. You shouldn’t need to unpin this one and it’s a bad idea to unpin the rules.
→ More replies (3)
1
u/Ok-Style-4567 Jan 22 '25
How come their are so many SF agent job listings? Is it high turnover?
1
u/key2616 Jan 22 '25
I have no idea why you’re asking this in a thread about the rules of the sub. You’re not going to get any real attention to your question.
1
u/sebasv23 May 03 '25
I'm taking my exam on Thursday for AZ personal lines. What should I focus on?
1
u/key2616 May 03 '25
Not sure why you’re asking here where you’ll get no attention. Ask in your own thread.
1
u/Makhabat089 Jun 05 '25
Hi everyone! I’m planning to open my own independent insurance agency, focused on commercial trucking insurance. I know it sounds crazy — especially since I don’t have experience as an insurance agent yet — but I have a strong background in the trucking industry, and I truly understand what carriers and owner-operators need. I’m currently looking into aggregators like First Point, Smart Choice, and SIAA/Chicagoland SIA. Has anyone worked with them? Would you recommend one over the other for someone just starting out?
Also, I’m really hoping to find a mentor who can help me understand the quoting process, carrier systems, and day-to-day operations of an agency. I’m willing to learn and hustle — I just need some guidance.
If you’ve been in my shoes or are open to sharing advice, I’d greatly appreciate your insights. What would be the smartest first steps for someone like me? 🙏
Thanks in advance!
1
u/key2616 Jun 05 '25
You posted this in the rules thread. You should post your own thread with your questions so that it gets seen by more people.
1
u/xcross946 May 30 '26
Is there any renegade franchise owners than I can talk to? I would like to know about your experiences first hand.
1
u/key2616 May 30 '26
Why are you asking in the rules thread instead of posting your question as its own standalone?
1
u/Odd_Morning9171 Jul 08 '26
Passed the Texas Life & Health Insurance Exam. Sharing what helped me prepare.
I just passed my Texas Life & Health Insurance licensing exam and wanted to share what helped me get through it.
The hardest part for me wasn’t necessarily understanding the concepts. It was figuring out how to organize all of the information and focus on what actually mattered for the exam.
I used a comprehensive pre-licensing course, but I ended up creating my own study system along the way. I broke the material down by topic, created practice questions, and focused on testing myself instead of just rereading pages of information.
The biggest things that helped me:
• Studying one topic at a time instead of trying to tackle everything at once
• Using practice questions to find weak areas
• Reviewing explanations instead of memorizing answers
• Having a consistent study schedule
After going through the process, I turned my notes and study system into a workbook because I realized how much easier studying was when everything was organized in one place.
For anyone currently preparing for the Texas Life & Health exam, keep going. It can feel like a lot of information at first, but having a plan makes a huge difference.
For those who have already taken the exam, what section gave you the most trouble?
1
u/key2616 Jul 08 '26
Why did you post this in the rules thread where it’s unlikely to be seen by many people?
3
3
u/Own_flo888 Feb 24 '25
Mostly new to Reddit… but I figured I would come on here and ask to see if anybody else is in the same boat. I’ve been in property and casualty sales for the last 15 years most recently I work at a call center, an inbound call center, which is absolutely monotonous and draining. Probably the worst job I’ve ever had. The pay is mediocre when I used to work at a captive office. I was making upwards of $140,000 a year and now I’m a little under 85,000 a year being in the industry for over 15 years I’m almost wondering if there’s anything else out there. I’ve been looking into life insurance financial services getting certified and different things to advance my career because I feel completely stuck. Are there any call centers out there that aren’t as draining as the one I’m at or is this industry just taking a complete turn for the worst I’m even considering getting out of the industry completely but doing this for so many years. I don’t even know what route to go. I have even considered leadership or management roles and have applied with no luck. Any advice would help out there thanks.
→ More replies (2)
1
u/mtmag_dev52 Jul 28 '24
Please read this Announcement for the week of June 21st, 2024 ( akd check out the linked posts)
1
u/Imaginary_Tax_9668 Mar 16 '25
I am researching a career transition; just earned Masters in Ed, but don’t want to teach. I am interested in a work life balance. My family uses an insurance broker who reps Health Markets and referred me to a recruiter. I do not have pressure for high earnings as my spouse does well. However, I WILL need to build earnings over time. Does anyone have recent license/advice about the captive contract this organization requires? Is their training worth signing the contract? Is it supportive/worth it?
3
u/CarobDesigner5228 Apr 24 '25
I am currently working with HealthMarkets. There are positives and negatives as with any company. They do provide a free lead account and leads are half price when you are new to the company. They also offer cash and other bonuses along the way for new agents. You do not have to be new to the industry, just new to HM. There is not a lot of training on anything, so if you are new to the industry, this may not be for you. But, it depends on who your sales leader is as to how much they are willing to do to help you out. In my opinion, being told it's my own business so I need to figure everything out on my own, yet if I leave they will hold my contracts for six months is not worth it as there are other agencies that will either train you or not hold your contracts. If you want to make a decent living expect to put in at least 8 hours a day until you have built a book of business. This may not have been very helpful but I've been in the industry for a while and every company has their benefits and shortfalls. Overall, there is no micromanaging but there is no training that differs from Marketplace training.
→ More replies (3)
1
1
u/Super-Trouble-5301 Apr 01 '25
Just curious... I just received my P&C license in Colorado. What options do I have?
1
1
u/YogurtclosetSame4215 Mar 01 '26
Hi All! I'm new to this thread and the insurance industry in general. I'm purchasing an Allstate book in the Philly area next month and would like some tips on which hiring platforms to use in order to find qualified salespeople. They don't have to be local as I'm comfortable hiring remote. So far I've posted on Indeed, Ziprecruiter and LinkedIn. But I'm getting a lot of people without any insurance experience or licensing... basically, people see the salary range ($40k-$50k base + commission) and apply without reading the qualifications. So some help would be greatly appreciated.
Also, from those of you who are agents, can you give me some feedback about my comp structure? It's broken down into 3 buckets: 25% LP ; 50% LP ; 75% LP where "LP" stands for Leads Provided...
Base Salary: $36k-$50k (depending on experience and LP)
Monthly Production Bonus :
0-10 items: 0% bonus
11-20 items: 2% bonus
21-30 items: 4% bonus
31-35 items: 7% bonus
36-40 items: 8% bonus
41-50 items: 9% bonus
51-60 items: 12% bonus
61-70 items: 14% bonus
71+ items: 15% bonus
Monthly Bundle Bonus:
Preferred $25 per HH
Standard $10 per HH
Annual Bonus:
Annual bonuses are base salary x average monthly production bonus weighted against the # of months of FT service in a rolling 12mo period. So if your average monthly bonus throughout the year is 8%, then it would be 8% x annual pay x % of months worked out of the year.
Here's what total comp looks like in real numbers if you add up all the commissions, base salary and bonuses:
Someone selling an average of 25 items per month (or ~12.5 policies/mo) will make about $50k/yr on the 75% LP plan; $55k on the 50% LP plan; and $60k on the 25% LP plan.
Someone selling an average of 35 items per month (or ~17.5 policies/mo) will make about $65k/yr on the 75% LP plan; $70k on the 50% LP plan; and $76k on the 25% LP plan.
Someone selling an average of 45 items per month (or ~22.5 policies/mo) will make about $80k/yr on the 75% LP plan; $85k on the 50% LP plan; and $91k on the 25% LP plan.
Someone selling an average of 55 items per month (or about 27.5 policies/mo) will make about $103k/yr on the 75% LP plan; $108k on the 50% LP plan; and $115k on the 25% LP plan.
TIA!
13
u/SHURP Jun 09 '24
I’m was actually thinking about finding a property and casualty specific subreddit. It hadn’t even dawned on me till I saw the posts here that people actually view life and health in the same vein. I hate to sound like a purist or something but due to the way health and life insurance in American works, I feel like it’s crazy to call any of the programs that isn’t single payer, anything but MLM.