The Yellow Board

Switching to selling insurance?

Posted by Making the switch on 7/18/2022, 9:47 am

What are your thoughts? Is there money in it?

Re: Switching to selling insurance?

Posted by Thoughts on 7/19/2022, 6:37 pm, in reply to "Switching to selling insurance? "

If they cancel their policy before a year, you will owe. I’ve seen the Texas market last year, and it was NOT hot at all. Be careful, most recruiters are extremely scammy and just want to add people under their name to grow their pyramid scheme. Not all are like this, but a lot are. Research A LOT before you commit. There’s some great study material out there. I passed the health and life insurance test in my first try, but haven’t jumped in because of the above reasons. If anyone knows a great starter company, feel free to share!

Re: Switching to selling insurance?

Posted by Well... on 7/18/2022, 7:18 pm, in reply to "Switching to selling insurance? "

Yes, there is but keep this in mind.

--Most people start in the "bullpen" cold calling off of phone & address lists purchased from a 3rd party (in many cases, the post office). Basically, you are a telemarketer trying to set up appointments in order to build a client list.

--Be prepared to read from a script on those calls.

--Be prepared to have that phone to your ear all day until you get enough prospects to visit.

--Be prepared to take verbal abuse, and phone slammed in you ear.

--You'll be in the bullpen 3 days out of five. The other two days will be when you have your appointments. When you start making a lot of appointments, you will be in the bullpen less often.

--You're paid on commission. The amount depends on the policies you sell. You also get a percentage of every policy that is renewed at the end of the term. You won't go on salary until you are promoted into management....after you've sold quite a few policies.

--Be prepared to live frugally until you start selling policies on a regular basis.

--You will need to do your own withholding on taxes.

Re: Switching to selling insurance?

Posted by Not me but a friend on 7/18/2022, 6:15 pm, in reply to "Switching to selling insurance? "

I have a friend that recently did this. He's loving it. Making more money and better benefits. But everyone is different

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