for the respect of all agents and confidentiality in dealing with staff members this question should in all fairness not be posted on the internet for all to see.
Oh I disagree people need to know why would you want to hide this answer. The reason the company does not want prospective agents to know is they would have an extremely difficult time recruiting agents if they knew the truth about the current contract and how many lives it has ruined. You should contact. NASFA if you are considering being an agent with this company. NASFA is an organization of agents that work for this co. , but are not controlled as what they say by the co. The co. will tell you that they are just a group of angry agents that are against to co. The truth is just the opposite they are a group that wants to see the co. prosper. but will be open and honest about the current situation aka contract where new agents are barely able to make a living and many do not. You need to know what you are doing if you leave a good career for this opportunity because it is in most cases a job that you will never make over $50,000 many makes much less than that.
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Depends on many things mostly which contract they are on. Currently there are three contracts and it depends on when the agent was hired. Agents on the first two contracts make high incomes and most are in the top 1% of income earners. The current contract is highly in favor of the company and most new agents which is agents hired 1-1-2004 or later make less than $50,000 many go so far in debt they never recover and they file bankruptcy. The new contract is a terrible deal compared to industry standards. The agent gets about 1/2 the commission an Independent agent makes and the agent has to pay all expenses. The company is not be clear to new agents how much they will make. You start on a one year contract & at the end of that year you either sign your long term contract or are terminated. Many new agents are being terminated just before it is time to sign the long term contract without and advance warning that they are not so to speak making it. The company is leaving these new agents with debt. long term leases and expensive office furniture packages and then they start threatning the agent about the do not compete clause in their first year contract. So the new agent is forced to file bankruptcy.
This is not a good opportunity IMO and should be avoided. There are a lot better situations for someone that wants to offer Insurance and or financial products to the public. You do not own the business with this company. They have no retirement plan. Their pay is at an industry low and 2-3 times as many agents fail as they did 10 years ago on the previous contracts. Many make negative amounts the first 2-5 years and have to borrow every dime they need to live.
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