Pros: Decent training, company reputation
Cons: 100% Commission, subsidy sounds nice but the steps to get it are not explained, Management does not have enough time to help.
This can't really be considered a job, they will hire just about anyone with a bachelor's degree and make them promises that they can't keep.
I was told this was a fast track to management program, that was a lie, I got there my first day of training and there were about 10-15 other recent college graduates were in the same position I was in.
I was also told that you get a subsidy while you are getting your feet wet with selling policies. Okay, here is the truth. You start off, you're not making money by the way, you have to study for your NYS Life, Accident and Health exam, it is self study, then you have to pass their test to make sure you can pass the state exam, then you have to pass the NYS exam ($40 you pay, they reimburse). That process will take about a month. Then you sign the contract with them, that will take another month, again you're not making money during this time but have to show up for trainings and other events. So you're 2 months in if you're lucky to have your contract pushed through quickly, then you must sell $10,000 worth of life insurance premium and have it close before you start earning the subsidy. Unless you know rich people who need $500,000 policies, it will likely take you 3-5 strong policies to qualify for that. The life insurance process takes a solid month to close because medical records are needed and a medical exam. So even by the earliest number if everything worked out, you are at month 3 still not making any income.
Many agents are then forced to sell people policies they might not need just to earn a living. I am really – more... not sure how anyone makes it. I did receive some good tips on selling in training. The training manager seemed to get it. Unfortunately, it was only him and the head manager, trying to help 20+ reps get started in their career, they just couldn't help everyone.
When I left, I had not sold a policy and was only there for 2 months, I got a much better insurance job, it took them 3 months to cancel my appointment there, and they kept ducking my calls. It was not very professional. – less