One of the requirements for the insurance license is no felonies. No use in them hiring you, there's nothing they can do to waive a convition.
Does Colonial Life drug test their interns? If so, do they drug test them during the interview process or after they have been hired?
It may depend on your location because there are no drug tests at any Colonial Life offices in this area of the territory as far as i know of at any point in the hiring process or during employment. Colonial doesnt want to pay for a drug test for everyone of the dozens of people that start and quit working there every month. Plus you are contracted by them and are a 1099. You work for yourself technically.
How financially stable should you be before considering a commission based position?
Need to have other means to live on while this gets off the ground, like any other 100% commission opportunity.
Colonial Life has an Area Sales Representative (ASR), Agency Development Manager (ADM) and District General Agent (DGA) at the local office level. Some offices might rebrand the ASR as account executive, but when you begin the hiring process that would come out and probably turn the applicant off. All these positions are 100% commission which is exactly why they are so good! Instead of making someone else wealthy and receiving a small portion in the means of an hourly wage, you make yourself wealthy by being the owner of your own business.