Question : What is the life of an insurance saleman like?
I wanted to join a "company" World Finance Group, part of AEGON. They say they will train me about life insurance and difference securities and how to recruit more employees and customers. So far the membership fees and background check is $100 ! They dont want to reveal how much of this100 goes to membership and how much goes to background check! So far I understand that they customer that I would have would be the people I know. I will use their offices at "any local representatives", I will have to services the accounts of my customers, have them to choose the right investment, mostly life insurrance. Sound an interesting job. I learn business anyway. BUT this whole thing looks more like a scamp or not suitable for me at all! Pay for a membership and then go out and look for customer on my own. They dont reveal to me the average income of their employees, they dont really revea to me how much time and effort one should pay, and whether they would get any customer at all!by the way the website is WorldFinanceGroup.com
- asked by have fun
All Answers:
Answer #1
I have never heard of them and they aren't on theAegon website. As far as paying money up frontand having to find your own clients, that soundsnormal and that's why so many don't make it.
- answered by aaron p
Answer #2
I am very familiar with WFG.They are a marketingcompany owned by Aegon (but they are not part ofthe Aegon insurance line), so you are NOT anemployee. You are an independent agent. You dohave to get your own business & recruit a downline(not employees). The membership fee is about rightto join this type of company, there are other feescoming also, based on the learning & licensing youwill be required to get. They cant say what salaryyou will get, b/c there is none. You are paid on100% commision of what you sell. No sale, no pay.They will be happy to tell you what the highestproducer there is getting (probably over$80k/month!). Remember: it is not a job! You arean independent contractor with no benefits!Withthat being said; it does not mean that they arenot a legitamite company or dont have good thingsto offer. It just has to be something you arewilling to do. You have to recruit people & sellthe insurance & investments. Think over itcarefully before deciding. If you absolutly dontwant to do that, then dont! You will just wasteyour fees & all that time learning. It is not ascam. They are real & they do make money. Thatdoes not mean the same for you, though. You haveto dedicate yourself to those meetings 2x a week(Wednesday night & Saturday mornings as I recall).Aegon is a real & solid company. Just make surethis is something you can dedicate to.
- answered by ricks
Answer #3
I work for two agents that are independent agentsand they have very luxurious life styles. You justhave to know the business and how to talk topeople. Everyone out there wants/needs insurance.Thats why its one of the most profitablebusinesses to be in.
- answered by aprincess007
Answer #4
It is tough. 96% of all new salesman have leftthe business by the 3rd year.The key to beingsuccessful is not selling. It is prospecting. Ifyou can master that ... you have a chance tosucceed. If you can't ... you have no chance. People won't seek you out ... you have to seekthem.People don't buy life insurance ... it issold. People tend not to like to be soldanything. It is a product that you can't reallytouch, smell, hear. It is a feeling. That makesit hard to sell.
- answered by CPA/PFS
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