Northwestern Mutual Interview

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Aug 6, 2009 8:34 pm

I have an interview with Northwestern Mutual (Financial Network) on Tuesday.
Does anyone have any experiences, suggestions (or warnings) for me?
Thanks!

(hmmm....maybe I should get a new username)

Aug 6, 2009 9:14 pm

Your a shoe in. 

Aug 6, 2009 9:24 pm

For the most part, anyone half decent can get hired.   Just don't accept a position without looking at the competition also.

Aug 6, 2009 10:18 pm

They will probably at some point ask you for a list of people you can go see on a favorable basis.  They will not call those people or share the list with other agents no matter what the idiots on here claim.

A guy working for a wirehouse puts together a list of people he knows and it's considered building a list and good business sense to hit the ground running

A guy working for an insurance company does it and people scream that it's multi-level-marketing or some sortof scam to rip your family and friends off.

Aug 6, 2009 10:27 pm

I'll really laugh if I get that pitch...

Aug 6, 2009 10:32 pm
[email protected]:

I'll really laugh if I get that pitch...



The purpose of it is so they can gauge your natural market.  They're probably not going to hire someone with no friends and no business connections.  It's an advantage to you being that you have a list if you need it to fill your calendar.   You can set your own marketing plan.  The most successful people I know in this business work mostly with people they network with or are referred to but if you don't want to do that you're not obligated to.

Aug 7, 2009 2:04 am

Berkshire you HAVE to work for Northwestern. Come on man. Why are you so private about your company? Everyone else here is wide open. Let it out. It feels good. You can do it. Trust me.

Aug 7, 2009 6:57 am

Yeah Berkshire! I'll see you on Tuesday at 10:00.
Remember, I take cream & sugar

Aug 7, 2009 8:18 am

If you got fired from Jones, you might get hired by NMFN, but have very little chance of surviving.  Selling whole life is more difficult than selling investments, and you don't get a salary.

Aug 7, 2009 8:50 am

There is a 0% chance that Berkshire Bull is a Northwestern Agent.  Those guys are all about  Northwestern Mutual whole life insurance.  Berkshire Bull is a universal life guy.

Aug 7, 2009 10:30 am
anonymous:

For the most part, anyone half decent can get hired.   Just don't accept a position without looking at the competition also.



There sure is alot of competition. Anyone you would recommend?

Aug 7, 2009 11:04 am

Their major competitors are New York Life, Mass Mutual, and Guardian.

Aug 7, 2009 11:28 am
[email protected]:

Yeah Berkshire! I'll see you on Tuesday at 10:00.
Remember, I take cream & sugar











 
 
My boss just told me to pick something up from the bakery on my way to work next Tuesday.  I'm assuming it's for his meeting with you.  Do you prefer doughnuts or coffee cake?
Aug 7, 2009 11:30 am
anonymous:

There is a 0% chance that Berkshire Bull is a Northwestern Agent.  Those guys are all about  Northwestern Mutual whole life insurance.  Berkshire Bull is a universal life guy.






 
I'm not a universal life guy, I'm a whatever's right for the client guy
 
I sell WL on occasion for final expense policies if they want a face lower than $50k
Aug 7, 2009 11:56 am
BerkshireBull:
My boss just told me to pick something up from the bakery on my way to work next Tuesday.  I'm assuming it's for his meeting with you.  Do you prefer doughnuts or coffee cake?



I'll take 2 jelly donuts and a $100k whole life policy...thanks!

Aug 7, 2009 12:03 pm

As long as you are a, "whatever's right for the client guy", you'll ultimately stop being a universal life guy.

 
All companies are in business for one primary reason.  They want to make as much money as possible.  For whom do they want to make this money?  They want to make it for the owners of the company.  Stock companies are owned by stock holders.  Mutual companies are owned by policy holders.  Therefore, the purpose of a stock company is to make money for the stock holders and the purpose of a mutual company is to make money for the policy holders.
 
It's not coincidental that stock companies sell primarily universal life while the mutual companies sell participating whole life policies.   Stock companies sell universal life because there responsibility is to the stock holders and not to the policy holders.  Mutuals are the exact opposite. 
 
Universal life is best for the stock holders.  Participating whole life is what is best for the policy holders. 
 
Look at it another way.  There must be profit.  With a participating WL policy, the policy holder gets the profit.  With UL, stock holders get the profit.
 
(All of this is generally speaking and UL is sometimes the best solution.)
Aug 7, 2009 2:16 pm
[email protected]:
BerkshireBull:
My boss just told me to pick something up from the bakery on my way to work next Tuesday.  I'm assuming it's for his meeting with you.  Do you prefer doughnuts or coffee cake?



I'll take 2 jelly donuts and a $100k whole life policy...thanks!


 
My boss said the guy coming in Tuesday Morning has a bit of a weight problem and told me to pickup some fruit and whole wheat bagels.  Sorry still@
Aug 7, 2009 2:50 pm

It's just a beer belly...


Aug 8, 2009 6:58 pm

I just had my first interview with them on Thursday. My second interview is on Tuesday. I am coming from a Commodities background and this stuff is Greek to me. If anyone has any insight, it would be greatly appreciated.

Aug 9, 2009 2:07 pm
Lionheart:

I just had my first interview with them on Thursday. My second interview is on Tuesday. I am coming from a Commodities background and this stuff is Greek to me. If anyone has any insight, it would be greatly appreciated.

 
It's 100% commission, 70% payout on first year life insurance premiums. When I went in the manager told me the average person makes $35k a year, 24k on the low end, 50k on the high end. But, it really just depends on how hard you work, your natural market, etc. If you don't have a natural market then I wouldn't even try unless you have a lot of money saved up for those dry weeks/months.