So, what would you do?

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Nov 26, 2008 9:22 pm

You get offers from these firms, what would you do?

1. EDJ
2. Northwestern Mutual
3. New York Life
4. Prudential

Nov 26, 2008 9:25 pm
Northwestern Mutual
2. New York Life

Forget the other two.
Nov 26, 2008 9:33 pm

depends... do you want to be an insurance salesman or an FA that is handcuffed by EDJ...

Nov 26, 2008 9:36 pm
Chuck:

depends... do you want to be an insurance salesman or an FA that is handcuffed by EDJ...



Touché

Nov 26, 2008 9:39 pm

from what I hear, insurance salesman knock down some serious coin... and life insurance looks much better on a statement right now that mfunds that are down 50% !!!

Nov 26, 2008 9:48 pm

Try to be objective. Honestly, if you want to be an advisor, your only choice would be Jones. If you want to do any level of insurance, don't join Jones (or any captive BD) - they take too much of a haircut on insurance. You can do OK on big cases, but at an insurance co., even the small stuff can be bread and butter for you.



Also, if you want to do insurance, do you want to handcuff yourself with a mutual co.?

Nov 26, 2008 10:09 pm

Good points. The ultimate goal, of course is go somewhere and do very well for myself. I'm licensed, just not the 65/66 or insurance, but where I'm at is very limited in sales. I'm a sales person by nature.

If it comes down to it, I guess I could hop on a rig in the Gulf and give up some fingers?... At any rate, I appreciate your input.

Nov 26, 2008 10:27 pm

How is a mutual company handcuffing someone who wants to sell insurance?

Nov 27, 2008 3:09 pm

I should add, if you're in you're early 20s as well. EDJ seems more appetizing, even though with a 3 year commitment. If you're already licensed will they still require a promissory note?

Nov 28, 2008 7:37 am
someonewouldntexpect:

I should add, if you're in you're early 20s as well. EDJ seems more appetizing, even though with a 3 year commitment. If you're already licensed will they still require a promissory note?



In this business, the rest of your life is a commitment.  3 years is a blink of the eye.  Personally, I cannot imagine starting w/any firm (or Indy for that matter) with the seed of quitting already planted.  This job is hard enough when you do commit 100%.  Just 1 guy's opinion.

On a second note, I hope you do not pick EJ.  Real people will volunteer their time to help someone that they think appreciates it.  Already having Plan B in place is dishonest to them unless you tell them ahead of time.  Frankly, people at any firm will probably offer help to someone who asks.  It is unfair to anyone at any firm.

I understand situations change.  The above post only assumes a Plan B already exists.  The 3 year commitment quote suggests it does.  Not attempting to post any "facts".

Nov 28, 2008 5:00 pm

I don't believe I even mentioned I have a plan B; in fact, I was alluding to the 3 year contract not being an issue for me like so many here like to bitch about.

An accurate description of my "plan" is where would you choose if that is where you want to spend your entire career. Ironically, that was my intent. But please, do tell how you are to so accurately read my mind. I'm enamored by your ability.

Nov 28, 2008 9:45 pm

I cannot read minds and I did not mean to offend.  I said I thought your quote of "even though...." suggested (not mind reading or facts) a Plan B.  I was not an English Major in college but "even though"does not seem "to allude it is not an issue".   .... and the 3 year contract is not an issue, would allude it is not an issue.  Your original question "What would you do"? asked for opinions.  I gave mine and I stand by it.

Nov 29, 2008 2:27 am
ytrewq:

I cannot read minds and I did not mean to offend.  I said I thought your quote of "even though...." suggested (not mind reading or facts) a Plan B.  I was not an English Major in college but "even though"does not seem "to allude it is not an issue".   .... and the 3 year contract is not an issue, would allude it is not an issue.  Your original question "What would you do"? asked for opinions.  I gave mine and I stand by it.



Great, I love being pedantic.
though; even though; although:
1. (used in introducing a subordinate clause, which is often marked by
ellipsis) notwithstanding that; in spite of the fact that; although
2. even if; granting that (often prec. by even)

No offense taken, I can't imagine how that would even seem offensive.