Northwestern Mutual Interview
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)
Your a shoe in.
For the most part, anyone half decent can get hired. Just don’t accept a position without looking at the competition also.
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.
I’ll really laugh if I get that pitch…
[quote=Still@jones]I’ll really laugh if I get that pitch…
[/quote]
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.
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.
Yeah Berkshire! I’ll see you on Tuesday at 10:00.
Remember, I take cream & sugar
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.
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.
[quote=anonymous]For the most part, anyone half decent can get hired. Just don’t accept a position without looking at the competition also.[/quote]
There sure is alot of competition. Anyone you would recommend?
Their major competitors are New York Life, Mass Mutual, and Guardian.
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?Yeah Berkshire! I’ll see you on Tuesday at 10:00.
Remember, I take cream & sugar
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 $50kThere 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.
[quote=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?[/quote]I’ll take 2 jelly donuts and a $100k whole life policy…thanks!
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.)[quote=Still@jones] [quote=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?[/quote]I'll take 2 jelly donuts and a $100k whole life policy...thanks!
[/quote] 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@
It’s just a beer belly…
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.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.
I was told that I would be paid a salary plus commissions but the girl from my 1st interview said that salary and such will be explained in my next interview (interview 2 is about marketing). Is the salary thing only through training? I’m 100% commission now and it doesn’t bother me, but learning something new and starting from scratch will be a challenge at straight commission.
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. [/quote][quote=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.
Nope.
Its 85% payout and $8,000 grand up front. Alot of reps take/took out loans their first year. You will only be selling insurance your first three years. In fact they won't sponser you for your 7 unless your Four years+. Good luck.
Lionheart, there won’t be any real salary, unless the GA feels like it. If there is a salary, it will come at the expense of commissions. What happens with most of the career agency systems is that they have to follow the laws of NY state. These laws limit the commissions that can be paid. I don’t remember what the limits are, but companies are allowed to pay enhanced commissions for a few years. There is a cap on this, and it is probably between $25,000-$30,000.
This means that first year reps can get a commission bump. This is usually a % of first year's commission. If the typical sale of a NW product has a 55% commission, a first year rep, might get a 50% bump on this for a payout of 82.5%. (I don't know if these numbers are correct.) Once the limit has been hit, there won't be any additional payment. Getting sponsored or not sponsored for the 7 has nothing to do with the company and everything to do with the GA. If a rookie is doing very well, there's no doubt in my mind that almost any GA will allow them to take the 7. Lot's of time, agents need to play, "Let's Make a Deal." "Hey, GA, I'd rather take the 7 than the 6. Will you allow me to take it if I produce 10 lives a month for the next 3 months."[quote=anonymous] Lionheart, there won’t be any real salary, unless the GA feels like it. If there is a salary, it will come at the expense of commissions. What happens with most of the career agency systems is that they have to follow the laws of NY state. These laws limit the commissions that can be paid. I don’t remember what the limits are, but companies are allowed to pay enhanced commissions for a few years. There is a cap on this, and it is probably between $25,000-$30,000.
This means that first year reps can get a commission bump. This is usually a % of first year’s commission. If the typical sale of a NW product has a 55% commission, a first year rep, might get a 50% bump on this for a payout of 82.5%. (I don’t know if these numbers are correct.) Once the limit has been hit, there won’t be any additional payment.[/quote]
Thanks for the info. The woman that I interviewed with told me that 1st year Reps make about $55,000 which isn’t a heck of a lot more than the salary that she had mentioned. Also, I was told that I would have to get my Series 6 and 63 in addition to the life insurance license, so I guess that I am being groomed for investments as well.
I really have no clue what I am getting myself into and/or how all of this works. It’s all very mysterious. I am told that I will interview 4-5 times. This first interview was short and sweet, and I didn’t get to ask very many questions. She asked me a lot about me and my current job like what I like and dislike, but products, services, and pay were not really discussed. The next interview is my marketing interview. I guess that is to see who I know and where I can potentially sell to.
Anonymouse is correct, universally NWM pays enhanced commissions, but some GAs throw extra "compensation" just to get your feet wet. For example, when I interviewed with them, it was around an extra $4000 for the first couple months. NOT $4000 per month, but $4000 disbursed over the course of the next few months (even if you don't produce and just sit on your behind). However, that GA also charged for office fees which pretty much offsets the "beginner's salary."
The simplest way to understand the offer is a ZERO base salary job. In the end, career agencies are all the same in that they pay bonuses IF and ONLY if you produce. Otherwise any money they're throwing at you is paying for the fees they have yet to mentioned in the interview process.Zero base doesn’t bother me as long as the payout is good. There is no base salary where I am now either, but we do pay a salary while you train, get licensed, and such.
I was told that I would get a $4000 stipend, but I guess that is only through the training program. I assumed that the $4000 would be paid monthly. If it’s $4000 over a few months I think that I will stay where I am. I can’t wait to find out exactly how they payout.
IMO, I can sell anything. My main concern is that my circle of friends and family are not “big money”. Judging by these interview materials it seems as if they really want you to focus on friends and family contacts. I have no problem cold calling or even pounding the pavement, so I might have to rely on that.
It does not matter if your family and friends have big money. They do want you to focus on them, but the key with these people is referrals and not sales.
There are a couple of reasons for this. 1) You probably won't be a good insurance salesman in the beginning. When you get referred to somebody, they will typically meet with you or not meet with you based upon the respect that they have for the person who gave you the referral. If there is a lot of respect, they are going into the first meeting looking to think highly of you. 2) It's often a much longer sales cycle when one makes cold calls. I'm experienced and I make cold calls. If I would have made cold calls in the beginning of my career instead of working on referrals, I would have failed.Good luck today still@ go get em!
Keep us informed!
You should be very careful before signing anything.
NML targets an upscale market, but I have seen many Financial Reps who lived anything but upscale lives. You might want to see if your prospective agency has an orphans program. Chances are that the agency has a block of business which has not been called upon in years. See if you can get some names of orphan policyowers. That will give you some folks upon whom to call. The downside is you will be forced to share some of your commission with the General Agent. If your cash flow is precarious, you might want to get a part time job evenings and weekends. One producer in our agency drove charter buses and limos while building his business. Another worked receptions at Ridgewell's Caterers back in the 1990's. What ever you do, learn by heart the Granum language. You can use it in any business.Interview went very well and I am already scheduled for a second interview. Overall, I was very impressed with the quality of their training program and how things were organized.
I’m not sure I am the right person for their initial prospecting/business building strategy (I don’t want to make dual sales calls to my family); but I would guess that since I am already licensed, they may be flexible with this.
I have an interview with Guardian tomorrow, so it will be interesting to compare.
Had my 2nd interview yesterday. So far so good.
[quote=NML Rep 2003]You should be very careful before signing anything.
NML targets an upscale market, but I have seen many Financial Reps who lived anything but upscale lives. You might want to see if your prospective agency has an orphans program. Chances are that the agency has a block of business which has not been called upon in years. See if you can get some names of orphan policyowers. That will give you some folks upon whom to call. The downside is you will be forced to share some of your commission with the General Agent. If your cash flow is precarious, you might want to get a part time job evenings and weekends. One producer in our agency drove charter buses and limos while building his business. Another worked receptions at Ridgewell's Caterers back in the 1990's. What ever you do, learn by heart the Granum language. You can use it in any business.[/quote] Sorry, but I have reading garbage like this. NML reps, like most reps, start by targeting qualified prospects. In the beginning, they do the "mirror test". If they can fog a mirror, they are a qualified prospect. Going upscale happens over time. Some of the best reps realize that they can make tons of money without going very upscale. A good GA won't force you to share commissions. Is the GA even allowed to earn commissions? I don't know about NML in this regard. The GA has a vested interest in your success. Taking commission dollars away leads to failure and not success.[quote=Still@jones]Interview went very well and I am already scheduled for a second interview. Overall, I was very impressed with the quality of their training program and how things were organized.
I’m not sure I am the right person for their initial prospecting/business building strategy (I don’t want to make dual sales calls to my family); but I would guess that since I am already licensed, they may be flexible with this.
I have an interview with Guardian tomorrow, so it will be interesting to compare.
[/quote]
What were your thoughts on Guardian?
NML was saying your first few sales calls are dual calls. I would just need to be there and watch another Rep do the talking. They said it would be a 50/50 split on commission.
If I was right out of college, I might go along with something like that for the experience…but I have enough experience to know I’m qualified to pitch a insurance policy by myself.
They gave me the “survey” forms (interestingly similar to EJ). I’m beginning to wonder if they even looked at my resume.
Your resume doesn't matter. They're willing to throw you agains the wall to see if you stick. You have a serious attitude problem and don't even know it. Are you so qualified with "pitching" insurance that you can't learn from seeing others in action? Here's some great advice. At least one time, you should do joint work with every experienced rep in the office. You'll learn something everytime. Sometimes, you will learn what not to do. By the way, if you do the first few sales on your own, you are guaranteed to screw something up even though the prospect agrees to buy.NML was saying your first few sales calls are dual calls. I would just need to be there and watch another Rep do the talking. They said it would be a 50/50 split on commission.
If I was right out of college, I might go along with something like that for the experience…but I have enough experience to know I’m qualified to pitch a insurance policy by myself.
They gave me the “survey” forms (interestingly similar to EJ). I’m beginning to wonder if they even looked at my resume.
I was very impressed with Guardian. I think their “living balance
sheet” shows that they’ve made a solid investment in technology (which
I believe is important). There’s also no satellite dish and I didn’t
see anyone looking up bonds on green screens!!!
ps: Of course I know I have an attitude problem…I know everything!
I’ve been to three interviews so far. The 4th is Tuesday. With this next step, I am interviewing/surveying friends, family, and a couple of strangers as part of a “Market Information Survey”. Of course this will help me to identify, recognize, and build my target markets which seems to be a very large part of the interview process, and of the business itself.
The strangers part of the survey I guess eludes to the door knocking aspect of the business. I figured that I would mostly be setting appointments over the phone via referrals and such. Am I mistaken? How much door-knocking should I expect to do at NWM should I get the job?
I’m in the same process and have a week to do my surveys. I was told these “stranger” surveys are just people I don’t know, but get referred to. I never was told door-knocking. Just referrals.
make them up. I did.
I’m in the same process and have a week to do my surveys. I was told these “stranger” surveys are just people I don’t know, but get referred to. I never was told door-knocking. Just referrals.
Okay, but I am just wondering what to expect. Once I set up my marketing plans, after I solicit those 100-200 people in my target market(s), where do I go from there besides the obvious referrals? It seems that everyone I meet makes the job sound easy, but taking this job will change my life. I imagine it will be positive for the long term, but extremely negative (second/side job, possibly losing friends) in the short term. I’m trying to find out all I can so that I can make a smart decision.
Don’t make them up. The reality is that the market surveys are very close to what you will be doing on the job. You’ll be calling people for the purpose of having a conversation with them. After having a conversation, you will want to get the names of other people with whom you can have a conversation. If you can do this, and actually spend your time doing this every day, you will make a very nice living.
It's very simple. It's not easy.I second that. When I had to do these surveys about a month ago, I thought it was a real pain. In hindsight, it was a great way to really size up the job before you sign on. A red flag should pop up if you feel really uncomfortable with the process (although I think everybody is a little apprehensive approaching their peers). At any rate, I wish you both the best of luck.
Doing the market surveys is a great low-pressure way to get in front of people you know and find out who is open to you coming back when you’re hired and who is not interested. The people you talk to doing the market surveys will be your first clients.
Interview 4 down. I feel like I basically have the job. My natural market is only 175 people and they want 250 before sales school. I didn’t understand the importance of the surveys and how they set up your business. I also didn’t understand that they have sales school entry requirements.
Before sales school I need 250 contacts or leads, and I need to have my licenses. I figure if sales school starts in October, I’d better start studying now which means that I’d better get a second/night job or side hustle if I am going to make this thing work (no real savings). That 90 day ramping up period is no joke I hear.
I guess that I have some thinking to do… and some praying to do.
Any advice? Thoughts? Opinions?
Of your 250 contacts, if you are respected, most will agree to meet with you. The key to your early success is going to hinge on your ability to get referrals from these people. You must learn to get referrals at a first meeting. If you don’t make a sale and don’t get a referral, you worked for free.
Let's say that you start with 250 people and 150 of them agree to meet with you. If you can get 3 referrals on average from them, you will have 450 new people to call plus most of the 100 that didn't meet with you plus most of the 150 who did meet with you. If you don't get referrals from them or don't get enough or think that you have to wait until you make a sale, you will quickly run out of people and have to survive on cold calling. Why cold call if you don't need to do so. In the insurance business, unlike the wirehouse model, cold calling is really optional. It shouldn't be done out of necessity. Rather, it can be done simply as a supplement or as a way to get into markets where you don't have an in......Your resume doesn't matter. They're willing to throw you against the wall to see if you stick.[quote=Still@jones]…I’m beginning to wonder if they even looked at my resume.
[/quote]
All I'm saying is my resume says I met over #,### door-knocking prospects and they are telling me to fill out a survey "to see if I am comfortable doing this job". I didn't like getting their generic script.
Kinda like when my Edward Jones ATL called me and read duplicate questions from her script with no regard for my previous answers. She sounded like a high school freshman reading in class.
In order to succeed in this business, you have to be willing to do things that you don’t like doing. That’s why this job is very difficult and very profitable.
Your likes and dislikes of their recruiting process isn't relevant.Well I can and did roll with the punches, but I was pretty disappointed that the importance of these questionnaires was not explained to me. I was told that it was simply a survey. Today they are asking me about overcoming objections and such. This HR chick is trying to tell me which sales techniques I should have and could have used and coming from someone who has never closed a window I was like
If I had known that I was laying the groundwork for my eventual book, I would have handled it much differently. However, with little to no product knowledge, no license, and without a clear understanding of the exercise, I half-assed it. Oh well, I need 75 more names before I can go to sales school so I guess I’d better start doing more surveys.
[quote=anonymous]In order to succeed in this business, you have to be willing to do things that you don’t like doing. That’s why this job is very difficult and very profitable.
Your likes and dislikes of their recruiting process isn't relevant. [/quote]I think that is as well put as I've heard it.
I dislike door knocking but know it puts money in my pocket. Do I like money more than I dislike door knocking? My shoe should answer the question...
IMG00426.jpg1024×768
They’ll hire you w/o the surveys, don’t worry.
Don’t sweat it. She only gets paid if she hires you. The chick is clueless if she doesn’t have the selling experience and she probably doesn’t.
What's laying the groundwork for your book at this point is to simply put together the biggest list that you possibly can of people who might be willing to meet with you if you called them. Your thoughts on their desire or ability to become decent clients is not important.[quote=voltmoie]
I think that is as well put as I’ve heard it.
I dislike door knocking but know it puts money in my pocket. Do I like money more than I dislike door knocking? My shoe should answer the question…
[/quote]
With those size 7 1/2 Keds, no wonder housewives are willing to talk to you…
They don’t feel like they need to have their guard up!
Zzzzzzzing!!!
That may be true, but the idea isn't to get hired. The idea is to succeed. If something holds someone back from doing the surveys, they may not have what it takes to succeed.They’ll hire you w/o the surveys, don’t worry.
How insightful. He already got 175 surveys. That says enough. He’ll do fine.
[quote=Still@jones]
[quote=voltmoie]
I think that is as well put as I’ve heard it.
I dislike door knocking but know it puts money in my pocket. Do I like money more than I dislike door knocking? My shoe should answer the question…
[/quote]
With those size 7 1/2 Keds, no wonder housewives are willing to talk to you…
They don’t feel like they need to have their guard up!
Zzzzzzzing!!!
[/quote]
I wish, I’ve got boat like 12s.
[quote=svm21] How insightful. He already got 175 surveys. That says enough. He’ll do fine.
[/quote]
I appreciate the vote of confidence but I have 175 people in my natural market. I only completed 7 surveys and got 9 referrals. They want me to have 250 names or people in my natural market before sales school in October. So that means more surveys, or just making a list of names. I will do both.
That looks like a rough alley, Voltmoie, don’t flash your expensive camera phone around in those parts or some high school kids will likely beat you up and take it as well as your American Funds pens and keychains.
If this is going to work I have to get some sort of 2nd job, or my wife will have to go back to work part time for a while. Either way, I need to understand the hours expectation of this job to find the appropriate side gig. What I know so far is that you come in in the mornings around 730am, dial and set up appointments for the day. Then you’re out on your own seeing clients and all that which could be scheduled for any time. Is this accurate?
The 20-something fresh out of college HR girl I interviewed with was probably way too forthcoming. She just came out and told me that not everyone follows Granum or does any of that 10-3-1 stuff that I have read about. She said that some guys go home, go see friends, etc and just generally slack off. Everyone has to hit their goals, but it sounded like it wasn’t too strict there whereas everything I read made it sound like Granum was the 11th commandment.
Maybe they just aren’t big on accountability, but it seems like you make your own schedule after the morning meetings and morning calls. Is this the norm?
What can I expect hours-wise in this job? I need to know so I can get/find an appropriate side hustle.
DO NOT get a side hustle. It's true that not everybody doesn't follow Granum which is why most people fail. The number one thing with Granum is his "Rule #1". If I recall correctly, it is, "From 9:00-4:00 do nothing except see people or fight to see them."
If you want to succeed, make Granum the 11th commandment. If you follow "Rule #1" and do most of your work jointly, you'll be pulling in decent money within 100 days. Why can't you have a 2nd gig? This job is a little strange. The more work that you do, the more work that you create for yourself. Compare someone who meets with 4 people a day to someone who meets with 2 people a day. When you meet with someone, a successful meeting creates follow up work for you to do. That means that someone who sees 4 people has twice as much work to do, but only half the time to do it since he can't do the work when he has an appointment. Following Rule #1 will very quickly lead to a packed schedule. This will leads to lots of work that needs to be done. The only time that you have to get the work done is after 4:00 (but you'll probably have some evening appointments) and weekends. What happens if you have a side gig? If you try to follow "Rule #1", you can't get your work done. Therefore, you will spend during the day doing work instead of seeing people or fighting to see them. This will most likely lead to failure. The best case scenario is that this will lead to success that is much delayed.I believe that in order to be successful, you find the most successful guy and emulate what he does. Granum works and has worked like clockwork for many from what I have read (this article is what sold me on Granum). I most definitely intend to make it my 11th commandment.
However, a series of unfortunate events has made it so that my savings are all but exhausted and I don’t know if I can survive the “ramping up” period. I have been told more than once by a great many people that I should not expect to make crap for 90 days due to the natural sales process, underwriting, etc.
So after my wonderful $4k during sales school, I would be essentially broke for 90 days after that. Broke is not an option. So either this opportunity is shelved until I can build back my resources, or I take a job at night or on weekends to make it through.
By the way, 10-3-1 isn’t something to follow. It is simply a fact of life.
It seems like you have a few choices. 1) Your wife can go back to work for a little while. 2) You can tell your wife that you aren't going to see her for 100 days. Get a side job and plan on working very long days EVERY Day. 3) Talk to your GA. He may be willing to work something out in terms of a loan or a draw for a short period of time so that side work isn't necessary. Warning: If you put in long hours, but don't follow "Rule #1", you won't be making decent money in 100 days. It can take years.Anonymous, sounds like you’ve worked for NML/NMFN? Most of your information is pretty accurate. However, I’ll add a bit just to clarify. The compensation works as follows:
1st year - 82.5% on WL & 75% on term 2nd year - 71.5% on WL & 65% on term 3rd year - 60% on WL & 60% on term 4th year and beyond - 55% on WL & 50% on term... That's basically it on life insurance and believe me that's all you'll sell anyway. As far as the upfront bonuses go, the home office gives the managing partner anywhere from 8K to 4K to each new recruit contracted depending on business and your part of the country. However, its up to the MP to funnel that $$ down to the recruits. In many instances, that money never sees the recruit and stays neatly snuggled into the MP's pocket. This is just the tip of the TIP of the iceberg with this outfit. I could type all day and night about this company but I won't bore you. One good thing though, the WL insurance is awesome. Hope this helps.The mutuals are all pretty similar. I have lots of friends at NML. They all pay enhanced commissions of some sort and they’re based on the NY insurance laws. The maximum extra commission that can be earned is the same with all of them.
Whether someone will only sell life insurance is very dependent on the local office. Personally, I think that it's good to restrain the new guys to some extent. It helps the new guys learn to sell.[quote=anonymous]The mutuals are all pretty similar. I have lots of friends at NML. They all pay enhanced commissions of some sort and they’re based on the NY insurance laws. The maximum extra commission that can be earned is the same with all of them.
Whether someone will only sell life insurance is very dependent on the local office. Personally, I think that it's good to restrain the new guys to some extent. It helps the new guys learn to sell. [/quote]All good stuff here. New agents will get diffused trying to do too many different things and at the end will do none of them well. I thought I knew everything right out of the gate and wanted to do it all as well, it took me 2 years to figure out that I wouldn't get far as a 24 year old "financial planner" but I could be a 24 year old insurance agent who dabbled in mutual funds mostly with clients under 45. Two years later looking back it was a great decision to arrive at.
If you can focus on needs based products such as life and DI the first couple years and get up and running and really hone your skills, then when it comes time to move your business to a higher level and enter new markets you'll be very good with your systems and selling and should transition smoothly.
There was a job opening posted on CareerBuilder for a Financial Rep. in Boston for the Boston Financial Group, and I sent my application in through there. I got a call from NMFN soon afterwards to schedule an interview. I went in for an interview last week and learned a great deal about the company, and I believe I can say the same for them about me. The man said that he will send me a second link to an assessment that I need to complete. I completed that within two days of the interview. It has been a week, and I have not heard back from NMFN. Would anyone happen to know if this is normal? How does advancement in the interview process work? Or did the assessment knock me out of the running for a Fin. Rep. position?
The job is garbage pitching life insurance. Go buy a business you can expand. If you sell insurance you are a sucker slave for the company.
The only life insurance that makes any sense is DIRECT private placement variable life that is a wrapper around hedge fund profits.
For the consumer it is the best and cuts out the brokers!
Resurrected a post from 2009 because…?
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