Farmers Insurance Retail West Agent Program
- Sep 02, 2017
- Government : Military
The Retail program is designed to attract capitalized entrepreneurs seeking a start-up opportunity that maximizes their ROI and provides the financial support to rapidly grow.
The Ideal Candidate ??
- Proven background in building and managing a business venture ??
-The desire to build a business legacy to monetize or pass on ??
-Decisions made with ROI and cash flow in mind ??
-Values University of Farmers and best in class learning and development opportunities
-Self-Motivation and Independence ??
-Effective time-management skills and self-reliance to accomplish goals ??
-The ability to identify and focus on priorities Communication Skills ??
-The ability to inspire as well as listen and learn from others ??
-Leadership and people management skills
-The motivation to work hard and take risks to achieve financial success ?? -
-Willing and able to make investments into business opportunity for future gain ??
The willingness to accept responsibility for personal success and failures
-Assets ??- Minimum of $50,000 in seasoned investable assets
-Licensing and Training -?? Property and Casualty, Life and Health licenses prior to agent appointment ??
-Training Milestones and Assessments Background Check ??
-Satisfactory results of background check
-Approval of 5-year business plan and cash flow projection
-Branded Office Location ??
-Office location fully equipped and compliant with Farmers SMART Office standards
-Minimum of 1 licensed and appointed agency staff member (with second licensed and appointed staff required within 6 months of appointment)
- Economic Interest ?...products offered are needed by consumers
-Contract Value according to the terms of the appointment agreement
-Sale of Service and Commission Rights ??
-Immediate ability to sell service and commission rights
-Office Start-up Bonus Program ??
--$10,000 bonus for office startup expenses
--Agency Lead Generation Bonus Program ??
--Up to $5,000 bonus for lead generation expenses
-Annual New Business Premium Bonus ??
--6% paid on rolling 12-month new business
-Agent Eligible Premium ??
-Annual bonuses paid on Life and Commercial premiums subject to caps
-Monthly New Business Premium Bonus ??
--Monthly bonus % paid on qualified new business premium ??
--All agents start at Tier C bonus level for first quarter and then Tiers are determined by prior quarter performance...this will be expained and shown at initial interview
-? Monthly bonuses paid on Life and Commercial premiums subject to caps