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| *Ostroff, Fair and Company>>>Financial Services |
Is Bankfers Life & Casualty Co good company to work for? |
I just got call from them today for interview next week. I would like to know if anyone has worked for that company and what was your experience. Bankers Life is an insurance company specializing in selling term insurance,life insurace, annuitiesm medicare supplement for seniors. Looks like very legitimate company, more than Primerica or Vector Marketing or Amway. They called me to come for interveiw and bring my copy of resume and dress professionally. But it does not look as good as State Farm or Blue Cross Blue Shield. Certainly their products are limited. The thing that I see yellow flag is that when they called me, they did not tell for what position I would be interviewed. It does look like I will be interviewed for sale on commission. It is Ok, I may try as long as I won't have to pay for training or license. It would waste of time and money. Also another turn-off would be for me to make cold-calls and visit homes. Anyway who wants strangers at home? Anyone say straight comission. It's a great job if you don't want to make money. Primerica is roughly the same thing give or take with the advantage of offering something that people may actually want. Also Primerica is something you can do on the side so it's possible that you can be doing something else at the same time. I can't say Bankers Life is a scam but it's not likely somewhere where you'll find a career and for that matter neither is Primerica. State Farm, Prudential, Allstate are all similar in nature where you'll work reall hard for a real long time and if (theres a real big IF) you survive long enough you'll make a reasonable living. If you have a pulse Bankers Life and Casualty wants you. They can pretend all they want but as long as you are currently on the 10 most wanted list you're hired. There shouldn't be any real significant upfront. I think I paid for a class to get licensed and then I realized that I made no money for the rest of the time. I didn't lose a ton of money but it was a complete waste of my time. Bankers Life & Casualty is one company out of a pool of hundreds in the financial services industry. Early in my career I spent to much time looking at the company and not enough time considering something more important, "the people". With all companies you will find good advisors/brokers and also poor ones. As long as you are working with a good solid company focus on personal development. I would highly recommend visiting a website called http://www.naifa.org. This is the largest trade group of financial service professionals. Companies that encourage participation with NAIFA should earn special attention. Focus on developing yourself and you will find the carrier becomes less and less the issue. Remember one important rule. Companies manufacture "our" products. It is the skilled advisor that understands that financial service products are a tool only for us to use in practicing our craft. You will find excellent advisors in about every company out there. Diligently pursue your LUTCF or FSS professional designation from The American College in Bryn Mar, PA. These programs will increase greatly your ability to stay in our industry those first 3 years. Working under a manager that is a member of GAMA (General Agents and Managers Association) can also provide some extra help as well. I would also try and find your passion first. Is it healthcare? Investments? A mix? Determining this first can also help you select working with a company that specializes more in this. Back to Bankers Life & Casualty. This company has a unique niche and focus in the senior market and has good products that include Medicare Supplements, Long Term Care, permanent life products, and other products typically geared for older people. If this is not what you have a strong interest in I would recommend looking at another financial service company. The "blues" by the way is a great place to start. Look at another company called Unifi. This might be a great fit. http://www.unificompanies.com I hope this helps. Lance http://www.naifa.org http://www.mdrt.org http://www.nahu.org http://www.unificompanies.com http://www.alticor.com owns http://www.quixtar.com and http://www.amway.com and http://www.nutrilite.com and http://www.artistry.com and few more companies and 2 hotels and a beach and http://www.alticor.com is no 1 MLM globally with turnover of usd 7.29 billion and it has presence in 90 countries.It started with usd 1000 from a garage in Michigan city,USA in 1959 and now its usd 7.29 billion in september 2006. according to http://www.forbes.com the ranking of http://www.alticor.com is as follows http://www.forbes.com/lists/2006/21/biz_... http://www.nutrilite.com is no 1 health supplements[plants based] company globally with turnover of usd 2.4 billion and READER DIGEST magazine has awarded this http://www.nutrilite.com for th ebest company for last 5 years from 2001 to 2006 and for 2006 you can find details in its publication of MAY 2007 from NEW DELHI [INDIA] http://www.amway.com has done usd 2.21 billion in CHINA in 2006 http://www.quixtar.com has done about usd 1.5 billion in USA in 2006 80% TOYOTA vehicles sells through AMWAY in JAPAN AMWAY and WHO and 3 more companies have rating of AAAAA+ about 2 million co brands like MCI, COCA COLA sells through http://www.quixtar.com in USA SBI [govt bank]/ICICI bank credit cards sell through AMWAY in INDIA and M/s Max Newyork life insurance sells LIFE INSURANCE through AMWAY in INDIA M/s BPCL sells petro card through AMWAY in INDIA Can you please tell that is that AMWAY legal or illegal and if its illegal then why those companies are selling their brands through AMWAY |
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