Vantaggi
Compensation is decent. They give a sizeable bonus on top of all production your first year, then scaled it down the second year, and the third. Fourth year becomes increasingly difficult to run a practice if you have not built a strong foundation of investment assets.
Svantaggi
Management pushes Life Insurance and Annuities because it is the best up-front commissionable dollars for them. They suck you dry for your family, friends and energy then management leaves you be to wither away. Your incentive to bring in investible assets is minimal, as they do not train you for this, nor do they have knowledgeable investment head honcho's to assist you. After two-years with the company, I did not have a leg to stand on as I was attempting to continuously new clients. Most of the people I entered AXA with have left due to poor management, or just realizing that this is not the way to run a business. I also received a letter in the mail from a law office, six months after leaving AXA. They state that I owe a significant amount of Pre-Paid Commissions paid by AXA to me, without them receiving payment from the policies that I was paid on. Now let's get this straight. I leave a company, six-months later they send a letter, not from their headquarters, but directly from a law-firm in New York. Sounds a little weird to me. I pulled in quite a bit of assets for them, and if you are to leave the firm and commissions have not paid out to you for a policy in under-writing, they keep the commissions, they don't send them to you. So why in the world, after I sold their products and made sure clients paid their premiums would they come after me now? A comapny with $2trillion of assets should realize that they sucked me and my family dry enough.