Vantaggi
High commission and freedom to make your own schedule because you are 1099ed and are your own boss- you can work 1 day a week or 7 days a week if you choose. Also you have contracts with multiple different insurance carriers so you can actually honestly find a client the best deal based on their health.
Svantaggi
It was an extremely expensive career to get started and there's not enough hands on training it is mostly listening to audio recordings. Essentially you have your own business through them- so you have to pay for your leads and the leads are extremely expensive, more so than any other IMO life insurance company which they justify by the fact that they do pay higher commission than the others but to start out having never done this before, plan on having at least $5000 at your disposal to start with. Once you buy the leads that range from $30-$60 each you then have to call them to set up appointments which is easier said than done because no one answers the phone anymore and on top of that the leads that you're buying for $30 each are extremely misleading- the final expense leads are sent out to low income people over 50 and the way they are worded makes it sound like it's free. Then there are online leads you can buy from them that come from facebook ads or a company called Eversource- all of which are terrible because most of the time the contact information is wrong- people are going online in the hopes of finding life insurance quotes not understanding that they have to actually sit down in front of an agent to get an accurate quote so they put in non working phone numbers and you don't get reimbursed for bad leads with no contact info! I went broke and lost everything trying to do this business. My "mentor" who made over $250K/year did not help me to get started other than giving me leads that were over a year old to call. One of the biggest problems I had is the fact that it was so misleading- I didn't understand why we couldn't just be transparent that we were selling life insurance. Because if you are actually able to make appointments through the phone then you're driving all over the state to meet with people and I cannot tell you how many times it happened that I got there and the person had no idea the form they filled out was for life insurance, or they thought that it was for free, already had it or didn't want it. Plus, the mortgage leads that are about $60 each because they are the highest paid commission get sold to multiple different companies/agents (even when they say they're exclusive they most certainly are not because the lead companies are in the business of selling leads.) The cheapest facebook ads are $300 for 20, and that's the minimum- the best I ever did was contact 3 out of 20 because again, it's the internet and people put in false contact information because they just want a quote they don't want to talk to anyone. Some people do very well in this business but the majority fail. If you don't mind sitting on the phone and dialing for hours and hours harassing and hounding people to get appointments which they train you to not tell people what it is, (they train you to have that call be under a minute, short and sweet and just book the appointment), driving all over the place all day, talking about death and being an extremely aggressive sales person (borderline unethical from what I witnessed), all while spending thousands of dollars on leads, then you might do well in this business. Everyone else goes broke.