Job Description

Job Description

Job Description

Join the entrepreneurs – Partner with one of the largest and most-respected insurance brands in the country. We are searching for a qualified candidate who is interested in owning their own business and partnering with our Greater Chicago District Office to grow and develop a client base in your area. We have multiple ways in which an individual can become a business owner, however no matter which route you choose, you would take part in our training program, and will have our District Resources to help you grow your agency.

Our Greater Chicago District Office Team is dedicated to assisting you every step of the way. We offer an award-winning training program, and bring over 95 years of experience in developing successful Agencies.

Build a legacy for yourself and your family - while representing a Fortune 500 Brand

Your agency builds Equity — An added benefit is the ability to develop substantial monetary equity, known as Contract Value. Contract Value is where Farmers Insurance will purchase back your renewable income at a vested multiple, determined by our written agreement.

The Insurance Agency Owner Program is designed to give seasoned, well-capitalized professionals a turn-key system to quickly build a start-up Farmers Agency. We also have established books of business available in the Chicagoland area for acquisition for those looking to open their agency with guaranteed renewal revenue.

This is an exceptional opportunity to build your own business. You will represent our diversified portfolio of Personal Lines Auto & Property Insurance, Commercial Property & Casualty Insurance, and Life & Financial products. Our more than 60 products allow multiple sales to the same household, increasing client retention and commissions.

As a Start-Up Agency, you will earn bonuses on top of your commissions out at a much higher rate than typical agencies , including a $10,000 Start-up Bonus, $300/month in marketing bonuses for up to 36 months, plus a lucrative monthly bonus of up to 300% of earnings.

Farmers Offers:

• Comprehensive and award-winning training in all facets of the business
• The wide portfolio of insurance products
• Many unique points of entry, including Acquiring existing Books of business
• Outstanding and unlimited earning potential
• Experienced, supportive staff with expertise in marketing and all product lines including Life, Commercial, and Workers Comp
• Virtual Training is available
• Flexible hours, with the ability to work from within your community

Our flexible training program allows you to begin your career on a part-time or full-time basis. You will have office placement flexibility, and the ability to sell anywhere within Illinois. We're also the only major insurance company in the U.S. with a Family Rights Provision that allows you to one day pass your business on to a family member. There has never been a better time to be with Farmers, the fastest growing insurance company in America.

Responsibilities

• Present and sell insurance policies to new and existing clients
• Develop and calculate suitable plans based on clients' needs
• Resolve client inquiries and complaints
• Consistently market for new prospective clients
• Comply with insurance standards and regulations
• Track and identify areas of improvement

Qualifications

• Previous experience in insurance, sales, customer service, or other related fields is preferred but not required
• Successfully pass a Background Check
• Proven access to $70,000 in capital
• Ability to build rapport with clients
• Consultative sales approach
• Strong negotiation skills
• Excellent written and verbal communication skills
• Ability to prioritize and multitask
• Possess strong management skills

Benefits

• Ownership of commission rights
• Renewal Commissions With Farmers Friendly Reviews, policyholders will stay with you, year after year. Every time a policy renews, you earn a commission! As your agency base expands, more and more policies renew, and your commissions grow along with your business. Approximately 75% of an established agent’s income derives from renewal commissions.
• Your agency builds Equity An added benefit is the ability to develop substantial monetary equity, known as Contract Value. Upon retirement, you can collect your Contract Value as payment for the sale of your policies to either the company or on the fair market. Many agents use their Contract Value as a retirement nest egg. In addition, the Contract Value exhibits as collateral for personal loans from the Farmers Insurance Group Credit Union.
• Bonus Programs access to Office Start-Up Bonus, Agency Lead Generation Bonus, Monthly and Annual New Business Bonuses

To be considered for this opportunity, you must have access to $70,000 in capital (Liquid Assets, Line of Credit and Retirement Accounts Or Bank Loan). This is NOT A FEE. It simply tells us you have capital reserves to manage your life while transitioning to an Agency Owner.

Don't Have $70,000 in Liquid Assets? Not ready to become a Farmers Agency Insurance Agency Owner yet?

You can become a PROTEGE:

This program is designed to provide individuals an opportunity to grow their skills and business knowledge to become a Farmers agency owner while working for an existing Farmers agency manager/owner. When a Protege meets all applicable requirements, they will have the opportunity to become an agency manager/owner through any entry point available at that time. Investable asset requirements will be waved . The prospective agency owner will still be required to complete all other Farmers agency owner on-boarding requirements in place at the time.

JOB REQUIREMENTS

• Desire to be your own boss
• Good credit history (no recent bankruptcies, garnishments, liens, or collections over $1,000)
• Highly motivated and goal oriented
• Entrepreneurial spirit and desire to be paid what you are worth
• Outstanding networking and client relationship skills
• Professional, ethical, and honest
• Excellent time management and organizational skills
• Computer proficiency

Additional Benefits:

• Lead generation and agency start-up cost support
• Support from a District Manager, and our business team
• Comprehensive training and business development
• The ability to open multiple office locations and sell your agency to us when your contract ends
• Agency Marketing Package plus numerous campaigns that run all year long

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