Insurance agency entry points
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Farmers Insurance offers multiple programs You can Build or Buy an agency.
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Insurance agency entry points
- 1. www.farmersinsurance.careers Donald Swanson, Insurance Agency, INC. President of Agency Operation 1011 Camino Del Rio South, Suit 100 San Diego, CA 92108 Tel. 619.296.3276
- 2. A joy of becoming an Farmers AGENCY OWNER • Support from a District Manager , and our business team • Comprehensive training and business development • Lead generation & agency start-up cost support • Benefit for you, your family and staff • The ability to open multiple office location On FARMERS INSURANCE 1011 Camino Del Rio Suit 100 San Diego, CA 92108 Tel 619.296.3276 www.farmersinsurance.careers Donald Swanson, LUTCF President
- 3. Insurance Agency Entry Points 1. Retail Designed for entrepreneurs seek- ing maximum ROI 2. Acquisition Purchase an established agency based on your investable assets or income needs 3. Grant/ Assigned Agencies Well qualified candidates could receive revenue with- out having to purchase existing location 4. Protégé or Associate Agent FARMERS INSURANCE 1011 Camino Del Rio Suit 100 San Diego, CA 92108 Tel 619.296.3276 www.farmersinsurance.careers Donald Swanson, LUTCF President
- 4. www.farmersinsurance.careers Why become a Farmers Agency Owner? RETAIL AGENCY The Retail program is designed for capitalized entrepreneurs seeking a start-up opportunity that maximize their ROI and provides the financial sup- port to rapidly grow. The Process Capital Requirement Minimum of $50,000 in sea- soned investable assets ( Checking account, Line of credit, IRA, and 401(K)s ) Licensing and Training Property and Casualty , Life and Health and Approved financial advisor applica- tion required prior to agent appointment Background Check Satisfactory background check is required Business Plan Approval of 5-year business plan and cash flow projection Branded Office Location Office location fully equipped and compliant with Farmers SMART Office standards Agency Staff Minimum of 1 licensed and appoint- ed agency staff member ( with second licensed and appointed staff required within 6 months of appointment)
- 5. www.farmersinsurance.careers Why become a Farmers Agency Owner? The Benefits • Economic Interest Contract Value according to the terms of the ap- pointment agreement • Sale of Service and Commission Rights Opportunity to sell service and commission rights • Up to $6000 Exterior Branding Bonus • $ 5000 Signing Bonus • Monthly Bonus Based on Net NB Commissions $500 per month up to 36 months • Annual Bonus Based on Net NB Commissions Bonus opportunity based on applicable 12- month net new business commissions and ap- plicable production for up to three years Bonus based on Life and Commercial commis- sions subject to specified maximum amounts • Bonus Based on Reserve or Associate Program Net NB Commissions One time bonus based on net new business commissions Bonus based on Life and Commercial premiums
- 6. www.farmersinsurance.careers FARMERS SUPPORT SOLUTIONS Why become a Farmers Agency Owner? ACQUISITION PROGRAM The Agency program provides Lucrative financial incentives to capi- talized external candidates to facilitate the purchase of service and commission rights from existing Farmers agencies with less than 1,000 policies in force. The Process Capital Requirement Minimum of $70,000 in seasoned investable assets ( Checking account, Line of credit, IRA, and 401(K)s ) Licensing and Training Property and Casualty. Life and Health and Approved financial advisor application required prior to agent ap- pointment agreement vested %20 per year for 5 years Background Check Satisfactory results of background check Business Plan Approved of 5– year business plan and cash flow projection Agency Staff Minimum of 1 licensed and appointed agency staff member
- 7. www.farmersinsurance.careers Why become a Farmers Agency Owner? The Benefits • Economic Interest Contract Value according to the terms of the ap- pointment agreement • Sale of Service and Commission Rights Opportunity to sell service and commission rights • $ 6,000 Exterior Branding Bonus • $5,000 Signing Bonus • Monthly Bonus Based on Net NB Commissions $300 per month up to 36 months • Annual Bonus Based on Net NB Commissions Bonus opportunity based on applicable 12- month net new business commissions and ap- plicable production for up to three years Bonus based on Life and Commercial commis- sion s subject to specified maximum amounts • Bonus Based on Reserve or Associate Program Net NB Commissions One time bonus based on net new business commissions Bonus based on Life and Commercial premiums
- 8. www.farmersinsurance.careers FARMERS SUPPORT SOLUTIONS Why become a Farmers Agency Owner? SEED The SEED program is a unique and powerful succession planning tool that provides the ability to transfer partial commission rights of existing policies to qualified external candidates. The candidate re- ceive the benefit of immediate revenue without the cost of acquisi- tion while Farmers preserves the existing location . The Process Capital Requirement Minimum of $50,000 in seasoned investable assets ( Checking account, Line of credit, IRA, and 401(K)s ) Licensing and Training Property and Casualty, Life and Health and Approved financial advisor application required prior to agent ap- pointment agreement vested %20 per year for 5 years Background Check Satisfactory results of background check Business Plan Approved of 5– year business plan and cash flow pro- jection Agency Staff Minimum of 1 licensed and appointed agency staff member The Benefits Economic Interest Contract Value according to the terms of the ap- pointments agreement vested %20 per year for 5 years Office Start-Up Program Up to $10,000 bonus for office startup ex- penses Commission Enhancement Opportunity cross sell policies and earn full commission rights and ability to purchase full commission rights after 2 years
- 9. www.farmersinsurance.careers FARMERS SUPPORT SOLUTIONS Why become a Farmers Agency Owner?PROTEGE • The Protégé Agency Producer 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 owner. • As a Protégé you will learn from an experienced indus- try professional as well as have access to the award- winning University of Farmers training program that is designed to help enhance your knowledge and intro- duce you to tools that may help you grow as business owners should you one day own your own Farmers agency. Opportunity For Agency Ownership Grant/Assigned Agencies The protégé Agency Producer will have 12 months to complete all eligibility requirements. When a protégé meets all applicable legibility require- ments, they will have the opportunity to become an agency owner. The investable asset require- ments will be waived. Well qualified candidates could receive revenue without having to purchase an agency. This could be your opportunity to continue a Legacy!
- 10. VALUE ADDED BENEFITS This is our value proposition to you: When an agent contract ends, CONTRACT VALUE /EQUITY payments may be made to the agent. In addition, agents have the ability to sell all or any part of their Services & Commission Rights to an approved buyer . On FARMERS INSURANCE 1011 Camino Del Rio Suit 100 San Diego, CA 92108 Tel 619.296.3276 www.farmersinsurance.careers Donald Swanson, LUTCF President
- 11. Looking for a career in the Insurance and Financial Service Industry? Wanting to start an Investment and build equity ? We will help you succeeded Give us a call and we will help you 619.296.3276 https://recruitment.farmers.com On FARMERS INSURANCE 1011 Camino Del Rio Suit 100 San Diego, CA 92108 Tel 619.296.3276 www.farmersinsurance.careers Donald Swanson, LUTCF President