Insurance Agent / Agency Owner

  • Job Reference: 1321548883-2
  • Date Posted: 11 May 2024
  • Recruiter: FARM BUREAU INSURANCE
  • Location: South Lyon, Michigan
  • Salary: On Application
  • Sector: Marketing
  • Job Type: Permanent

Job Description

Compensation:

  • As an Agency Owner, you have unlimited income potential (this role is commission-only with generous start-up funds).
  • $48,000 Start Up Fund & $12,000 Business Accelerator Fund to expedite the growth of your book of business.
  • New Agents can earn up to 3x new business commission in the first 5 years

Travel: Must be willing to travel throughout Southeast Michigan.

Job Type: Full-Time 1099 contract position


The Benefits of Being a Farm Bureau Agent / Agency Owner:

  • $48,000 Start Up Fund ($4,000 a month for first 2 months of training) plus a $12,000 Business Accelerator Fund
  • Earn up to 3x new commission for the first 5 years (i.e. $1,000 in base commission earnings in a month = $3,000 in paid commissions by the company!)
  • Residual Income - get paid on writing a policy and it's renewal.
  • Flexible hours, control of your time & no working holidays.
  • Group health benefit plans available.
  • Percentage of Marketing expense reimbursement.
  • Extensive training and support from our regional team, including a dedicated mentor
  • Market at your discretion.
  • Business Ownership perks including owning your own business, creating your own hours, tax write offs, flexibility, etc.
  • Vested after 66 months (ability to sell your book of business on the open market.)
  • Paid professional office space and a customer service representative on-site for the first year.
  • Continual professional development in sales, product, marketing, and customer service.
  • $2,000 of business accelerator fund is set aside for Agent to contribute towards Ending Childhood Hunger, through our Agent Charitable Fund.
  • For every policy bound $1 will be donated to help End Childhood Hunger in Michigan.
  • Plus additional bonuses, luxury trips, and recognition!

Insurance Sales Agent / Agency Owner Role Summary:

We are rapidly growing operations in southeast Michigan and offering a lucrative pathway into one of the most profitable industries in the U.S. Best part is that you do NOT need any insurance experience. We will provide the tools, training, resources, and environment required to become a highly successful Agency Owner.

You will join a team of business owners representing a Michigan-owned and operated company with a business model that maximizes cash flow and residual income opportunities while providing the financial support to grow rapidly. You will become a trusted advisor in your community, inspiring the dreams of your clients by helping them protect what matters most. You will be in business for yourself, but not by yourself with business and peer coaching from successful Agents and Managing Partners. Our New Agent Development program is designed to provide you the freedom to earn while you learn and develop into your career.

We have seen people from all backgrounds do very well in this industry and a large portion of that is due to the training and assistance we provide. You are in control of all the aspects of the business, you work your own hours and all with our help and guidance. Why not work towards a legacy (income) that you will be able to pass down to your children, grandchildren and future generations one day?

Insurance Sales Agent / Agency Owner Role Responsibilities:

  • Provide comprehensive personal insurance policies (including home, auto, boat, umbrella, and life insurance) to individuals, and commercial insurance policies to small and mid-sized businesses
  • Explore opportunities to offer additional coverage such as health insurance and unique insurance licenses (e.g., luxury car insurance)
  • Expand and manage your team of sales professionals and customer service representatives to increase your book of business and ensure effective account service
  • Assist clients with inquiries and guide them through the renewal process, adopting a comprehensive advisory approach rather than focusing solely on cost
  • Focus on building long-lasting client relationships, providing educated advice on insurance plans that best suit their needs

Insurance Sales Agent / Agency Owner Requirements:

  • Willingness and ability to take and pass the exam to obtain a Michigan State Life & Health License
  • Excellent communication skills, including both written and verbal
  • Good at building long-lasting relationships
  • No business bankruptcies within the last 12 months and no prior felony convictions (must be able to pass our background check requirements)
  • Interest in insurance and educating customers on their plan options

Why Work for Farm Bureau Insurance of Michigan:

At Farm Bureau Insurance we're dedicated to serving Michigan - and only Michigan. We were founded in 1949 by Michigan farmers-members of Michigan Farm Bureau-who wanted an insurance company that worked as hard as they did, gave honest service, and cared about Michigan's future. Today, our 450+ agents across Michigan provide a full range of insurance services-life, home, auto, farm, business, retirement, Lake Estate , and more-protecting nearly 500,000 Michigan policyholders. We look forward to growing, helping more people in our communities, and protecting generation after generation of Michigan residents.

Our Multiple Awards and Recognitions Include:

  • Ranked "Top Michigan Workplaces" by Detroit Free Press for 2023
  • Top 100 Insurance Companies by National Underwriter
  • Ward's Top 50 Life-Health Companies 28 times out of 33 years
  • Ward Group's "Superior Rating" for Personal Lines Claims customer experience
  • Excellent (A) rating with A.M. Best Company
  • Top 5 Insurance Provider by CRASH Network
  • A+ Rating with The Better Business Bureau

Below is a video to learn more about our Ann Arbor, MI Agent Development Office Grand Opening in October 2023!

We are proud to be an equal-opportunity employer. We provide equal employment opportunities to all employees and applicants for employment and prohibit discrimination and harassment of any type without regard to race, color, religion, age, sex, national origin, disability status, genetics, protected veteran status, sexual orientation, gender identity or expression, or any other characteristic protected by federal, state or local laws.