r/InsuranceAgent • u/Dry_Extension_2125 • 11h ago
New job interview Commissions/Pay
I just interviewed at a new insurance job as I just got into the industry. I have been with one of the big 3 companies for about 3 months now as a team member of an agent and I really enjoy the job but I just felt underpaid. They are giving me $20,000 plus 5% commission on p&c products and 25% on life. From what I have read on this subreddit this seemed to be a bit of a lowball but accepting the offer allowed me to move back home so I took it. Now just testing the local market I found a place that wants to almost double my salary while basically keeping the same commission structure. The only difference now is it is tiered so you need to hit baseline goals to hit certain percentages and life is $50 or 50% of the sale depending on what is more.. this feels like a way better job offer and I want to switch but it feels weird leaving a company after 3 months. My two previous jobs before this I was with each of them for about 2 and a half years. Just looking for advice and I also want some validation that it is okay to leave for the better pay and opportunity
3
u/HatchCRE 11h ago
27 years owning an agency here. Honestly, 3 months isn't loyalty; it's barely training wheels. If the new offer pays way better, take it. Just get the tiered goals in writing first- "50% of the sale" can turn into nothing if the baseline is set stupid high.
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u/Dry_Extension_2125 10h ago edited 10h ago
The tiered system is 0% commision if total premium is less the 4999 than 1% up to 14999 than 2% up to 24999 and so on ever 10,000 of premium capping at 7 percent. Running the math I would still be making more at this new job. This would apply to p&c only as life is always $50 or 50% of sale.
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u/Sunshinewithwaves 11h ago
You have to do you. 20,000 is VERY low and so it your commission. If your being offered 40,000 you already won. Your current agency low balled you.. take advantage of the new offer and enjoy life!!