Allstate Insurance – Salt Lake City, UT
Allstate® Good Work. Good Life. Good Hands.® Voted one of the Worlds Leading Top 100 Companies by Forbes magazine Do you have a passion for… Allstate Insurance
Allstate Insurance – Draper, UT
Do you have a passion for helping others? Do you have strong organizational and time management skills? And looking to accelerate your career at a… Allstate Insurance
Doesn't RecommendNegative Outlook
- Work/Life Balance
- Culture & Values
- Career Opportunities
- Comp & Benefits
- Senior Management
I have been working at Allstate full-time (Less than a year)
Be your own boss, set your own hours, choose which days to work, etc. Upside potential is unlimited. Many levels of recognition available.
Platform is that you are partnered with property & casualty agents to increase their life insurance / financial services penetration by referring existing clients. Problem is, these agents are tracked on so many different metrics that obtaining the minimum is what 90% of agents strive for. If they don't meet their monthly requirement the P&C agents pay is reduced by 10%, which means that they will refer you just enough to write one policy that has $300 per year in premium. I have 7 agents that I work with, and small policies like these don't even cover my bills, let alone allow me to have a comfortable lifestyle. Recruiter told me that first year EFS's make $70k, and that the average EFS makes $180k. This is extremely incorrect, the first year $70,000 selling point is actually your goal for production credit not what you get paid. If you sold $70,000 in your first year your pay would be about $45,000. Same thing with the $180,000; if you produced $180k annually you would make $120,000 which isn't bad, but it definitely is not $180k in your pocket. The "average" EFS production of $180k is also skewed, there are mega-performers here who have been set-up with the only good agents in the state who produce $400-900k in production credit that make the average anything but. The true "average" EFS" does about $120,000 in production credit and makes about $80k per year. Not a bad living, but for the amount of work / stress / etc. it is not good as they offer you no benefits, no 401k match, no health, dental, NOTHING. The recruiter makes it seem as though it doesn't matter that you receive no benefits because you will be swimming in money, but thanks to Obamacare, my high-deductible monthly premium is $750.
Advice to Management
The "flavor of the month" initiatives get old really fast. Stay consistent. Be honest in the recruiting process. Actually offer training / assistance to new / existing employees. Any issue we come across is basically handled by saying "figure it out".