COUNTRY Financial

  www.countryfinancial.com
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2 people found this helpful  

Good place to learn, not a place to embark a career.

  • Comp & Benefits
  • Work/Life Balance
  • Senior Management
  • Career Opportunities
Current Employee - Financial Representative  in  Henderson, NV
Current Employee - Financial Representative in Henderson, NV

Pros

Country is actually a good company to work for if you never had any insurance and financial experience. I considered their training to be superb and their intentions to be the "best provider of financial security in America" genuine.

Cons

However, not in Southern Nevada. Country is a very conservative company that is not willing to make hard decision in order to grow. Their products are no different than what can be obtained from other major insurance carriers at a fraction of the cost. This makes selling insurance and financial services extremely difficult with them. No name recognition and rates that are so out of reach of most people, it does not matter how hard their financial representatives try. Their affiliation with the Farm Bureau is detrimental to both the financial representatives and clients. The client has to maintain a membership with the Nevada Farm Bureau in order to be eligible for insurance with them. If the client forgets to pay their $15 membership, Country will cancel the policies. This affects the client with the Nevada DMV which in turn will fine the client for the lapse in coverage. Ultimately, representatives miss their benchmarks due to lack of production because they are unable to write new business and are too busy fixing mistakes from previously fired representatives. Retention rate after one year is most likely less than 10%.

Advice to ManagementAdvice

1. Get rid of the Farm Bureau membership requirement. It creates tension between the client and the representative.
2. Be realistic when hiring new Financial Representatives. Promising future representatives to make at least $100,000 in income per year after three years is unrealistic.
3. Take advice from experienced representatives. They have been around long enough to know that you are just going to be here for the next 11 months before you fail for neglecting to ask for advice. It's sad to see new managers fail because they come in with grandiose ideas when they don't even know the local market.
4. Stop bringing managers from rurual mid-western America. Building a clientele is very different in a transient urban community like Southern Nevada compared to Southern Illinois.
5. Invest in new technology, the 1970's have long passed. DOS based systems are no longer adequate or productive.
6. Good luck!

Doesn't Recommend
No opinion of CEO

Other reviews for COUNTRY Financial

  1.  

    A wonderful learning experience

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Former Employee - Intern  in  Bloomington, IL
    Former Employee - Intern in Bloomington, IL

    Pros

    They are accommodating to re-locating, the environment is great to work in, people tend to stay with the company for a long time.

    Cons

    They are currently on a hiring freeze, many employees would like to have the opportunity to explore other fields

    Recommends
    No opinion of CEO
  2. 1 person found this helpful  

    Interesting place to work, but frustrating due to lack of flexibility in formula for success. Changing agent goals yrly

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Current Employee - Financial Representative  in  Chicago, IL
    Current Employee - Financial Representative in Chicago, IL

    Pros

    Base plus training great in comparison to the rest of the industry. If you want to be a P&C agent, there's no better place.

    Cons

    Churn through agents. No recognition of skill set by employer. Strictly developing P&C agents. Management tone deaf to experience of agents.

    Advice to ManagementAdvice

    Financial service specialists should have a place at the company that's separate from P&C. I had several large financial cases that I was close to landing when I was dropped because of poor P&C production.

    No opinion of CEO
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