Combined Insurance

Great place for a sales career! - Senior Account Executive Combined Insurance Employee Review

4.0

Dec 1, 2016

Recommend

CEO approval

Business Outlook

Pros

Combined offers Agents a W-2 employment opportunity, rather than a 1099 Independent Contractor position. This means no self employment taxes paid by the agent! Also, we get offered a complete benefits package from our parent company, Chubb LTD! This includes a full benefits package like medical, dental, vision, matching 401K, life, AD&D, LTD, at least 4 award incentive trips per year, and an employees stock purchase plan at a 15% discount. A descent commission schedule with a nice monthly bonus based upon personal production. Lastly, personal freedom to work my own schedule without any micro management. And my income is not limited, but based upon what I am actually worth, based upon my personal production. All the awards are a very nice reward and incentive as well!

Cons

I would like to see the lifetime residuals made very simple based simply upon years of service of 5 years and 10 years with 50% and 100% vested respectively. Also, if an agent has 80% persistency, they should receive their full monthly bonus and not get docked 25% because they are not at 82%. In other words, lower the bar 2%. Lastly, the Annual Award winner needs to have 50% new face, no matter how much is produced. This means someone who sells 500K needs 250K in new face sales to win the award. If that person only had 200K in new face, they would lose the annual award to someone who only sold 300K with $150K in new face. That is unfair, so set the new face at a minimum, without the total APV requiring 50% new face.

Combined Insurance Response

Thank you for sharing this great positive review! We always appreciate hearing from our current employees. As you mention, we are pleased to offer our agents a comprehensive benefits package along with a virtually unlimited income potential. We also offer incentives like awards, bonuses, and trips. Our agents are responsible for setting up their schedules to best accommodate the needs of their customers. Thank you for offering these suggestions. We will share them with our sales leadership. We wish you all the best in your career here with us!

Great place for a sales career! - Senior Account Executive Combined Insurance Employee Review

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