Insurance Sales Agent

The Retail program is crafted for passionate entrepreneurs aspiring to become agency owners. It offers vital support that empowers you to expand your business with customized resources, comprehensive training, and expert guidance, helping you shine in agency ownership and succeed in a competitive landscape.

Requirements

Capital Requirement

● Minimum of $100,000

Background Check

● Satisfactory results of background check

Licensing and Training

● Property, Casualty, Life, and Health licenses prior to full-time appointment

● University of Farmers® training program

Branded Office Location

● Office location at time of full-time appointment

● Fully equipped and compliant with Farmers® brand standards

Agency Staff

● Minimum of two licensed and appointed agency staff members at full-time appointment

Benefits

Economic Interest

● Contract Value according to the terms of the appointment agreement

Sale of Service and Commission Rights

● Opportunity to sell service and commission rights

Exterior Branding Bonus

● Provides initial exterior branding for approved office location up to a $6,000 maximum possible bonus amount

Signing Bonus

● $5,000 bonus following full-time appointment

Bonus Based on Reserve Program Net NB Commissions

● One-time bonus based on applicable net new business commissions while on the Reserve Agent Program

● Bonus paid subject to specified maximum amount

Monthly Lead Opportunity Program

● Up to $500 per month in Agency Growth Program lead opportunity credits if program qualification goals are met

Monthly Bonus Based on Net NB Commissions

● Bonus opportunity based on applicable monthly net new business commissions and applicable production for up to three years

● Bonuses based on Life and Commercial commissions are subject to specified maximum amounts

Annual Bonus Based on Net NB Commissions

● Bonus opportunity based on applicable 12-month net new business commissions and applicable production for up to three years

● Bonuses based on Life and Commercial commissions are subject to specified maximum amounts