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New York Life I insurance Salesman interview.?

Is this worth my time to drive 40 miles for an interview ? I've never sold life insurance before, and not sure if it's worth me driving 40 miles each way to get a "hyped" up lecture ect. on how great a job it is. Anybody experience with this would be greatly appreciated.

Public Comments

1. I do not know if you will get the job, but even if you do, there is no guarantee that you will make any money at it. Between 90% and 100% of all new insurance salespersons fail at it and have to leave the industry within a year because they are not making enough money to be able to keep selling insurance. Between 0% and 10% make enough money to be able to continue working in the field. The real question is not whether it is worth your time to drive 40 miles each way. That will take you under two hours, round trip, if you drive over 40 mph. The real question is whether it is worth spending several months of your time to learn whether you can make any money doing this type of work.
2. That depends entirely on you. Keep in mind that you are contemplating NY Life, so you will not be trained as merely an insurance agent, but as a comprehensive financial advisor. There is a HUGE difference! An insurance agent is nothing more a salesperson; and New York Life will not tolerate salespersons in their ranks. What you are training for is entry into a profession, no less critical or complex than medicine or law. In order to be successful, you will work harder than you have ever imagined yourself capable for at least 60 hours per week for at least one, but more likely 2-3 years. Then, you'll likely just begin to earn a livable wage. Within the next 1-2 years, you'll be easily into a six-figure income with an established practice. If you enter into this in a half-hearted fashion, failure is a guaranty. Are you up for the challenge? ADDED: Contrary to another post, this position is definitely not yours for the taking. Most NYL agencies are extremely selective. That poster is an insurance agent stuck in the insurance world, where sales by virtually any means are acceptable. In that environment, most won't make it, but anyone is allowed to try. That isn't the way it works in the world of financial professionals.
3. No, it's not. If you're breathing, and over 18, they'll give you the job. It's straight commission, you pay for your own licensing, and 95% of the people who try it, wash out. If you make it, that means you'll be dragging home about $50K the first year - working 80 hour workweeks. If you back into it, that's not even minimum wage, because there's no overtime pay!