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anybody ever worked for a new life insurance company?

have been offerd an interview with new life insurance company and was wondering if its a good thing or if I will go broke starting this job?

Public Comments

1. New life insurance companies are truely "startups" - usually. However not always. In other words, are they owned by, or a subsidiary of another larger company? If not, whom does own them? How and where did they get the necessary capital to start the company. Insurance companies are regulated on a state level and are required to have a certain amount of monies kept "reserves" - to pay claims. If you are going to be selling their product and paid a commission, how is it paid? Are the commissions "as -earned" or "advanced"? Also, how soon are these paid to you - upon submission of the application, at issue, or some other time. Hope that helps!
2. Also, who will be paying for your licensing training and who will be paying for your licenses. If your selling life insurance you also better work for a company that is going to be around to pay those claims.