Facebook shares sink 11 percent as reality overtakes hype(Reuters) - Facebook shares sank 11 percent in the first day of trading without the full support of the company's underwriters, leaving some investors down almost 25 percent from where they were Friday … More »Facebook shares sink 11 percent as reality overtakes hype
(Reuters) - Facebook shares sank 11 percent in the first day of trading without the full support of the company's underwriters, leaving some investors down almost 25 percent from where they were Friday and driving others to switch back to more established stocks. Facebook's debut was beset by problems, so much so that Nasdaq …
Yahoo clears a hurdle, sells Alibaba stake for $7.1 billionSHANGHAI/NEW YORK (Reuters) - Yahoo Inc will sell as much as half of its 40 percent stake in Chinese e-commerce powerhouse Alibaba Group for $7.1 billion, ending years of fractious talks over how to extract … More »Yahoo clears a hurdle, sells Alibaba stake for $7.1 billion
SHANGHAI/NEW YORK (Reuters) - Yahoo Inc will sell as much as half of its 40 percent stake in Chinese e-commerce powerhouse Alibaba Group for $7.1 billion, ending years of fractious talks over how to extract value from its most prized asset. Yahoo also increased its stock buyback authorization by $5 billion to $5.5 billion …
Home resales rise, boding well for economyWASHINGTON (Reuters) - Home resales rose in April to their highest annual rate in nearly two years and a falloff in foreclosures pushed prices higher, hopeful signs for the country's economic recovery. … More »Home resales rise, boding well for economy
WASHINGTON (Reuters) - Home resales rose in April to their highest annual rate in nearly two years and a falloff in foreclosures pushed prices higher, hopeful signs for the country's economic recovery. The National Association of Realtors said on Tuesday that existing home sales increased 3.4 percent to an annual rate of …
Tesco CEO turns down $590,000 bonusLONDON (Reuters) - Tesco boss Philip Clarke has opted not to take an annual bonus of about 372,000 pounds ($588,000) following a poor performance by the world's third-biggest retailer in its main British … More »Tesco CEO turns down $590,000 bonus
LONDON (Reuters) - Tesco boss Philip Clarke has opted not to take an annual bonus of about 372,000 pounds ($588,000) following a poor performance by the world's third-biggest retailer in its main British market. Shares in Tesco, which issued a shock profit warning in January, have lost almost a quarter of their value this …
- Fitch cuts Japan as politics hinders debt plan
TOKYO (Reuters) - Fitch cut Japan's sovereign credit status on Tuesday to the lowest level among global ratings agencies as a political stalemate dims the chance that the country can curb its snowballing … More »Fitch cuts Japan as politics hinders debt plan
TOKYO (Reuters) - Fitch cut Japan's sovereign credit status on Tuesday to the lowest level among global ratings agencies as a political stalemate dims the chance that the country can curb its snowballing debt. Fitch Ratings cut Japan's long-term foreign currency rating by two levels from AA to A plus, the fifth highest …
- Factbox: Three steps in the works to revive Europe's economy
(Reuters) - EU leaders meet for an informal summit in Brussels on Wednesday where France aims to push a proposal for metalizing European debt, but the heart of discussions will focus on ways to reignite … More »Factbox: Three steps in the works to revive Europe's economy
(Reuters) - EU leaders meet for an informal summit in Brussels on Wednesday where France aims to push a proposal for metalizing European debt, but the heart of discussions will focus on ways to reignite economic growth across the continent. ...
Insight: Morgan Stanley cut Facebook estimates just before IPO(Reuters) - In the run-up to Facebook's $16 billion IPO, Morgan Stanley, the lead underwriter on the deal, unexpectedly delivered some negative news to major clients: The bank's consumer Internet analyst, … More »Insight: Morgan Stanley cut Facebook estimates just before IPO
(Reuters) - In the run-up to Facebook's $16 billion IPO, Morgan Stanley, the lead underwriter on the deal, unexpectedly delivered some negative news to major clients: The bank's consumer Internet analyst, Scott Devitt, was reducing his revenue forecasts for the company. The sudden caution very close to the huge initial …
Apple still dominates world's top brands: study(Reuters) - Apple has maintained its place as the world's most valuable brand over the past year, leading a group of technology-related companies that dominate the top 10, according to a study published … More »Apple still dominates world's top brands: study
(Reuters) - Apple has maintained its place as the world's most valuable brand over the past year, leading a group of technology-related companies that dominate the top 10, according to a study published on Tuesday. The iPhone and iPad maker has boosted its brand value by 19 percent in the past year to $183 billion, or 37 …
Facebook shares hit again as valuation doubts riseNEW YORK (Reuters) - The selloff in Facebook's shares deepened on Tuesday, as investors continued to question the stock's valuation after Reuters reported that underwriters cut their revenue forecasts … More »Facebook shares hit again as valuation doubts rise
NEW YORK (Reuters) - The selloff in Facebook's shares deepened on Tuesday, as investors continued to question the stock's valuation after Reuters reported that underwriters cut their revenue forecasts for the company before the IPO. [ID:nL4E8GM35V] Facebook's shares hit a low of $30.98 on Tuesday, 8.9 percent below Monday's …
Wall Street rebounds, but investors dump FacebookNEW YORK (Reuters) - Stocks rose more than 1 percent on Monday, with the S&P 500 snapping a six-day losing streak in a rebound from equities' biggest weekly drop in almost six months, but Facebook slumped … More »Wall Street rebounds, but investors dump Facebook
NEW YORK (Reuters) - Stocks rose more than 1 percent on Monday, with the S&P 500 snapping a six-day losing streak in a rebound from equities' biggest weekly drop in almost six months, but Facebook slumped in its second session after a disappointing debut. Tech shares were among the day's biggest gainers, with an S&P sector …
Wall Street up on banks, housing dataNEW YORK (Reuters) - Stocks rose on Tuesday, led by financial and housing shares, after home resales rose in April to their highest annual rate in nearly two years in another sign that the housing market … More »Wall Street up on banks, housing data
NEW YORK (Reuters) - Stocks rose on Tuesday, led by financial and housing shares, after home resales rose in April to their highest annual rate in nearly two years in another sign that the housing market may be on the road to recovery. But gains were capped as Facebook shares lost about 20 percent of the online social network's …
Exclusive: U.S. lets China bypass Wall Street for Treasury ordersNEW YORK (Reuters) - China can now bypass Wall Street when buying U.S. government debt and go straight to the U.S. Treasury, in what is the Treasury's first-ever direct relationship with a foreign government, … More »Exclusive: U.S. lets China bypass Wall Street for Treasury orders
NEW YORK (Reuters) - China can now bypass Wall Street when buying U.S. government debt and go straight to the U.S. Treasury, in what is the Treasury's first-ever direct relationship with a foreign government, according to documents viewed by Reuters. The relationship means the People's Bank of China buys U.S. debt using …
Nissan aiming for 10 percent of China luxury car marketHONG KONG/BEIJING (Reuters) - Nissan Motor Co Ltd said it aims to triple global sales of its premium Infiniti brand by 2016 and take 10 percent of China's luxury vehicle market, challenging leaders like … More »Nissan aiming for 10 percent of China luxury car market
HONG KONG/BEIJING (Reuters) - Nissan Motor Co Ltd said it aims to triple global sales of its premium Infiniti brand by 2016 and take 10 percent of China's luxury vehicle market, challenging leaders like Audi AG and Mercedes Benz maker Daimler AG. Infiniti on Tuesday became the first global car brand to open a headquarters …
India faces mass default and restructuring as devaluation loomsSINGAPORE, May 22 (IFR) - India's mounting economic and political woes are prompting market players to raise the specter of a Greek-style crisis in Asia's third largest economy. This is not simply idle … More »India faces mass default and restructuring as devaluation looms
SINGAPORE, May 22 (IFR) - India's mounting economic and political woes are prompting market players to raise the specter of a Greek-style crisis in Asia's third largest economy. This is not simply idle speculation. Last Friday, the rupee crashed to an all-time low against the dollar of 54.9 and it was stuck most of Tuesday …
Citigroup says cautious on U.S. small-, mid-cap cos(Reuters) - Citigroup said it has a cautious view on the U.S. small-and mid-cap companies on concerns over earnings pressure in the second half amid the euro zone crisis and the political uncertainty in … More »Citigroup says cautious on U.S. small-, mid-cap cos
(Reuters) - Citigroup said it has a cautious view on the U.S. small-and mid-cap companies on concerns over earnings pressure in the second half amid the euro zone crisis and the political uncertainty in the United States. Analyst Scott Chronert downgraded the small and mid-cap technology sector to "market weight", saying …
Question
Selling Life Insurance for Family Heritage Life?
I put my resume in on hotjobs.com as a sales Representative.... mainly because I wanted to get into Pharm. Sales, but I received an e-mail today from Family Heritage Life asking me to come in for an interview. For one-- it seems too easy, so I'm wondering if this is legit or not. It gives me a time and a place for the interview and I know exactly where the place is and it gives me the name of the person interviewing me. And it gives me a list of what they offer ($40-$60K 1st year potential (No Experience), $75-$150K 1st year potential (Management Experience), Sales and Management bonuses , Stock ownership, Lifetime residual income with vesting after 2 years)....
In my job hunting experience... I know it couldn't be this easy. Perhaps though they're going to interview all KINDS of people. I DO have a degree but it is in Biology... so I dunno. Is it worth my time and effort or should I continue searching other places?
Best Answer
Some insurance companies operate like a Multi-Level Marketing company (I've never heard of Family Heritage Life though), where they will recruit pretty much anyone, let you sell to your friends and family and if you do well you keep rollin'. If you don't you burn out and quit the business within the first year (which happens to 90% of the newbies), and the company rakes in the profit becuase they are still getting the premiums, but they don't have to pay out as much in commissions.
Key words in your question are POTENTIAL. If it's not salaried you also have the POTENTIAL to not make a single dime...which is more often than not for new people. In this industry the first 5 years you get underpaid for the work you do, the next 5 years you get paid what you should and after 10 years you get overpaid. It all depends on what types of people you know. I was told that there was the potential to make $100,000 plus in your first year, I made roughly $20,000 in my first year.
If you don't have an interest or a passion for financial matters I would suggest you keep on looking. If you don't have passion for what you're doing the 'honeymoon' stage will fade away and you'll want out anyways.
I'm in the industry and I absolutely love it, but I've always been interested in building my own business and in money and how it works. I actually wanted to get into this industy, not every one is like that and I've seen a few people get 'burned' and go broke becuase they didn't know what they were getting into (just like the chances anyone has that starts a business really)
Other Answers
Well that offer sounds like a commissioned sales job. If you can indeed sell their product successfully then they will be happy to reward you with everything they promise. Only very few people that get hired for sales jobs are successful in making a living income doing it. Most people sell a few policies and quit after they discover that it is not as easy as it may have appeared at first. This works really well for the insurance companies since they keep the policies for the long term without having to keep compensating the agents with a short lived career.
Source(s)
by Thomas M - 4 years ago
