Job Description

The Farmers Insurance district office of northern Colorado is looking to ADD NEW FARMERS INSURANCE STOREFRONTS IN FORT COLLINS, LOVELAND, TIMNATH, AND JOHNSTOWN COLORADO to accommodate growth in the area. IF YOU HAVE ALWAYS DREAMED OF OWNING AND OPERATING YOUR OWN BUSINESS, THIS IS THE OPPORTUNITY FOR YOU!

FARMERS INSURANCE RECENTLY DEVELOPED A NEW PROGRAM FOR EXECUTIVE, ENTREPRENEURIAL BUSINESS PROFESSIONALS THAT ALLOWS QUALIFIED APPLICANTS THE OPPORTUNITY TO BUILD AND OPERATE THEIR OWN FARMERS INSURANCE STOREFRONT. THIS PROGRAM IS A 3 YEAR PROGRAM WITH MASSIVE INCENTIVES OFFERED FOR RAPID GROWTH. WORK FOR YOURSELF AS AN INDEPENDENT CONTRACTOR WITH THE HELP AND SUPPORT OF A 90 YEAR OLD, FORTUNE 500 COMPANY THAT OFFERS NOT ONLY INSURANCE, BUT FINANCIAL PRODUCTS AS WELL! FARMERS' RETAIL PROGRAM IS THE MOST AGGRESSIVE PROGRAM EVER OFFERED BY THE COMPANY!

THE FARMERS INSURANCE RETAIL PROGRAM FIRST YEAR POTENTIAL INCOME:

• The below agent would receive $219,600 in non-repayable Retail bonuses for achieving a total of $60,000 in applicable net NB commissions during the first year!

TOTAL FIRST YEAR BONUS AND NET NB COMMISSIONS PAID:

• Q1: $15,000 + 300% or $45,000 + $900 = $60,900
• Q2: $15,000 + 300% or $45,000 + $900 = $60,900
• Q3: $15,000 + 300% or $45,000 + $900 = $60,900
• Q4: $15,000 + 300% or $45,000 + $900 = $60,900
• $60,000 + $180,000 + $3,600 + 60% or $36,000 = $279,600!!

THE FARMERS INSURANCE RETAIL PROGRAM:

THE RETAIL PROGRAM IS DESIGNED TO ATTRACT CAPITALIZED ENTREPRENEURS SEEKING A START-UP OPPORTUNITY THAT OFFERS FINANCIAL SUPPORT TO HELP THE AGENCY OWNER BUILD THEIR BUSINESS.

THE BENEFITS

Economic Interest

• Contract Value according to the terms of the appointment agreement
• Access to group health, dental, and vision plans

SALE OF SERVICE AND COMMISSION RIGHTS

• Opportunity to sell service and commission rights

AGENCY START-UP BONUS

• $7500 SIGNING BONUS for establishment of branded office location within a specified time period after appointment
• $6000 BONUS FOR EXTERIOR SIGNS (UP TO)

MONTHLY MARKETING BONUS

• $500 PER MONTH

MONTHLY BONUS BASED ON NET NB COMMISSIONS

1. Bonus opportunity based on applicable monthly new business Agent Eligible Premium for up to three years
2. Bonuses based on Life and Commercial commissions subject to specified maximum amounts

ANNUAL BONUS BASED ON NET NB COMMISSIONS

1. Bonus opportunity based on applicable 12-month net new business commissions and applicable production for up to three years
2. Bonuses based on Life and Commercial commissions subject to specified maximum amounts

BONUS BASED ON RESERVE OR ASSOCIATE PROGRAM NET NB COMMISSIONS

1. One-time bonus based on net new business commissions while on the Reserve Agent Program or Associate Agent program
2. Bonuses paid subject to specified maximum amounts

THE PROCESS:

CAPITAL REQUIREMENT:

$50,000

• ELIGIBLE LIQUID ASSETS (100% CONSIDERED TOWARDS REQUIREMENT)
  • Checking, Savings, and Money Market
  • Certificates of Deposit
  • Marketable Securities
  • Non-Qualified Annuities
  • Life Insurance Cash Value
  • Liquid Trusts
  • Roth 401(k) Principle
  • Roth IRA Principle
  • Other Liquid Assets
• ELIGIBLE RETIREMENT ACCOUNTS (50% CONSIDERED TOWARDS REQUIREMENT)
  • 401Ks
  • IRAs
  • Qualified Retirement Programs
  • Qualified Annuities
  • Qualified Funds
  • Other Retirement Accounts
• LINES OF CREDIT (100% CONSIDERED TOWARDS REQUIREMENT)

BACKGROUND CHECK:

• Satisfactory results of background check
  • No felonies
  • No bankruptcies (will be eligible 12 months after filing date)
  • Outstanding leans, judgements, charge off accounts, collection accounts, and past due accounts credit issues must amount to $1,000 or less cumulatively

LICENSING AND TRAINING REQUIREMENTS:

1. Property, Casualty prior to agent appointment (Life, and Health licenses required by month 6)
2. Training program through the University of Farmers®
3. Free enrollment through AD Banker to the Property, Casualty, Life, & Health licensing classes (for approved candidates)

BRANDED OFFICE LOCATION REQUIREMENTS:

1. Signed office lease/location (6 months after time of full-time appointment)
2. Fully equipped and compliant office with Farmers® brand standards (within six months of full-time appointment)

AGENCY STAFF REQUIREMENTS:

• Minimum of one licensed (and appointed) agency staff member (within six months of full-time appointment)

FOR CONSIDERATION OF AN INTERVIEW, PLEASE SUBMIT A RESUME THROUGH ZIPRECRUITER AND A DISTRICT REPRESENTATIVE WILL CONTACT YOU AS SOON AS POSSIBLE.

Company Description

From claims to customer service to finance to marketing to information technology, an insurance company requires a host of careers to support the needs of the sizable customers and communities we serve. Farmers Insurance Group of Companies is the nation’s third-largest Personal Lines Property and Casualty insurance group. Founded in 1928 and still headquartered in Los Angeles after expanding to 41 states, Farmers provides home, auto, business, life and financial services to more than 10 million households.