Isn't the agency convention going on right now? Any breaking news coming ?
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"Over the last few years we have achieved significant gains in our company's financial position
at the same time that we have endured substantial challenges from within and outside our organization. We have never been stronger, but more needs to be done if we hope to make the next 100 years as good as our first 100 years. Today, we have communicated with our over 19,000 agents that we will be presenting a new compensation structure that more accurately reflects current market trends and customer realities.
We recognize that this is a significant disruption unlike any that our agency force has experienced. As an organization, we have never lost sight of the fact that the agent is our differentiator,
and the agent will continue to be an integral part of what we do. We have positioned the agent to maximize their opportunities with tools and support like never before to help more customers in more ways. We know that our agents will rise to the challenges, and meet them with the same entrepreneurial spirit that has helped build this company."
The AA22 Contract highlights:
12% writing commission on Auto policies; 4% renewal commissions.
15% writing commission on Fire policies; 4% renewal commissions.
This will not be rolled out like the contract in the late 90s. It will replace all previous contracts. Agents will have more than a year to make a decision about their acceptance or rejection of the contract. Agents will be able to retire under the provisions of their existing contract .
The company will absorb all of the servicing from agents' offices, therefore they will not continue to pay renewal commissions for policies that agents are not servicing. The company sees the agent of 2022 and beyond as a community advocate offering sound financial advice, life enrichment support, and community activism. The next generation technology will allow them to serve auto and home policyholders directly, which allows agents to have deeper relationships with their customers. The company will be a stronger company by serving more customers in more ways.
Good Luck = what is wrong with this company, what a little twit/twat.
Good luck to you too, sir. You're going to need it, what with your ill-placed faith in proven failures.
Good Luck = what is wrong with this company, what a little twit/twat.
Good Luck- why would you care how we fund our retirement. What a tool, just here to stir things up.
New atlas this year?
Wow! It's not a partnership? Really! It really is going to tank.
After today I would suggest funding your retirement in an immediate and extreme level of funding. It’s got to out of hand!
A new comp schedule at a 60% reduction looks like a train going of the cliff. I’m selling everything
I hope they are having a goodtime it’s going to change drastically for them with income flow, they are pushing the securities deal to try to get every dollar. Makes you wonder if you have to sell something hard to your sales force. My cousin just decided to throw in the towel tonight after his paycheck said numbers just a aren’t adding up to what they said after five years. This organization is changing so fast it’s like a Sear plan
It is not a partnership. Partnerships require investments by the partners. You have invested nothing. You are an employee (for now.)
Icft. ---- partnership? Any id--t can make a promise. It keeps the real person to keep the promise. Have you forgotten? You'll never be able to sell a promise you can't keep. Ask the customer!
Iloved the message. They’re are firing all your asses who don’t bring anything to the bottom line.
I thought the CEO comments were insightful and motivating. He has a great grasp of current problems and future opportunities. I am all in.
Good luck going broke.
We are at a breaking point in some markets and we shouldn’t be in this situation in the first place. I do also support current leadership but we are currently getting kill in every line of business operations support is gone. Better buckle up it going to be rough ride.
Sheeple!
They won’t reduce compensation. Most likely will “ reallocate it” to achieve Company objectives. That may mean more for new business and less for renewals or more for multilime and less for mono line. But in the end the compensation will be the same or greater. It is a sales driven revenue model.
Our current problem is we are hoarding to much in Reserve it’s crazy
I hope you are still all in with a 50% reduction in compensation heard things are in the works for the new agent compensation schedule and have been in the works for a while.
I thought the CEO comments were insightful and motivating. He has a great grasp of current problems and future opportunities. I am all in.
SHAME ON YOU! Enjoying a convention at the expense of those who keep the promise to the customer! Hypocrisy! The customer comes first? Enjoying nice meals, expensive hotel rooms and travel is not managing costs! Do that and take away from retirees? The customers are getting educated. They own mother mutual.
Velkomm to da KREMLIN!
It's the worst convention ever. Most of the agents seem to hate the current leaders and hope for them to die a slow, painful death. They are not impressed by the c-appy ECRM system nor the claims handling. It's basically a giant s---athon.
Best convention I’ve attended. The future looks very bright!
Having a great time. Learning a lot. Lots of great financial products to help our customers. 2018 will be a great year!