Why i left the life insurance industry

Here is the story as to why I left the life insurance industry as a whole and I’m going to let my license expire on December 31st, 2024.

I saw somewhere that you can make 10k a month selling life insurance. I was hooked. I took the pre-licensing course and got my state license. I then got with an agency and the recruiter told me that the leads were exclusive and pre-qualified meaning I didn’t have to do any cold calling or door knocking. I was even more hooked. This seemed too good to be true.

I start working at the agency and the first alarm bell goes off in my head. I have to pay for leads. I asked my spline about this and he said the reason they cost money is because they are high quality leads. I said hm okay, so I purchased them. Turns out the leads were aged, recycled, and most of them claimed to never have shown an interest in life insurance, including usage of foul language and making threats to get law enforcement involved. I made no money, helped no families and was extremely dissatisfied. And mind you, my upline told me that the leads were exclusive and the best in the industry. What. Lie.

I left that agency and got with another one. They also told em the same thing as the previous agency. No cold calling, no door knocking, we provide you with the best high quality leads in the industry with a blah blah closing ratio. Once again, the leads cost money but this time they were 1 month old instead of 3. I said hm okay, what can go wrong? Well, turns out that this agency was worse than the previous one. Once again despite me being told that the leads were high quality, I got ghosted a lot, cancelled appointments, loss of interest due to not being able to afford it, people claiming that they had never shown an interest in life insurance, insulting me and making threats over the phone. The whole thing was even worse than working retail during holiday season. This time, I lost $1,000 buying E&O coverage, fingerprint background check, and overpriced leads that ended up not even working out.

This is when reality hit me that this is not an industry I want to be in. At this point in my career I had felt the dirtiest I had ever felt and I wasn’t even making any money to justify it. I was LOSING money while being treated like garbage by angry prospects. I rage quit that job.

I ended up going to a THIRD agency because “third time’s a charm”. This company did not make you pay for leads, however, it had a very similar business structure as Herbalife and amway where you have to recruit. You have to ask your friends, family, neighbors, and social media followers if they are interested in working. Once again, I made no money, people knew it was a pyramid scheme and lost a couple of friends because they didn’t want to deal with my sales tactics.

This was it. I said I’m done. I’m done with insurance and I’m done with sales. I ended up going back to community college for an associates in I.T (paid for with FAFSA federal pell grants) and I’m also studying for my CompTIA certifications to work in the I.T industry and I could not be happier with my decision.

Till this day I still get messages and calls from recruiters trying to hit me with the same “we are seeking licensed agents. No cold calling. We have the most exclusive leads in the industry” & it fills me with so much rage how stupid they think I am to fall for their nonsense again. Insurance sales recruiters are straight up liars and they seem to feel no shame towards it.

Finally, a lot of them love to promote the lavish luxury lifestyle to reel people in. I also don’t care about that. I am happy with what I have. Family and health is more important to me than some Tesla Model 3.

submitted by /u/Character_Log_2657
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