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In Reply to: Omaha question...Jax vs. Ken posted by John B. on July 01, 2003 at 05:16:53:
John,
Kenny gave you bad information.
Take New York Life, it is a New York company, but they get around the commission issue by giving you a training allowance.
When I was with NY life, your commission was 55% plus 60% of the 55% as a training allownace.
EX: 1,000 annual prem.
1,000 X .55 = 550 X .60 = 330
total commission 1st yr., 550 + 330 = 880
That amount to 88% of the first year prem.
That is how those New York companies get around the New York commission issue.
Mutual of Omaha is not in the same league as your majors.
Look toward NY Life, Pru. Securities, Met., Johm Hancock, etc.
They have training, financing, a good program.