1.0
Oct 31, 2013
Be careful before you agree to abandon your financial business to be an EFS for Allstate
Former employee, more than 3 years
Salt Lake City, UT
Recommend
CEO approval
Business Outlook
Pros
The financial services model ONLY works when the financial guy (EFS) is teamed with agencies that will actually produce the numbers of referrals you need to make production goals. Only the big agencies make it worth while--but there are not enough to go around. Be sure the group that will be assigned to you have a credible financial production history!
Cons
Problem is, the large producing agencies are already paired with with existing (fat cat) EFSs. The new guys will only get the poor performing, struggling agencies that nobody wants to work with. The guy trying to hire you gets a bonus for hiring more and more. Allstate motivates local managers to hire more than they can actually support with adequate referrals.