I am thinking of applying to Mutual of Omaha, but have a recent bankruptcy, does anyone know if they will consider an agent with a BK
Total Comments: 8
Posted: Tue May 12, 2009 10:01 pm Post Subject:
Some of it depends on how recent the bankruptcy is, but it also depends on whether it was a business or personal bankruptcy. I'm sure you don't want to post these details here, but you can send me a PM and I'll try and help you.
Were there any debts owed to insurance agencies / companies?
Business or Personal Bankruptcy?
Were there extenuating circumstances, or simply too much debt?
Have you had a flawless history since the bankruptcy?
Good Luck!
Posted: Tue May 12, 2009 10:19 pm Post Subject: MOO
It was a personal. but the reason was because my business went down when economy turned. My credit was perfect before.
No money owed to insurance companies.
I filed in Sept. 08
Posted: Thu May 14, 2009 12:11 am Post Subject:
Your bankruptcy will probably have to be discharged before they would work with you, but being that you don't owe any money to insurance agencies / companies...and you had a good credit history before...you have pretty good chances.
The most important part is explaining the circumstances. Instead of simply filling out the contracting paperwork, you may actually want to contact their agent services division and speak with someone one on one.
Posted: Thu May 14, 2009 08:48 am Post Subject:
Bankruptcy in your record would likely to disqualify you from becoming an agent. At least it happens that way with most of the P&C insurers.
The employer would run a background check before recruiting you and the bankruptcy is likely to surface in the investigation. Therefore, most likely you would have to wait till the BK drops-off from your credit report to become an agent. Just call-up the person you are in touch with and find out his view in this regard.
Thanks,
Rueprt
Posted: Thu May 14, 2009 10:20 am Post Subject:
There are no rules that prohibit someone with bankruptcy from getting hired to sell insurance. It is certainly a strike against you, but if someone thinks that you will succeed and make money for them, you will get hired.
Posted: Sun May 17, 2009 09:01 pm Post Subject:
As Rupert stated, if you were trying to enter the field of property and casualty insurance...you would most likely have trouble with your bankruptcy. Many P&C companies are looking for their agents to build a business, open an office, and the need for credit is obvious. However, on the life side...the companies seem to be a little bit more open as to who they will employ. In fact, in many cases if you have an insurance license and a pulse...you can work with many of them!
Posted: Mon Aug 09, 2010 04:31 am Post Subject: Age
I will soon be 70 years old. I am in good health physically and mentally. I live in a small town, have great contacts because of organizations to which I belong.
I would like to sell insurance for additional income. Am I too old?
Posted: Tue Aug 10, 2010 09:14 pm Post Subject:
hey!!!!!!!!!!!!!! you are never to old. hey 70 is the new 50. besides you have to eat. the senior market would be a good fit.
Posted: Tue May 12, 2009 10:01 pm Post Subject:
Some of it depends on how recent the bankruptcy is, but it also depends on whether it was a business or personal bankruptcy. I'm sure you don't want to post these details here, but you can send me a PM and I'll try and help you.
Were there any debts owed to insurance agencies / companies?
Business or Personal Bankruptcy?
Were there extenuating circumstances, or simply too much debt?
Have you had a flawless history since the bankruptcy?
Good Luck!
Posted: Tue May 12, 2009 10:19 pm Post Subject: MOO
It was a personal. but the reason was because my business went down when economy turned. My credit was perfect before.
No money owed to insurance companies.
I filed in Sept. 08
Posted: Thu May 14, 2009 12:11 am Post Subject:
Your bankruptcy will probably have to be discharged before they would work with you, but being that you don't owe any money to insurance agencies / companies...and you had a good credit history before...you have pretty good chances.
The most important part is explaining the circumstances. Instead of simply filling out the contracting paperwork, you may actually want to contact their agent services division and speak with someone one on one.
Posted: Thu May 14, 2009 08:48 am Post Subject:
Bankruptcy in your record would likely to disqualify you from becoming an agent. At least it happens that way with most of the P&C insurers.
The employer would run a background check before recruiting you and the bankruptcy is likely to surface in the investigation. Therefore, most likely you would have to wait till the BK drops-off from your credit report to become an agent. Just call-up the person you are in touch with and find out his view in this regard.
Thanks,
Rueprt
Posted: Thu May 14, 2009 10:20 am Post Subject:
There are no rules that prohibit someone with bankruptcy from getting hired to sell insurance. It is certainly a strike against you, but if someone thinks that you will succeed and make money for them, you will get hired.
Posted: Sun May 17, 2009 09:01 pm Post Subject:
As Rupert stated, if you were trying to enter the field of property and casualty insurance...you would most likely have trouble with your bankruptcy. Many P&C companies are looking for their agents to build a business, open an office, and the need for credit is obvious. However, on the life side...the companies seem to be a little bit more open as to who they will employ. In fact, in many cases if you have an insurance license and a pulse...you can work with many of them!
Posted: Mon Aug 09, 2010 04:31 am Post Subject: Age
I will soon be 70 years old. I am in good health physically and mentally. I live in a small town, have great contacts because of organizations to which I belong.
I would like to sell insurance for additional income. Am I too old?
Posted: Tue Aug 10, 2010 09:14 pm Post Subject:
hey!!!!!!!!!!!!!! you are never to old. hey 70 is the new 50. besides you have to eat. the senior market would be a good fit.
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