The insurer is looking to grow its agents by 46 percent in Massachusetts
Like Progressive Insurance’s recent announcement, (See “Progressing Further With Progressive: A Primer For Mass. Agents“), Allstate Insurance Company also announced this month a new ambitious recruiting campaign. The insurer says that it is planning to appoint more than 70 new insurance agents and personal financial representatives in the Commonwealth over the next year.
“Massachusetts’s strong economy is fueling this expansion plan. We target cities and areas that are growing and have an increased need to protect what matters most to the people in those communities as a part of Allstate’s broader strategy to expand in Massachusetts,” said Ed Norcia, Allstate’s Northeast Region Strategic Deployment Leader.
According to the company, approximately 20 appointments will consist of agency owners. Since each new Allstate agency opens with a minimum of two employees, the remaining balance of 50 positions will be filled by these agency employees. In addition, Allstate also plans to appoint another 25 as exclusive financial professionals across New England. Allstate says that the ideal candidate for an agency appointment is a mid-career, mid-level manager looking to own and operate their own business.
“We are aggressively targeting qualified professionals,” Norcia adds. “A property and casualty insurance background is not required. Allstate will provide them with comprehensive education and the resources to help them get off to a solid start. They do need a strong entrepreneurial drive and passion to help others in their community.”
Looking to grow not only in Massachusetts but across New England
In addition to its plans for Massachusetts, the insurer is looking to grow its agent presence by 16% across all six of the New England states. The following is a breakdown by state:
10 Agency Owners
30 Licensed Sales Staff
4 Agency Owners
17 Licensed Sales Staff
20 Agency Owners
50 Licensed Sales Staff
|New Hampshire||20 Total:
5 Agency Owners
15 Licensed Sales Staff
|Rhode Island||30 Total:
5 Agency Owners
25 Licensed Sales Staff
What is an Allstate Exclusive Financial Professional?
Allstate is also looking to add to its roster of exclusive financial professionals with plans to appoint up to 25 professionals across New England. Candidates interesting in applying for an appointment should have their Series 6 and 63 licenses in order to be able to sell variable life insurance and annuities, mutual funds, individual stocks and other financial products. Additional licenses to sell both health and accident insurance are also a plus. An appointed exclusive financial professional works with either one or more Allstate agency owners offering life and retirement products to Allstate customers and their families.
“Roughly 10,000 Baby Boomers turn 65 every day, yet almost half of all Americans do not have life insurance said Regional Financial Sales Leader Dan Mattingly of Allstate. “Our exclusive financial professionals help our customers improve their financial well-being and better understand the fundamental building blocks of financial fitness.”
“I enjoy partnering with Allstate agency owners to help their customers understand their life and retirement options, manage the risk and protect their futures,” said Peter Bacchiocchi Allstate exclusive financial professional in Massachusetts. “I believe I can truly make a difference in their lives.”
Allstate offering added bonus for those who referred qualified agents to Allstate
An added incentive to help with their ambitious recruiting process, Allstate says it is offering a $5,000 award to anyone who refers a qualified agency owner of exclusive financial professional candidate to Allstate. The referral award will be payable upon the appointment of said candidate as an Allstate agency owners.
Individuals interested in finding out more about Allstate should know that a minimum of $50,000 liquid capital is required in order to invest in their agency. While the money is not given to Allstate it helps ensure that a new Allstate agency will be able to successfully fund the normal day-to-day costs associated with the opening and maintenance of a new agency. It is important to note, however, that this liquid capital amount is not required for licensed sales producers interested in applying.
More information about the Allstate agency appointment process is available at www.Allstate.com or by calling 1-877-470-8150, option 1.