Job Description

AGENCY ACQUISITION PROGRAM 

The Agency Acquisition program provides financial incentives to capitalized external candidates who purchase an existing Farmers® insurance agency. 

Benefits

Responsibilities

The Process: 

Capital Requirements: 

- Minimum of $50,000 in seasoned investable assets in addition to the cost of acquisition 

Background Check 

- Satisfactory results of background check 

Licensing and Training 

- Property, Casualty, Life and Health licenses prior to agent appointment 

- Training program through the University of Farmers® 

Branded Office Location 

- Office location at the time of full-time appointment 

- Fully equipped and compliant with Farmers brand standards within 120 days of full-time appointment 

Agency Staff 

- Minimum of one licensed and appointed agency staff member*The Benefits 

Requirements

Economic Interest 

- Contract Value according to the terms of the appointment agreement 

Sale of Service and Commission Rights 

- Opportunity to sell service and commission rights 

Office Start-Up Bonus* 

- $5,000 bonus for the establishment of branded office location within a specified time period after full-time appointment 

Monthly New Business Premium Bonus* 

- Bonus opportunity based on applicable monthly new business Agent Eligible Premium for up to three years??? Monthly bonus paid on Life and Commercial premiums subject to specified maximum amounts 

*Only applicable to agency acquisitions involving less than 1,000 P&C policies in force