Is selling mortgage protection insurance a good job?
I have been offered a job selling mortgage protection insurance. All sales leads are pre-generated and there is no "cold calling." Of course, like any sales job, the company has assured me that I can earn a six-figure income within the first year; but I don't know what to believe. Anybody know anything about this industry? Is this a waste of time?
Asked By: knology_slave - 7/8/2010
Best Answer - Chosen by Asker
It depends on whether or not mortgage protection is the only thing you're allowed to sell. Mortgage protection is a great door opener. People are not very open to discussing life insurance out of the blue, but a discussion of their mortgage payment disappearing is an effective way to get them thinking... More
Answered By: rcdrury - 7/8/2010
Additional Answers (5)
So what will you be selling? Insurance in case someone dies they home will still be paid off? You could make a nice living on that. Just be careful with the smart people. They know that term life insurance is the better option. /
Answered By: Judy - 7/8/2010
mortgage protection insurance is a product most homeowners do not want. if this job 'offer' came out of the blue (probably after putting a resume up on monster) and requires no real skill or knowledge, i would be suspicious of a 100k+ potential unless you are the king of networking and pitching crummy products. more... More
Answered By: dic - 7/8/2010
That is a horrible product to sell. It is a decreasing death benefit. You should sell a term policy with a level death benefit. I doubt you would make money selling a mortgage protection insurance product.
Answered By: car253 - 7/8/2010
1 in 100,000 people will earn six figures the first year. 95% won't earn enough to cover the cost of their licensing fees. You'd be putting in 60 - 80 hour workweeks, and if you DO no cold calling, you will NOT even earn five figures... More
Answered By: mbrcatz - 7/8/2010
firstly, do you have the paper qualifications to sell insurance products? if you have, then, it depends on the product that you are allowed to sell. like what others had posted, if you are only selling decreasing term, which is specially designed for mortgage protection, then i am doubtful. i don't sell that to my... More
Answered By: Kor - 7/8/2010
Over 483 Local Jobs Now Hiring In Your Area. $18-$87/Hr - Apply Today!
Legitimate Survey for Cash.Extra Money for You,Join Here!
$21/hr Start, Avg Pay $72K/yr Check Our Map of the 1700 Openings.
Free for Job Listers and Job Seekers!
Other Career Questions
Do most mechanical engineering jobs offer job security?
What is your current job? Why did you choose this job? What do you enjoy about your job? What do you dislike about your job? What would be your perfect job? Would you rather have this j...
Where are the jobs? Is productivity and globalization creating a permanent “recession” of jobs? My main issue is I am doing a paper for school and have no idea where to begin. I was hoping suggestions...
Content is not owned or controlled by Monster. Any content concerns should be addressed with Yahoo!
Yahoo! Does not evaluate or guarantee the accuracy of any Yahoo! Answers content. Yahoo! Disclaimer.
Best-Paying Work-from-Home Jobs
It’s easier than ever to work from home. Of course, not every job is a mobile job, and some companies aren’t interested in having their employees work from home.
2013 Marketing Jobs Outlook
The US may be facing another year of anemic hiring overall, but that won't be the case in the high-orbit world of multichannel, digital media marketing.
2013 Engineering Jobs Outlook
Engineers will find job opportunities in select disciplines in 2013, with candidates who are all-around, client-oriented businesspeople in demand.
Best-Paying Jobs by Major
What could you earn with a particular four-year degree? Find out by checking out this list of the top-paying jobs for 20 of the most common majors.
Eight High-Paying, Secure Jobs
Want to earn a good salary and enjoy a measure of job security as well? Check out these well-paying jobs on tap for fast growth in the coming years.