An Indirect Benefit of Farmers Agency Ownership

Meet John and his family...

Perhaps the best thing about the picture shown above is the indirect meaning of what it represents. John Forbes opted to pivot his successful career in corporate sales management and business development to start selling insurance as a Farmers agent.

By owning an insurance business, John is directly benefiting from the opportunity to earn unlimited income, to be his own boss, and to cultivate a strong local presence under the powerful brand of a preeminent insurer. Indirectly, he is also creating a legacy for his sons.

Farmers agents, unlike some of our friendly competitors, own their books of business. So when plans for retirement approach, a Farmers agent can choose to pass the business on to a family member, or sell the book to a qualified candidate.

As Forbes said, "The opportunity to sell or transfer the book is what made me choose Farmers. I personally couldn't imagine investing the time and money into building something I couldn't control down the road."

There are several generational teams in the Award Winning District 58 and maybe one day, John's sons will choose to join his agency and learn how to be a life insurance agent or perfect how to be an auto insurance agent. That’s an indirect, yet significant benefit, which makes the idea of being a Farmers agent even brighter, yet.

If you’d like to explore the options to buy an insurance business, or to build your own agency with the option to turn it over to your family upon retirement, contact us to learn more.