AIL World? Anyone know any information, have experience working?

Question

I have now had two interviews with the company AIL World (Life Insurance sales), and have been offered for a third interview tomorrow.  I was incredibly excited for the first interview and even more when asked back for a second. But at the end of the second interview I was asked to pay a fee to get my license in the state of Virginia so I can legally sell insurance.  I understand having to get my license but don't know why I need to pay for it. I should be a investment to the company, I should not have to invest my money before they invest in me.  I also would have 4-6 weeks of unpaid training.  When I got home I did more research and found many negative things about the company, does anyone have any information or insight they can help me with.  I was told at the first interview if you made it to the third they would offer you the job.  Anything helps! Thanks!!

car253 · Accepted Answer

Walk, don't run, away from this company.

You will only get paid commission.   You are not getting paid salary.  That was the first thing you should have asked and they did not tell you.

Sorry, you are like to many others that think they are getting a job with a salary and you are not.

Anonymous · Answer

Between 1993 and 1995 I sold life insurance first for ALICO and later for LOJ.  I also had to pay for my licenses.  The first license I payed for was that to sell ordinary life insurance.  Later I got the license to sell personal accident insurance.

In each case I was given a book to study.  Then I was required to take an exam which would qualify me to obtain the license to sell each of these instruments.  (Financial products are also called instruments).

In the same way it is a legal requirement that you become a licensed driver to drive a motor car.  And special license is required to drive specific size and kind of vehicle, so is it in the financial institutions.  In  order to sell these financial instruments, you need that special license to do so.  In as much as you're required to pay for your motor vehicle license so, you're required to pay for insurance license.

I believe the licensing is a regulatory means, that is used in order to reduce financial dishonest practices on a wide scale.  So it is not that AIL is licensing you.  But your being licensed by the Superintendent of Insurance to sell for AIL. 

If you want to sell for a number of Insurance companies, for example, you'll need a broker's license to do so.

You are required to sell insurance.  This can be a very lucrative job if you're persistent in building a client base.  This involve learning and applying  the law of average, (this takes hard work); knowing your product, assessing your prospects, and selling them what they need and being able to handle objections.  It also means gaining trust among your policy holder.  They like to hear from you on a regular basis.  You'll learn most of these in your training.  You'll learn how to prospect, and how to qualify your prospects 

During my training period, I was required to sell insurance.  I was eventually paid for that I sold during the training period, as soon as I  completed the quota for that period.

Then given a yearly quota of which, on reaching it was paid a bonus.

I would say go for it.  Do your training.  Get your licenses.  And put all you got into it.  The income is rewarding.

AIL World? Anyone know any information, have experience working?

2 Answers