Job Description

AGENCY ACQUISITION PROGRAM

The Agency Acquisition program provides financial incentives to capitalized external candidates who purchase service and commission rights from existing Farmers® agency owners.

THE PROCESS

ASSETS

• 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 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

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*

• $10,000 bonus for 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

PM19

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