AIG reviews

You are told that your income is "limitless" as it is a commission based business but you give 2/3 of the commissions to the company and they have set the bar so high you are unlikely to ever make more. Likely salary in year one , less than 35K. You are also told you will be given a "book of business" but it's an old list of generally dissatisfied clients who have had 6 or 7 other advisors before you and has been churned and sold any possible product. There is nothing left to do with them but fill out administrative forms and you are paid ZERO on that. You run around and drive to all the schools ( no gas expense) and are expected to sit in teachers lounges and jump on them when they come by to sell them an annuity. Most of the teachers are low salary and most already have accounts. You are expected to convince them to transfer over those other accounts when they've had a relationship with another advisor at another company for 15 years. Good Luck !

The book of business you're given comes from a current rep or one who has been terminated. There are annual minimums beginning with your first full year, and increases by $1million per year until you reach a minimum of $4million just in transfers in. That is on top of the required numbers of financial plans and percent of increased Plan Sponsor Business. The comp on the higher interest paying PS accounts in some instances is 0. ABC is available. The training has become ridiculous. Sadly, this was a wonderful company for the reps, but no more. They want to force you out instead of firing you, but if the DM needs to improve his numbers, he/she will fire you and bring in a rookie whose numbers won't negatively affect the DM. They are considering changing their name BACK to AIG.