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Chris Said:

In the auto industry can you make great money if you are a auto insurance agent?

We Answered:

If you make the move to insurance, you can make a great deal of money if you are willing to work hard. You will want to make sure that any producer agreement you enter into spells out exactly what your responsibilities are and what split of commission you will receive, both on new sales and renewals. I made exponentially more money on renewals than on new sales. That is because I treated my clients with respect and they stayed with me. When I retired, I had clients that I had had since the first year I was in the business. I can't even imagine how much money I made from their loyalty to me.

Your income will start out low, but it will build if you are a good agent and will not give up. The most difficult years are the first five. After that, your renewals and referrals will keep you going.

Rebecca Said:

Should i take a job in mortgage, home equity, and Insurance Services industry?

We Answered:

At one time BofA offered the job you describe with a $28,000 salary. The exact same job paid $80,000 if you worked in the loan origination department and generated loans from realty agents and homeowners.

The customer service job answered the same questions but BofA provided all the calls. You were not responsible for making the phone ring. So take the job but talk to the other loan officers in the other departments. Switch over as soon as you can. The money is great.

Joshua Said:

If the employees of mortgage, banking & insurance industry were unionized, would the US have bailed them out?

We Answered:

The U.S. tried to offer a bailout to the auto makers but it was the union officials that killed the deal by refusing to accept a pay cut. Unions have outlasted their usefulness in this country and it is time for them to go away.