Buy your agency
The External Acquisition Program provides financial incentives to candidates who purchase service and commission rights from existing Farmers® agency owners.
Hello,
Process
Capital Requirement1
● Minimum of $100,000 in addition to the cost of the acquisition
Background Check
● Satisfactory results of background check
Licensing and Training
● Property, Casualty, Life, and Health licenses prior to full-time agent appointment
● University of Farmers® training program
Branded Office Location
● Office location at time of full-time appointment
● Fully equipped and compliant with Farmers brand standards
Agency Staff
● Minimum of two licensed and appointed agency staff members at full-time appointment
If you have capital to invest in your own business and are looking for a unique kind of business opportunity with access to a Fortune 500 brand, purchasing an established Farmers® agency may be what you’re looking for. By applying your business savvy to an already established agency, you have the opportunity to swiftly transform your new business into a remarkable asset.
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
Exterior Branding Bonus
● Provides for initial exterior branding for an approved office location up to a $6,000 maximum possible bonus amount
Signing Bonus1
● $5,000 bonus following full-time appointment
Bonus Based on Reserve Program Net NB Commissions1
● One-time bonus based on applicable net new business commissions while on the Reserve Agent Program
● Bonus paid subject to specified maximum amount
Monthly Lead Opportunity Program1
● Up to $500 per month in Agency Growth Program lead opportunity credits if program qualification goals are met
Monthly Bonus Based on Net NB Commissions1
● Bonus opportunity based on applicable monthly net new business commissions and applicable production for up to three years
● Bonuses based on Life and Commercial commissions subject to specified maximum amounts
Graduation Bonus Based on Net NB Commissions1
● One-time bonus based on applicable net new business commissions and applicable production
● Bonus based on Life and Commercial commissions subject to specified maximum amounts
1Programs, products, and bonus opportunities are not available in all states or for agency acquisitions involving $1.2M or more in applicable rolling 12-month gross folio premium (GFP)
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