Anyone here an insurance agent?

[Blueface]

Originally Posted by forgop

TOn the other hand with All State, he can hand over the business to the kids or sell it off to someone else. To me, if you retired as an insurance agent, you walk away from a LOT if it's just handed over to another agent.

The reason being what I already mentioned.
With State Farm, you are an employee of the company, as such, the book of business belongs to them.
With Allstate, you own your business (which start up costs are around $50K last I checked) and are not an employee. As such, you can sell your book or you can pass it on to a son/daughter, etc.