External Wholesaler, Life Insurance
Posted on: 9 Apr 2024
Inver Grove Heights, MN
Job Description
The Opportunity
We’re growing and our clients deserve the best. We have built a dynamic team of external wholesalers to drive the sales of MassMutual’s life insurance solutions to third party distributors. We are looking for a life insurance wholesaler to support the Great Lakes Region. In this role you will build and grow relationships with IMO, BGA and Producer Groups in IL, IN, MI, OH, KY, and TN, supporting sales efforts through the independent as well as national broker/dealer channels. You will be responsible for territory production, penetration rates and diversity of products sold through third-party distributors.
The Team
We have assembled a team of industry leading professionals making up our internal sales, key account management, advanced sales and sales enablement & marketing teams. The team has a track record of focusing on the customer, collaboration and achieving sales results. The team is entrepreneurial in spirit and doesn’t back away from a challenge. The team built a great sense of community and desire to execute given the division was established in 2021.
The Impact:
As the External Wholesaler – Life Insurance, your responsibilities will include but not be limited to the following:
Maintain proactive sales relationships with financial professionals of in the Great Lakes region and/or assigned accounts through ongoing financial professional profiling, constant relationship-building, and refining and refreshing financial professional base
Execute on specific activity expectations and territory management with IMOs, BGAs and Producer Groups to maximize opportunities and grow sales
Share best practices, success stories with team
Effectively partner with new business and underwriting on escalations/prioritizations in territory to achieve goals
Monitors territory activities to assure they are meeting the overall company objectives
Effectively manage travel and expense budget
The Minimum Qualifications
5+ years of experience in life insurance wholesale distribution
2+ years of experience in an external wholesaling position
Proven track record of developing sales results in assigned territory
Experience in all channels of life insurance distribution is optimal
State Life and Health License
FINRA Series 6 or 7 and 63
High school diploma
The Ideal Qualifications
Bachelor’s degree
Compensation: $85k -$100k base salary range, plus sales based incentive opportunity (targeted at 65%-75% of total wages)
What to Expect as Part of MassMutual and the Team
Regular meetings with the MMSD Life Insurance Team
Focused one-on-one meetings with your manager
Access to mentorship opportunities
Networking opportunities including access to Asian, Hispanic/Latinx, African American, women, LGBTQ, veteran and disability-focused Business Resource Groups
Access to learning content on Degreed and other informational platforms
Your ethics and integrity will be valued by a company with a strong and stable ethical business with industry leading pay and benefits
#LI-BC1
#LI-REMOTE
MassMutual
Springfield, MA
MassMutual was founded on May 15, 1851. And from the beginning, we’ve had a single purpose: to help people secure their future and protect the ones they love. More than 160 years later, that commitment remains our guiding principle. It’s behind everything we do and every decision we make. It’s how we continue to deliver products and services to help our policyowners and customers achieve their financial goals, and protect those who matter most.
MassMutual is a mutual company. That means we don’t have shareholders. Instead, our members and participating policy owners are often described as sharing in our ownership. This generally means that, if you’re insured under one of MassMutual’s individual, participating whole life insurance policies, for example, you are a member entitled to vote for our Board of Directors. And if you own that participating policy, you may be eligible to share in any dividends we may declare.
As a mutual company, we operate for the benefit of our members and participating policyowners. We manage the company with a focus on their long-term interests and are not subject to the expectations of Wall Street analysts or stockholders. Throughout our history, this focus on the long-term has helped us provide financial and retirement security to millions of people. And while they're not guaranteed, we've consistently paid dividends to eligible participating policyowners since the 1860s. Our success is reflected in our financial strength ratings1, which are among the highest of any company in any industry.
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IndustryInsurance
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No. of Employees7,000
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Website
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Jobs Posted224
