Not such a bad gig

“I don't give a damn 'bout my bad reputation!” rock 'n' roll icon Joan Jett sang in 1981.
JUN 21, 2009
“I don't give a damn 'bout my bad reputation!” rock 'n' roll icon Joan Jett sang in 1981. And 28 years later, at least one insurance agent agrees with her. Robert Slayton was recently quoted in an article posted on Yahoo HotJobs as saying he uses his title to discourage unwanted conversation. “If I don't want to talk to someone, all I need to do is tell them what I do,” said Mr. Slayton, an insurance agent who owns an eponymous Naperville, Ill., firm. The article, “Good Careers with Bad Reputations,” posted on Yahoo last week, named insurance agent as one of those careers. The public often has a poor impression of insurance agents because of their focus on sales, Mr. Slayton said in an interview with InvestmentNews. “The typical view of a life insurance agent is, "Hi, how are you? Let me sell you something,'” Mr. Slayton said. Some agents “just want to sell you something and not help the client,” he added. Such perceptions have dogged insurance agents for years, one industry participant said. “A lot of it goes back to the days when your insurance agent came around each week to collect a quarter” for a policy that was not tangible, said Madelyn Flannagan, vice president of education and research at the Independent Insurance Agents and Brokers of America Inc., a trade group in Alexandria, Va. She credits the Internet for making today's consumers somewhat savvier about insurance, especially as part of a financial plan to protect property such as homes and cars. Mr. Slayton stressed that a career as an insurance agent has many positives, including the ability to own your own business, a residual income and having a form of income that is predictable, even during a recession. The four other professions rounding out the Yahoo list of good careers with bad reputations were mortgage broker, executive recruiter, publicist and tax collector.

Latest News

AI is resetting trust in wealth services, says Advisor360's new CEO
AI is resetting trust in wealth services, says Advisor360's new CEO

Milind Mehere offers perspective on why ambient AI, not smarter models, will define the next decade of wealth tech.

Ex-indy rep turned phony finfluencer gets two years in prison
Ex-indy rep turned phony finfluencer gets two years in prison

Kenneth Thom, 42, reinvented himself as a finfluencer known as “K Money.”

Trump sued over Truth Social's paid early-access data feed
Trump sued over Truth Social's paid early-access data feed

A press-freedom lawsuit filed in Manhattan challenges the president's $100,000-a-month Truth API service used by trading firms.

Zero-fee IRAs quietly cost savers up to $1,400 a year, PensionBee study finds
Zero-fee IRAs quietly cost savers up to $1,400 a year, PensionBee study finds

Research reveals six hidden costs inside "zero-fee" IRAs, with one investment mistake potentially amounting to $170,000 over a 30-year period.

Advisor moves: Cetera scoops up $420M Commonwealth duo in North Carolina
Advisor moves: Cetera scoops up $420M Commonwealth duo in North Carolina

Meanwhile, Ameriprise has added a Florida-based veteran formerly with Oppenheimer just as it loses a similarly seasoned professional to Prudential Advisors in New Jersey.

SPONSORED Direct indexing webinar targets tax-loss harvesting amid market swings

Northern Trust’s Ken Lassner shows advisors how to convert volatility into after-tax portfolio gains

SPONSORED Who builds the income when the pension disappears?

Dan Biagini of American Equity says the steady decline of pensions, longer lifespans and a reset in interest rates are rewriting how advisors build retirement income