Northwestern Mutual

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Northwestern Mutual

Postby Dulax31 on Thu Jun 07, 2007 4:32 pm

Anyone know anything about them? I got a phone call from them today asking if I would come in for an interview, but I know little to none about them... Anyone out there with any experience with them?
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Postby laxfan25 on Thu Jun 07, 2007 4:53 pm

I have had policies with them for over 25 years. They are probably the highest rated insurance company out there (Best Reports rates them #1 I believe - they're like the Consumer Reports of insurance).
The product is the best in their industry - the question is, do you want to get into sales? If you do, and you can hack it, the lifetime potential is very strong as you build your "book" of clients. You earn residuals every year the client keeps the policy in force, so you're building a revenue stream over your career.
One of my brothers sold for them for several years (hence why I have policies - they have you target family and friends when you are getting started). Along with life insurance they also do very well with long-term disability insurance. Most people don't realize it, but the chances are much greater that you will need LTD insurance in your lifetime. If you are hurt and unable to work it can be very, very valuable.
So I'm not sure if they want you to interview for sales, but if so, they are about the best you could hope for in that arena. (Also, whenever you do go in for an interview, do as much background digging on the company that you can! It shows you are interested and you can ask more intelligent questions. If you can, try to talk to an agent in the area about their experience. That will also give you broader insight.)
Good luck!
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Postby Adam G on Thu Jun 07, 2007 4:59 pm

Fleck,

I know quite a few of my friends who've accepted positions with them over the last few years. I even did the initial interview a year ago, but didn't go forward with them because I accepted a position with my first choice firm.

One good thing about them is that if you want to move to a new city, they're really good about transferring offices. For salary, they'll set you up with a standard base for a couple months, then slowly draw you to comission-only. Some people like that, some don't. I know that they recruit actively any graduate, for example I know a Psych major who is now slanging mutual funds. Plus, if it's an interview, all interviews are good practice.

Definitely a good gig if you're looking to get your feet wet and get your series 6 & 63 (I believe, this all from what my friends who work for them have told me).

Hope this helps...
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Postby Champ on Thu Jun 07, 2007 5:13 pm

I get calls from time to time from them or places like them. The recruiters tactics always amuse me, but I still refuse mostly because I'm in the engineering field and don't really feel like dealing with people (insert Tom Smykowski's interview with "The Bob's" from Office Space).

These recruiters start the conversation with: I have your resume in front of me, but I am curious what kind of work you are looking for. Clearly on my resume it states Electrical or Software Engineering, with all my jobs taylored to not over the phone sales.

But any interview is good, you can always decline to go further and just use it as practice, see if your suit still fits, etc.
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Postby Pinball on Thu Jun 07, 2007 8:16 pm

quit showing off fleck......
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Postby wapiti on Thu Jun 07, 2007 9:50 pm

I'm in the insurance business. This is a solid company.........
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