Ben Franklin Insurance & Investments

Ben Franklin CareersNow recruiting licensed insurance producers · IN · KY · MI · TN

Up to 85% your first year. Renewals for life.

Licensed P&C and Life producers in IN, KY, MI and TN keep 60% of new-business commission and 50% on renewals — with 30+ carriers, our quoting tools, and back-office support behind you — backed by the SIAA national network.

Renewals for life: 4-year vesting, with your vested renewals paid for the life of the policy while it renews through BFII — whether or not you're still at BFII.

See your numbers Bringing an established book? Talk to leadership directly →

60% new business · 50% renewals · up to 85% first year · 4-year vesting · No desk fees

  • Personal P&C
  • Commercial
  • Life
  • Annuities (fixed & fixed indexed)
2013
Independent agency since 2013, headquartered in Greenwood, Indiana
30+
Carriers, direct or through our master agency — you can write with all of them
60/50
New business / renewal share of net commission BFII actually receives

01Where you are now

You built the relationships. Someone else is keeping the economics.

“I already have a book and a contract. Moving sounds complicated.”

Fair. That’s why we start with an honest conversation.

In your interview we look at your current setup, any non-compete or non-solicit you have, which carriers you would need, and what support you expect. If it doesn’t make sense to move, we will tell you.

If you're captive

You write for one carrier, at a commission rate you didn't set. When a client needs a market your carrier won't write, you lose them.

If you're at an independent agency

You have the markets, but your split doesn't reflect what you produce — and renewals on business you wrote keep paying the agency long after they stop paying you.

Switching should be a business decision, not a leap of faith. So we show you the numbers first.

02Your book

Let's talk about your book before you ask.

Here's exactly how it works. Business written through BFII is placed under BFII's carrier appointments, so BFII holds the agency of record. What you hold is a contractual right to be paid on it:

  • 60% of net commission for each client's first 12 months with BFII. A book you transfer in pays 60% for the first policy term after transfer, then the renewal rate.

  • 50% of net renewal commission on producer-serviced accounts after the first 12 months (40% on accounts BFII designates as agency-serviced)

  • If you leave: your vested share of the 40% renewal rate keeps being paid for the life of the policy while it renews through BFII. Transferred business is 100% vested from the transfer date.

Renewal vesting

  1. Less than 1 year

    0%

  2. 1 year

    25%

  3. 2 years

    50%

  4. 3 years

    75%

  5. 4+ years

    100%

Post-termination vesting on producer-originated business, by completed years. Your vested share applies to the 40% agency-serviced renewal rate and is paid for the life of the policy while it renews through BFII. 100% vested if BFII terminates without cause; transferred business is 100% vested from the transfer date. BFII owns the accounts — vesting is a contractual payment right, not book ownership.

We'd rather you know this now than discover it in a contract.

Questions about your specific book? Talk to leadership →

03The math

What 60/50 looks like on your business.

Commission percentages apply to the net commission BFII actually receives — not premium. Here's the full chain, so nothing is hidden.

$50,000$5,000,000

BFII average: 9.9% of premium. Edit to run your own numbers.

First-Year Production Bonus tiers

  • Below $50,000No bonus
  • Tier 1: $50,000–$74,999+5% (65% total)
  • Tier 2: $75,000–$99,999+10% (70% total)
  • Tier 3: $100,000–$149,999+15% (75% total)
  • Tier 4: $150,000++25% (85% total)

Non-cumulative: the highest tier reached applies to all qualifying first-year commission, measured on first-year net agency commission from new and transferred business in the first 12 months from your agreement's effective date. Paid during the 3rd calendar month after the 12-month period ends. Not a bonus on renewals.

  1. 01

    BFII net commission

    Premium × 9.9% (BFII average net ≈ 9.9% of premium)

    $49,500

  2. 02

    You keep — Year 1

    Net × 60%

    $29,700

  3. 03

    First-Year Production Bonus

    No bonus below $50,000 in first-year net agency commission from new and transferred business. Tier 1 starts at $50,000 (+5%).

    —

  4. 04

    You keep — every year after the first 12 months

    Net × 50% on producer-serviced accounts (40% if agency-serviced) · assumes flat retention

    $24,750

Illustrative only. Actual commission varies by carrier, line, product, retention and chargebacks. Not a guarantee of income.

04The opportunity

A producer platform that pays you for what you produce.

Watch a short overview of how BFII works, how you are paid, and what support looks like today. It takes about three minutes.

Explainer video [PENDING: not recorded yet]

About 2–3 minutes: who BFII is · 60/50 economics · first-year production bonus · renewals · the honest support model · next steps.

  • 0%
  • 25%
  • 50%
  • 75%
  • 90% ✓

01 · Economics

Keep 60% of new business.

60% of BFII’s net new-business commission and 50% of net renewal commission, paid on what BFII actually receives. A tiered First-Year Production Bonus starting at $50,000 in first-year net agency commission from new and transferred business can bring your first-year share up to 85%.

02 · Independence

Run your own practice.

A 1099 independent producer model. No required office hours. You choose how you prospect and sell, within licensing, carrier and compliance rules.

03 · Renewal value

Renewals that keep paying.

After each client’s first 12 months, business you wrote pays you 50% renewal on producer-serviced accounts (40% if BFII designates them agency-serviced), regardless of 6-month policy terms or carrier changes.

Derrick Christy, CEO of Ben Franklin Insurance & Investments

Founder

Why I built this

“The only limitation are those in your mind.”

— Napoleon Hill

Derrick Christy · CEO, Ben Franklin Insurance & Investments

05Backed by the SIAA network

BFII Is Part of One of the Nation’s Largest Independent Insurance Agency Networks

Ben Franklin Insurance & Investments (BFII) is a member of SIAA (Strategic Insurance Agency Alliance), one of the largest independent insurance agency networks in the United States.

“The personal service of a local independent insurance agency, backed by the strength of a national network representing more than $18 billion in annual insurance premiums.”

SIAA Network Highlights (2025)

  • $18.1B

    in total insurance premiums written annually

  • 5,200+

    independent insurance agencies nationwide

  • 49

    regional master agencies supporting member agencies

  • $8.54B

    in premiums placed with strategic insurance carrier partners

  • $1.3B

    in new business premiums placed with strategic carrier partners

  • #2

    nationally among agency partnerships — Insurance Journal, 2026 rankings

Figures describe the SIAA network as a whole, not BFII individually. Sources: SIAA network reporting and Insurance Journal’s 2026 agency partnership rankings.

For you, that means a local agency where your clients get personal service — with the carrier relationships and collective scale of a national network behind every quote you write.

06Who we are

An independent agency with a 270-year-old idea.

Founded in 2013 in Greenwood, Indiana, by the 7th great-grandson of Benjamin Franklin and a descendant of Sarah “Sally” Franklin Bache. We believe everyone should get the best coverage they can afford, from an agent who works with them, not for a single carrier.

Ben Franklin Insurance & Investments is an independent residential and commercial insurance agency. Our clients can quote online, compare options, and manage policies through the Client Center and Glovebox.

We write Auto, Home & Renters, Commercial (vehicles, property, liability), and Life (whole and term, child life, accidental death, critical illness, long-term care, final expense and disability). Licensed life agents can write fixed annuities and fixed indexed annuities.

2013
Founded as an independent agency
IN
Headquartered in Greenwood, Indiana
30+
Carriers, direct or through our master agency
4
Lines: personal P&C, commercial, life, annuities

You

Advise the client

You meet the client, understand the risk, and recommend coverage. You lead the client relationship; BFII owns the accounts.

We

Open the markets

Access to 30+ carriers, direct or through our master agency, across personal, commercial and life. BFII handles your carrier appointments. You quote, bind and service through BFII’s appointments.

Team

Support the book

Administrative help from our back-office servicing team today. Shared or dedicated CSR capacity as profitable volume supports it.

Lines you can write

01

Auto

Personal auto for individuals and families.

Personal P&C

02

Home & renters

Homeowners, renters and related personal property.

Personal P&C

03

Commercial

Vehicles, property and liability for businesses. Markets grow with production.

Commercial P&C

04

Life

Whole and term, child life, A&H, critical illness, LTC, final expense, disability.

Life & Health

05

Annuities

Licensed life agents can write fixed annuities and fixed indexed annuities. Subject to suitability and carrier availability.

Annuities
TravelersLiberty MutualSafecoNationwideHartfordChubbGrangeIntegrityBerkshire Hathaway GUARDKemperAmTrustHanover+ more

[PENDING: carrier logo permission]

07Compensation

Start at 60/50. Earn more when you produce.

There is no multi-level career ladder. Everyone starts on the same schedule. High production is rewarded after the fact.

60%

New business

Of BFII’s net commission actually received, for each client’s first 12 months with BFII. Percentages apply to commission, not premium.

50%

Renewals

New business pays 60% for each client's first 12 months with BFII. A book you transfer in pays 60% for the first policy term after transfer, then the renewal rate. Renewals pay 50% on producer-serviced accounts (40% on accounts BFII designates as agency-serviced).

up to +25%

First-Year Production Bonus

First-Year Production Bonus, measured on first-year net agency commission from new and transferred business in your first 12 months from the agreement's effective date: below $50,000 no bonus · $50,000–$74,999 → +5% (65% total) · $75,000–$99,999 → +10% (70% total) · $100,000–$149,999 → +15% (75% total) · $150,000+ → +25% (85% total). Tiers are non-cumulative — the highest tier reached applies to all qualifying first-year commission. Paid during the 3rd calendar month after the 12-month period ends. Not a bonus on renewals.

Bringing your book?

New business pays 60% for each client's first 12 months with BFII. A book you transfer in pays 60% for the first policy term after transfer, then the renewal rate. Renewals pay 50% on producer-serviced accounts (40% on accounts BFII designates as agency-serviced).

This is a 1099 independent-contractor producer role. Compensation is commission-based with no salary, PTO or traditional employee benefits under the producer program. There is no guaranteed income. Percentages apply to BFII’s net commission revenue actually received, after upstream carrier-network or aggregator amounts BFII does not retain. Good-standing, chargebacks, rewrites and carrier changes are defined in the final producer agreement. Illustrative figures do not guarantee future results; qualifying commission is after cancellations, chargebacks, returned commissions and carrier adjustments. Producers should consult their own tax advisers. Counsel will review classification and agreements before rollout.

No costNo obligationUnder 1 minute

08Costs

No surprises on cost.

Every 1099 producer runs this math. Here's ours.

EZLynx quoting seatBFII
Carrier appointmentsNo fees — handled by BFII
E&O coverageCovered by BFII (agency E&O, while writing through BFII appointments)
Desk or platform feesNone — platform covered by BFII
License renewals & CEYou
Hardware (e.g. laptop)You (as a 1099 producer)

09Getting started

Already licensed? Here’s how you start writing.

BFII recruits producers who already hold an active license. We do not run a pre-license career program. The path below is contracting and appointments, not licensing school.

  1. Step 1

    Verify your license

    Confirm your NPN and resident license (IN, KY, MI or TN) and any non-resident states through NIPR / your state DOI.

  2. Step 2

    Sign the agreement

    Review and e-sign the 1099 Independent Producer Agreement and the compensation schedule.

  3. Step 3

    Get appointed

    BFII’s HR team handles carrier appointments for the lines you will write. You track each one in your portal.

  4. Step 4

    Write your first policy

    Systems access, back-office servicing team intro, then your first quote and first bound or issued policy.

  • Active resident producer license
  • Licensed in IN, KY, MI or TN
  • Minimum 3 years licensed
  • Valid NPN
  • P&C and/or Life & Health authority

10What you receive

Independence with support that grows with your book.

We describe today’s model honestly. Experienced producers tell us what they need. When the economics justify it, we add capacity.

  • 1099
  • Flexible
  • Multi-line

01

Back-office servicing team

What you get today

Our offshore administrative team handles routine, non-licensed servicing — mortgagee changes, VIN updates, document requests. Client data stays inside BFII's secured systems, and the team never quotes, binds or advises. [PENDING: confirm data-security practices]

How it helps you

You spend less time on paperwork that does not need a licensed producer.

02

Carrier access

What you get today

30+ carriers, direct or through our master agency — backed by the SIAA network’s national carrier relationships. Direct appointments: [PENDING: list of direct appointments] · Through master agency: [PENDING: list through master agency]. BFII handles your carrier appointments.

How it helps you

You quote across markets, and your feedback shapes which carriers we pursue next.

03

Self-producing, fully supported

What you get today

You generate your own business. BFII provides the markets, the tools and the administrative help behind it — as a member of the SIAA national agency network.

How it helps you

You keep control of how you prospect and sell, without building a back office alone.

04

Quoting & agency tools

What you get today

EZLynx seat provided and paid by BFII. [PENDING: other tools offered — AMS, Glovebox, etc.]

How it helps you

Quote, bind and service without building your own stack.

Today

  • Back-office team for routine, non-licensed servicing
  • We track service demand by producer and product line

As volume grows

  • Add shared or dedicated CSR capacity when economics support it
  • Higher-producing books justify additional service infrastructure
  • Use BFII workload and cost data, not assumptions, to staff

No traditional employee benefits under the producer program. This is a 1099 independent-contractor opportunity.

11Is this you?

We hire licensed producers who want better economics.

“If you already know how to produce, we’ll give you a platform that pays for it.”

No costNo obligationUnder 1 minute

  • Licensed & producing

    You hold an active P&C and/or Life license and have been licensed for at least 3 years, in IN, KY, MI or TN.

  • Entrepreneurial

    You want independence, flexibility and compensation that tracks your production.

  • Relationship-driven

    You generate your own business: a network, a niche, or a clear plan to build one.

  • Multi-line minded

    You can write (or grow into) personal, commercial, life and annuities, subject to licensing and markets.

12What happens after you click

A clear process. You always know where you stand.

From signup to your first policy, every step lives in your candidate portal.

  1. 1

    Quick signup

    Continue with Google or sign up with email. Your account is created right there, then you confirm phone, state and communication consents.

    Under 1 minute

  2. 2

    Short video

    A 3-minute overview of the model, so your interview is about your situation, not our basics.

    About 3 minutes

  3. 3

    A few questions

    License, state, lines, years licensed, NPN and a couple of compliance questions.

    About 2 minutes

  4. 4

    Book interview

    A 30-minute Zoom interview with Brian Newlin, Head of HR at Ben Franklin Insurance & Investments.

    30 min · Zoom

  5. 5

    Get your answer

    Approved, on hold, or not selected, with a personal response in your portal. Approved candidates move into contracting.

    In your portal

Comparison itemCaptive agencyTypical independent agencyBFII
New-business shareCarrier-set commission rateVaries by agency60% of net for each client's first 12 months (up to 85% with the tiered first-year bonus)
RenewalsCarrier-setVaries by agency50% of net on producer-serviced accounts after the first 12 months (40% agency-serviced)
Carrier marketsOne carrierVaries30+ carriers
Quoting toolsCarrier's ownOften producer-paidEZLynx seat paid by BFII
LeadsVariesVariesSelf-producing role — you bring the business
Network behind youOne carrierVariesMember of SIAA, a national network of 5,200+ agencies (SIAA network figure)
Costs to youVariesOften desk feesNo desk fees · E&O covered by BFII
When you leaveVariesVariesVested share of the 40% renewal rate paid for the life of the policy while it renews through BFII (4-year vesting)

Bringing an established book? Talk to leadership.

Established producers can talk directly with leadership before going through the standard process.

[PENDING: booking URL]

13Questions

Straight answers.

Still unsure? Brian Newlin, Head of HR, will cover anything else in your interview.

Ben Franklin CareersYour next step

See your numbers. Then decide.

Start your application with Google or email, watch a 3-minute overview, and book a 30-minute Zoom interview with Brian Newlin, Head of HR at Ben Franklin Insurance & Investments. If it doesn't make sense to move, we'll tell you.

No cost to applyNo obligationUnder 1 minute

“The only limitation are those in your mind.” — Napoleon Hill