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Well this didn't end as I'd hoped...

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Well this didn't end as I'd hoped... Empty Well this didn't end as I'd hoped...

Post  ColtsKurt on 3/8/2019, 5:10 am

It will be interesting to see who still comes here to check in.

You may recall, back in March 2017, I had a rather eventful month. The lovely bride went in to the hospital for her 2nd hip replacement and I sold Fieber & Reilly, the insurance agency I'd owned and operated for 25 years. Her surgery, well, not the hip but other parts - namely heart - went a bit bonkers. This culminated with her being wheeled into ICU about the same time I had to leave to attend the meeting to sign the papers and pick-up the check to sell the agency. Wild day, for sure. I received 50% of the proceeds at closing, with the remaining split into two annual installments. The last being this month, March 2019. Her issues stuck around - not to the extent of that day, but we now have a close relationship with her cardiologist and pulmonologist. So lets fast forward to March 2019. I received my second - and final - installment on the sale last week. Also earned the second - and final - retention bonus. (I had to retain 90%+ of premium volume of the original book of business purchased to earn it. Industry average is mid 80s.) I hit just shy of 95%. Mission accomplished, I'd say.

This week I was told my services were no longer desired. My security pass/ID, keys, and laptop were collected... I was given a couple boxes to pack my shit and shown to the door.

The first time in my life I have ever left a job without it being my decision. The plan was to work until at least 65 - likely longer. The plan was to be able to allow the lovely bride retire, add her to my insurance, then wait it out to Medicare-time. Her issues do not allow us to be without insurance. Hell, we satisfy her deductible AND out of pocket max during April each year.

I have come to the conclusion that they executed their plan. Buy the business - have Kurt retain and solidify the business - cut him loose as the final payment is made.

FUCK THEM. one_finger_salute
ColtsKurt
ColtsKurt
Speaker of the House

Number of posts : 3910
Age : 63
Location : Home of the 2006 SuperBowl Champion Indianapolis Colts
Registration date : 2006-08-24

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Post  Magic on 3/8/2019, 1:44 pm

Figures

You can't believe a word they say until seconds after the deal is done.

Pricks (no contract to have you still there until you are 65?)
Magic
Magic
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Post  ColtsKurt on 3/9/2019, 7:16 am

No. Indiana is an "employment at will" state. If they don't like the color of your shoelaces, you can be terminated.

ColtsKurt
ColtsKurt
Speaker of the House

Number of posts : 3910
Age : 63
Location : Home of the 2006 SuperBowl Champion Indianapolis Colts
Registration date : 2006-08-24

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Post  Magic on 3/9/2019, 12:40 pm

Never heard of that before so I had to look it up.

https://en.wikipedia.org/wiki/At-will_employment
Magic
Magic
Cadre / Quantum Treasurer / King Moderator/CEO

Number of posts : 8100
Age : 62
Location : Mount Zion
Registration date : 2006-08-20

http:// https://tinyurl.com/Original-Bookie-Challenge

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