Pros
If you are able to generate a steady stream of life cases from the wirehouse/bank/IDB firms that you are assigned to cover, you can largely set your own schedule and work from home if you choose. You can lease a car from them (you pay the monthly lease pmt) and they will cover the routine maintenance costs.
Cons
You have little, if any, say in which firms you'll be servicing, and the productive ones will already have coverage by the seasoned wholesalers in the office. The administrative reporting requirements, regarding which insurance pitch you used with your assigned brokers, case closing probability, etc., are tremendously time consuming if you are not at a production level where you can afford to pay for your own secretary (they do cover some of the cost)