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What is a Managing General Agent (MGA) in Insurance?

Distinguished

A Managing General Agent (MGA) is a specialized type of insurance intermediary that has underwriting authority granted by an insurer. Unlike agents or brokers, MGAs can bind coverage, price policies, and handle claims they essentially act as an extension of an insurer.

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How to become an insurance agent? Ultimate guide

Friendly Agent

The movie tackles the lives of stockbrokers and also talks about the life of their partners, insurance agents. The world of insurance selling can be overwhelming. Among the first steps is to learn the responsibilities and preferences that agents must have. There are Property and Casualty, Life/health insurance, and more.

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How To Become a Life Insurance Agent

Final Expense Brokerage

May 11, 2024 10:44:08 AM Contact Us Are you interested in becoming a life insurance agent? Share: Understanding the Role of a Life Insurance Agent As a life insurance agent, your primary role is to help individuals and families protect their financial future by providing them with suitable life insurance policies.

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Handling Sensitive Questions with Compassion: How Agents Can Address Final Expense Insurance Concerns

Final Expense Brokerage

In final expense insurance, agents often deal with sensitive questions that touch on the client’s financial worries, family security, and end-of-life concerns. The Concern: Some clients may doubt insurance companies’ reliability, especially if they’ve heard of disputes with claims. How to Respond: Build transparency.

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Best Practices for Digital Claims Management for Agents and Brokers

American Agents Alliance

Every part of the insurance lifecycle is changing in the digital age, including the handling of claims. Agents and brokers play important roles in the digital claims management process, from educating policyholders on loss mitigation to helping insureds file claims and work with their insurers.

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How to Provide Exceptional Customer Service as an Insurance Agent

PSM Brokerage

Heres how you can elevate your customer service game as an insurance agent. Be Proactive, Not Reactive The best insurance agents dont wait for their clients to reach out with concernsthey stay ahead of the game. How you can apply this: Use plain language when explaining policy details and benefits.

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Establishing Trust in Insurance Sales

Final Expense Brokerage

This article delves into the importance of fostering trust in insurance sales and offers practical tactics for insurance agents to gain their clients' trust. The Importance of Trust: Basis of Connections: Trust lays the groundwork for any relationship, including the bond between insurance agents and their clients.