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With six sailboats and a motorboat, I consider myself an enthusiast, though my insuranceagent probably sees me as a … The post Boatowners Beware! Buy a Marine Policy Rather Than Relying Upon a Homeowners Policy For Coverage appeared first on Property Insurance Coverage Law Blog.
A North Carolina insuranceagent is awaiting a court appearance next week after he was charged with fraudulently taking out a life insurancepolicy with Southern Farm Bureau Life Insurance Co. The North Carolina Department of Insurance said that Matthew …
What This Means for Agents: No Change to Current SEP Processes Agents can continue submitting applications for the Disaster/Emergency SEP directly with plans. Until then, agents should continue following existing procedures. Medicare Agent resources However, this requirement will no longer be implemented.
This post is part of a series sponsored by Darkhorse Insurance. Being an insuranceagent isn’t just about selling policies; it requires a combination of knowledge, dedication, and skills that help you succeed in a highly competitive industry. Whether you’re …
Federal courts are creating an almost impossible barrier for policyholders trying to hold their insuranceagents accountable for negligence involving National Flood Insurance Program (NFIP) policies.
Jan 29, 2024 3:23:31 PM Contact Us Share: Final expense insurance is a niche that offers tremendous potential for agents looking to serve seniors and their families. However, for those just starting outor even those whove been in the game for a whilenavigating the complex world of final expense insurance can feel overwhelming.
I often wonder if insuranceagents read the insurancepolicies they provide to their clients before selling the product. Why do insuranceagents sell policies with clauses that require disputes to be in faraway places? appeared first on Property Insurance Coverage Law Blog.
Insurance policyholders do not read the insurancepolicies that are sold to them. The insurance contracts are not even provided to the policyholder until after the product is purchased.
Final expense insurance is one of the most lucrative life insurance markets for independent agents, offering high commission payouts, fast approvals, and steady client demand. This guide will break down the average final expense commission rates, factors that impact earnings, and what you can expect as a new agent.
The duties of an insuranceagent to the policyholder will differ depending on state law. Yesterday’s post about a Michigan coverage case, Order and Bind Insurance Before the Loss—Commercial Policy Covers Water Damage Under Drain Backup Endorsement, noted that there was also an issue with insuranceagent negligence.
A former Ohio insuranceagent was sentenced this month to five years of probation for thefts exceeding $1.4 Rhonda Chandler, of the Columbus area, stole and misappropriated funds, including premiums for pre-need life insurancepolicies, commonly known as burial …
With six sailboats and a motorboat, I consider myself an enthusiast, though my insuranceagent probably sees me as a … The post Boatowners Beware! Buy a Marine Policy Rather Than Relying Upon a Homeowners Policy For Coverage appeared first on Property Insurance Coverage Law Blog.
Introduction: Hiring the right licensed-only agents (LOAs) is a critical step in scaling your agency or call center. Whether you're looking to expand your Medicare, ACA, Life Insurance, or Ancillary product offerings, finding top-tier agents can help you increase sales and streamline operations.
When your home is damaged, it’s natural for most homeowners to call their insuranceagent. Your agent is usually the first person who comes to mind because they sold you the policy. But insuranceagents don’t handle claims. That job belongs to an adjuster.
Jun 30, 2024 5:13:42 PM Contact Us Share: Learn how to effectively address objections as an insuranceagent and increase your sales success. Understanding Common Objections As an insuranceagent, it is important to understand the common objections that consumers may have when it comes to buying final expense. Learn More
The Michigan Department of Insurance and Financial Services (DIFS) is encouraging Michiganders to carefully review and understand their existing insurancepolicies with a licensed insuranceagent or trusted advisor, and to shop around to ensure the best coverage to protect …
If selling insurance was so easy, then why is it that roughly 10 percent of the independent insuranceagents generate the vast majority of the sales? Are all independent agents good salespeople? The odds of succeeding selling insurance are against you, so listen up and let’s see if we can help you beat the odds.
For insuranceagents, managing chargebacks and financial obligations responsibly is a crucial part of building a successful career. One of the most significant consequences of unpaid debt in the insurance industry is being reported to Vector Onea reporting agency that tracks outstanding producer debt. What is Vector One?
This post is part of a series sponsored by Darkhorse Insurance. An independent insuranceagent represents multiple insurance carriers, offering a diverse array of policies to meet the distinct needs of their clients. The freedom to choose from various carriers …
The movie tackles the lives of stockbrokers and also talks about the life of their partners, insuranceagents. 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.
May 15, 2024 11:34:08 AM Contact Us Uncover the secrets behind insuranceagent commissions and learn how to maximize your earnings in this competitive field. Share: Exploring the Basics of InsuranceAgent Commissions Insuranceagent commissions are part of the reasons people are interested in becoming agents.
This guide delves into tools, methods, and tactics that can help you advance your career from being a decent agent to truly excelling. Utilizing the Benefits of CRM Software: A crucial tool for a life insuranceagent is a Customer Relationship Management (CRM) software. This often led to delays and missed opportunities.
It looks like you’re here to learn how to become a Medicare insuranceagent? This article breaks down the 8 steps required to start and maintain a successful career in Medicare sales and build a residual six-figure income in five years or less (I’ve coached many agents who have accomplished this in 24 months or less).
At PSM Brokerage, we are more than just a resource for insurance agentswere your partner in success. With a diverse product portfolio and a suite of powerful agent programs and services, we provide everything you need to grow your business, serve your clients, and reach your goals. Ready to Elevate Your Business?
A well-crafted personal brand not only sets you apart from other agents but also builds trust and credibility with your clients. Define Your Unique Value Proposition Identify Your Strengths: Determine what sets you apart from other agents. Are you particularly skilled in a specific type of life or health insurance?
In today's digital age, social media has become an invaluable tool for insuranceagents looking to expand their client base. Here’s how to effectively use social media ads to find clients as an insuranceagent. Example: Targeting New Parents If you sell life insurance, targeting new parents can be highly effective.
IMOs play a pivotal role in supporting agents, providing resources, and creating growth opportunities to help them achieve their objectives. With a multitude of IMOs out there, it's crucial for agents to thoroughly assess their choices and pick a partner that matches their requirements and goals.
For insuranceagents selling final expense policies , staying informed about the funeral industry and consumer trends is essential. The more you understand about how people are planning and paying for funerals, the better you can position final expense insurance as a solution for your clients.
A well-crafted fact finder is one of the most powerful tools an insuranceagent can use to build relationships, close sales, and set the stage for future sales opportunities. A fact finder is a structured document or questionnaire that insuranceagents use to gather essential details about their clients.
May 11, 2024 10:44:08 AM Contact Us Are you interested in becoming a life insuranceagent? Share: Understanding the Role of a Life InsuranceAgent As a life insuranceagent, your primary role is to help individuals and families protect their financial future by providing them with suitable life insurancepolicies.
Your relationship with your insuranceagent is an important one. Wondering how to choose an insuranceagent? Are you a direct/captive agent or an independent agent? Agents who represent only one insurance company are called direct or captive agents. What are your credentials?
One of the most common mistakes I see in the final expense insurance industry is agents trying to diversify too soon, before they have developed real competence in final expense sales. If you look at successful agents in final expense, the vast majority are 100% focused on this market. This isnt a coincidence.
For insuranceagents, this growing Medicare market represents a significant opportunity. Agents who specialize in Medicare can position themselves as trusted advisors, helping clients compare Medicare Advantage, Medicare Supplement, and Part D prescription drug plans.
Lets explore the top five metrics every insuranceagent should monitor for smarter decision-making! Key indicators include the total number of policies sold, premium revenue generated, and average policy value. This metric indicates the percentage of clients who renew their policies upon expiration.
In today’s fast-paced world, we often rely on others to handle essential tasks, and insurance is no exception. Trusting your insuranceagent is crucial, as they play a vital role in protecting your assets. Here’s what happened: The client requested to add a home to their insurancepolicy.
Heres how you can elevate your customer service game as an insuranceagent. Be Proactive, Not Reactive The best insuranceagents dont wait for their clients to reach out with concernsthey stay ahead of the game. How you can apply this: Schedule annual policy reviews to ensure clients have the right coverage.
To get support with these workplace safety tips, talk to a local, independent agent today. The blog content is not intended to serve as professional or expert advice for your insurance needs. Contact your local, independent insuranceagent for coverage advice and policy services. But youre not alone.
Post weekly updates about new policies, discounts, or helpful insurance tips to engage visitors and increase visibility. Integrate these keywords into your website’s pages (homepage, service pages, insurance blogs ) and Google Business description. insuranceagent in [your city]”) in your GBP and across your website.
Technology is reshaping the way insuranceagents do business, and at the forefront of this transformation are artificial intelligence (AI) and automation. With the right tools, agents can now work smarter, close deals faster, and provide a better experience for their clients.
This is for existing P&C insuranceagents who want to learn how to get started selling life insurance. It’s easy… it’s really, really easy to learn how to get started selling life insurance. Prospect, this is (Agent Name) from (XYZ Agency Name). Check out this video on 3 paths to selling more life insurance.
Data-driven decision making can help improve retention rates by helping agents understand policyholder behavior and make adjustments proactively, before customers shop for other options. Here are some ways agents can use data analytics to improve retention rates. They may also need homeowners coverage and life insurance.
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: When clients bring up the cost of final expense insurance, it’s often rooted in the worry of affording premiums on a fixed income. Why is it so expensive?”
Discover how to get business insurance tailored to your company’s needs. This blog covers essential policy types and tips for working with your insuranceagent to ensure your business is fully protected. The post How to Get Business Insurance: A Comprehensive Guide appeared first on Central Insurance Blog.
Introduction to Final Expense Insurance Final Expense Insurance is a small whole life insurancepolicy designed to cover end-of-life costs, such as funeral expenses, medical bills, and other outstanding debts. These plans are affordable, straightforward, and a valuable addition to any insuranceagent's portfolio.
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