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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 Connecticut agent for Allstate Insurance may be sued by an insured who faults the agent for not renewing a flood insurancepolicy in a timely fashion, thereby depriving the insured of the benefit of lower “grandfathered” flood insurance coverage.
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 …
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.
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.
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.
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.
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.
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 …
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.
Five people have been charged in a large-scale insurance fraud scheme involving misrepresented life insurancepolicies that resulted in fraudulent commissions totaling over $1.4 The five, which include a former insuranceagent, reportedly fraudulently obtained more than $1.4 million …
An insurance broker who collected nearly $137,000 in sales commissions by submitting fabricated insurance applications for end-of-life insurancepolicies in clients’ names without their knowledge, and used those clients’ personal and banking information to pay for those policies, was sentenced …
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.
Florida’s state-created Citizens Property Insurance Corp., the largest insurer in the state, has suspended binding on policies, statewide, as yet another hurricane approaches from the Carribbean Sea and Gulf of Mexico. 4, “Agents may not bind … As of Monday, Nov.
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 …
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. or "Message us to learn more."
The New York personal lines carrier Adirondack Insurance Exchange (AIE) is facing financial difficulties and has told its agents and customers that it is working on a transition plan for all existing policies. The insurer urged agents and customers to …
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 …
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.
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?
Independent agents play a critical role in helping clients find the right home insurancepolicies for them. They are also instrumental in sharing information about general safety considerations for homeowners, which is especially essential during the summer when risks tend …
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 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.
If youre serious about selling final expense insurance , partnering with the right Final Expense Field Marketing Organization (FMO) is one of the most important decisions youll make. A Final Expense FMO is essentially a wholesaler in the insurance industry. What Is a Final Expense FMO? What Makes a Good Final Expense FMO?
Introducing Life Insurance 101: A Turn-Key Presentation for Agents At PSM Brokerage , we know that educating clients about life insurance can sometimes be challenging. What Is Life Insurance 101? Life Insurance 101 is fully customizable! Download Your Life Insurance 101 Presentation Today!
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.
The global economy is increasingly interconnected, and even in industries like insurance, global issues like supply chain challenges, tariffs, and trade agreements can have significant impacts. While the relationship between tariffs and insurance costs can seem unrelated, tariffs can increase costs for insurers and policyholders.
A former Friendswood, Texas insuranceagent turned himself into authorities last week over charges that he fraudulently brokered insurancepolicies, the Friendswood Police Department announced. Edgar Peralta of Edgar Peralta with Peralta Insurance Brokerage LLC, is charged with theft, a …
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.
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. Why Focus Matters in Final Expense Sales Selling final expense insurance isnt just another insurance sales job, its a full-time commitment.
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.
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.
I always tell agents that if they want to make a real career out of final expense sales, they should aim to spend at least $1,000 per week on leads. E&O Insurance (Errors & Omissions Insurance) Most carriers require E&O insurance to protect both you and your clients.
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).
Jul 3, 2024 5:23:42 AM Contact Us Share: Learn how to leverage your own brand to boost revenue in your insurance business. In today's competitive insurance industry, developing a strong personal brand is essential for standing out and building a loyal client base. Do you offer exceptional customer service?
When discussing final expense insurance with clients, agents often encounter misconceptions that can prevent clients from seeing the value of these policies. This blog breaks down common myths and misconceptions surrounding final expense insurance, offering agents clear strategies and examples to educate and reassure clients.
Increasing inbound calls is vital for any insurance agency looking to grow its client base. Below is a tactical plan that outlines practical steps you can take to enhance your online presence and generate more inbound calls from prospective customers actively searching for insurance services.
Introduction: Choosing the right Independent Marketing Organization (IMO) is crucial for success in the life insurance industry. IMOs play a pivotal role in supporting agents, providing resources, and creating growth opportunities to help them achieve their objectives.
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.
Introduction: Becoming a life insurance professional goes beyond just mastering the fundamentals. This guide delves into tools, methods, and tactics that can help you advance your career from being a decent agent to truly excelling. It entails commitment, continual growth, and a willingness to exceed expectations for your clients.
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?”
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