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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 …
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 …
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.
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 …
The Key to Success: Quality Leads One of the most common struggles insuranceagents face is finding high-quality leads. Key products to consider include: Whole Life Insurance : A staple for final expense agents, it provides lifelong coverage at affordable premiums.
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 …
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 …
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?
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.
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 …
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.
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. You may find various types of personal insurance and commercial insurancepolicies. Is selling life insurance a good job at 20 years old?
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.
Sarah, a life insuranceagent, regularly posts informative articles about the importance of life insurance on LinkedIn. Emily, an insuranceagent, sends personalized thank-you cards to clients after every policy purchase. Linda, an insuranceagent, features client testimonials prominently on her website.
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.
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.
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?
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.
How Final Expense Commissions Work Final expense insurance is typically sold as a simplified issue whole life policy, meaning no medical exams are required, and policies are issued quickly. If a policy lapses within the first six to nine months, the insurance company will take back your commission through a chargeback.
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 …
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).
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?
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. In this article, we'll delve into the factors that life insuranceagents should bear in mind when deciding on an IMO partnership.
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.
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.
Brokers should advocate for clients year-round, assisting with claims and policy updates. Be the Lighthouse In the often murky waters of insurance jargon and policy complexities, your role as an insurance broker is akin to a lighthouse. Be proactive about policy updates that might affect them.
Are you an insuranceagent scrolling through endless forums and blog posts, looking for ways to level up your Medicare Advantage sales game? Medicare Advantage Sales: The Golden Goose of Insurance Imagine getting paid not just once but every single year your client stays on a plan. Sell 75 policies? Not too shabby, right?
Avoid the “Shiny Object Syndrome” One of the top reasons new insuranceagents fail is because they chase too many opportunities at once. Imagine youre out in the field selling final expense insurance. A client asks if you can also help them with their auto or health insurance.
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.
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.
Understand Who Owns the Vehicle If your teen will be driving a family vehicle, they can likely be covered under your existing policy. A car titled in your teens name may require a separate policy, depending on your insurer. Our insuranceagents can check for insurance discounts that might be available to you.
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.
Identify the product lines they will sell (Medicare, ACA, Life Insurance, Ancillary). Create a Compelling Job Description Job Title: InsuranceAgent Responsibilities: Selling health & Medicare insurance under the agencys contracts, following compliance guidelines, and assisting clients.
For insuranceagents, this growing Medicare market represents a significant opportunity. Additionally, the rise in special needs plans (SNPs) and employer-sponsored group Medicare plans opens niche markets for agents to explore.
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. The post 5 workplace safety tips to implement this year. appeared first on Home.
Expand Your Portfolio: Why Every InsuranceAgent Should Offer Travel Medical Insurance Help Your Clients Travel with Confidence As an insurance professional, you work hard to ensure your clients are protected from the unexpected but what happens when they leave the country?
This article delves into the importance of fostering trust in insurance sales and offers practical tactics for insuranceagents to gain their clients' trust. The Importance of Trust: Basis of Connections: Trust lays the groundwork for any relationship, including the bond between insuranceagents and their clients.
AgencyBloc Simplify your business operations with AgencyBloc, a cutting-edge CRM platform designed for insuranceagents. Features include: Client Management Tools: Keep track of policies, renewals, and client communications. Agent Methods Build a professional online presence with ease.
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