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Insurance Broker Caught Pocketing $137K Commissions by Forging Policy Applications

Insurance Journal

An insurance broker who collected nearly $137,000 in sales commissions by submitting fabricated insurance applications for end-of-life insurance policies in clients’ names without their knowledge, and used those clients’ personal and banking information to pay for those policies, was sentenced …

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SCDOI Orders Atlantic Coast Life and its Reinsurer to Cease Writing in the State

Insurance Journal

South Carolina regulators have ordered Atlantic Coast Life Insurance and its captive reinsurer, Southern Atlantic Re, to stop writing new policies by Tuesday, Dec. The carriers also were ordered to notify all producers about the cease-and-desist directive from the …

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Investment Grade Life Insurance?

The Insurance Pro

Key Things to Know The term investment grade life insurance is a marketing tactic used by agents to sell whole life insurance policies. While some whole life policies may be better suited for cash value maximization, there is no official designation for investment grade life insurance.

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Top 10 Reasons Consumers Need Final Expense Life Insurance

Final Expense Brokerage

June 22, 2024 4:22:33 PM Contact Us Share: Discover the top benefits of final expense life insurance and why consumers should consider it for their financial security. Final expense life insurance is a crucial component of this planning, providing peace of mind and financial relief for your loved ones.

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Is 10 Pay Whole Life Insurance Any Good?

The Insurance Pro

Key Things to Know 10 Pay Whole Life Insurance is a policy that guarantees a death benefit after 10 years of premium payments, making it a cost-effective option for those prioritizing a guaranteed death benefit. While it offers a lower total cost for a guaranteed death benefit compared to longer-term policies, it may not be.

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Paid Up Additions: The Magic of Cash Value Life Insurance

The Insurance Pro

Thepaid up additions feature of a whole life insurance policy is one of the most powerful components with respect to cash value accumulation. Keep Reading The post Paid Up Additions: The Magic of Cash Value Life Insurance appeared first on The Insurance Pro Blog.

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Top 10 Objections from Consumers When Presenting Final Expense Life Insurance

Final Expense Brokerage

June 5, 2024 5:22:33 PM Contact Us Discover how to handle the the most common objections clients make when selling life insurance. Share: The Sales Process When selling insurance, objections are an expected part of the process. Dealing with objections related to life insurance can be particularly tricky.