Know The Kind of Life Insurance Agents You Deal With

A majority of people today use insurance agents to acquire insurance policies for their homes, vehicles and life. When trying to acquire life insurance, it is especially important to know the kind of agent you are dealing with. A good life insurance agent should be trustworthy, available in a moment's notice or whenever you need them, knowledgeable in all aspects of this field of insurance, and professional as well as ethical in every respect. A good agent will supply you with essential details without you having to ask for them. Even after interviewing the agent and you are still uncertain about certain issues, a good one goes out of their...

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Types of Insurance Agents

Let's start off by going over the basics types of insurance agents. Are their different types you ask? Yes!We will start with your captive insurance agents. They are called captive agents because that is exactly what they are. They are captive to one insurance company and can only offer you insurance products from the company they represent. Examples of some captive agent would be a Farmers, Allstate, American Family, Nationwide...etc. Not the best route to go if you want an agent who can help you shop for the best deal on your insurance. No matter if it is insurance for your home, car, life, health, business, etc a captive agent can only get...

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Small Business Legacy

Small businesses have overlooked needs that affect not only the business owners and employees but also the owners' families. A big need is the business continuity for the owners, partners, stockholders, and the families involved.For producers who either know a lot about business insurance or want to help their prospects who may be exposed to this issue, a great way to start the conversation is to ask a prospect what he or she wants to happen to the business when he dies. There are three basic options:1. Keep it. 2. Sell it. 3. Liquidate it.The producer can look at each of these options with his or her prospects by asking effective questions,...

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How Does a Financial Stability Discount Affect My Insurance Rates?

Many insurance companies state that they use credit scores to determine rates if you look closely through your insurance paperwork. Using credit scores helps insurance companies determine the likelihood of future claims. In total 49 states allow insurance companies to use financial stability as a discount in calculating rates; the only state that prohibits it is California.How is the Financial Stability Discount Determined?Companies that use the financial stability discount use a scoring system that is kept hidden from the public. What is evident is that the system does not use your true credit score but your payments are influenced and based...

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