Best Life Insurance Companies For Independent Agents

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Personal insurance agent

Have conversations with potential clients. Explain your situation and request a quote. Just asking them doesn’t mean you have to work with them. This is an opportunity for you to see how it works and whether you are comfortable with it.

There are two types of insurance agents:

Autonomous Agents – These are people who own a small business who represent or are affiliated with a number of insurance companies.

B- Direct Insurance Agents – The direct insurance company sells to you directly without an agent, usually via the Internet.

The best choice:

Go with the independent agent because they have the opportunity to offer you the best rate and coverage for your needs. They have all the data that they can compare between insurance companies. They sell a variety of insurance and financing products, including property, life, accident, health, disability, and long-term care insurance. They are your one-stop shop for insurance needs.

2. Credentials

An informed insurance agent can provide advice when determining the coverage and restrictions a client needs to protect his family and investments. An insurance agent who has credentials has a certificate of qualification, authority or competence and is a guaranteed professional in the field of the insurance industry.

It’s nice to have:

  • CFP – Certified Financial Planner.

  • CLU – life insurance underwriter

  • CPCU – Property and Casualty Insurance Underwriter

  • ChFC – Certified Financial Advisor

  • PFS – Personal Financial Specialist

  • CIC – Certified Insurance Consultant

  • ARM – Associate of Risk Management

The license

Before purchasing insurance from an insurance agent, make sure the agent has a license to sell insurance. It is like seeing a doctor when a patient is required to obtain a license before he can provide a prescription. Each state requires insurance agents to obtain a license to sell the policies. Some states require separate licenses to sell property and accident insurance in exchange for life and health insurance.

3. Customer feed back

While checking if the agent is licensed, also check to see if complaints have been lodged against it. For the company, you can check with the NAIC’s CIS or contact the state insurance department. The insurance department can also inform you if any complaint has been filed against the agent. You can also check with the Better Business Bureau to see if any consumers have made complaints – or courtesies – about the agents you are considering.

4. Ask questions

It’s okay to ask questions when looking for an agent. In fact, you should be asking questions when deciding who you want to work with. Some good questions are:

  • What are your areas of expertise?

  • What is your arrival? Are you a statewide local? nationally?

  • What is your experience in my field? How many years have you been writing this type of insurance?

  • Do you have any references for clients?

  • How long have you been in business?

  • How many companies do you represent? Any one?

Of course, there are a lot of factors to consider when choosing an insurance agent. Write down the most important things when trusting someone to provide you with the best coverage of your business needs. You always have the option to switch agents, but it’s much better to do your research beforehand to find a great insurance partner.

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