Affordable Insurance Plans, insurance coverage, health insurance quotes

i am an life insurance agent but i want to convert to a broker. How would i become affiliated /connected with different life insurance cos. to provide quotes to customers/clients

If you have been in the Insurance field for any length of time you should already know this, but I might be able to clear away any remaining "fog" you might have.

First, if you are a captive agent, you have to terminate your contract with the company you work for. If you are an independent agent, you have to terminate agreements you have with any and all GA’s, or MGA’s you are entered into.

You then approach every insurance company whom you want to market their product line and sign their GA (General Agency) agreement, or MGA (Master General Agency) agreement. An MGA usually has GA’s who recruit indie’s, (independent agents) to sell for them. MGA’s provide guidance, knowledge, and experience to GA’s, who do the same for their sales force.

To answer your origianl question, you wil be provided software, (updated via internet) that you can download to your laptop to give "instant" illustrations.

Where are you in this matrix?
Good luck to you.

And I would appreciate some links to helpfull info.

It’s always a good idea to get as many perspectives about a product you’re considering and that would include talking with insurance agents and brokers. Brokers do represent you, unlike agents that represent insurance companies. However, they only can offer you health plans with companies they have relationships with, so you might be able to accomplish the same task if you speak to multiple state-licensed health insurance agents.

Before you begin speaking to insurance experts, I would make sure you already know what kind of health plans appeal to you. Most health plans differ according to:

1.Price – monthly premium, annual deductible, coinsurance, copayments, etc.
2.Access to health care – the ability to self-refer to specialists you’d like to visit and greater freedom in undergoing treatments and medical procedures.
3.Financial stability of the issuing insurance company.

Below I’ve listed links to three guides to understanding and selecting a health plan. When you’ve narrowed down your list of insurance companies and decided which health plan model you’d like to use (traditional fee-for-service, PPO, HMO, etc.), try visiting MostChoice.com. You can compare health plans online through prices and policy descriptions, and you can also speak to multiple locally licensed health insurance agents and brokers without any obligation.

You can find it here: http://www.mostchoice.com/health-insurance.cfm

Hope this helps,
Barnes @ MostChoice.

After some damage in my rented apartment, I called my broker (first time in 14 years) to make a claim. After a lot of talking, he says the insurer cannot help me. I contacted the insurer directly and they say they will do it. Why am I paying a broker who keeps me from getting my claims settled? Next time, I will go directly to an insurance company.

I have actually seen this happen first hand.

I’ll tell you why, and then you fire your broker. You can fire the broker, and keep the same company, by just calling the company and asking them for a few names of alternative agents in your area, then just transferring your insurance to a different agent with a broker of record letter. The new agent would be happy to help you with that paperwork.

See, that broker gets paid commission for your policy. But he ALSO gets paid "contingencies" based on his claims. If, as a whole, for that company, the insurance company pays out less than 50% of what they took in, they’re going to write him a big fat check for up to 10% of all the premiums he’s written with them. So, I’ve actually seen, real, live, agents discouraging the filing of claims. And not in the best interest of the client (because I’ll do that, you don’t want to claim every paperclip you lose, the surcharges will KILL you), but in the interest of their commission overrides – called Profit Sharing.

i dont trust online quotes – just run a couple of them and each time i run they show other numbers

Try confused.com
or google search asking for London insurance brokers

i dont trust online quotes – just run a couple of them and each time i run they show other numbers

Try confused.com
or google search asking for London insurance brokers

You have stated that the problem is that you can only write business for one provider, but a lot of principals offer a panel of insurers to choose from.

An appointed Rep only writes for one company. There are a few exceptions. Brokers write for many.

You have stated that the problem is that you can only write business for one provider, but a lot of principals offer a panel of insurers to choose from.

An appointed Rep only writes for one company. There are a few exceptions. Brokers write for many.

I put $450 down for auto insurance and cancelled two day later because insurance broker gave me wrong information. Can I get my money back?

Did you cancel in writing?

You probably have to. You will be charged for the days that the policy was in force.

Good luck

Apart from livestock insurance, i also wish to go into Pet (i.e dogs and cats) insurance.

A second job.

I can’t imagine there are enough people wanting to buy a "livestock insurance" policy, to support a broker.

But, it’s a property/casualty line of business. So you’ll have to take the test to get your license, and then find an insurance company willing to let you sell their policies.

Ive just applied for school, and hopefully by the end of the month, I’ll be a certified level 1 insurance broker. This will be my first professional job. Just wondering if anyone in the business can answer these questions!

Is it good pay?
Do you like being in this profession?
is it hard?
etc.
Anything you can tell me, warn me, ANYTHING at all, would be helpful!

Thanks for your help

95% wash out the first year, because it’s straight commission sales. If you can sell, that’s great.

The ones who make it, can make VERY good money – but it’s LONG LONG hours the first few years, until you’re established.

In my personal opinion, the younger you are, the harder it is to sell insurance to people – there’s an inherent credibility issue.