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How to Add Selling Final Expense Insurance to Your Insurance Agent Business

Final Expense Insurance Is All Some Can Afford Or Qualify For (Don’t Miss the Money)

If you are looking for a product that is easy to promote, can supplement your revenue, and give your clients some peace of mind, then selling final expense life insurance for low-premiums and simplified underwriting should be right up your alley.

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Insurance Commission Advanced Versus As Earned

As Earned or Advancing Insurance Commissions (Which One Is Best)

The prospect of starting in the insurance industry is exciting as it is promising. And if you are going into the field of insurance from an hourly or salaried profession, it’s likely that you’ve spent considerable time wondering about how agents generate income.

Insurance agents do get paid. But an agent’s “salary” isn’t really salary per se. In the insurance business, your “salary” comes in the form of commissions.

Your commissions may vary depending on a lot of factors, but primarily on whether you are a captive or an independent agent. Regardless of the type of agent that you are, it’s important to decide on whether you should take advanced or earned commissions at the start of your insurance career.

In this article, TR King Insurance Marketing, a trusted FMO for Medicare supplement insurance, life insurance, and other types of insurance products, will help you learn more about commissions. We will also weigh the pros and cons associated with advanced and earned commissions, to help you go for the commission type that will help you achieve financial stability in this field.
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Which Carriers Require Errors and Omissions Insurance (E&O Insurance)

Which Carriers Require Errors and Omissions Insurance

Taking a break from the 20-year-old reports in front of him, former homicide detective Louis Scarcella looks outs from the witness box in a Brooklyn courtroom. A row of indignant men wearing hats with the words “Wrongfully Convicted” printed on them look back at him. These men, who are now exonerated, are the same ones he helped arrest and imprison decades ago for crimes they did not commit. As it were, the men were framed.

As Mr. Scarcella testifies at the wrongful conviction hearing, one of the victims of the failure of justice, Derrick Hamilton, can’t help but voice his sentiments. It really bothers him, Mr. Hamilton says, that Scarcella hasn’t been arrested, while he and many other wrongfully convicted men are forever labeled as criminals.

Situations like this and other forms of professional liabilities are not limited to the forensic industry, though.

No matter what business you put up or what industry you specialize in, there will always be risks that stand in the way of your path to success. These risks include honest mistakes that can damage your reputation or ruin your livelihood. But such risks also include accusations of making an error and compromising your clients.

Despite the potential negative feedback and other fallout, though, you still need to take risks for your business to stabilize and flourish.  Protect the business from negative outcomes and costly legal action through errors and omissions insurance (E&O), otherwise known as professional liability insurance.
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Single People Need Life Insurance Too, Life Insurance Agent Tips for Initiating the Conversation with a Single Client

Life Insurance Agent Tips for Initiating the Conversation with a Single Client

There is a misconception among unmarried individuals that without any dependents, it’s okay to put life insurance in the back burner.

In the absence of family members who may be significantly impacted by their sudden loss, single individuals may feel that there’s no need to engage in advanced financial or estate planning to mitigate the risks. Some people, on the other hand, refuse to think of what life insurance is protecting them from: illness, fire, liability, and even death.

As an insurance agent, you know that regardless of your client’s demographic, life insurance can mitigate the damage they’ll experience in the occurrence of such events. The problem is, even if you have a no-fail approach that works for couples and clients with families, dealing with unmarried clients is a unique challenge altogether.
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What You Should Know About How Consumers Purchase Insurance Today

What Agents Should Know About Client’s Approach To Purchasing Insurance

From retail to real estate, technology makes a diverse range of industries more accessible to consumers. Artificial intelligence is even expected to boost retail profitability by up to 60 percent. So, why should health insurance be any different? More consumers are searching online for​​​​​ your insurance products every year, so what’s stopping you from going digital?

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