life insurance agents?
349834
I'm an insurance agent.\nYou're asking specific questions that will vary depending on the company. Some people do very well, others do not do quite as well. It is rare to find any subsidy in the life insurance/financial services only market. If you want to go into insurance sales (which CAN be extremely lucrative), I'd go into P&C also. The renewals come faster and more often.\nPeople who do life insurance/investing/financial planning only tend to do well when they are very well connected and know people with a lot of assets. If that doesn't describe you, ask your company how they're going to get you leads. Chances are, they're not, and the lead biz is tricky.\nIf you're not used to sales (that is, a lot of people saying no before they say yes), then it's going to be hard. However, it can be very rewarding. After a couple of years (unless you're super-stellar), you should be making six figs.\nI'd say first year, plan on between $40 and 70k, REALISTICALLY. \nWhat company is it? I can probably tell you more w/ that info.
70015
Insurance agent.  You bring in new clients and make some money, then you have a residual income from their policies that you sold to them.\n\nThe first 3 years is very hard since you are getting new clients.  If you are good and make it pass the 3 years, your clients will start to refer prospects to you and you will be doing well after 5 years.  Every policy that you wrote will generate a residual income and with enough policy, you job will servicing and getting better clients.
127544
Life insurance - seek out a Financial Planner who specializes in insurance and estate planning. DO NOT go to a captive agent (who will sell you whatever his company has to offer) or to anyone who uses a "multiple of salary" approach to determining your need for coverage. Online insurance sites are going to quote only term life for you, which may very well be the right thing, but it may not. The bottom line is to avoid anyone who is going to make their product fit your situation in order to make a sale.\n\nWills - be careful with DIY kits/software. Wills and trusts are usually controlled by state laws which can and do vary from state to state. DIY kits tend to use generic language which might cause propblems in some states. A worthwhile attorney will meet with you free of charge initially and will tell you how much your wills and trusts might cost to set up. If you must go DIY, make sure the software is very up to date and state specific.\n\nIf you happen to be near Philadelphia, PA check out my website, www.acanthusassociates.com and let me know if I can help you.
601363
In many life insurance companies, no one is covered if the owner of the policy commit suicide. Some companies have a suicide clause where you are covered for a certain amount of time when you commit suicide. For a beneficiary to claim life insurance proceeds, a proof of death is required.\n\nRemember, if you are choosing term, you want to choose the maximum length available like 30 years. And also, you want to invest in mutual funds at the same time (you should put away $100/month into it if you understand the Dollar Cost Averaging concept).
925306
My condolences about your friend and her loved one.\n\nI’ve linked to articles describing how to choose a life insurance and how to calculate how much life insurance you need. I’ve also linked to online calculators to help you figure it out. Deciding how much life insurance is enough is a very personal decision – what’s right for you might not be right for someone else.  I’ve also linked to an article about what to look for in renewable term life insurance.\n\nYour concentration on the life insurance company is a good idea, since your life or disability policy will only be as solid as the financial strength of the insurance company you choose. After you read the articles below and get a firm idea of what kind of policy you’re looking for, try visiting MostChoice.com. You can compare insurance policies online quickly and speak to multiple insurance agents working in your community – all without any obligation. It’s a quick and simple way to swiftly survey the local insurance market, and MostChoice provides information on more than 140 companies with A+ or better financial ratings.\n\nYou can find MostChoice here:\nhttp://www.mostchoice.com/life-insurance.cfm\n\nHope this helps,\nBarnes@MostChoice
634371
I wouldn't buy life insurance online. It's not safe and you don't know what you are getting yourself into. You should talk to an agent directly and ask bunch of questions.\n\nGetting $500,000 coverage for $22 may sound good, but there must be something fishy about it. It may be a temporary life insurance (known as term) and it may only last 10 years. When it is time to renew, its going to get expensive and you may get a phone call to buy whole life, universal life, or variable life insurance, which are very expensive.
613809
check the yellow pages for Independent Insurance Brokers or Agents- they represent many different liability insurors- check under general insurance or liability insurance not life or auto ins-that should do the trick for you- good luck to you !!
137362
Here is some info on life insurance: http://www.insuremylife.org/info.html
587930
what is financial services?? today, does that mean advice only for a fee?? if so, i feel that is rather limited in its reality.. i started out as a CPA-then felt i liked people more than paperwork-although accounting has both..i went into life insurance sales- straight commission , essentially..i felt life ins. is a great tool for protection, savings, disability, and tax advantages--it is most usefull in financial & estate planning, yet most people are never asked to buy any by anyone !!all most people have is group life at work !!this is a great way to start building a clientele-not easy, yet a real challenge & women are very security concious and can be good savers!! women like to deal with other women, so if you have good people skills, you would be a very good candidate for this !! insurance allows you to make your own hours after you are established, and work from home with flexibility-i went to all my childrens events at their schools-priceless , you bet !! after learning all my basic skills from my first company- i became an independent insurance broker-representing many different cos at the same time- studied and became an LUTCF-life underwriter training council fellow-3 yrs of study & exams-learned a lot!! much later became a CFP only to prove that i knew what i was doing, if the initials were important to folks-the world did not beat apath to my door after i became a CFP and you still need MUCH practical experience to go with those letters before you really know what you are doing !! if you could start part-time with a life ins co-that would be ideal to get a taste to see if you like it- otherwise it would be a big jump to change full-time yet it might be a solution to ALL your mentioned goals !! i am a retired Independent Insurance Broker for life, health,disability, and annuities and a retired CPA, CFP, & LUTCF...GOOD LUCK TO YOU- HOLLER BACK AT ME IF I CAN BE OF FURTHER HELP TO YOU-i spent over 23 yrs in insurance sales and loved doing it- helping others & really making a difference in peoples lives !!!!
524595
I worked in life insurance and annuity administration a couple years ago.  Here's how it goes:  Not just anybody can take a policy on you.  There has to be a matter of insurable interest; meaning that if you die, there will be financial burden to the beneficiary of the policy (this can be family or possibly a business, estate, etc...).  This prevents people 'betting' someone is going to die, then cashing in the policy.  Generally, immediate family members can be the owner and beneficiary of the insurance policy, but the insured must acknowledge somewhere on the application they are aware there is insurance taken out on them.  Unless they are a minor.  That is another explanation.  \n\nHope this helps.
118199
Hi Joyce.... you asked this question under the category of insurance so I presume you would like to know with respect to life insurance.  Well, the life insurance companies have what is known as actuarial tables which give them a good idea as to the life span of individuals based on age, gender, physical traits/attributes and lots of other factors. It's kinda complicated to explain, to say the least but suffice it to say most all companies go by this table and can underwrite and determine premiums based on that.  For complete and more accurate details regarding this subject, you should contact your local life insurance agent in your area.  LOL
139827
Wow, some really dangerous opinions in here!\n\nLife insurance proceeds are there to provide protection for your dependents in three basic areas:\n\n1) Funds made available to pay final costs (burial, medical bills, etc.) and debts (mortgage, credit cards. etc)\n\n2) Funds to make up the difference between the household income before your death and what it would be following your death.\n\n3) Funds to invest to meet the savings goals you would have been saving for had you not died. (Think children's education)\n\nNot everyone has needs in all three areas and like Lady Death alludes to in her answer, you can accumulate assets to offset these needs. This is referred to as Self-Insuring. In an ideal world, we would all quickly accumulate wealth sufficient to fully protect our families while not accumulating enough wealth to fall afoul of estate taxes. In reality this is not always the case, hence the continued need for life insurance.\n\nWhen you first apply for a policy, you go through an intense process called underwriting. This is when the insurance companies underwriters tak a very indepth look at you health (through blood and urine tests, questioning you, questioning your doctors and requesting information on you from the Medical Information Bureau [Think of the MIB as a Credit Bureau that tracks your health]) and your financial situation to determine IF you are insurable and how much your premiums are going to be.\n\nWhen people say you should only buy term insurance, be skeptical. It is a very unobjective thing to say when they know NOTHING of your situation. Term insurance is an easier sale and some salespeople follow the path of least resistance rather than providing the best objective advice to their clients. Buy Term and Invest the Difference- this assumes that you have the discipline to invest the difference rather than spend it, that you accumulate enough assets to self insure before the term period runs out, and that you don't accumulate too much with respect to estate taxes. Otherwose, you find yourself in the unenviable situation of having to go through underwriting again to put another term policy in force, with premiums based on your then current age, of course. This is particularly bad if your health has deteriorated in some way, jeapoardizing your ability to get coverage. Some may say you could convert the policy to permanent insurance at that point but that negates the tenents of the startegy and why put a permanent policy in place then, having given up all those years when you could have been funding it?!?\n\nMy best advice is to consult a financial planner (AVOID anyone who tells you what type of insurance to get without asking any questions of you and run away from anyone who uses a "multiple of salary" approach to determining your need) and have a survivorship analysis completed. Your planner will educate you on the different types of insurance and develop an insurance portfolio to meet your individual situation. It may be that term insurance is the right thing for you right now; maybe not. For anyone to say it is without the facts is not very intelligent nor prudent.\nGood Luck.
235906
Talk to a local agency - FindLocalInsurance.com\nMany companies offer a training program.\nYou can use Dearborn.com for study materials.\nThe test is pretty easy, but you should probably\ntake the life insurance test and the \nsecurities tests too.  That would be another\ngood question to ask a local agent.
568279
Tell them it would be a very good idea to introduce life insurance. For a very little value their employees will earn a peace for mind knowing that their faimly is financially secure in any eventuality. It also acts as a motivating factor for the employees knowing that the company cares about them.
793094
Hi, your friendly insurance guy here again. :)\n\nLong, but hopefully informative, post.\n\nLet's get the ugly bit out of the way first:\n\nTerm is cheap, Whole Life is expensive.  Whole Life pays an agent or broker more commission because it costs more and generally is given a higher percentage commission than Term products.  I mention this because there are a lot of people who hate Whole Life products and think the people who offer them are sleazy.  Thus, I am putting that bit out here right in front to satisfy the Whole Life Haters. :)\n\nHere's how Term Works:\nYou buy it for a specified period of time (typically 1, 5,10,15,20,25 or 30 years).  When that period, or TERM, is over, you can usually renew it yearly at a vastly increased cost until you reach a particular age.  The age at which you can no longer renew vaires by insurance company.  If you live past your TERM and have not renewed, your family gets nothing and you have lost all the premium money you spent (unless you have a "Return of Premium" rider, which not all companies offer and which is often extremely expensive to add).\n\nHere's how Whole Life works:\nYou buy it now.  It stays in force typically as long as you pay your premiums.  The payments stay the same forever; ther eis no "holy crap the renewal cost is insanely higher than last year."  It develops a cash value over time and in many cases the face value of the insurance goes up as well.\n\nThis, by the way, is the fallacy of all those people who say "the insurance company keeps the cash value when you die."  That's not exactly accurate.  As long as the cash value is in the policy, the typical function of it is to pay for additional face value of the insurance.  So yes, while you don't get a check for the cash value when you die, your death benefit will be larger than the original face value of the policy, making it generally a wash.  If you have had the policy for a very long time, the policy owner comes out ahead in many cases.\n\nThe cash value is NOT, NOT, NOT an "investment." That term is reserved for certain other things, like mutual funds.  It can be called a cash accumulation vehicle or a savings vehicle.  It is NOT an "investment."\n\nThe downside to Whole Life is that it costs a LOT more than the same face value of Term insurance - at least, in the short run.  If you buy a 20-year term policy for $100,000 at age 25, start renewing it annually after it runs out at age 45, and compare your lifetime costs, the Term policy will absolutely kill your wallet.  The Whole Life policy in the long run costs a LOT less than constantly renewing an old Term policy.  This does NOT mean Whole Life is for everyone.  It's only appropriate in some situations and for certain clients with specific needs.\n\nSo which one is the best?  This is the part where I hope folks who are shrieking "But...but Suze Orman told me to buy term and invest the rest" realize I am not some commission seeking scumbag:\n\nIT DEPENDS.  There is no "off the cuff" answer.  To know for sure which is the best for you, your specific situation needs to be evaluated.  Contrary to what other folks may say, I do recommend using an agent.  I do that because I am one and I treat clients properly.  If you go to an insurance company directly, you lose the benefit of having a local contact.  And guess what?  Generally life insurance companies are NOT going to give you a discount because there's no agent involved.  They charge the same and keep the commission money themselves.\n\nSo talk to an agent.  Talk to several.  Find one that you are comfortable with.  The agent should be focused on doing a full evaluation of your specific needs.  Be careful with anyone who says:\n\n"Buy Term and Invest the Rest." (they have a preconception of what's right without wanting to consider your case may not fit their mold - ask if they are willing to conside
785432
An insurance advisor does NOT sell insurance.  For a pre-negotiated fee, they will review your insurance setup, do a risk analysis, and make recommendations.  \n\nAn insurance broker sells insurance, working on behalf of the client.  An insurance agent, sells insurance, working on behalf of the company.  Some insurance "advisors" are also agents and brokers - some agents and brokers call themselves "advisors".  Some states define and regulate "advisor" as a different class than selling insurance.  The problem is, it frequently means different things to different people, and each state regulates insurance independently.\n\nMost of the time, an insurance advisor works with large, commercial accounts, and has years and years of experience.  Most states require that you have an insurance license.  \n\nThis is not going to be much of an online job - because you'll be in client's offices, reviewing their paperwork, and meeting with agents and brokers.  Also, depending on your clients, you may very well have overnight travel.  \n\nYou're not going to find someone willing to hire someone with no experience to do this as an at home job, sorry.
293025
Ask your insurance agent.  Most sell them