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Your life insurance agent will need to know your age, gender, lifestyle, the type of life insurance you need and your medical status, which may require a physical examination from a medical doctor ...
Independent agents are independent contractors for the insurance companies they represent. Several companies may authorize the agent to sell for them, but the agent remains an independent businessperson. While the agent collects commissions, they do not collect a salary from the companies they represent. On average, independent agents work with ...
The name was changed again in 1975 to the Independent Insurance Agents of America. In 2002, the association became the Independent Insurance Agents & Brokers of America (IIABA or the Big "I") to encompass the group's entire membership of independent insurance agents and brokers. Robert Rusbuldt is the current Big "I" president & CEO.
Managing general agent. In insurance, a managing general agent is defined legally as "an individual or business entity appointed by an underwriting insurer to solicit applications from agents for insurance contracts or to negotiate insurance contracts on behalf of an insurer and, if authorized to do so by an insurer, to effectuate and ...
Multiple quotes from different companies. One of the best benefits of working with an independent insurance agent is having them shop for insurance quotes for you. With access to multiple ...
The Bottom Line. broker in insurance. Insurance brokers can help take the pain out of shopping for a new policy. Instead of comparing several options from dozens of insurers on your own, a broker ...
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