Latest Updates: insurance agent RSS

  • Can an insurance agent in one state issue a life insurance policy for another person living in another state?

    We live in the state of NJ and we had a baby in 2009. My father-in-law, who lives in MD and who also happens to be an agent in MD, took out a whole-life policy on my child without my consent. Can my father-in-law do this and is the policy valid if he did it outside the state of MD?

     

  • Does my homeowners insurance build equity in the house?

    I just purchased a home this past August and had to have insurance. When I purchased the insurance I was told by the that because I took out more coverage than the replacement cost that difference would be equity in the home? Is this true? Do I have that difference in equity?

     

  • who knows honest life insurance agent in Poland?

    Who knows honest agent in Poland? I have heard lots of horror stories how they are ripping of people who are foreigners and don’t speak good polish! So Im looking to connect with somebody honest and with good English skills so we can communicate! Please let me know if you know somebody.

     

  • Is it possible to get liability auto insurance and comprehensive?

    I went ot my and she told that i cant get comprehensive by tis self that i would need collision. I was just hoping to save money by cutting the full coverage on my into lialibty and comprehensive only. Is it possible? Or my agent was right?

     

  • As a mum of 3 & heavily in debts, do i continue my career in Human Resources or become a life insurance agent?

    I hv been in HR field for the last 6 years and my passion is in HR. But the debts are rising faster than the increments and inflation does not help either. I want to continue to build my career in HR and i dont quite like the idea of being in business but the returns are mugh higher and my heart breaks each time i have to think about my family finances and my children’s needs and future. Need some advice before i decide. Thanks.
    I hv been in HR field (Malaysia) for the last 6 years and my passion is in HR. But the debts and expenses are rising faster than the increments and inflation does not help either. I want to continue to build my career in HR and i dont quite like the idea of being in business but the returns are mugh higher and my heart breaks each time i have to think about my family finances and my children’s needs and future. I cannot seem to do insurance part time cos i will dont have time and will lose focus in my current job and in my country we work from morning till night, at least till 8pm. Need some advice before i decide. Thanks.

     

  • Question about life insurance?

    Why would a life agent want me to get universal life especially when he knows I have 30 year term ? I didn’t buy term from him, but I did told him that I have life already. He try to convince me such as it build savings and that I will be protected forever. I ask him why does it build savings? He told me it would be a great way to use for retirement or for emergency. He basically avoided my question. I told him that I have a Roth IRA, isn’t that better plan for retirement? He said having universal life would be an additional source of money when I retire. Realizing he’s just a salesman trying to get my money and rip me off, I told him to leave.

     

  • Does my dad have recourse when an life insurance agent lied to him in 1988?

    This agent came in and replaced 100k in whole life with 200k in Universal life. He told my dad this is perminant and his premiums would never increase. Turns out he lied. It is now quickly eating through the cash my dad deposited in the policy. My dad will lose his in the next year because the premiums will consume his cash value and his 200.00 per month premium will not cover the premiums.

     

  • Ask: Online Auto Insurance Quotes, are they really safe and accurate?

    I know several people who have submitted their information into one of the many "online auto " and now they have solicitors all over them, on their phone, emails, junk mail and even one case of Social Security Identity theft. So my question is: Are these online auto really safe? Doesn’t it make sense to stay with a local auto agent you can do business with either on the phone or in person.

     

  • I am an insurance agent and want to know what company I should get contracted with to sell homeowners ins?

    New agency on ground floor.

     

  • Are there any life insurance agents out there?

    If you are a agent, what company do you work with, and are you making good money in this economy?

     

  • My auto insurance agent died. How long can the agency continue to do business in his name?

    I had an named "Joe". He was always friendly when I came in to pay my bill. For several months I went in to make a payment and Joe was not there. I would ask about him and they would say he was off today. Finally I went in and asked about Joe and they stated that Joe died last week. I had not seen Joe in over a year. My receipt even that day had Joe’s signature on it. Can they do this?

     

  • How much did my insurance agent make on a homeowners and auto renewal ($1000/American Fam)?

    What do these agent make on original policies and renewals. Do companies differ on agent compensation?

     

  • Why would I get stacked auto insurance if I only have one car?

    I live in Florida and my (former) insisted that I get stacked coverage. I believe that he had my best interest in mind, but everything I’ve read so far suggests that getting stacked coverage only makes sense if you are insuring more than one car.
    The agent did a really poor job of trying to explain what "stacked" means other that it’s a good thing.

     

  • Will bad credit disqualify you or be a factor in obtaining a life insurance agent position?

    Will bad credit disqualify you or be a factor in obtaining a life position?

     

  • Homeowners insurance rates ?

    I think I’m losing it !! LOL – I asked my agent (state farm) yesterday what my rate would be if I RAISED my deductible from 1000 to 2000 dollars (in effort to save some money on the costs) – they reply back that it would INCREASE the premium by about 20 bucks !! Am I crazy or is this incorrect? Shouldn’t it go Down !!?? LOL… In fact I will just copy in exactly the price quotes State Farm gave me for the possible Deductible changes – like I said currently I have a ,000 deductible, and my premium is 2 a year:

     

  • Will bad credit disqualify you or be a factor in obtaining a life insurance agent position?

    Will bad credit disqualify you or be a factor in obtaining a life position?

     

  • My friend was severely injured while babysitting at her neighbor's house. Should homeowners insurance pay?

    My 46-year-old friend was babysitting for her neighbors, in her neighbors’ home. The family dog knocked my friend down the stairs, causing my friend to break her jaw and wrist. She has spent many days in the hospital and will require lots of reconstructive surgery, to say the least! Medical bills are already piling up. Shouldn’t her neighbors’ homeowner’s be covering this? They have not offered to contact the company and my friend does not know how to proceed. To make matters worse, the neighbor whose dog caused the injury is an agent!
    She was not being paid for the babysittiing. The homeowner ( guy) called, at the last minute, to say he needed my friend to come over to do him a "favor" and watch his kids, so he could take his wife out to dinner for her birthday. Does this influence the situation? Also, my friend’s health is refusing to pay her emergency room bills because the only orthopedic doc on duty was "out of her network". No new (in-network) docs will now take on her case, because they say it is too complicated. She has had to "eat" through a straw and her weight has fallen below 100 pounds (she is 5′6"). Friends and family have been doing their best to help her with her kids/housework, etc. Because she is not able to drive, her husband has had to take time off from work to take her to doctor’s appointments. These people are her next-door neighbors and are fully aware of what is happening, but haven’t even called to check on my friend or offer help in the 3 weeks since the incident.

     

  • Are you able to loan money from your life insurance?

    I thought i remember my telling me that if you needed to loan money from your policy you can and you pay so much interest. If so how much could you borrow..is it what you put in to it so far or what the life amount is? How much time do you have to repay them?

     

  • Question regarding Homeowners Insurance for any Insurance Agents/CSRs?

    On the basic HO policy unattached structures are automatically cover usually at 10% of the covered policy amount. Is this per unattached structures or is it one coverage for all unattached? (i.e. a Barn valued at ,000 and Tool Shed valued at ,000 – and the HO policy is covered for 0,000 – will the coverage for the Barn and Tool Shed be ,000 or ,000?) Thanks in advance for any help.

     

  • Ask: Online Auto Insurance Quotes, are they really safe and accurate?

    I know several people who have submitted their information into one of the many "online " and now they have solicitors all over them, on their phone, emails, junk mail and even one case of Social Security Identity theft. So my question is: Are these online really safe? Doesn’t it make sense to stay with a local agent you can do business with either on the phone or in person.

     
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