Leaving a legacy: what happens to independent insurance agencies after their owners leave depends on how well the owners have planned.(Valley Insurance Services.)(Leavitt Group.)Panko, Ron
Before you buy a new policy, check online ratings from independent agencies (such as Moody's, A.M. Best, and Standard & Poor) to find insurance companies with strong financial track records. Compare policies based on your specific needs and shop for the best value, but don't assume the ...
It encompasses the policies, procedures, and practices that insurance companies must implement to ensure they are operating within the legal framework prescribed by the regulatory bodies. Insurance compliance is not limited to following the laws and regulations specific to insurance; it also involves ...
Independent agents and insurancebrokerage companiesboth take the sales approach of representing the customer first and offering a variety of products from different insurers; however, insurance brokerage companies are typically larger than independent insurance agencies. Additionally, brokerage companies may be...
Statutory deductions are mandated by government agencies to pay for public programs and services. They consist of federal income tax, Federal Insurance Contributions Act (FICA) tax (Medicare and Social Security) and state income tax. To file them correctly, you need to know the work status of ...
“Our agency is independent, and we work with all the carriers that are actively insuring homes in our area. We have spent most of the last 18 months moving our customers to new carriers to minimize the rate increase for them.”
A Single Premium Immediate Annuity (sometimes referred to as an "SPIA") may be the right annuity for you if you are looking for payments that begin right away and continue for the rest of your life or for a specified period of time. The annuity is purchased from an insurance company ...
and policy features. Many insurers offer self-service online quote tools to help you quickly compare and choose a policy yourself, especially for simpler term life insurance policies. But if you have more complex life or financial planning needs, an experienced independent agent or fee-based financ...
Keep this in mind, "Your insurance policy protects you!" You don't need a lawyer or public adjuster to fight an insurance claim dispute with your carrier. There is a clause in your policy known as appraisal. In summary, an independent appraiser represents you and another appraiser represents...
If in doubt, speak to life insurers directly, engage an independent protection adviser, or see a financial adviser. Is Whole of Life Insurance a Good Investment? There’s no one-size-fits-all answer. You might benefit from the peace of mind in knowing your life insurance will pay out no...