Helping insureds cope

Article Abstract:

Independent life insurance agents should be aware of the ramifications of the failure of a carrier. Recent years have seen the failure of a large number of seemingly stable companies, such as Executive Life Insurance Co and Fidelity Bankers Life Insurance Co. Agents typically act as the conduit between the carrier and the insured, even though the agents may be divested of their commissions and their responsibilities by the carrier. Many problems, delays and hardships may be expected when dealing with a carrier in conservatorship.

Insurance agents, brokers, & service, Analysis, Management, Commissions (Compensation), Commissions (Fees), Executive Life Insurance Co., Conservatorships, Fidelity Bankers Life Insurance Co.

---

Substandard, not inferior

Article Abstract:

Insurers need to be aware of the customer's perception when medical conditions are factored into the premium cost of a rated life insurance policy. A policy can be rated for various causes, ranging from high blood pressure to previous heart conditions. Prospective insurance customers, however, often feel they are under personal attack for their medical condition. Insurers should take care to remove this stigma from rated policies.

---

Life insurance is no easy pitch

Article Abstract:

The only major sport to have a life insurance program is baseball. Baseball's life insurance program was designed to overcome the insurance companies' reluctance to issue policies with high limits which could lapse before they or the reinsurers who back them could break even. Professional athletes' careers end or they transfer to other teams before commissions for traditional term life products could be recovered.

Life Insurance, Direct Life Insurance Carriers, Insurance Mgmt-Life, Insurance, Athletes, Baseball players

Similar abstracts:

• Abstracts: Reinsurers must expand scope of financial services to thrive. Reinsurance and managing insurance company risk
• Abstracts: Developing a Brand Name. A brewing global reinsurance turf war. Masters of disaster: earthquakes in the Midwest and East Coast would be particularly costly to insurers
• Abstracts: Assisting clients with self-insurance. But outlook is only fair as competition heats up
• Abstracts: Huddle up for a strong game plan. Many insurers overlook advantages of subrogation. Sink or swim
• Abstracts: Don't forget the underwriter. Putting paper in its place

This website is not affiliated with document authors or copyright owners. This page is provided for informational purposes only. Unintentional errors are possible.