lists all topics related to reinsurance, life insurance, quotes & rates, liability insurance, carriers, agents & brokers, claims.

Posts Tagged ‘Life Insurance’

Becoming A Life Insurance Agent

Saturday, June 4th, 2011

Life insurance involves a contract between the insurance company and the insured, which is bought by making regular periodic payments known as premium. These contracts are facilitated with the assistance of life insurance agents. They help their customers decide, the type of life insurance they would require – whole life or term life. Life insurance agents also help their clients find suitable rates for the kind of insurance policy they require. To become a life insurance agent, a person needs to be committed and willing to work hard for the leads.

Life insurance agents have the option of becoming full time or part time professionals. To qualify as a full time or a part time professional, interested candidates need to take a course for a stipulated number of hours. After the completion of the training, prospective agents need to clear an exam, to obtain the license to sell insurance in that state. After having substantial experience in the field, agents can attain respected designations such as Chartered Property or Casualty Underwriter. However, along with experience, agents are also required to take, intensive courses and examinations to be considered for such positions.

Life insurance agents usually do not adopt the door-to-door method, to sell their policies, but use various methods of marketing to conduct their business. They have to generate leads through different sources and need to be on the look out for prospective customers all the time. This involves a lot of hard work and dedication to the chosen industry. Life insurance agents need to be able to quickly understand their prospective customers requirements and sell the right kind of product to them. Unethical practices and wrong selling will not help the agents’ business in the long run. Therefore, becoming a life insurance agent has many lucrative benefits, provided the interested person is willing to work for it.

Scuba Diving Life Insurance

Saturday, March 5th, 2011

This is not always an easy thing. Many life insurance companies will charge extra premium for scuba divers. Some will not, but are more limited to recreational divers up to 50-75 feet depending on the life insurance companies. These life insurance companies will offer their best rate class if you medically qualify. Some will offer their second best rate class and as stated, others will charge extra premium for the risk. It is important to work with a life insurance agent that understands all the markets to help best position you with the best life insurance company.

Scuba Diving is using a self-contained breathing set to stay underwater for periods of time greater than human breath-holding ability allows. The diver carries all equipment necessary for diving and is not reliant upon equipment elsewhere (e.g. on the surface) to supply breathing gas or other support during the dive. The diver swims underwater using fins attached to the feet. Some divers also move around with the assistance of a DPV (Diver Propulsion Vehicle), commonly referred to as a scooter, or by using surface-tethered devices called sleds, which are pulled by a boat. The word ‘SCUBA’ is an acronym for Self Contained Underwater Breathing Apparatus. The life insurance industry reviews a wide range of risk factors when underwriting a scuba diver purchasing term life insurance.