They will either sell the life insurance themselves, or split the commission with another agent who specializes in
writing life insurance cases who they will refer the client to.
Not exact matches
In some areas of
life, like driving, specific
insurance requirements have been
written to ensure that's the
case.
An agent can help
write a comprehensive renters
insurance policy for your
living space to ease your mind in the
case of an accident.
In most
cases, after attempting to get a
life insurance policy and being «denied» due to a medical condition, the lender will accept
written proof from a licensed
insurance company who claims you are uninsurable.
In this
case, if the sales person doesn't have equity in the company or at least earn $ 500,000, the
insurance company will not allow this amount of
life insurance to be
written.
Or, it might also be the
case that your agent is what is call a «Captive Agent» meaning that they can only
write life insurance policies with one or two companies.
And loans are also not taxable, so you can access the growth in your whole
life tax free even if it grew interest (generally taxable) by utilizing a policy loan... In the
case of S Corp's there are a number of allowable instances in
writing off
life insurance... Such as when an employer pays for
life insurance as a part of a beneits package..
In some areas of
life, like driving, specific
insurance requirements have been
written to ensure that's the
case.
I've had several calls from agents since
writing the article, all except one wanting to know more about how I approached the senior
life insurance market and how I could do as I claimed and in virtually every
case provide the clients with more
insurance for the same money or the same
insurance for less money.
-LSB-...] Million Dollar Journey
wrote an interesting post today onHere's a quick excerpt I field a high number of calls asking about whether people should buy term
insurance, universal
life or whole
life, and in some
cases they will have heard of, and ask about return of premium term
insurance.