What action should a producer take?
What action should a producer take if the initial premium is NOT submitted with the application? The correct answer is “Forward the application to the insurer without the initial premium”. In this situation, the producer should submit the application to the insurance company without the premium.
What is required after a life agent sells an insurance policy to an applicant without being appointed by the insurer?
What is required after a life agent sells an insurance policy to an applicant without being appointed by the insurer? If a life agent sells an insurance policy on behalf of an insurer without an appointment, the insurer must submit a notice of appointment to the Commissioner within 14 days.
What method do insurers use to protect themselves?
Insurance companies buy reinsurance to protect themselves from catastrophic losses. In exchange for a set premium, a company offering reinsurance might promise to pay for 90 percent of any losses within the next year that exceed $450 million and are less than $600 million.
What is a life only agent?
Life Only Online California Course A Life Only licensee is a person authorized to act as a life agent which entitles them to transact insurance coverage on human lives, endowments, annuities, accidental death and disability income.
What is the free look period for life insurance policyowners age 60 or older is?
The free-look period for life insurance policyowners age 60 or older is : 30 days.
Who was the DWP agent who took Philippa’s call?
Jane, a DWP telephone agent at the time but no longer working for the department, described taking a call from Philippa on 11 June 2019, as she tried to find out why her benefits were still suspended.
What to ask a client about life insurance?
If your client answers “no” to having assets, then there is a possibility to sell indexed universal life coverage as a supplemental retirement plan. If the client answers “yes,” you may have an opportunity to uncover annuity sales opportunities. “Imagine your spouse passes away tonight. Describe what happens to your life tomorrow financially.”
When to use this question in a life insurance lead?
This question is commonly used when you’re using a life insurance lead like a final expense direct mail lead . This powerful question encourages your client to share their feelings, thoughts, logic, and reasoning as to why they replied for information. It’s a great primer when you sit down in a preset presentation or after you door knock a lead.
Why was my DLA stopped in January 2019?
Her application form appears to have been lost by DWP, the inquest heard, after she posted it in January 2019, and her DLA was stopped that month because she had failed to return it.
Where can I find a disability insurance agent?
Get sales ideas, listen to podcasts, learn underwriting tips and more at our Disability Insurance Agent Support Site. Critical Illness Insurance is a great fit for those looking to fill the gap between existing insurance and medical bills or living expenses.
How to contact Guardian life long term disability?
Fax: 413-395-5992. For questions about Short Term or Long Term Disability Income Insurance provided through your employer (your policy number will be eight digits long, starting with 00), please see the Workplace Benefits section for contact information.
How long after exposure to Agent Orange can you file for disability?
Under our rating regulations, this condition must be at least 10% disabling within 1 year of herbicide exposure. If you have an illness that’s not on our list of presumptive diseases, but you believe it was caused by Agent Orange exposure, you can still file a claim for VA disability benefits.
Who is the owner of reassure disability insurance?
Throughout 2013 Jackson National Life sent notice to all Reassure disability policy holders advising of the new ownership. It is unusual that Jackson National Life purchased Reassure, as Jackson has little to no experience in the disability insurance business.