Life insurance is a form of insurance that in the event of the earner’s accidental death, provides cover to individuals and their families. To keep the policy going, the policyholder needs to make annual fixed payments to the insurance provider. The insurance firm, in exchange, agrees, in the tragic event of the death of the policyholder, to compensate the beneficiaries specified in the policy. With the support of insurance brokers, these arrangements or insurance plans are written for the customers. Insurance brokers are employees of an insurance firm that assesses and recommends the best-suited policy for the needs of individuals. Specializing in selling life insurance plans, the best life insurance brokers have all the experience and information to assist their clients in selecting the correct policy.You can get additional information at Phil Borgia – State Farm Insurance Agent, Mesa.
To direct their clients into the most affordable life insurance policy, the best life insurance agents have knowledge of their product and the market. Life insurance brokers need to have a licence issued by the state’s regulatory body to offer life insurance in any state. Life insurance brokers are also able to market life insurance plans that double as a product of securities. However in order to market those items, agents, along with a state insurance licence, often need to have a securities licence.
In order to represent their clients better, the life insurance brokers who are the best in the industry often become members of such societies. For example, a National Association of Life Underwriters (NALU) membership means that in his practise, the agent follows ethical and professional standards.
Many life insurance and family financial courses may also be studied by life insurance brokers to improve their knowledge of the market. After the name of the agent, the credentials listed show the courses they have taken. FIC (Fraternal Insurance Counselor), CLU (Chartered Life Underwriter) and LUTCF are some of these credentials (Life Underwriter Training Council Fellow). The aim of these courses is to help life insurance agents support their clients in the best possible way.
Phil Borgia – State Farm Insurance Agent
1635 N Greenfield Rd Ste 1-101, Mesa, AZ 85205