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Theodore Said:

My auto insurance agent died. How long can the agency continue to do business in his name?

We Answered:

If someone else bought the name from his estate, they can use his name forever. You think Colonel Sanders is still alive?

Rebecca Said:

Where can I obtain financing to purchase and existing book of business from an insurance agent?

We Answered:

Many times the seller will finance this for you, over the course of three, five, or ten years. If the book is small enough, you might be able to get an SBA loan.

Tara Said:

How to start an Independent insurance agent business??

We Answered:

OK, with no experience, your BEST bet is to get a job with an agency, working on straight commission. Just about anyone should give you a job. Along with basic training, you'll have some support help there, and over the next year or two, you'll learn all about the business.

With no experience, it's pretty darned tough to get a company appointment, and you won't have any product to SELL. And 1,000 characters that they give you here, is NOT going to teach you what you need to know - you need real life backup. That's why I suggest working for someone else for a few years.

Sean Said:

In Scotland what is meant if a mortgage advisor/insurance agent's business is in default with the FSCS?

We Answered:

FSCS deals with claims against authorised firms (those regulated by the Financial Services Authority) that are unable, or likely to be unable, to pay claims against them. This will generally be because a firm has stopped trading and has insufficient assets to meet claims, or is in insolvency. We describe this as being in default.
0845 606 1234 call them on this number for information

Grace Said:

My married bookkeeper went to lunch with my married former business insurance agent. What's going on?

We Answered:

Maybe they belong to the same fantasy football league, and draft time is coming up, and they're working out their draft strategies.

Kurt Said:

Is any one else entering the insurance agent business?

We Answered:

I've been in the insurance field for about 12 yrs and an agent for 2, it's fun, interesting, but also can be very frustrating, and time consuming if you're going to be successful. Getting licensed is relatively easy, I passed both L & H and P&C the first time, the key is to pay attention in the licensing course. Patience, realistic expectations, and prudence is the key in this business. If you can do that then you should be successful. And as far as not knowing you're limits, don't feel bad about it, 95% of people out there have no idea what limits they're carrying, they don't understand what thier covered for, and won't until there is a problem/claim.

Calvin Said:

Who has the best insurance agent opportunities?

We Answered:

It depends on what type of business you're wanting to do. If you want to deal in general insurance sales, any of the name brand property & casualty companies are a great place to start. Examples are Farmers, State Farm, or Allstate. If you are wanting a financial practice, you want to avoid P&C carriers altogether and stick with life insurers who specialize in comprehensive financial planning. As one other poster stated, Primerica is not a good choice. They are simply a multilevel marketing gimmick. Their agents are trained in very limited areas and are basically brainwashed to reject advanced financial concepts (they are not only taught incorrectly about them; the agents are made to believe that they are genuinely bad).