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Marcia Said:

What ever happened to The Home Life Insurance Company of Philadelphia? I have policies. Want to contact them.

We Answered:

See if this site can help you (I am not recommending nor advising) It seems that the problem of lost insurance companies is common and there are companies in the business of finding them:

http://www.americaninsurancedepot.com/lo…

Tamara Said:

I want to start my own auto home & life insurance agency with no experience. Where should I start?

We Answered:

You're going to hate this answer, but it's the truth.

Start by getting a job with an agency, as receptionist or CSR. Honestly, with NO experience, you have NO idea how the whole insurance/agency system works, or even if you're going to like it. If you work for someone else for a couple years, you'll learn the ins and outs, make valuable contacts, and have someone paying YOU to learn how to solve problems.

If you don't want that, you can always contact State Farm, Farmers, or Allstate, and see if they'll sign you on as a captive agent. Then you have to self study, pass the tests, and go out and sell - you don't get paid, unless you sell - it's straight commission work, and the "mentoring" isn't nearly so strong as it is if you're working for someone else. Plus, there are more up front costs, such as YOUR liabiltiy and E&O insurance, office supplies, etc, so you'll need some cash to start up. And if you hate it, you're out the cash. If you're starting your own office, you need to work 60-80 hour weeks at first, just to scrape by. If you're good, and work yourself that hard, you *might* make $40,000 the first year. Just enough to keep afloat.

95% of agents wash out the first year. If you either can't sell, or don't want to put in those kind of hours, you're going to wash out. Business doesn't come to you, and getting leads is HARD.

That's why I recommend working for someone else for a while.

Sheila Said:

Why you need Home Insurance, life, motor, health and travel insurances?

We Answered:

If you don't feel like you have a need for them, DON'T BUY THEM!! Don't let a salesperson "create a need" for you!!!

MOST people buy auto insurance because it's required by law. Most people buy HOME insurance because the lender requires it. Most people buy HEALTH insurance because uninsured medical costs can lead to bankruptcy and loss of all assets faster than anything else. And most people DON'T buy travel insurance. It's not a good deal.

Zachary Said:

Should siblings be notified from poa reguarding sale of their parents home and life insurance policy ?

We Answered:

No.

POA, means that your parents are still living. So, if your parents want you to know, they'll tell you.

If this is the executor of the estate, then all the information must be filed at court, and is public record - so you should be able to look it up anyway.

Karen Said:

Is it normal to have a physical exam for life insurance at home?

We Answered:

Yes, this is routine for life insurance. If you have some life insurance through your work, they don't require it. However if you get life insurance privately, they will send someone to check and make sure you are in good health.

They typically will only take blood, urine, check pulse, and may take your height and weight. The exam usually does not take longer than 10 minutes.