NLIC.org

Byron Said:

Are college educated young minority males ever hired at Marsh Mclennon (insurance brokerage firm)?

We Answered:

Maybe the female applicants are smart enough to spell the company name correctly!

Ethel Said:

i have two joint stock brokerage accounts, does each account have FDIC insurance of 500K?

We Answered:

First off, stock investment accounts are NOT secured by the FDIC.

Roy Said:

Does a new real estate broker need E & O Insurance? What if it is a one preson firm?

We Answered:

If you are conscientious , your chance of getting sued is 1 out of 1,000. But that 1 can be very expensive. So you take your chances either way. If you buy the insurance and don't need it, you wasted your money. If you don't buy it and get sued, you wish you had not gambled.

There are no cheap alternatives except to be self-insured. You put aside $50 from every transaction that your brokerage closes. And you never touch the money.

You pay the insurance company the same as your car insurance. With a payment plan or yearly.

Evelyn Said:

Can you make alot of money if you start your own Insurance Brokerage Firm?

We Answered:

Yes, you can - but it's darned hard work.