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Crystal Said:

What Types of Insurance works with the Minnesota Mayo Clinic?

We Answered:

call the clinic, or maybe their web site tells

Kevin Said:

Is it legal to use two types of insurance?

We Answered:

Coordination of benefits between 2 policies don't work that way. Usually, if there are two, if one pays 50% and the other pays 50%, you would only get a total benefit of 50%. They will only pick up a balance up to the maximum benefit that one would have paid. If one had an 80% benefit, then one would pay 50% and the other would pay an additional 30% to make up what they normally would have paid if there were only one policy.

Wallace Said:

What is insurance?What are the different types of insurance?Which of the insurance is mandatory?

We Answered:

Insurance, by definition, is a contract by which a company, in consideration of a sum of money or percentage, agrees to indemnify the insured against loss, injury death, etc. by certain risks. Different types of insurance include any type of motorized vehicle (auto, motorcycle, RV, boat, jet ski, etc). Property insurance includes (primary residence, rental dwellings, condos, apartments, commercial buildings, etc.). Other types of insurance is for people (i.e. Life, Health, Disability, Workers Compensation, etc) One kind that is mandatory is auto insurance; if you are financing your vehicle and the state you live in requires liability coverage, you'll probably need "full-coverage". Another kind that is mandatory is Homeowner insurance if you own and are financing your home. Your mortgage company requires that you maintain insurance until your loan is paid in full. You should contact a local independent insurance broker who can provide you with competitive quotes on the type/s of insurance to suit your needs. LOL

Gwendolyn Said:

As an Insurance Agent what is the best types of insurance to sell Life, Health, Annuity, from your experience?

We Answered:

You'll do better starting off if you can offer all three. Then, as you get experience with the products, you'll probably find that you'll gravitate towards the line with which you are more comfortable and knowledgeable.

It will make a difference if you are going to be an independent agent or a captive agent with one company. If you're with one company you'll need to offer what they want you to offer, which is usually their entire line. If you're independent you'll have more freedom to choose.

Life is easiest to learn since there are only 3 basic types, term, whole, and universal. With annuities and health the policies have many variations. This makes them harder to learn and it's also harder to educate your client.

All three have the possibility of a 6 figure income. That is if you're not one of the 95% that wash out the first year. You'll be working 80 hour weeks the first few years.

You might want to consider working as a producer for an established agent. This way you can get your feet wet while you make your decision of what to sell.

Terrence Said:

How much do different types of insurance agents make per year?

We Answered:

If you are an insurance agent, your goal should always exceed your quota. more sale means more income. In insurance you get your money through commissions.