Agents Stock the Insurance Company Freezer

Let’s get a few facts straight first:

1.The person(s) that recruits you follow guidelines. The guidelines miss eliminating the 50% of applicants who just plain can not sell insurance.

2. The companies are going to give new agents “leads”, that no experienced agent would want for free. See my article, “Worthless leads compliments if career insurance companies.

3. Career agents do not get guaranteed vested renewals until they have been with the company say 5 to 10 years, if ever.

4. The career agents get a commission of say 55%, instead of 65%, 75%. Or even 90%. Surplus overrides go the career insurance agency to offset expenses.

5. The career agent receives very little assistance outside the office from the life sales manager. The sales manager spends time with the other 14 new agents, goes on his own leads, conducts staff sales meetings, and spends time working on recruiting more agents.

6. The average sales manager has at least one agent quitting or being forced to quit for lack of production. The new sales manager must get another replacement agent rolling along.

So far it seems better for the company than for the agent.

Now look at the jumbo freezer the agents will be filling with money.

Each agent that leaves puts meat (money) in the freezer. Typical agent lasts long sough to write 100 policies with an average premium of $1,000 each. That’s a total premium renewal of $100,000 if all renew. Let’s says $80,000 renews. Part of the premium goes to offset any unpaid costs the agent or agency had accrued. $50,000 remains and in 10 years it could reach $500,000 in the Freezer. (unless there is a death claim) The freezer is crammed with meat from agents who are long gone. The policy owners are now orphans, and when they call the office to buy more, the former agent’s sales manager jumps right on the hot lead.

The departed insurance agents look like a failure, and the accounting of the insurance company looks like a big success. Insurance freezers have been packing away choice cuts, compliments of former insurance agents for many years. Sorry. but as long as there are people looking for jobs, there’s no way to pull the plug.

Article Source: http://www.articlesbase.com/insurance-articles/agents-stock-the-insurance-company-freezer-372639.html

About the Author:
Don Yerke started as an insurance agent and worked his way up to an independent product marketer and recruiter. After this he became the marketing adviser at Agents Insurance Marketing USA, a firm he founded over 25 years ago. It’s the premier company in providing carefully refined and selected Department of Insurance agent name lists and recruiting information. dyadvisor@gmail.com http://www.agentsinsurancemarketing.com

Talk Or Type For Your Bike Insurance Policy

The motorcycle insurance industry has shown an increase of web activity in providing both online quotations and policy set-up facilities for bike insurance, enabling you to log on to the site 24 hours a day, and print your certificate of insurance there and then.

There are plenty of people who prefer talking to someone over the phone and have that personal touch when dealing with their bike insurance. Some even prefer to use local brokers, as they can pop in and deal with someone face to face, although this seems to be dying out with the use of comparison sites online.

Almost every bike insurance company or broker have an online quote facility and most of these companies have a buy online set-up as well. More companies are expanding into the comparisons sites, to gain an edge, as more customers use these sites. These sites enable you to search the market by filling out only one form, rather than completing the same information repeatedly and over again.

The advantages of using an online quote and buy service are, immediate cover, some enable you to print your policy online, you can access these sites 24 hours a day, many insurers offer online discounts, and all the information is available to read at your own pace.

The advantages of calling an insurance company or broker are, the customer service you receive, a personal touch to setting up your policy, they can explain the policy in more detail over the phone, you can negotiate your premium with an underwriter, and if you do have any complaints you have names of people to go back to.

The disadvantages of using an online ‘quote and buy’ service are, the security issues of using a credit card / debit card online and some insurers may not be able to offer instalments on the site meaning you have to call them anyway. They may not be able to insure you online due to you not meeting there criteria and if you enter in your details incorrectly then this can cause you problems through your policy.

Other disadvantages of calling an insurance company or broker are, you can only contact them during their opening times and it can be a lengthy process to call round for the best price. You also have to wait for your policy documentation if it is needed for tax purposes, you may speak to an inexperienced member of staff and often you may end up speaking to a call centre out of the country causing you no end of problems.

Using an insurance companies or brokers website means you have all the documentation, terms and conditions readily available to read before taking out your policy. Meaning you know exactly what your paying for before you’ve paid for it, rather than over the phone waiting for your documents to arrive. The bike insurance quote process can also be much quicker on the net.

Whichever method you choose to take out your insurance policy, the customer service you receive should be excellent. A lot of online insurers or brokers provide you with claims telephone numbers and enquiry forms online, meaning you still do not have to ring them after you have taken out your policy. Your policy information is accessible throughout the year, so if you ever lose your policy documentation, it can either be re-printed or ordered online again.

Many online insurers offer online discounts as you do not need to speak to a member of staff when accepting your quotation price. Meaning the companies costs are cut down, and that is reflected in the cost of your insurance.

Whether you choose to take your bike insurance out over the phone or online, either way there are many advantages and disadvantages. However, it offers you a much wider opportunity to set up a policy 24 hours a day.

Article Source: ttp://www.articlesbase.com/insurance-articles/talk-or-type-for-your-bike-insurance-policy-372134.html

About the Author:
Anna Stenning is an expert on bike insurance having researched various policies for her bike.

Camper Insurance for UK Vans: What Else You Might Need!

When you’re seeking camper insurance for UK vans, you’ll find out quickly that every company offers something a little different. Your needs are special, so you should take special care in selecting just the right cover. Start by recognizing the preponderance of caravan and detached camper theft in the UK: a number equal to 25% of new campers sold are also stolen. Most camper insurance companies in the UK will give you better rates if you install theft deterrence devices and get your camper CRIS registered.

Look also at how you use your camper. Is it primarily for family trips to Lake Country once or twice a year? This means you put very low mileage on your camper, and you should be able to find rates that reflect the very low risk attached to driving your van while towing it. If, on the other hand, you take it out every weekend for fishing, you’ll need to pay higher rates for better and more comprehensive coverage.

Is your camper new, or does the bank still has a lien on it? You’ll need full coverage in this case, which can get a little more expensive. Still, camper insurance for UK vans is rarely very expensive. Because it is not a high-price item, many agents in the UK will not handle it; you may have to go online to find a good company to cover your camper.

You need also to consider what you’re carrying in your camper. In some instances, the contents of your camper may be covered by your homeowners or renters insurance policy, but you’ll need to check this to be certain. If you aren’t covered, you may be able to get an insurance rider on your automobile policy. This is an option especially for those who don’t want to get full-fledged insurance on their campers, but who do want coverage in case they lose their possessions inside it.

Article Source:
http://www.articlesbase.com/insurance-articles/camper-insurance-for-uk-vans-what-else-you-might-need-372802.html

About the Author:
You can find
the best van insurance online and get 15 quotes to find a cheaper
van
insurance quote in 2 minutes. I invite you to visit

http://www.van-insurance-britain.co.uk

Why You Will Save Hard Cash Buying Auto Insurance Online

Every year it pays to get quotes for auto insurance because you can almost always find a better deal than you now have. Of course, you need to make sure that the new insurer rally does offer like-for-like cover compared with your existing insurer.

Once you have decided to get some insurance quotes, the best thing you can do is to go online. You might not be comfortable with the ideas of buying insurance online, especially if you are used to using a broker where you actually know the people. But believe me, going online can save you a lot of money.

Often, you can get better cover as well. For example, you might be able to pay a lower excess, or no excess, for the same premium, or you might be able to get a lower rate for letting your teenage son drive the car.

The other major benefit is that you get a lot of quotes very quickly in one place.

But you might ask: ‘Can’t I do better on the phone?’

It is true that you can get to quite a few insurance companies on the phone, and you can also ask a broker to get you some quotes. That was the best way before the Internet. Even then, you could not rely totally on brokers because several companies deal only directly with customers. And they usually offer competitive rates.

Best to buy auto insurance online

But the fact is that you will do better to buy auto insurance online - on the Internet. But it is not as easy as it sounds so you need a few tips to help. You could type in ‘buy auto insurance online’ at Google, and you will seem to find lots of suitable sites - in fact, you will find about 7.2 million pages listing this term! Well, actually they do not list that term, but they list those words in the first paragraph, but not necessarily in that order.

Even if you get the exact term ‘buy auto insurance online’ you will have to go through a lot of pages to find all the quotes you want. This is what you would have to do if you wanted some specialized forms of insurance, but not for normal auto insurance.

Of course, if you already have a policy you need to get a quote from your existing auto insurance company first. Then, instead of going through all the pages offering auto insurance I recommend that you go to a site that lets you put your information once, and then gets you lots of quotes. You then choose the best one - it may not be the cheapest, but the cheapest that gives you what you need.

Article Source:
http://www.articlesbase.com/insurance-articles/why-you-will-save-hard-cash-buying-auto-insurance-online-370166.html

About the Author:
John Hartley has been writing about cars and the auto industry for many years and you can discover how to compare auto insurance rates and get the best rates at Auto Insurance .

Assuring Your Life Forever

Insurance is a signed contract called policy. The party who buys the policy is called the Policyholder and the party that sells it is called the Insurer. It is taken to safeguard oneself from any financial loss occurring due to any event like death, accidents, damage to property or business, through acts of nature or caused by humans. It gives you peace of mind because you know you’ve prepared yourself for the worst.

The policy is always taken for a fixed period on which a pre-determined amount is paid at regular intervals to the insurer. This amount is called the Premium. Premiums are either paid as lump sums for a year or in installments.

Well, there are two types of insurance coverage: Life and General or Non Life Insurance. Life coverage is taken to support one’s family in the unfortunate event of death or permanent disability or a life-threatening disease. If you have loved ones who are financially dependent on you, then seriously opt for this cover. General coverage on the other hand covers all non-life losses. These can include health issues, damage to property or business, etc.

Lets discuss health, accident and vision insurance, in the sense, what are they and how they are different from each other. Think for a moment and you’ll realize how time has passed by. Basic necessities like food, education, etc are not available at the same price today, which were few years back. In short, our cost of living has increased which means with the rise in the cost, health care has also become expensive now-a-days.

Healthcare expense would include medical bill, operation charges, medicines, hospital stay etc. If one day when you fall seriously ill and need to be hospitalized then this policy will help cover the medical expense. This way you are saving yourself and your family from financial difficulty.

You’ve been a very good driver all these years with a clear record. You follow rules and safety precautions, but not everybody does as you do, although they are expected to do it. Don’t fool yourself into believing that nothing will happen to you. What if one day you get hit by a fast moving vehicle coming your way. You can be badly injured and it might even lead to death.

In such situations an accident policy will take care of you and your family. It will cover tall the expensive medical treatments, physical therapy, crutches, wheelchairs etc.

Vision insurance is different from health insurance but is also a part of it, in the sense that it focuses on a certain part of your body i.e., your eye. It pays for eye examination, eyewear and other vision services. Some of the benefits you can get when you take this policy are: routine eye check at reduced rates, access to ophthalmologists, laboratories, surgeons etc.

What I strongly recommend is, before taking an insurance cover make sure to check the history of the company and its reputation. Evaluate policies with the insurer for changes or alterations in premium rates.

Article Source:
http://www.articlesbase.com/insurance-articles/assuring-your-life-forever-369866.html

About the Author:
We want you to enjoy your life and leave rest to us. Rely on us for individual health insurance , accident health insurance and vision insurance and make yourself feel better.

Best Place to Compare Life Insurance to Get the Best Rate

To help you get the most life insurance for your money it’s important that you take time to compare life insurance rates. And the best place to do that is on the Internet. Here’s how to do it quickly and easily.

The Internet as Your Source for Life Insurance

The Internet is an ideal place to search for life insurance because it’s easy and fast. Unfortunately, it can also be overwhelming. There are hundreds of insurance companies available for you to choose from. How do you know which companies are financially stable? How do you know which companies offer good service? How do you know which companies offer the best rate?

To help you sift through your many choices use an insurance comparison website. Such a website offers several advantages:

* All the companies on the website are A-rated or higher, so you know they are financially sound and stable.

* You can get fast quotes from several companies at one time, so you can compare them and see the differences in their rates.

How an Insurance Comparison Website Works

When you go to an insurance comparison website, you’ll begin by filling out a simple questionnaire. This questionnaire will ask questions about how much and what type of insurance you want, as well as questions about your health and lifestyle. It’s important that you be accurate and truthful.

If you have questions as you fill it out, the best insurance comparison websites have professionals on hand to talk with you and help you out. (See link below.)

Once you submit the questionnaire, the website will match you to insurance companies that meet your needs. These companies will then send quotes for you to review. All you have to do is look over the quotes and see which company is offering the best combination of rates and coverage.

Where to Get The Best Rates

Visit http://www.LowerRateQuotes.com/life-insurance.html or click on the following link to compare life insurance rate quotes from top-rated companies and see how much you can save. You can get more tips and advice in their Articles section, and get answers to your questions from an insurance expert by using their online chat service.

Article Source:
http://www.articlesbase.com/insurance-articles/best-place-to-compare-life-insurance-to-get-the-best-rate-368985.html

About the Author:
The authors, Brian Stevens and Stacey Schifferdecker, have spent 30 years in the insurance and finance industries, and have written a number of articles on the best places to compare life insurance.

What Should You Know About Motorcycle Insurance?

Driving motorcycle using special gears isn’t sufficient to protect yourself on roads. Motorcycle is one of the most dangerous vehicles in the streets. This is because, the riders are uncovered on their tiny vehicle and car drivers sometimes do not see them in the traffic stream.

Insurance is essential for all motorcycle owners. Motorcycle insurance is exclusively designed to provide consumers the coverage they need to find peace of mind while being out with their motorcycles. The main idea of motorcycle insurance is to reimburse your expanses if you have an accident while driving your motorbike.

This type of insurance is really an agreement between the policyholder and the insurer. Initially you should decide what kind of motorcycle insurance plan is suitable for you, and apparently your concluding decision will most likely be based on price.

Better cover doesn’t essentially mean paying extra for your coverage. As a rule, you should remember that comparing different offers from different companies is the best way to find the best rate for your coverage.

When purchasing motorcycle insurance call your agent with whom you presently have other kind of insurance like, car or home insurance. Your agent will make everything easier and you will be pleasantly amazed at how reasonable the motorbike insurance is. If you have a clean driving history and if you aren’t a young driver, then the rate of the motorcycle insurance is expected to be lower.

It is worthwhile to ensure that you involve medical expenses in your motorcycle insurance plan that will generally cover you if you have a mishap while driving your motorbike. Medical expenses insurance is only likely to take effect if you do not have any other medical cover like health insurance or any other type.

All-embracing motorcycle insurance will usually cover certain expenses of custom parts but not essentially all expenses. It is desirable to verify this previous to getting motorcycle insurance in order not to get in misunderstanding.

Low charge motorcycle insurance is probable and with the growing quantity of insurance companies rapidly increasing all over the world, the price has gradually turned down as a result of increased competition. Insurance companies are all the time competing with each other to provide the best and inexpensive insurance charges.

After getting insurance, don’t forget to keep your insurance card always with you, in case of emergency. When everything is done and when you have a motorbike insurance arrangement, keep in mind to be a liable driver.

Visit our web site and get more information about Wawanesa Motorcycle Insurance .

Article Source:http://www.articlesbase.com/insurance-articles/what-should-you-know-about-motorcycle-insurance-368908.html

About the Author:
David Hunter writes articles about auto insurance over the last two years.

Professional Indemnity Insurance for Accountants

Professional indemnity insurance is the smartest way to protect you and your firm by many unforeseen circumstances that may come in your day-to-day operations. It assures to cover you financially while facing an unpleasant situation that may cause heavy financial damages for your business. In last few decades, the market of professional insurance has received the maximum amount of exposure and popularity so that people of different business sizes can come forward to seek the benefits of this beneficial insurance policy.

Indemnity insurance for Accountants

In this growing world, the demand of qualified accountants has been increasing day-by-day. These expert people hold their sharp command in the subject matter of accountancy, which is related with maintenance, disclosure, and provision of financial information. These people are responsible for keeping a sharp eye on the financial transactions of a company, firm or an institute and keep a record for future reference. Accountants work closely with managers, investors, tax authorities, and other decision makers to produce an overall financial picture of a company.

Need for Indemnity Insurance for Accountants

In today’s competitive world, accountants need to be really vigilant and strict about their way of doing. They need to bring transparency in their system so that people from other departments won’t feel any problem in dealing with them. Accountants work closely with management so as to maintain the expenses and can make useful allocation of resources. Due to crucial nature of work, accountants need to be really careful in their work. They do not get influenced by anything and should be true while recording transactions for normal business dealings.

Professional indemnity insurance for accountants is aimed to provide some relief to accountants, who work under a great deal of pressure. By taking adequate insurance policy, you’ll be able to protect yourself to great extent and enjoys your work more.

Article Source:
http://www.articlesbase.com/insurance-articles/professional-indemnity-insurance-for-accountants-368377.html

About the Author:
For further information on Indemnity Insurance Accountants , contractors and professionals please contact Coulson Pritchard Associates directly on 01480 470220 or visit at www.professionalindemnityinsurance.co.uk

Ppi Claims

A fresh rip off scandal hits the UK Financial Services Industry.

In January 2008, when the FSA fined the HFC Group one million pounds for serious failures when selling Payment Protection Insurance , the Financial Services Industry simply hung its head in its hands and prepared itself for a new storm of anger and grief from the British public. A new scandal. A fresh revolt.

Millions of consumers across the UK who took out loans were also sold a form of protection called Payment Protection. The Insurance is designed to protect those who may fall sick or suffer unemployment by covering the monthly loan repayments. Although on the face of it this might seem a very wise form of protection, the real truth is that the insurance is totally useless in most cases and was simply added on to boost commission and snatch more money off the most vulnerable people in the UK. Alarmingly, the amount of PPI included in monthly repayments can be extremely high and many people had no knowledge as to how much they are paying on a useless product which never will give them any benefit.

The sales technique behind the sale of such protection has been anxiously scrutinised by the FSA in its recent investigation. The sales force of large organisations was not even trained properly. Agents from banks, building societies and loan companies pounced on the vulnerability of people desperate to repay debts and take out loans. Millions simply signed on the dotted line just to make sure the loan went through. Many were told that PPI was compulsory and that it was a condition of the loan. Others had no idea that PPI was being sold with the loan. Some who were fortunate to have been told about PPI were never given enough information about the exclusion clauses and the brutal small print. People with pre existing medical conditions were sold the product and in most cases it would simply not have paid out.

The findings of the FSA are desperately frightening to read. It is evident that millions of vulnerable people have fallen victim to bogus sales pitches and greedy salespeople. The fact that so much trust has been reposed in the consultants is just another example of how British consumers still believe in honest sales practices, only to be left completely misled.

Finally, the Financial Services Industry has come to realise that ‘small print’ cannot be used as a defence to such blatant incompetent sales practices. The fine imposed on HFC could be the start of just one slap on the wrist. Many could follow.

Even if loans have been repaid or settled, any premiums paid for PPI can be reclaimed. It is certainly time to get back what it rightfully yours. It doesn’t matter if you paid off your loan 8 months or even 8 years ago. Provided you had PPI bundled up with the loan you can still claim. Many people who have been successfully compensated didn’t even know if they had PPI on their loans so if you can’t remember it doesn’t matter. The most important step is to stake your claim and demand for what is rightfully yours.

JSK claims are specialists in……..

BANK CHARGES. How the Office of Fair Trading might well have the ‘best forensic point’

The Office of Fair Trading has fought hard over the last few years on behalf of the British consumer. It first battled tooth and nail to ensure that credit card companies reduce their default charges. It then took on a new war against for bank charges. It is a fight which may last a considerable length of time but the OFT has shown that it is prepared to pick up as much ammunition as it can find to get a resounding victory.

Millions of people across the UK have been charged by their bank or building society for the slightest oversights. Bounced cheques, returned debits and even going into the red by a few pence has meant incurring heavy charges.

Recently, the High Court heard eight banks and a building society defend its position on such charges. The Office of Fair Trading put forward a simple case. It stated that the charges are penalties and they are unfair because the actual cost of administrating an error costs no more than a few pounds. The banks argued that the charges were for a service and therefore there was no room for the OFT to intervene. The case was heard by Justice Andrew Smith who described the volume of paperwork to read as an ‘enormous burden’.

Although, there has been much discussion as to which side had the most persuasive argument, the most crucial point was perhaps made by the OFT’s barrister Mr Brian Doctor QC. He stated that the terms and conditions of bank contracts must be in plain and intelligible language. He also boldly emphasised that the banks speak a very ‘different language’ and that terms were often ambiguous and unclear.

Although legal experts have focused on the issue of unfair terms and whether the charges are for a service, the main pillar of any judgment may well be on the issue of whether the bank contract terms and conditions are in plain and intelligible language. It is unlikely that one would expect a customer looking to open a bank account, to sit before a bank manager and read each and every term and condition. If the small print is not clear and hidden in the dark on any bank literature, then the OFT might well have the strongest hand. In fact, some of the banks Counsel accepted that it was one of the OFTs best forensic points. Many banks rewrote their terms and conditions last year but it may be too little too late.

One cannot ignore that whilst the barristers have been rumbling at the High Court, the banks have continued to impose charges. Although there has been a stay on all County Court cases involving claims for bank charges, the customer continue to suffer. The charges have not been frozen and referral fees of £25.00 to £35.00 are still scraping away at the pockets of vulnerable people. Of course, these charges may well be refunded in the future but the short term pain carries far reaching consequences as millions head further into debt with record levels of repossession. The test case has not only given banks a little extra time but has further boosted profits in the meantime.

Financial experts have commented on the possibility of the end of free banking in the UK if the OFT win. That is of little concern today. If banks do start charging to operate bank accounts then consumers will simply take their money elsewhere and foreign banks such ICICI may well pick up the protestors on the way. The consumer has simply lost faith in the industry. The British public is prepared to revolt to get back money and there has been a staggering increase in the number of County Court claims filed against banks. There is no fear and such tenacity to take on large organisations will surely cause ripples across the globe.

Article Source:
http://www.articlesbase.com/insurance-articles/ppi-claims-368363.html

About the Author:
JSKclaims is one of the U.K.’s leading compensation specialists for bank charges and PPI Claims

High Risk Driver Cheap Car Insurance

How do you find cheap car insurance for high risk drivers? Well, it is easy, but first you need to define what would classify you as a high risk driver. You would think of a high risk driver as someone with lots of speeding tickets, or accidents. But did you know that you can be a high risk driver based on your age?

Many teens and younger people are classified as being a high risk driver just because of their age. This is primarily due to the fact that young people, teens in particular, don’t have a lot of driving experience. Also, being above a certain age, as in elderly adults, can affect your car insurance rates.

Generally, the biggest issues that will get you classified as a high risk driver are traffic violations, dui/dwi offenses, and previous at-fault accidents. It is the best practice to be honest with your insurance agent when talking to the about your past driving history. If they find out later that you lied, or didn’t tell the whole truth about your driving past, they often times can, and will, cancel your car insurance policy.

High risk drivers can find cheap car insurance with online car insurance quotes. This is the easiest method and the most time saving. Why? Instead of driving all over town looking for the right agent wasting time and gas, using online car insurance quotes for finding cheap car insurance for high risk drivers will save you time and money.

The internet has made it really easy to find cheap car insurance online. High risk drivers can be younger drivers that don’t have a lot of experience, or older people that have had an increase in accidents or claims. Road rage incidents and DUI/DWI arrests can also classify you as a high risk driver.

To find the cheap car insurance for high risk drivers that you need, check out some more tips to save you money on your car insurance quotes. This is a great way to get cheap car insurance for high risk drivers such as teens, DUI/DWI or other problems that would cause you to not find cheap car insurance.

Article Source:
http://www.articlesbase.com/insurance-articles/high-risk-driver-cheap-car-insurance-367842.html

About the Author:
You can read more about high risk driver insurance tips to save money on your car insurance.