Insurance agent license
Insurance sales agents, referred to as “producers”, “brokers” or “agents” represent and offer clients one or more types of insurance. The types of insurance they offer is; property and casualty, life, health, both Medicare Supplement and Advantage plans, Annuities, disability, as well as long-term care. They need an insurance agent license specific to the insurance they want to sell.
Licensed property and casualty insurance agents ” P & C agents” handle policies that protect individuals and businesses from financial loss resulting from automobile accidents, fire, theft, storms, and other events that can damage property. In the business arena, property and casualty insurance can involve injured workers’ compensation, product liability claims, or medical malpractice claims. Contracts for P & C can be difficult to obtain. The insurance companies for this type of product often want to see a certain amount of production prior to granting an appointment.
Licensed life insurance representatives specialize in policies that pay beneficiaries when a policyholder dies. Life insurance agents also sell fixed, Fixed indexed, MYGA and SPIA annuities.
Licensed Health insurance agents represent health insurance policies. These policies cover the costs of medical care and loss of income due to illness or injury. They also may sell dental insurance and short-term and long-term-disability insurance policies. Health insurance also includes products such as Medicare Supplements, Medicare Advantage and Medicare part D. It may also include indemnity based products such as Hospital indemnity, Cancer and Critical illness policies.
Today, increasing numbers of license insurance agents specialize in more than one type of insurance.
Agents will often sell life, health and even P & C and offer multiple companies in order to find the best rate available for the client. It can be more difficult to offer multiple companies. Agents who offer different companies is a big advantage over those insurance sales people who only work with one company.