question about insurance agent licensing exam?

Hi,

I’m going to be taking my insurance agent license exam for life and health insurance. I’ve been studying using the PASS package from Able. Is the Pennsylvania test similar to the study package…in that, mostly, you are just memorizing the terms. If anyone has used the Able system, is the state exam a lot like the quizzes and test in the study package?

I haven’t used the ABLE product, but the exams are pretty much the same in all states. You need to know especially the subtle differences between similar terms.

Do we need to deregulate the health insurance industry?

Insurance companies are one of the most regulated industries on the planet. Instead of putting in place a Universal Healthcare System, should we model health insurance around the life insurance model in place today?

If we deregulate the insurance industry and allowed competition across state lines, it would be affordable.

You can have whole health that grows in value until you need it like whole life. You buy it young to get the cheap rates. You have term health that can be bought in 1 year, 5 year, 10 year or 20 year increments like term life. Premiums would be based upon the policy you choose and a physical exam.

1 year term health would be the cheapest and would cover the basic healthcare and the cost adjusts every year we get older. Whole health would be the most expensive and if you didn’t use the entire policy when you die, the retained value passes onto your children or spouse.

To me this makes sense vs. UHC. Thoughts?

We need to deregulate all the markets. Government regulations are bad, period. That’s what pushing business out of the country. No business, no jobs, unemployment, social support, your taxes go high. The market can handle by itself.
We don’t need the protection of the government, we can buy by ourselves and if things go wrong, we learn and move on.

What company provides a life insurance quoting engine software to install in an insurance agency website?

I need a software where I can input one (or more) life insurance company rates. Preferably if I have the freedom to input any company and not "pre-packaged" ones. Thanks.

You are better off hooking up with a General Agency. They allow you to use their software to shop out all the carriers they are contracted with. You will have to contract with the agency and then use them for all application submissions.

Try this site

http://free-best-life-insures-comparator-usa.blogspot.com/

Here you can get quotes from different life insurance companies in your area, its the best way to find an affordable life insurance with a reliable company.

Best Free Life Insurance Quotes Site?

I was wondering if anyone would be able to tell me what is the best free life insurance quotes / rates site online?

The simpler it is and the faster it is to get information from, the better. Since i really need a life insurance as soon as possible.
Thanks

Try this site

http://free-best-life-insures-comparator-usa.blogspot.com/

Here you can get quotes from different life insurance companies in your area, its the best way to find an affordable life insurance with a reliable company.

Whole life and term insurance thing again:?

here is my original question

http://answers.yahoo.com/question/index;_ylt=AloaSJ00r.VoSPxXAt2Z2jbsy6IX?qid=20070807141947AAb1AOI

very good answers and i want to explain a bit more. i am 34, my husband is 40. we dont have any retirement investments (for the most part). My concern is with term life ins that what if i get a 10, 15, or 20 yr policy – will i be able to renew for another term without question or by that time will i be subject to questions and medical exams or outright denied ? I just want to make sure either one of us will be alright either way. no kids.

You REALLY need to meet with someone who can help you develop a financial game plan. And then EXECUTE ALL the steps in that plan.

The big question which is very difficult to answer is "What will your financial picture be in 20 (or 30) years?" That includes what will your future expenses (and debts) be at age 54/60 (20 years) or 64/70 (in 30 years). Will you have enough money to retire? Will your debts be paid so that IF one of you dies after age 50, will the other manage? What if that death was prolonged and expensive (as in expensive medical treatments and loss of income)? What if one of you need nursing home or extensive home health care when you are 80?

These are complicated questions but very real ones.

Many term policies are convertible to permanent policies WITHOUT proving you are healthy BUT they are also expensive to convert. Be sure to ask how much the premiums will be if you convert at age 50.

Keep in mind that you CAN own both term and permanent insurance and that there are other kinds of permanent insurance other than Whole Life.

Go meet with several agents and planners. Expect to pay a fee.

*

life insurance no physical exam?

if someone gets approved for a $250,000 30 year term policy with no exam but after 10 years died from cancer, should the policy still pay?

he wasnt diagnosed with cancer until 5 years after he had the policy but the Dr said he may have had the cancer for over 5 years

so would that be considered a pre existing condition? even if it wasnt in his medical records when he was approved for the life insurance policy???

SHOULD THE LIFE INSURANCE COMPANY PAY????!!!!!!!!!!!!

Since he wasn’t diagnosed with it until 5 years into the policy, the policy should pay out.

Only way it wouldn’t would be if there is an exclusion in the policy.

how is the insurance process? ?

hi i need to understand the insurance process, step by step. including the industry terms. for example;
1- potential customer
2- insurance company ask, rating factors: age, sex, car maker, age, etc
3- info goes to an underwriter, "what do they do with it"
4- quote goes back to the client……
5-etc

please help, im trying to customize an insurance software to the American market but i am unfamiliar with the insurance products life cycle…
so after the underwriter revices the quote the client agrees and signs the proposal and then it goes back to the underwriter?

The general process is this:
1. Potential Client
2. Collect info (dob, dl#, vehicle info, etc)
3. Do the quote
4.Call and sell the quote and inform them that its subject to underwriting
5. Once issued, underwriting reviews and approves or adjusts
6. Client recieves policy

How much is basic basic basic insurance going to cost me? First time car buyer, first time driver, etc?

I’m 18, I’ve never owned a car, credit, insurance or anything.

I’ve been living on my own for the last 6 months (moved out of parents house) and finally have enough to buy a car. However, I somehow was quoted $712/mo @ Allstate (online), and I’m definitely not paying that much for a car that’s only worth just under $1,500… that’s insane. I’d rather walk then pay that crap.

What do you suggest I do to get a lot lower insurance rate ($150~ and under a month, 200 tops)?

If it’s oddly possible or somewhat rare of a possibility to get those rates in my condition, then I’m just going to get a motorcycle. I got quoted $124/mo for insurance on a 600cc. I want one more anyway.

Somewhat sidetracked but, back to the question.

How can I lower that?
My mom said she might switch to Nationwide, since she lives in another state, and register my vehicle in her name so I can get the price she pays ($89/mo)…

autoinsurance.noneto.com – check this one. As I remember they have lowest car insurance rates for teens and young drivers.

Which is better, Colonial Penn or Garden State Life insurance?

I am looking for a life insurance policy for my father, he is 54 and a non-smoker. I am looking at term life insurance and would like a policy of at least $50,000 with no medical exam. Are both of these companies legit? Has anyone ever dealt with these companies and had a loved one pass? Please share your experiences.

As a disclaimer, I work for Garden State and write for their blog. You can be assured that both are quality life insurance companies that have been around for many years. I don’t know Colonial Penn’s financial rating off of the top of my head but Garden State is "A" rated by AM Best.

RBC and HSBC are also quality companies that offer term life insurance without a medical exam if you just want a some more options.

If your father dies less than 2 years after the policy is issued there may be a delay from any of these companies because they will have to investigate the claim since it would fall within the contestability period. It may take a couple of months for you to collect. If he dies outside of 2 years then you should be able to get your death benefit in only a few weeks.

I’m trying to decide between 20 vs 30 year term life insurance policy?

I want to buy a Term Life Ins Policy for the purpose of leaving some money for my kids once I’m gone. I am a healthy 55 yr old fem. I’m considering a $250K policy. For a 20-year term it is $59.72/mo. For a 30-term it is $198.52/mo. Let’s assume that I will live beyond the 30 yrs. At that time I will have to buy another term or convert to whole life, and most likely have to get another med exam (at age 75 or 85). Which term policy would be cheaper in the long run? I am considering a smaller policy ($100K) for 30 years at $92/mo to save money. What should I do?

If you want to make sure that you have a certain gift amount to leave to your children you can take 1 of 2 approaches.

1) Buy a whole life insurance policy for the amount you want to give or the amount you can afford. No risk. That $100K or whatever will be there if you die tomorrow or at age 120.

2) Buy the term policy for 20 or 30 years, and take advantage of the lower premium to be sure that you save up for the gift amount you want to leave by the time the term runs out. This is a little more efficient because you can control where you save and can probably get a better return on your money, but you take on a little more risk because the burden is going to be on you to make sure you save that money.

Next Page »