Exclusive Agent vs Independent Agency: An Inside Point of View

exclusive agent vs independent agency

What does separate an exclusive agent from the independent agent?  In my job, I am allowed to visit with mortgage companies and realtors in an attempt to help drum up business for myself and my company.  At one particular visit, I was posed a question by a realtor owner and friend. He asked, “What separates your company, an exclusive Allstate agency, from the independent agency that also has Allstate?”  At that time, it was early in my insurance career and I didn’t have an answer for him. It was a…

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Insurance Carrier vs Insurance Agent

exclusive agent vs independent agency

Whether you’re a practicing insurance agent, a hopeful trying to get your feet wet in the industry, or merely a customer, it’s helpful to understand the difference between an insurance carrier and an insurance agent. These two terms are often used interchangeably by people who don’t know better, but the reality is that they refer to two completely different things. DC Insurers Affiliate Program emphasizes that agents and carriers must work closely together within the insurance industry, so no matter what your role, read on. What is an Insurance Carrier?…

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Will life insurance agents soon need to redefine their jobs?

InsuranceBee and Hiscox launch insurance agent partner program

If Trump repeals the federal estate tax, higher-end agents may find themselves in wealth management. High-end life insurance agents may have a career shift headed their way if President Elect Donald Trump follows through on the elimination of the federal estate tax. It is still unknown as to whether or not Trump will indeed proceed with that proposal. That said, if he does, it could force agents selling life insurance to high end clients to need to recreate their business models. As of yet, it is unknown as to whether…

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Insurance agents: Wake up and smell the competition!

Insurance agent consumer knowledge

In this consumer market, success is centered around the ability to know what you’re up against. Insurance agents and insurance brokers are subject to many of the same rules as any other small business owner, and when it comes to the current consumer market, this means that success is wholly dependent on boosting consumer awareness, customer service, and community and local knowledge. It is vital to get out into the community in order to enhance each of these integral elements. Right now, the consumer has no shortage of choices. The…

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