What You Should Know About Your Insurance Adviser

What You Should Know About Your Insurance Adviser

Information about an insurance adviser can be found at the state’s Department of Insurance in which they are licensed to sell and service insurance. Additional information can be found at the National Association of Insurance Commissioners (NAIC) and the Financial Industry Regulatory Authority (FINRA), if applicable. All the information found of these three sources can give you a better understanding of your adviser’s professional background.

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How Do I Know an Insurance Company is Committed to High Standards?

How Do I Know an Insurance Company is Committed to High Standards?

Every insurance company adheres to their own ethical standards as well as to basic guidelines laid out by their state’s Department of Insurance. A new entity called the Insurance Marketplace Standards Association (IMSA) was recently created. Their mission is to promote high ethical standards in the sale and servicing of individually sold life insurance, annuities and long-term products.

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What’s The Best Way To Choose a Life Insurance Adviser?

What’s The Best Way To Choose a Life Insurance Adviser?

Any adviser selling life insurance and/or annuities must be licensed with their state’s Department of Insurance, which can vary greatly from state-to-state. Contact information for each state’s insurance department can be found here. With insurance departments, the resources and compliance can sometimes be more relaxed in some states than others. An insurance department’s website can be a valuable source of information. On most websites, you can research whether or not an insurance representative is licensed…

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