What's are some of the differences between insurance *agencies* and insurance *companies*? Are they the same thing?

Basically, insurance companies are larger entities. They draft legal contracts, pay out death proceeds, set premium rates, underwrite prospective insureds, and so on.

Agencies, on the other hand, call prospects, interact with clients / customers, produce new business (sell policies), service policies, and so on.

In this video, I sketch some of the differences.

Disclaimer: I am not a financial adviser. Nothing herein is to be construed as providing financial, insurance, investment, legal, retirement, or tax advice. If you need personalized recommendations, consult a competent and licensed professional in your area.

For further reading, please visit:

InsurancePrescription.com

свернуть