What checks should i make before selling insurance to risky customers?
Answers: If a carrier has decided they are going to cover a risk, why would you worry about selling them Insurance? Risky or not, if they don't pay, they don't have coverage.
If you know how to manage your earned and unearned commission, then you have nothing to worry about.
Why discriminate against your clientelle? If they are paying customers then sell them a policy. If they are acceptable to the carrier, then sell them a policy. If they walk in through your door, then sell them a policy. Risky Clients mean higher premiums and higher premiums mean more commission. I don't know about you, but I'm in it for the commission.
Apparently you have already made them since you know that they are risky.
In general, risky customers have higher rates. you base this on the checks that you have previously made.
make sure that they are current on the car payment and the house note if either of these are what your coverage is for.
Be sure to have them pay in advance of the month that you are covering so that when they dont pay you can cancel
Insurance companies have underwriting standards and they make the rules about what kinds of "checks" you must run before you sell insurance.
In the US (since you didn't specify your location), the states heavily regulate what checks you are allowed to run on someone prior to selling them insurance. Attempting to go beyond those boundaries would be an excellent way to lose your license in a hurry.
What are the effects if i go and get an SSS, Philhealth and at duplicate time insurance from the Philamlife?
Are they not in conflict beside each other? 'Cause i plan to draw from SSS and Philhealth and a life insurance from the Philamlife.Answers: SSS and Philhealth is a pre-requisite when you work..
sss is the private counterpart of GSIS..
you really own to have these description of insurance but Phlamlife is not really that needed..
You can patronized Philamlife as long as you resembling it or you really want it..or you may not..
no they're not in conflict. sure they overlap a bit, but if you can afford three, why not
Life Insurance claim ?
Could some one tell me this if I am the beneficiary to my cousin insurance policy, beside a insurance co, and if he die can i take the insurance papers i hold to his job and they will hornor these serious newspaper and give me the insurance claim that he have on his job, he have no one down for his beneficary because he did not renew his card when he be transfer to another location. Do i have need of to get a power of attorney epistle for his job or will this dispatch from another insurance co work, can some one tell me be i can down load a message to claim the insurance from a person within case of departure.Answers: You are confused. If your cousin is still alive, as you state, he is the one who should be updating beneficiary designations on any life insurance he have, not you.
Your cousin can name you the beneficiary on his unmarked policy.