When people first encounter an insurance company they almost always come in contact with an entity called an agent. According to the definition of agent in any glossary, an agent is someone who represents a company’s product, a middle man if you will. In this case the agent represents an insurance carrier. Read More…
Insurance companies use a consumer’s credit score as an underwriting tool for setting rates. A credit score is nothing more than a method of determining the likelihood credit users will pay their bills.
Inherent in all annuities are two phases, the accumulation and the annuitization phase. The accumulation phase is exactly as the name implies. It starts when you put money into the annuity. This is commonly called “funding” the annuity. Read More…