| Call them insurance brokers or insurance | | | | |
| agents; or better still, personal financial | | | | Depending on how creative is an insurance |
| advisors. All these titles indicate to those | | | | broker; he can tailor products for children's |
| people who engage their whole time to ensure | | | | college fees, healthcare benefits and |
| your life's security. No wonder their | | | | hospital covers. |
| profession is in much demand, and insurance | | | | |
| sector is the largest employer in the nation, | | | | Health insurance brokers prefer a different |
| as they sell such financial products which | | | | style of working unlike life and property |
| protect your family and/or dependents when | | | | (car, house hold articles etc) insurance |
| you are no more there. | | | | brokers. Accordingly, they are rather seen |
| | | | working with groups of employees more than |
| As a matter of fact, not all the insurance | | | | with individuals. For those who specialize in |
| sector workers are brokers; a good 70% work | | | | health insurance, they are expected to be |
| in administrative responsibilities of the | | | | well versed with healthcare issues too. The |
| total 2 million plus strong work force. | | | | governmental Medicaid policy is serviced by |
| | | | brokers who are directly employed by the |
| The Three Main Areas of Insurance Broking | | | | government. |
| | | | |
| An insurance broker being the front face of | | | | Lastly, property insurance covers both |
| insurers works on three main areas of the | | | | damages done by and to the policy holders. |
| whole business. Life insurance, Health | | | | The claim settlements of property insurances |
| insurance and Property insurance are these | | | | need to be precariously handled as there are |
| three areas. A broker is required to have a | | | | possibilities of policy holders fraudulently |
| commanding and comprehensive knowledge of the | | | | making false claims. |
| financial market and economy as a whole in | | | | |
| order that he advise his clients and help | | | | Career as Insurance Broker |
| them choose the appropriate policy. Within an | | | | |
| interaction or two with the clients the | | | | There is a slender difference between |
| insurance broker will gather sufficient | | | | insurance agents and brokers. Agents work as |
| information about the clients' financial | | | | employees of insurers where as brokers are |
| positions and future needs that he can tailor | | | | independent entrepreneurs. Because of their |
| a solution for them. | | | | vast experience and time availability, they |
| | | | are engaged in activities as real estate |
| An Insurance broker's basic duties include | | | | broking and investment consultation etc to |
| collecting premiums at designated intervals | | | | supplement their incomes. Insurance broker is |
| from policy holders, helping the family | | | | qualified and licensed (Personal Financial |
| members of the policy holders in the event of | | | | Advisor) through examination as per US |
| death of the policy holders during the term | | | | Patriot Act. |
| of policy with claims and settlements etc. | | | | |