Search CompleteMarkets

...ong-term investment return of two mutual funds with managers of comparable ski...ll properly fill their needs. Unlike mutual funds which provide wholesalers to suppo...

...roup, a holding company of Allied Mutual - who ended up with lots of money tha... company capital is tied up inside a mutual, there are a lot of goings-on to untie the funds. The resulting stock transactions ...

...the primary requirement should be mutual trust and respect. Geographic proximi...

... everything in the world could be covered with no exclusions. However, if you don't meet the definition of who's an insured, it's a moot point. For this article, I'm going to focus on two areas: the Life side of the industry and individuals selling mutual funds, variable annuities, and financial products through a broker/dealer. First, let's focus on Life agents who may find the E&O concept somewhat foreign because they typically don't deal with P/C products. Ask yourself these questions: Do you ... a certificate of insurance or a policy? If you don't have a policy, do you know what coverage you have? If you're operating under more than just your personal name, such as a corporation, is that entity named on the policy or certificate? If not, there's probably no coverage. If you're insured as an additional insured under another policy, do you place all of your business through them or do you need to place business through other agencies or directly to the carrier? If you place business directly, errors ... in placing that business are probably not covered. Are you the only licensed individual in your agency? Does your E&O provide coverage for employed agents, 1099 individuals, or independent contractors that place business through you? If you don't know the answers to these questions or have some serious doubts, you may have a serious gap in coverage. Some policies have a very broad definition of who's an insured, including, but not limited to: The actual named insured, whether it's an individual, partnership, or corporation The ...

...onsulting? Do you sell annuities, mutual funds, or other securities, particularly in...7;t place risks for other agents and brokers. Avoid prospects and insure...

...tment (ROI) on your last stock or mutual fund, but what about the ROI on your AMS? D... of software available to agents and brokers, the survey will open your eyes t...

...s and provide better results with mutual funds, I don't believe that most can succee...

Mutual Funds: Module V-I
  MUTUAL FUNDS: MODULE V-I   OVERVIEW ...re is no initial sales charge. Every fund will charge a management fee of som...

... ' renewal dates are several years apart, risk managers get a reprieve from the time-consuming, costly process of annual policy renewals. Builds relationships. Entering into a multi-year policy helps build long-term relationships between the insurer, broker, and insured because long-term commitments tend to be mutually beneficial. The insured hopes to receive better rates, terms, conditions, or claims-payment services than afforded by a single-year policy or a three-year cancelable policy. Tracks the exposure better. In some situations, it may be desirable to know that insurance will be in ... through a long-term policy, many such policies require high up-front premium payments. Sometimes the entire premium is due at inception. Although many brokers offer attractive premium-financing terms, make sure that any premium savings are not offset by lost opportunity costs on the organization's internal rate of fund returns. The relationship may be fragile. That entering into a multi-year policy helps to build a beneficial relationship with the insurer may be wishful thinking. Many insureds are able to continue long-term business relationships with their insurer that are indeed beneficial to both parties-and we encourage ... months in advance of policy expiration. Because multi-year policies' renewal dates are several years apart, risk managers get a reprieve from the time-consuming, costly process of annual policy renewals. Builds relationships. Entering into a multi-year policy helps build long-term relationships between the insurer, broker, and insured because long-term commitments tend to be mutually beneficial. The insured hopes to receive better rates, terms, conditions, or claims-payment services than afforded by a single-year policy or a three-year cancelable policy. Tracks the exposure better. In some situations, it ...

... ownership and beneficiaries executed quickly? Proposal illustration capacity: Look for a company that can back you up with illustrations, marketing tools, and service. If you are interested in selling to financially sophisticated clients, you should look for a carrier that offers limited partnerships, mutual funds, a range of securities products, and other Life and securities products. The administrative support service should also be good. Life products: Does the carrier offer many different types of Life insurance products? Look for companies that provide Universal Life as one of ... depends on the current investment performance of the insurance company's portfolio. But there are also expenses. These include administrative charges and cost of insurance, which are controlled by the company, and withdrawals and loans, which are controlled by the client. As long as some funds remain in the policy, insurance remains in force. However, if the funds are allowed to deplete, the policy terminates without value and taxes are due on the cash value exceeding the premiums paid. Policy Loads Universal Life loads can be either front-end or back-end ... Look for strong investment strategy and expertise. What is the carrier's investment philosophy? Does it take too many risks, or not enough? The company's investment ability is crucial to the success of a Universal Life program. If possible, take a look at the carrier's broker/dealer's track record. Look for a company that has a reputation for offering high-quality products and providing quality service to both agents and policyholders. Company stability and reliability should also be evaluated. Look at the carrier's ratio of surplus to liability, its ratings, ...