Why We Are Different
Finding a good life insurance agent can be crucial in ensuring you receive the right coverage and assistance with your insurance needs. Here are some steps you can follow to find a good life insurance agent:
- Assess your insurance needs: Before searching for an insurance agent, determine what type of insurance coverage you require. It could be term insurance, permanent insurance, IUL, or any other specific type of insurance. Understanding your needs will help you find an agent specializing in the relevant coverage area.
- Seek recommendations: Ask friends, family members, or colleagues if they have had positive experiences with any insurance agents. Personal recommendations can be valuable as they come from people you trust.
- Research online: Utilize online resources to find insurance agents in your area. Websites such as Yelp, Google, or the National Association of Insurance Commissioners (NAIC) can provide a list of agents near you, customer reviews, and ratings.
- Check credentials and licenses: Ensure that the insurance agent you consider is licensed and completed the required Continued Education (CE) credits. For example, an annuity sale requires the annuity CE certification or a Long-term care Insurance sale requires both Health license and LTC CE certification. If the agent has completed extra optional CE certifications, it’s a plus as the agent was committed to the updated knowledge the help the clients.
- Check the Insurance Carriers: Find out how many Insurance carriers the agent represents and what their ratings are. The captive agent only represents one carrier and the independent agent represents multiple carriers. Check for the carrier ratings and how long they have been in the business.
- Evaluate their experience: Consider the agent’s experience in the insurance industry. An agent with several years of experience may have a deeper understanding of various insurance products and better industry knowledge. For example, IUL is one of the most popular products that most agent would recommend. However, IUL is a complex product and it needs to be designed and structure it properly. The future perfomance and cash values depends greatly on it, especially the selected level or increasing death benefit. More importantly, wrong designed IUL could cause a MEC violation what eliminate all the tax-free benefits. The agent also should be able to distinctguish the different types of indexes, its past performance, cap, floor, participation rate, lock-in feature, etc.
- Consider Fiduciary Duty: Prefer advisors who adhere to a fiduciary standard, meaning they are legally obligated to act in your best interests at all times. Fiduciary advisors are required to disclose any conflicts of interest and prioritize your financial well-being over their own.
- Evaluate the Broker’s Website and their Social Media: In today’s world, all the work in life insurance can be completed online and remotely. The agent’s office and company presence is not important anymore. However, the online presence is much more important to see what the agent and its broker work, represent, and support. Check if the agents that are focusing on their clients, their services or their products, instead of focusing on their agent success, trophies, awards, downline recruiting, luxury vacations, luxury cars, big commission checks, big agent events, or irrelevant matters.
- Evaluate their technology: Check if the agent uses the latest and greatest financial tools and softwares to support their clients. Most insurance company will have their own illustration software but it’s just the basic for their own product. More sofiticated tools are needed to give the client a forecast of their financial planning.
- Compare Quotes: Get quotes from multiple insurance agents to compare coverage options and prices. A good agent will take the time to understand your needs and provide personalized recommendations that offer the best value for your money. Ask for the illustrated rate and selected options to make sure the comparison is accurate.
- Trust Your Instincts: Ultimately, trust your instincts when choosing an insurance agent. Select someone who you feel comfortable working with, who communicates clearly, and who demonstrates integrity and professionalism, and transparency, and who has your best interests at heart. Check if agent is working under multi-level marketting (MLM) broker, especially if the agent is under a hierarchy of uplines agents who may affect the agent’s best interest.
By following these steps and conducting thorough research, you can find a good insurance agent who can help you navigate the complex world of insurance and provide you with the coverage you need to protect yourself, your family, and your assets.
At USA Investment Solutions, we don’t just meet your expectations; we surpass them. When you’re seeking the finest agent to partner with, we’re here to deliver. As one of the most comprehensive and largest one-stop destinations for Investments, insurance, and retirement planning, we offer a breadth of services unmatched in the industry. Michael, our advisor, upholds a fiduciary standard, ensuring that your best interests always come first. We have the most licenses in Investments (Stock, Mutual Funds, ETFs, Bonds, etc.), Life Insurance, Accident & Health Insurance to make sure your porfolio is diversified as you want. We focus not only on the Rate of Return, but also on Safety, Tax benefits, and Liquidity of your investments. We utilize the latest cutting edge financial planning software to help you to achieve your goals successfully. Here are the key reasons why we stand out from other life insurance agents and brokers.
Our TOP Differences
We are an independent broker that can sell policies from several different companies. This gives us a lot of flexibility and allows us to find the best possible coverage for our clients. Depending on the unique situation or financial goal of each client, one carrier may be better than the others. Only the independent broker can compare all the carriers and offer the best unbiased recommendations. The Captive agents only sell the products of the insurance company they work for and cannot help clients outside of that offering.
Learn More: Why It Is Important To Work With A Non-captive Insurance Broker
We are not under a Multi-Level Marketing (MLM) broker which are typically multiple levels of agents, with commissions and bonuses flowing up the organization. Thererefore, we are not under pressures from multiple layers of uplines to focus on recruiting new agents or meeting monthly sales quotas. Our sole and unwavering focus is squarely on delivering high-quality products and services that meet and exceed our clients’ expectations. Especially, unlike MLM brokers, we don't face the high agent turnover that may also disrupt client-agent relationships. There are more than 90% MLM recruits leaving within their first year and this is almost double the quit rate of 50% for a regular and non-MLM agent.
Learn More: What is MLM Insurance Broker and Why It is Bad for Clients
Unlike a Captive Insurance Broker or MLM Insurance Brokers which only represents one or a few Insurance Carriers, we represent more than 90 Best Carriers in the U.S, such as National Life Group (LSW), TransAmerica, Allianz, AGI, Athene, Mutual Omaha, Protective (Costco only carrier), etc. Many carriers are A+ rated and were founded more than 100 years. We have the ability to shop for our clients at the best rate with more benefits for your coverage. We also have the ability to offer many different types of insurance that others don't have.
Learn More: Why There are Many Insurance Carriers
For our insurance business, we are affiliated with one of the best IMO companies with more than 50 years of experiences, representing 90+ insurance carriers, helping more than 20,000 insurance agents across the U.S. It's very important to the clients to work with a big back office for good support in case designs, applications, medical exams, underwriting, compliance, inquiries, etc. The IMO company plays a critical role in the insurance industry by connecting independent agents and advisors with insurance carriers and providing them with the resources and support needed to serve clients effectively. They also provide regular updates and training for new and existing products from all the affiliated insurance carriers. As a result, our clients are fully supported 24/7 so they can rest assured everything is done correctly and our recommendations are suitable and comply with the laws. The MLM life insurance broker is not an IMO as their primary focus is on recruitment and building downline agents, our IMO primarily supports our agents in their sales and service efforts.
Learn More: Why IMO Office is Important and MLM Is Not IMO
Most Life Insurance Agents do not have health licenses that allow them to Medicare Advantage, Medicare Supplement, Long Term Care (LTC), and Disability Insurance. These types of insurance are very important for wealth preservation or retirement planning. Especially, the LTC services are extremely expensive and potentially exceed $100,000 per year in some areas. It can significantly deplete one's savings or retirement funds in a short time if proper planning is not in place. In 2022, it was estimated that approximately 70% of individuals aged 65 and older would require some form of long-term care services in their lifetime. In addition, the agent is also required to complete the 8-hour LTC CE course each year. We are one-stop planning for all of your investments, insurance and retirement planning.
For California: Check License Status & CE Courses
Learn More: Why LTC Insurance is Important in Wealth Preservation & Retirement Planning
Our CEO, Michael Tran, is a registered Investment Advisor Representative (IAR) under the Securities and Exchange Commission (SEC). His affiliated Investment Advisor firm has about $400 million in assets under management. His firm can manage the client's investment portfolio in stocks, bonds, ETF, REIT (Real Estate Investment Trust), etc. Depending on our client's risk tolerance and goals, Michael can advise them to invest their portfolio accordingly. In addition to what a licensed life insurance broker can offer, Michael can provide the client the honest investment advice in comprehensive financial planning with a holistic approach and fiduciary duty. We are a one-stop shop for all investment types that you need. Life Insurance products may not provide the same level of diversification and growth potential as a well-structured investment portfolio. Again, We are one-stop planning for all of your investments, insurance and retirement planning.
Learn More: What Is an Investor Advisor and Why It Is Important to work with IAR?
Our CEO, Michael Tran, is a registered Investment Advisor Representative (IAR) under the Securities and Exchange Commission (SEC). His affiliated Investment Advisor firm has about $400 million in assets under management. His firm can manage the client's investment portfolio in stocks, bonds, ETF, REIT (Real Estate Investment Trust), etc. Depending on our client's risk tolerance and goals, Michael can advise them to invest their portfolio accordingly. In addition to what a licensed life insurance broker can offer, Michael can provide the client the honest investment advice in comprehensive financial planning with a holistic approach and fiduciary duty. We are a one-stop shop for all investment types that you need. Life Insurance products may not provide the same level of diversification and growth potential as a well-structured investment portfolio.
Learn More: What is Fiduciary Duty in Financial Planning?
We have the skill sets and complex financial tools needed to help our clients protect their assets, grow their wealth, and plan their retirement. Instead of asking the clients to simply put as much money investing in a product and hoping they have enough to cover their current expenses or retirement, goals-driven financial planning puts them in the driver's seat to your future by defining your objectives, then crafting a written plan tailored to help you reach those goals. We use the best financial software and financial tools in the market to track their goals, investments, tax planning, forecasts of your financial future based on your current financial situation and assumptions, your probability of success in retirement, etc. We also do regular reviews and adjustments to the plan as circumstances, goals, and financial markets change. In addition, we offer financial education to help our clients understand their financial options and the implications of their decisions.
Learn More: What is Holistic Approach and Why Planning Software is Important?
Most of the Insurance broker' or agents' websites only contain simple information and services focusing on their brands, their teams, level or title achievements, big conventions, big payment checks, luxury cars, beautiful company trips, motivational quotes, awards, trophies, downlines, etc. These mainly promote recruiting and it's not for the consumers who are looking for the service. Our website is different as we focus mainly on product and educational resources for consumers and clients. It is very important to have consistent and standardized information, ensuring that everyone receives the same accurate and up-to-date information. This consistency helps prevent misunderstandings and misinformation. Investments are important and they all have advantages and disadvantages. Wrong investment can be very costly and our education resources can help everyone to avoid it.
Learn More: Why Is Website and Client Educational Resources Important?
When you become our client, our commitment extends beyond a single transaction; it's a lifelong relationship. We're here for you whenever you need assistance, ensuring your needs are met with professionalism and honesty. Building trust and fostering long-term connections are paramount to us, which is why we prioritize your best interests in all our advice and services. Additionally, we strive to enrich your experience by involving you in various social and community events, expressing our gratitude for your support, and giving back to the community that supports us. We believe companies have a moral obligation to contribute positively to society and address social issues. Giving back to the community demonstrates a commitment to corporate social responsibility (CSR), showing that the company cares about more than just profit and is actively working to make a difference in people's lives.
Learn More: Why Is Website and Client Educational Resources Important?
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