Agency networks are the new reality in the insurance distribution industry

Competitive pressure, increasing capital availability (even at present rates), and an altering business landscape (due in part to the pandemic) have created an opportunity for independent insurance agents (IAs) to be innovative in order to expand and remain independent in the insurance market. As a result, several IAs have sought out agency networks that give …

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Trends in the Auto Insurance Market for 2023

The vehicle insurance industry in the United States is confronted with a variety of issues, including an increase in the number of severe weather occurrences, labor shortages, and inflation. According to a ValuePenguin analysis, premiums are likely to climb by 8.4%.1 According to the Insurance Information Institute, vehicle coverage prices trailed behind inflation in 2020 …

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What is life insurance cash value and how does it work?

Some life insurance policies have a cash value component that may be used to build wealth. Your life insurance policy may give more than just a death benefit; some policies provide cash value that you may access while you’re still alive. Cash value is a feature of permanent life insurance that generates interest and allows …

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