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 Posted: Fri May 15, 2009 12:21 am Post subject: when did the first independent life insurance agents come ab |
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when did the first independent life insurance agents come about?
I know this is a strange question but believe it or not I need to know...
Thanks
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darnardo
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| Posted: Fri May 15, 2009 7:12 am Post subject: |
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| Quote: | | I know this is a strange question but believe it or not I need to know... |
But I think that I too would be interested in knowing the history of the independent agents.
I think the origin of independent agent can e dated back to the inception of insurance business. Hope some expert would correct me if I'm wrong  |
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simon
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| Posted: Sat May 16, 2009 1:37 am Post subject: |
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darnardo
I just have to know | Quote: | | believe it or not I need to know... |
Why? 
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Lori
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| Posted: Sun May 17, 2009 8:34 am Post subject: |
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| Quote: | | when did the first independent life insurance agents come about? |
Probably the same way the Luthern religion spun off the Catholic religion.
Martin Luther got fed up with Pope BS non-sense and did his own thing.
Please NO HATE mail,...I'm just saying,...NOT wanting to start a thread war on religion,...HOWEVER, It might be fun....
Okay, I'll go first.
What religion is God?
Jesus wasn't a Christian, he was a Jew.
Did Adam and Eve go to church on Sunday?
AND
Did Jesus know the Earth wasn't flat?
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GarySpicuzza
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| Posted: Mon May 18, 2009 1:19 am Post subject: |
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Well after much research on the issue I came up with an answer. Each insurance product originated its own channel. For example agents for annuities originated well before agents for life insurance products. Modern life insurance agents (captive agents) came around in 1870 (w w.iii.org/media/hottopics/insurance/distribution). The first independent agents (PPGAs) came about in 1974 in the US by Allstate.
Did you know the first life insurance products in the US were put on slaves? Although many will argue this was PC insurance and not life insurance. |
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darnardo1
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| Posted: Mon May 18, 2009 5:41 am Post subject: |
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| Quote: | | For example agents for annuities originated well before agents for life insurance products. |
True.
The concept of annuities is an old one and was in existence in the Roman Empire, when citizens could make a one-time payment and be guaranteed a lifetime yearly income.
Source link.
| Quote: | History & Concepts:
The basic history and concept of annuities goes back a very long time; back to the year 47 BC and the Roman Empire. They were the inventors of annuity plans and the first society to implement the concept. The average life expectancy in those days was a young and tender age-27, meaning 50% of people lived longer and 50% shorter. The main occupation of young men who were part of the Roman Empire was soldiering as the Romans were the great conquerors of the time and ruled most of the known world of that period. Keep in mind it was a very different world back then. One that we have a hard time imagining today as their were Kings and Queens that were sometimes only 14-years old and people married and started having children at a much younger age than we are accustomed to today. |
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GarySpicuzza
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| Posted: Mon May 18, 2009 10:20 am Post subject: |
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| Okay Darnardo, the way independent agents have become a part of the insurance business that we never speared a thought when and how they originated. We actually believed that they were there since the beginning of the insurance business. I must thank you for doing such a research and also thanks for sharing the information with us. |
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simon
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| Posted: Tue May 19, 2009 5:19 am Post subject: |
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Gary,
Did you actually read that it was "Roman Citizens" or did you assume that?
The reason I'm asking is that I had read some time ago that it was the soldiers that got the annuities. Now, from that I assumed it was the soldiers and only the soldiers that had access to this.
I do know that's how the wife of a soldier continued to get money. I think it was used as an enticement for men to join the Roman Army.
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| Posted: Sun Jun 26, 2011 9:42 pm Post subject: charlottesville dog training |
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No tomes en la cabeza!
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neapintuino
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| Posted: Wed Jul 06, 2011 8:12 am Post subject: choke dog training collars |
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Que palabras adecuadas... Fenomenal, la idea brillante
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Paincildida
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| Posted: Mon Aug 01, 2011 4:38 pm Post subject: Global Diversity Management |
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What words... super, a remarkable idea
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hoiproruh
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| Posted: Sat Mar 31, 2012 8:13 am Post subject: TVWtOJQlgNVIXZKgqR |
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All you have to do is go to your college. You can get tieher a diploma or a degree, but a degree will better help you to achieve this. I am a travel agent and I graduated in December with my degree. It takes about 2 years, depending on how much time you put into it and how many classes you take. If you want to, you can try to do it between 6 months and a year if you can, but it will be very hard. It will cost you about $10,000 for everything, tuition, books, classes everything. Apply for scholarships, especially if you had great grades in high school. I kept a 4.0 GPA throughout my academic history, and scholarships and grants got me through college and whatever was left over was like a gift, to do as you wish with. I must have gotten refunds of up to $3000 in that first year. It's easy, just apply for Financial Aid. Good luck and I wish you well. You can do it. If I was able to, you most certainly can.
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