OurCommunityPower.org > Insurance Forum | Debt Forum | Mortgage Forum | Credit Forum
Insurance Community
 
Hi! I am your Insurance Assistant. If you do not get the required information on this page, use me so that I can help you reach the right page.
Let me help you out: 

Whats wrong in having relatives as ur agent?

 
Author Message
Add to del.icio.us
Add to YahooMyWeb
Add to Simpy
Add to BlinkList
Mallik
New member




Joined: 05 Jun 2008

Posts: 1

Mallik's Home Page



1.64 Dollars($)

PostPosted: Thu Jun 05, 2008 12:58 pm   Post subject: Whats wrong in having relatives as ur agent?  

Isn't it safer and more secured to get an insurance done from a relative?? I dont agree with this person talkin abt the relative cyndrome...in this article.
http://wealth.moneycontrol.com/authorarticle.php?id=6395
image
Sign Up We take your privacy very seriously.

*Full Name
*User Name
*Email ID
*Password
Read and agreed to abide by the AmPm Forum Rules.
Why should you join AmPmInsure?  Participate and earn
 Share your knowledge
 Enjoy the community feeling
 Win monthly rewards
 Meet industry professionals
Lori
Moderator
Lori



Joined: 10 Sep 2007

Posts: 4000
Highets Points
Lori's Home Page
Location: Missouri


273.37 Dollars($)

PostPosted: Thu Jun 05, 2008 11:16 pm   Post subject:   

They said
Quote:
Unless, of course, they have a solid business painstakingly built over time
and I'd have to agree with that...I've seen too many 'fly by night' agents...family or not, I want some history in that agency before I trust 'em...family or not!
_________________
Have you been helped by a poster? Do you want to show your appreciation? YOU CAN !! Just simply click on the donate button and send them some coin!
image
Claude_vantrap
Guest












1.00 Dollars($)

PostPosted: Sat Jun 07, 2008 6:38 am   Post subject:   

Quote:
I dont agree with this person talkin abt the relative cyndrome

Neither every relative is same..nor our understanding of mindsets or intentions..would you agree with that?

If your relative is not someone with a view to future..or in some way is not transparent...then whats the use of getting around him? Claude_vantrap

_________________
Register Now to have your Insurance queries solved.
image
Plasmahectic
Guest












1.00 Dollars($)

PostPosted: Sat Jun 07, 2008 6:42 am   Post subject:   

Hi Mallik,

I've seen on more than one occasions how difficult it is to maintain professionalism between kins!
If you have experienced each other's company in more than one ways & are sure of gaining out of it, then only go ahead. Let your insight guide you..

_________________
Register Now to have your Insurance queries solved.
image
lisar1208
Preferred member




Joined: 29 Mar 2008

Posts: 116

lisar1208's Home Page



24.51 Dollars($)

PostPosted: Sat Jun 07, 2008 1:21 pm   Post subject:   

I think it depends on your relationship also and what type of insurance they have with you.
If you are giving everyone the same best service then your relatives should be receive that treatment too.
My relatives prefer to have insurance with me cause they feel more confident. I have not been in the business long (1 year) and I have been very surprised how clients agents do not have a personal relationship with them.
image
beatuplunchbox
Preferred member
beatuplunchbox



Joined: 26 Apr 2008

Posts: 140

beatuplunchbox's Home Page



13.47 Dollars($)

PostPosted: Sun Jun 08, 2008 4:13 pm   Post subject:   

I would base my decision to buy a policy from a family member more on how long they have been an insurance agent. During my career as a health insurance agent I have seen too many new agents get started by writing policies to their friends and family only to quit after those run out.

I think some agencies see new agents primarily as annother marketing tool to reach their friends and family.

On the other hand you will know how to find a family member if your policy doesnt live up to what they told you...

_________________
Thinking about becoming a health insurance agent or just getting started out as one?

http://newagentsolutions.ampminsure.org

NC Health and Dental plans
http://healthinsurancedirect.wordpress.com/
image
joven222
Senior member




Joined: 12 Jan 2007

Posts: 219

joven222's Home Page



0.16 Dollars($)

PostPosted: Sun Jun 15, 2008 8:07 am   Post subject:   

Actually, when I first started selling life insurance policies, the first people that I approached are may family and friends. The reason for this is simple. Family and friends trust you than other people. So they would likely to buy from me. But if you are the buyer of an insurance from a relative, this would really depends on how you trust that relative of yours. For me there is nothing wrong buying an insurance from a relative as long as it is sold to you in good faith. What I mean of good faith is that, the policy is really made to cater on your needs. We cannot deny the fact that their are agents who sell insurance policies only to earn more money even though the policy does not suit the client.

In general, I would prefer getting an insurance from a relative that you trust. If you have any questions about your policy, you can easily find your relative and you are comfortable asking question to him or her.

_________________
Free Insurance Quotes
image
sdchargersfan
Senior member
sdchargersfan



Joined: 21 Aug 2007

Posts: 435

sdchargersfan's Home Page



6.10 Dollars($)

PostPosted: Sun Jun 15, 2008 3:48 pm   Post subject: insurance  

I don't think it would be a good idea. What if something happened to the relationship, you may have with the relative? Would they NOT 'have your back', because of this? Would they 'misplace' paperwork?
image
joven222
Senior member




Joined: 12 Jan 2007

Posts: 219

joven222's Home Page



0.16 Dollars($)

PostPosted: Sun Jun 15, 2008 5:12 pm   Post subject:   

Quote:
What if something happened to the relationship, you may have with the relative? Would they NOT 'have your back', because of this? Would they 'misplace' paperwork?


I think if you have all the documents at hand, there will be no problem at all. In fact, the insurance policy is given to the owner and does not remain with the agent.

_________________
Free Insurance Quotes
image
Quick Reply
Your Name
Subject
Message body
All times are GMT
Page 1 of 1

 
 
Users Online
Users Online
Leader Board
Highest PointsLori
2fireyone
3tcope
Ask a question

Members
       Login
       Free SignUp
Resource Desk
   Insurance Articles
       Insurance Terms
       Insurance Guide
       US Auto Insurance Laws
       150+ Types of Insurance
       Insurance Calculators
       Discussion Archive
       Members Tracker

In Discussion

       my wifes insuranc...
       Property insuranc...
       do you pay monthl...
       E & O Claim
       How do I go about...
       my car is a wreck...
       Glass
       IS THE TAX BENEFI...
       Can an insurance ...
       I am insured with a

Blogged

       Cape Girardeau City ...
       Hello world!
       State Workers Should...
       Mini-Meds: Limited B...
       Did Health Insurance...
       Health Insurance As ...
       Hello world!
       When Sick Become Exp...
       Missouri Health Insu...
       Does Ohio Require Au...

 
We have chosen to apply the Creative Commons Attribution License to all works we publish.