facebookIs it possible that two insurance agent service each other's policies and save on commission money? - Seedly

Advertisement

Anonymous

22 Jul 2020

Insurance

Is it possible that two insurance agent service each other's policies and save on commission money?

Is it possible that two insurance agent service each other's policies and save on commission money?

Discussion (3)

What are your thoughts?

Learn how to style your text

Loh Tat Tian

22 Jul 2020

Founder at PolicyWoke (We Buy Insurance Policies)

Yes it is possible as long as they are not the same insurer.

If its your insurer, you will need to buy it yourself.

Better for another agent to do the claims because if you are tied with your own issues, you may not be able to claim.

Elijah Lee

21 Jul 2020

Senior Financial Services Manager at Phillip Securities (Jurong East)

Hi anon,

Yes. I'm servicing my own policies, since there's no one that better knows what I need other than myself.

But ultimately, in cases such as CI or hospitalization, I'll always want a next of kin to know what I have, so that claims can be made. If I'm incapacitated, at least there is still a hotline to call for assistance.

Hello,

Yes, that could very well be possible. You may be more interested to know that a insurance a...

Write your thoughts

Advertisement