Insurance, in law and economics, is a form of risk management primarily used to hedge against the risk of a contingent loss. Insurance is defined as the equitable transfer of the risk of a loss, from one entity to another, in exchange for a premium. An insurer is a company selling the insurance. The insurance rate is a factor used to determine the amount, called the premium, to be charged for a certain amount of insurance coverage. Risk management, the practice of appraising and controlling risk, has evolved as a discrete field of study and practice.
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If you are looking for a life insurance policy which will last for more than a few months you may want to ask your life insurance agent if they have any permanent life insurance policies.
Do you know what a prequalified life insurance lead is? If not, you may want to look into it right away if you are getting into the insurance industry as an agent. Generally speaking, getting a life insurance lead is a good thing.
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