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6 answers

I really think it's a matter of personal preference. There is more MONEY, in general, in the life/accident/health sector. However, I'd be BORED to tears there. Sure, got the license, but I LOVE LOVE LOVE property casualty. It's fun, and very challenging at times - you have more opportunity to be extremely creative in your solutions, as you can piecemeal coverages together, depending on the account.

PS, personal lines property casualty is boring. I'm talking mid to large commercial, for the interesting, fun stuff.

So that's MY opinion.

2007-03-16 00:53:04 · answer #1 · answered by Anonymous 7 · 1 2

Well and obviously you can do the whole deal and write all lines of business, which is what I do...but my focus is more on commercial property & casualty and then I'll feed off of that and sell some group health and individual products.

P&C is more challenging from a coverage standpoint, specifically commercial, a lot of different needs to fulfill and a lot of different ways to meet your clients needs. I would say the P&C side of the business is more service driven whereas the Life & Health side of the business is more sales driven from an agent's standpoint. Commisions for L&H tend to be more front-loaded, meaning you get most of the commission up front, so once you make a sale you move on to the next. In P&C you serve the client throughout the policy period and the commission remains relatively the same from year to year as you continue to work with the client.

Obviously success has been found on both sides of the business so it's tough to say which is best...

2007-03-16 05:37:22 · answer #2 · answered by Matt1331 2 · 1 0

Personally I like property and casualty better. There is more money in life and health. I think there is more competition from other agents on the life and health side. Most policies on the life insurance side pay a one time commission to the agent. Health insurance is the exception. Property and casualty policies renew each year and provide commission to the agent each year it is renewed. Health insurance customers tend to buy mostly on price and often shop their policies.

It is a matter of personal preference. I have friends that love life and health and won't touch property and casualty. I am the opposite. I deal with both personal and commmercial accounts. Personal lines is okay and usually just pays your expenses. Commercial lines is more time consuming but provides much more profit. Plus with commercial you are dealing with all types of different clients (restaurants, contractors, manufacturers, retail, etc).

2007-03-16 04:20:12 · answer #3 · answered by Paul K 1 · 1 0

Life/health pay higher commissions than property and casualty. Property and casualty includes automobile coverage as well as homeowners/renter's insurance. The difference in pay between a $400 year homeowner's premium versus a life policy premium of $100 month is significant. Especially if it's a whole life policy.

The biggest problem with a life policy is if the client cancels before the first year, in which case an agent may be required to pay back to the company.

2007-03-15 23:33:17 · answer #4 · answered by Venita Peyton 6 · 1 0

It really depends on you. I am licensed for everything but enjoy working with property/casualty. I have a good friend who hates P&C and works strictly with life/health. You will probably need to try both and see what your best fit is.

2007-03-16 02:41:30 · answer #5 · answered by blb 5 · 1 0

Life, health and accident ins. would be the best way to go.
Why? Because there are more people concerned with that, than there are people who own property. Folks who own property are required thru the lender to have property ins. so you would be going after the wrong customers. Go figure the stats. Best wishes

2007-03-15 18:57:30 · answer #6 · answered by tylernmi 4 · 1 1

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