| It is important to remember that most agents
are reputable professionals trained in their areas of expertise.
Insurance agents must take and pass certain
tests to become licensed. Besides the license exams, to maintain
an agent license, all Delaware agents are required to complete
education courses to maintain their license to ensure
professional service to Delaware consumers. These courses can
lead to professional insurance designations such as the
following:
- LUTCF Life Underwriting Training Council Fellow
- CEP Certified Financial Planner
- CEBS Certified Employee Benefits Specialist
- CIC Certified Insurance Counselors
- CLU Chartered Life Underwriter
- RHU Registered Health Underwriter
- ChFC Chartered Financial Consultant
In order to solicit business in a state, an individual must be licensed by the
Insurance Commissioner’s office. To verify an agent’s
licensure status, go to the Department of Insurance’s
websites.
COMPANY
As with any major purchase, it is wise to
shop around to make sure you get the most for your money. Also,
make sure you find the insurance product that best fits your
needs.
When selecting an insurance company, check
the company’s rating. You can find several publications with
ratings for insurance companies in your local library. These
include: A.A. Best, Standard and Poor’s Corp. (S & P),
Weiss Research and Moody’s Investors Service.
These publications rate companies on
elements including: financial data, such as assets and
liabilities; management operations; and the company’s
history. You may also wish to review a company’s stock
analysis reports.
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