There has been a growing trend to send checkbooks instead. Most insurers are now putting proceeds in interest bearing accounts with check-writing privileges. While there may be some truth to both criticisms, it sure seems like a convenient way to hold onto the money until a longer-term decision is made. Makes a lot of sense for State Farm to give its nationwide network of 16,000 agents yet another product line to sell to their customers, many of whom have long-standing relationships with their State Farm agents. Not only are live broadcast available, but so are prerecorded presentations.
Producers use a shortened application that excludes medical questions.
The company then follows-up with the client via telephone to ask the medical questions. The procedure saves advisors time and usually results in more complete medical backgrounds. A report by Senate investigators concluded that most day traders lose money, sometimes tens of thousands of dollars, and many don't know beforehand how risky day trading is. They make money whether their customers do or not. Top honors for financial professional sites go to American Skandia and John Hancock, which tied for first place.