Life Insurance Agent Licensed in Wyoming

Written on November 7, 2009 – 6:27 pm | by Admin

It’s official. I’m now a licensed life insurance agent in Wyoming. I believe that makes 9 or 10 states total. I do the majority of my life insurance and annuity business in California, but have also done several deals in Arkansas, Georgia, Arizona, and Colorado. I had a client call me from Colorado looking to purchase life insurance on her mother in Parkman, WY, which I understand is near Sheridan, WY. This is why I had to get my non resident license in Wyoming.

Parkman itself is a tiny town in the hills, so it will be interesting to see how far the medical examiner has to travel to get to the proposed insured’s house. I wonder if the closest examiner might live in Billings, MT. Please note that even if you live in a state where I am not licensed, I can help you with your life insurance needs. What I do is take the application over the phone and mail it to you. While it’s in transit, I get a non resident license. By the time you receive the application, review it to make sure nothing has changed, and sign and date, I’m already licensed in your state.

This was an interesting case. My client in Parkman, Wy, is a 69 year old female. She had a pulmonary embolism in her lung about 10 years ago for which she received anti-coagulating injections and cumadin. No problems since. She also takes medication for obsessive compulsive disorder. I called around to several underwriters and everyone said she could be considered for standard non tobacco.

I loved dealing with the daughter in Denver, Co. She will be paying the life insurance premiums. She got a quote from a local agent, who quoted her $3700 annually through Allianz for an adjustable premium universal life insurance policy. Allianz is wonderful and I’ve sold several annuities through them, but they don’t always have the lowest universal life pricing on the market. In this particular case, my client was not interested in building up any cash value. I was able to quote her $238 monthly (works out to $2856 annually) and save her 23% off of the Allianz quote. It’s through Aviva, their Advantage Builder Series II product, which is a no frills, guaranteed universal life contract with a no lapse guarantee.

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