Law Insurance Broker Agents |
Analysis |
Insurance Company Agents |
Are required to pass a
state administered test to guarantee their expertise
in the insurance field. |
Expertise |
Only need to pass the guidelines
of the Life Insurance Association of the Republic of
China. |
In '92 at Law Insurance
Broker the average annual insurance fees paid 67,960
NT and were covered for an average of 1,740,000 NT. |
Policy Value |
In '92 in Taiwan the average
annual insurance fees paid was 67,960 NT and were covered
for an average of 520,000 NT. |
Law Insurance broker is
not bound by any individual insurance company. It employs
legal expertise to fight for the rights of its policyholders. |
Compensation |
The insurance company has
a conflict of interest when it comes time to pay its
policyholders. |
Law Insurance Broker far
exceeds the compensation because of the various choices
and combinations we can create from the different products
of different insurance companies. |
Coverage Structure |
Bound by a rigid, compensation
structure, the policyholder is left in a more unfavorable
position to claim his due compensation. |
Law Insurance Broker policyholders
enjoy the protection and leverage the lawyers employed
by the company bring. |
Leverage |
It is difficult for a single
agent of the insurance company to leverage his power
against his entire company. |
A flexible payment plan
to suit all the clients insurance needs. We are able
to mix and match the best policies from different insurance
companies to create more dynamic personalized products
for our policyholders. |
Flexibility |
Only allowed to sell the
products of its own company making it more difficult
to find a plan which fits perfectly with the clients
needs. |
If our sales people misrepresent
us or our products, we have purchased property insurance
to cover for reparations to be paid if we are found
legally liable. |
Agent Credibility Protection |
If their agents misrepresent
their products or company in anyway, the client is
the one who pays the price. |
