omnichannel distribution - Correct Answer A form of distribution that enables personalized sales to customers through multiple, integrated communication channels.
location-selling system - Correct Answer A method for distributing insurance products that is designed to generate customer-initiat...
LOMA 291 Module 2 Lesson 1 With Correct
Answers
omnichannel distribution - Correct Answer A form of distribution that enables personalized sales to
customers through multiple, integrated communication channels.
location-selling system - Correct Answer A method for distributing insurance products that is designed
to generate customer-initiated sales at an office or information kiosk in a store, shopping mall, or other
non-insurance business establishment.
career agent - Correct Answer sells primarily life products for one company
multiple-line exclusive agent - Correct Answer sells life and p & c for one company
D2C (Direct to Consumer) - Correct Answer not face to face
agency operations unit - Correct Answer The unit in an insurance company that supports and services
the insurer's direct sales force.
advanced underwriting - Correct Answer A group of specialists who will assist in preparing proposals,
and will accompany the agent, if requested, to sales presentations on how to use insurance products in a
financial plan or in estate planning.
trail commission - Correct Answer A percentage of an annuity's accumulated value paid periodically,
usually annually, to the financial professional that sold the annuity.
wholesaler - Correct Answer A person whose job it is to promote the insurer's products to
intermediaries and provide them with marketing support.
independent distribution network - Correct Answer An organization that provides services to financial
professionals and also submits business generated by the financial professionals to insurance companies.
Also known as a brokerage general agent (BGA) or independent marketing organization (IMO).
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