BGAs and Insurance Professionals are Busy Serving Advisors and their Clients Virtually
March 25, 2020 by Tiffany Markarian
In this unprecedented climate with COVID-19 and market and economic downturns, clients are more focused than ever on their long-term security and protection. Financial advisors and wealth professionals are emphasizing risk management solutions to help complete their comprehensive planning and fiduciary role with clients. Amidst these turbulent times, BGAs and insurance professionals are busy serving clients’ needs with virtual underwriting and coverage solutions.
We should always be thinking about clients’ foundational and critical insurance needs in general; yet, it truly comes to light during times of a health crisis or market volatility.
Brokerage General Agencies (BGAs), insurance professionals and carriers serve an important role in these turbulent times. With Coronavirus specifically, clients are concerned about their livelihood and protecting their loved ones with life insurance, disability and critical care coverage. They are realizing the threat of an extended period of care or loss of income. It goes without saying the anxiety that comes with unknown volatility.
The challenge of serving and securing coverage for clients in a self-quarantined and social distancing environment has already been met and the insurance industry has long been prepared with solutions.