Happy New Year! We trust you are doing well!
We are looking forward to another year of helping financial planner's and their clients with their insurance needs.
A few of our wins in 2024:
- Carmen joining the team
- Launching Property and Casualty
- Banner year protecting families and new financial planner relationships
Life / Disability / LTC / Annuity Updates
The industry continues to adapt to changing consumer demands. Younger
generations are showing increased interest in simplified underwriting processes,
with many opting for no-medical-exam term life policies that offer quick
approvals and transparent pricing. Digital tools and self-service platforms have
become industry norms, allowing for more personalized and accessible purchasing experiences.
However, pricing for life insurance is tightening in some segments. Factors such
as inflation, longer life expectancy trends, and rising healthcare costs have
made coverage slightly more expensive, especially for older individuals or those
with pre-existing health conditions.
Property and Casualty Updates
Have you reviewed your own Errors and Omissions policy recently?
Get a quote through BC!
We are helping all professions (Financial Planners included) with their E+O / Professional Liability!
Update on Personal Lines:
The personal lines P+C insurance market is facing challenges as many carriers
actively work to reduce their exposure. This has led to less competitive pricing
across the board, particularly for homeowners and auto insurance. With
increased claims frequency, inflation-driven repair costs, and evolving risk
factors like severe weather, many insurers are tightening their underwriting
criteria or increasing premiums to offset their risk.
If you're exploring options or have questions about your existing policy, let us
help you navigate these challenging times. We're committed to ensuring you
have the right coverage at a price that works for you.
Update on Commercial Lines:
As compared to personal lines, Commercial lines are very competitive, and we highly encourage you to review your client's business insurance needs.
Have a client who needs BOP or General Liability?
Have a client who needs cyber coverage?
Have a client who hasn't shopped out their commercial auto in a while?
We are here to help! BC Brokerage works in all 50 states.
5 Full Years as BC Brokerage,
3 Full Years of Only Fee-Only Podcast
Broc and Peter recently celebrated 5
full years of BC Brokerage and 3 full years of the Only Fee-Only podcast.
Over 5 years, we've helped
thousands of families, 1200+
advisors, and have had over 25,000+ podcast downloads on 115+ podcast episodes!
We look forward to continuing to
serve the Fee-Only community and
their clients.
Schedule a time to get more from your portal!
Planners who use the portal are able to see policy updates, attachments, and completed files, add new team members, and become more efficient!
BC is here to help!
Let us know how BC Brokerage can help you thrive in 2025!
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