What is a major duty of a life insurance agent?

A major duty of a life insurance agent involves documenting client interactions. This responsibility is crucial for several reasons. Proper documentation ensures that there is a clear record of the discussions held with clients, including their needs, preferences, and the advice given regarding insurance products. This practice not only safeguards the agent by providing a reference in case of future disputes but also helps maintain transparency and trust between the agent and the client.

Good documentation practices contribute to effective communication and demonstrate the agent's diligence in understanding and fulfilling the client’s needs. This also serves as a means to comply with regulatory requirements, as maintaining accurate records is typically mandated in the industry. Additionally, thorough documentation can be indispensable for ongoing client relationships, enabling agents to provide tailored service based on the client's historical interactions and changing insurance needs over time.