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Life Health > Life Insurance

Chubb: Planners Also Review P-C Coverage

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Financial planners often make some effort to protect clients against property-casualty and liability losses as well as against threats to life and health.

Although only 9% of 102 financial planners surveyed by Chubb Group of Insurance Companies, Warren, N.J., said they have property-casualty agent licenses, compared with 34% who said they have life insurance agent licenses, 57% said they try to evaluate clients’ property-casualty insurance protection. More than 70% said they try to evaluate clients’ liability insurance.

But the planners surveyed estimated they get only 3% of their revenue from selling property-casualty insurance risk-management services.

The planners said they get 49% of their revenue from investment planning, 16% from retirement planning, 12% from life insurance, 10% from estate planning and 7.5% from tax planning.


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