- Present Situation
- Vision
- Mission Statement
- Code of Ethics
- Services
- Illustration Support
- Case Design
- Case Submission and Tracking
- New Business and Underwriting
- In-Force Business
- Licensing and Contracting
- Compliance
- General Agent Compensation
- Education and Training
- Access To Information
- Management & Support Team
Present Situation
Texins Solutions, Ltd, was formed in 2004. Our company can be described as an independent Distributor Service Organization specializing in wealth transfer and executive benefits utilizing fixed life insurance products. Our key strengths are in-depth industry knowledge, long-standing established relationships with product manufacturers and top producing General Agents, ability to establish and grow new relationships, strong management and support team, exemplary customer service, creative marketing strategies, and a strong network of tax and legal advisors.
back to topVision
TexIns Solutions, Ltd. will be a highly visible company known as the best Distributor Service Organization (DSO) in the Region. We will create a highly enjoyable work environment in which we choose our business relationships. A maximum of 50 profile independent General Agents will affiliate with us based on the quality of services, products, and overall value we provide. Major product manufacturers will offer proprietary products and enhanced incentives to become known as a "core" carrier for our company.
back to topMission Statement
In order to achieve our Vision, TexIns Solutions, Ltd. commits to the following:
TexIns Solutions, Ltd.'s Mission is to develop profitable, long-term relationships with profile General Agents who specialize in Life Insurance. We will do this (1) by providing value-added services and support that will have a positive impact on their individual agency's profitability and (2) by delivering innovative design and product solutions that meet their clients' needs. As a Distributor Service Organization, we are committed to exhibiting visible benefits that differentiate us from our competitors within the Wealth Transfer and Executive Benefits markets and will become the standard by which current and prospective affiliates measure value-added benefits. Further, we will develop relationships with three Life Insurance companies (product manufacturers) that will be designated "core"carriers. These core carriers will provide enhanced incentives and, in some cases, proprietary products that will allow our company to establish and maintain an additional competitive advantage within our markets.
In carrying out our day-to-day business, we strive to:
- Treat our employees with respect, consideration, and fairness. They are the keys to our success.
- Follow the philosophy that our clients are always number one, and they deserve our best efforts in all matters.
- Be considered the leader among our peers, associates, and competition.
- Always deliver on our commitments
- Continually execute our plan with effectiveness and efficiency.
- Deliver a win/win/win value proposition to the stakeholders defined as core carriers, producers, and employees.
Core Carriers | Producers | Employees |
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In return for our commitments to the stakeholders, our expectations are that:
- The core carriers will continually provide state-of-the-art products and fairness in their dealings with us.
- The producers will remain loyal to TexIns Solutions, Ltd. and fully commit to maintaining the standards of excellence required to be associated with our company.
- The employees will be diligent in performing their duties and continually contribute added value to our company.
Code of Ethics
>Integrity and ethics either exist in each individual or they do not. They must be upheld by individuals or they are not upheld. For integrity and ethics to be characteristics of our company, we must strive to be:
- Honest and trustworthy in all our relationships.
- Reliable in carrying out assignments and responsibilities.
- Truthful and accurate in what we say and write.
- Cooperative and constructive in all work.
- Fair and considerate in our treatment of fellow employees, clients, and all other people.
- Law abiding in all our activities.
- Committed to accomplishing all tasks in a superior way.
- Economical in using company resources.
- Dedicated in serving our company and in improving the quality of life in our community and the world in which we live.
Services
Because marketing is a large expense and is where most of our effort is applied, focus on our clients is a very important criterion. The idea is to keep our client relationships forever vibrant by continually offering them the highest quality value-added services in addition to the quality product choices cited above.
back to topIllustration Support
TexIns Solutions, LTD. will offer turn-key assistance to our General Agents in preparing insurance illustrations, comparisons, and funding alternatives.
back to topCase Design
One of the most important services we render to our clients is that of assistance in case design. Due to the varying needs of the end consumers (most often business executives and other high net worth individuals), our direct clients (the General Agents) need to address many complicated issues including the most appropriate product and concept, legal issues, and tax issues. It is critical to insure that the decisions made in light of these important issues are in the best interests of the end consumer, the General Agent, and our company. Our experience and expertise expedite the decision making process through thorough analysis of the issues on a case-by-case basis, developing alternative solutions for consideration, and making prudent recommendations for implementation. Proprietary and third party software packages are utilized as needed to customize client presentations that marry the planning solution to the product solution and result in a cogent recommendation.
back to topCase Submission and Tracking
After purchase decisions have been made and applications for the appropriate products are submitted, our company tracks the progress of the applications in order to address any concerns that might delay issuance of the final contracts.
back to topNew Business and Underwriting
Underwriting is part art and part science. Thorough knowledge of medical requirements, impairments, and reinsurance markets are critical to successfully obtaining competitive underwriting offers. Jumbo cases require special know-how and relationships to manage the process. Our company has tremendous expertise and long-standing relationships that allow us to consistently deliver exceptional results in this area.
back to topIn-Force Business
Insurance contracts that are currently still active are referred to as in-force business. Annual reviews of in-force business on a case-by-case basis are important, particularly for variable products. Our company assists each General Agent by periodically reviewing/analyzing the Agent�s book of business. This review/analysis can help identify products that are under-performing original projections and/or changes in the policyholder�s needs that should be addressed by the Agent, thus creating more "selling" time and saving excessive "administrative" time for the Agent.
back to topLicensing and Contracting
Our administrative staff has a total of 20 plus years in licensing and contracting and will assist the General Agents in licensing new agents for their respective agencies. Because of our close working relationship with each of the insurance companies, we can expedite the licensing process through the requested insurance companies. The insurance companies then license the agents through the requested State Insurance Commissions. We also assist the General Agents by knowing the transfer rules for each of the companies we do business with.
back to topCompliance
Again because of our close working relationship with the legal departments of the insurance companies with which we do business, we can assist the General Agents in ensuring the sales and other materials used are in complete compliance. By knowing the requirements and peculiarities of each compliance department, we can make suggestions to the Agents that will help expedite the approval process.
back to topGeneral Agent Compensation
Compensation offered to General Agents will be the best General Agent contract available on the street. It will cost our producers nothing to be affiliated with us. In addition, we will assist producers in the area of commission tracking and statement reconciliation to ensure that proper compensation is paid in every instance.
back to topEducation and Training
Our company is dedicated to the proposition that continuing education and training is a vital component of the success of any business. Our company will be successful to the extent that each individual (company employee or business associate) has the necessary skills, knowledge, and abilities and the desire to grow and improve their own competencies. We will develop and deliver appropriate training modules including technical skills enhancement, product and concept knowledge, and interpersonal skills. These education and training opportunities will be made available to our employees as well as the General Agents and their employees/associates.
back to topAccess To Information
TexIns Solutions, Ltd. will provide the General Agent with access to up-to-date information relating to case status, insurance carrier product software / forms / requirements, underwriting status, licensing and appointment information, rates/requirements/bulletins for carriers/IRS/other agencies, quarterly and YTD production numbers.
back to topManagement & Support Team
Our Management & Support Team consists of ten people whose combined industry experience consists of 90+ years of marketing, 20+ years of corporate planning, 35+ years of administrative support, and 30+ years of underwriting.
Christopher N. Baker
Managing Partner
Responsiblities: Develops and maintains the Vision of the company. Oversees marketing, strategic alliance development, product development, finance, and client services. Approves all financial obligations. Seeks business opportunities and strategic alliances with other companies and organizations. Plans, develops, and establishes policies and objectives of the company in accordance with the company charter and advise from the advisory board and management team. Directs and coordinates financial programs to provide adequate funding for new or continuing operations in order to maximize return on investments and increase productivity.
Kimberly Stout
Marketing Consultant
Responsiblities:Assists the President, Sales Vice Presidents, and General Agents in developing appropriate sales strategies, case design, and supporting documentation on a case-by-case basis. Prepares advanced insurance illustrations as requested. Reviews and analyzes in-force product ledgers to identify additional sales opportunities for General Agents; prepares, compiles, and communicates findings to the appropriate General Agents. Conducts training sessions on Advanced Market Concepts as requested. Maintains relationships with General Agents through regular communications and by offering assistance on administrative issues that arise.
Kelly Rhodes
Administration Consultant
Responsiblities:Assists the Management & Support Team and General Agents on all administrative issues including case submission and tracking, new business, and licensing and contracting. Assists the Vice President -Operations in the daily record keeping of income and expenses and the overall business operations utilizing the appropriate Management software.
Gina Coleman
Administrative Consultant
Responsiblities:Assists the Management & Support Team and General Agents on all administrative issues including case submission and tracking, new business, and licensing and contracting. Assists the Vice President -Operations in the daily record keeping of income and expenses and the overall business operations utilizing the appropriate Management software.
Jack Cotlar, MD
Medical Director
Carter Davis, Jr., CLU CHFC
Advanced Marketing Consultant
Responsiblities:Assists the General Agents in developing appropriate sales strategies, case design, and supporting documentation on a case-by-case basis. Prepares advanced insurance illustrations as requested. Develops insurance and/or financial product comparisons. Develops sales literature/materials as needed and works with various compliance departments to ensure all compliance requirements are met. Reviews and analyzes in-force product ledgers to identify additional sales opportunities for General Agents; prepares, compiles, and communicates findings to the appropriate General Agents. Conducts training sessions on Advanced Market Concepts as requested.
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