A new iPhone application seeks to become people’s insurance agent. Released by a North Hollywood, Calif., company, LifeInsuanceAgency.com, the new app offers life, health and property-casualty insurance quotes.
As a direct result of the Patient Protection and Affordable Care Act (PPACA) – also known as ObamaCare – health insurance agent and broker commissions have been slashed by as much as 50%. Agencies have been forced to lay off employees, limit products and services, shift to other lines, and have seen significant drops in compensation.