A resident of Philadelphia, Lawrence “Larry” Koresko is the president of Insmax Insurance Brokerage. Lawrence Koresko maintains membership in the National Association of Independent Life Brokerage Agencies and the Association for Advanced Life Underwriting.Founded more than 60 years ago, the Association for Advanced Life Underwriting is a Washington, DC-based organization that advocates for the life insurance industry. Members have the opportunity to learn from industry experts at events such as the AALU Annual Meeting.The AALU Annual Meeting serves as a leading forum for networking and professional development. In addition to workshops and presentations, the meeting includes activities such as a walk/run and a night out in DC. Attendees also have the opportunity to take part in visits to congressional representatives to make their voices heard. The 2018 event will be held April 29-May 1 at the Washington Marriott Marquis. For additional information, visit www.aalu.org/annualmeeting.
In his role as the president of Insmax Insurance Brokerage, Philadelphia resident and business consultant Lawrence “Larry” Koresko works professionally with a wide range of insurance carriers and financial professionals. Outside of his professional work, Lawrence Koresko enjoys travel and his favorite food: spaghetti and meat sauce.One of the more traditional meat sauces found today is Bolognese, an Italian sauce that originated in the Bologna region. A variety of recipes exist for the sauce that include ingredients such as celery, carrots, tomatoes, and onions. However, meat is the main ingredient in Bolognese. The sauce can be made with beef, pork, bacon, pancetta, or any combination of meats, and this causes it to differ in flavor that other tomato-based sauces. This difference is due in part to the presence of other simmering liquids such as milk or some form of dairy, cooking wine, and stock. However, Bolognese also incorporates fewer tomato products and features a larger proportion of meat compared to other sauces. Instead of a light, acidic flavor found in tomato-based sauces such as marinara, Bolognese has a very rich and complex flavor profile.
For more than three years, Lawrence “Larry” Koresko has served as the president of Insmax Insurance Brokerage, Inc., based near Philadelphia, Pennsylvania. In his role, he focuses his efforts on guiding the company’s overall growth strategy. Apart from his everyday professional duties, Lawrence Koresko maintains membership in the National Association of Independent Life Brokerage Agencies (NAILBA).Registration is currently open for the 36th annual NAILBA conference, which will be held in Hollywood, Florida, at the Diplomat Beach Resort and Spa on November 16-18, 2017. NAILBA members should have already received an email containing discount information and registration instructions. As per usual, every agency that holds a membership gets one free registration per agency. To receive the discounted room rate, attendees should call the hotel directly at (954) 602-6000 and indicate they will be staying for the NAILBA conference. The hotel reservation deadline is October 19, 2017. For more information about the event or how to register, call the NAILBA office at (703) 383-3081.
A former partner with Koresko Financial, Lawrence “Larry” Koresko now serves as the president of INSMAX Insurance Brokerage, Inc., from his headquarters in Philadelphia. Beyond this, Lawrence Koresko retains membership to the National Association of Independent Life Brokerage Agencies (NAILBA), a leading insurance agency organization.NAILBA created its Agency Successor Networking Group (ASNG) in 2011 to provide leadership and skills training to those transitioning into roles as the principals of their insurance agencies. To enroll in the ASNG, prospective participants must meet at least two of the following requirements:1. Has served as an agency principal for less than three years.2. Owns a 25 percent stake in an agency and has at least a verbal promise from the sitting principal that the participant will succeed said principal.3. Has received written or verbal confirmation of succession to an NAILBA agency and will ascend to principal status within five years.4. Received a recommendation and commitment from their agency’s current principal that he or she will succeed said principal within the next five years.
An insurance industry professional with over two decades of experience, Lawrence “Larry” Koresko operates as the president of Philadelphia-based INSMAX Insurance Brokerage, Inc. Away from his work, Lawrence Koresko is a keen motorcyclist. Here are three tips for selecting the right motorcycle helmet:1. Weight: Helmets typically weigh between 1,400 and 1,800 grams. Though a lighter helmet may seem like the most attractive option, the fit is the key decider when choosing a helmet weight. You should look for a helmet that fits in such a way that the weight distributes evenly across your shoulders and head, as even lighter helmets cause strain when fitted poorly.2. Avoid second hand: Though second-hand helmets come with lower price tags, they may also have been involved in previous crashes. Each crash damages the structural integrity of the helmet, meaning a second-hand helmet may offer less protection than needed.3. Minimum standards: The United States Department of Transportation (DOT) has created a minimum safety standard for motorcycle helmets. Avoid any that don’t carry the DOT label.
Headquartered in Philadelphia, Pennsylvania, Lawrence “Larry” Koresko oversees the operations of IN$MAX Insurance Brokerage, Inc. as its president. Further, Lawrence Koresko serves as a member of the Association for Advanced Life Underwriting (AALU), which has served as a leading voice in the life insurance community for over half a century. The AALU focuses its advocacy on the following key areas:1. Life insurance – The AALU advocates for the protection of the current tax regulations surrounding life insurance products to ensure the 75 million American families that rely upon them do not face unexpected costs. 2. Regulation – In the wake of the Dodd-Frank Wall Street Reform and Consumer Protection Act, which changed various aspects of insurance regulation, the AALU works to ensure its members can properly serve their clients under while complying with new regulations.3. Estate and gift tax – The AALU works towards permanent reform in the estate and gift tax sectors with the aim of providing businesses and families with the tools needed to plan for their futures effectively. In particular, it aims to uphold the reuniting of the lifetime exemptions from gift and estate taxes to encourage more effective planning.
Since 2014, Lawrence (“Larry”) Koresko has served as the president of Insmax Insurance Brokerage, Inc. in Philadelphia, Pennsylvania. Lawrence Koresko is a longtime member of the National Association of Independent Life Brokerage Agencies (NAILBA), a professional organization serving the insurance industry. In addition to providing numerous practice benefits for individuals in the insurance sector, NAILBA offers a full range of educational and training opportunities via the NAILBA University program. Designed to support professional development in the brokerage community, NAILBA University offers training modules for business owners, carrier staff members, and independent producers. NAILBA members enjoy substantial discounts on courses at NAILBA University, as well as free educational resources for their agencies.Educational offerings at NAILBA University include the Recruitment Practices Workbook, a detailed working document that includes best practices from agents throughout the brokerage community. Members can also participate in the Agent Training Series, which includes coursework in life insurance products, annuities, and ethical conduct. To learn more about educational programs at NAILBA University, visit www.nailba.org.
Philadelphia-based Lawrence (“Larry”) Koresko serves as the president of Insmax Insurance Brokerage, Inc. In this capacity, Lawrence Koresko offers clients various types of insurance, including term life insurance.Term life insurance refers to a policy that lasts for a predetermined period of time, often lasting 5, 10, 20, or 30 years. If policyholders die during the term, the beneficiaries of the policy receive the value of the policy. However, if policyholders complete the term, there is no payout. Many people choose term life insurance because it is relatively inexpensive compared to permanent or whole life insurance policies. Premiums typically do not change over the course of the term, making it a predictable option for those on a fixed income. Proceeds from term life insurance do not belong to the probate estate, meaning that beneficiaries receive payments immediately. Term life insurance is also an attractive option for younger people seeking low-cost temporary life insurance until their family obligations increase.
Lawrence “Larry” Koresko of Philadelphia leads as president of Insmax Insurance Brokerage. In this role, Lawrence Koresko guides the distribution of annuities and other insurance products.The current financial market presents opportunities for consumers to select among a number of different types of annuities, though all of these fall into a few basic categories. One such category consists of deferred and immediate annuities, the latter of which permits the account holder to start receiving payments not long after he or she makes an initial investment. The deferred annuity, by contrast, allows the investment to accumulate until the account holder chooses to begin withdrawals.Either of these product types may pay out as fixed or variable annuities. A fixed annuity grows based on terms specified in the contract, which typically includes a minimum interest rate. These annuities do not change based on market performance, and it is this factor that distinguishes them from the variable annuity.A variable annuity authorizes the issuer to place the account holder's investment into a particular fund, open only to the issuer's customers. The performance of this investment determines the payout, though the account holder typically has a choice of the specific fund into which the issuer places his or her money.Purchasers of annuities may also be able to select among a number of other options, including lifetime or fixed period annuities. A financial professional or insurance broker can explain a potential purchaser's options and help the customer to determine the most appropriate product for his or her needs.
Lawrence “Larry” Koresko, who graduated from Indiana University of Pennsylvania with a bachelor of arts in economics, has had a long career in insurance. Since 2014, he has served as the president of Insmax Insurance Brokerage in Collegeville, Pennsylvania, near Philadelphia. Lawrence Koresko is also an active member of the National Association of Independent Life Brokerage Agencies (NAILBA).The leading group of health, life, and annuity insurance-distribution professionals in the United States, the NAILBA currently encompasses more than 300 member agencies. In 2015, the organization partnered with the Association for Advanced Life Underwriting (AALU) to combat “regulation creep” in the brokerage industry.Regarded as one of the most effective legislative and advocacy organizations in the insurance field, the AALU spearheads a range of lobbying efforts from its headquarters in Washington, DC. Under the terms of the NAILBA/AALU partnership, the AALU now provides government affairs services and opportunities for political involvement to all NAILBA members. The AALU also agreed to represent the NAILBA in the Secure Family Coalition, a large organization of life insurance agents and companies that cover more than 75 million U.S. families.
Lawrence “Larry” Koresko was most recently partner at Koresko Financial. While there his responsibilities included recruiting and educating new brokers while ensuring the company's growth. A resident of Philadelphia, Lawrence Koresko is currently the president of Insmax Insurance Brokerage, where he focuses on business development and the professional growth of his employees. He is a member of the National Association of Independent Life Brokerage Agencies, also known as NAILBA. NAILBA offers several benefits to its members, including the NAILBA University. Individuals who can benefit from the university include business owners, those working with brokerage channels, and independent producers working with agencies affiliated with NAILBA. Among the school's offerings are various webinars and classes that focus on field underwriting and preventing money laundering, as well as other training series and guides. Members of the university are encouraged to expand their education by taking advantage of discounts and participating in courses and other learning opportunities that are only available to NAILBA members.
