Lawrence Koresko Tumblr Blog

Since 2014, Larry Koresko has served as the president of INSMAX Insurance Brokerage, Inc., in Collegeville, Pennsylvania. He oversees staff training and business development for the wholesale brokerage, which provides such services as application processing, product marketing, and broker education to help insurance carriers distribute their products. In his work with insurance agents, accountants, and other industry professionals, Larry assists with the development of solutions to help them maximize business and meet the needs of their clients. For high-net-worth individuals and companies, he assists with estate and business insurance planning. Previously, he spent more than 12 years as a partner in a general agency that brokered life insurance, annuity, and long-term care products. A proponent of continuing professional education, he has delivered lectures on various subjects at workshops for insurance brokers, Certified Financial Planners, and Certified Public Accountants. He also takes part in a monthly financial-planning and problem-resolution seminar with fellow business owners and maintains membership in both the National Association of Independent Life Brokerage Agencies and the Association for Advanced Life Underwriting. Lawrence M. Koresko earned a BA in economics with an emphasis in finance from Indiana University of Pennsylvania. An avid motorcycle enthusiast, and has taken road trips across many of the nation’s states.

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NAILBA Announces New Media Platform

As president of Insmax Insurance Brokerage in Philadelphia, Lawrence "Larry" Koresko is responsible for a range of duties, such as business development and client education. Outside of his work at the Philadelphia company, Lawrence Koresko holds membership in several professional organizations, such as the National Association of Independent Life Brokerage Agencies (NAILBA). As one of the leading organizations advocating on behalf of brokerages, NAILBA has continued to offer more tools to its members, recently unveiling the ID Media Network. Claiming to be the first-of-its-kind in the industry, the media platform includes nine distinct channels, with these ranging from on-demand videos and events to regular newsletters and publications.  NAILBA also notes that the network’s video content will focus on trends and challenges in the industry, alongside interviews with experienced professionals. Pam Sheehan, who serves as the senior director of the network, stated that having such a network is imperative, especially with there being a reduction in trusted third-party resources in recent years.

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New SECURE Act Revamps Retirement Planning for Most Americans

As the president of INSMAX Insurance Brokerage in Collegeville, Pennsylvania, Lawrence (Larry) Koresko sells policies from many insurance providers. A Philadelphia resident, Lawrence Koresko is a member of the Association for Advanced Life Underwriting (AALU), an advocacy group for financial professionals. In April 2019, AALU members lobbied Congress for passage of the SECURE Act, which was recently signed into law by President Trump. The bill’s title stands for Setting Every Community Up for Retirement Enhancement and updates options for retirement plans. Here are its key features: - Annuities for 401(k) plans. Annuities provide regular payments from accumulated funds. Previously, employers had to ensure they were appropriate employee investments - now that responsibility falls to the insurers offering the annuities. Employees should consult a financial planner for risks and expenses before investing in an annuity. - Raising the age for individual retirement account (IRA) distributions. Previously, holders of IRAs and 401(k)s had to begin withdrawing a minimum amount at age 70 and a half. That age is now 72. This may affect which tax bracket you are in at that time. However, the earlier target date still applies to persons who turn 70 and a half in 2019. - The elimination of stretch IRAs. Previous legislation allowed persons who inherited IRAs from non-married individuals to enjoy lifetime deferral of taxes for these funds, allowing the transfer of wealth across generations. Now beneficiaries must withdraw all funds from these “stretch IRAs” within 10 years of the death of the person who originated the IRA. - Employers can more easily create retirement plan groups. Before, small businesses could not pool resources for a retirement plan if one company did not qualify. That so-called bad apple rule has been eliminated. Additionally, businesses no longer need to belong to the same industry and can include long-term part-time workers. - Auto-enrollment. Employers will receive a tax credit to offset the costs of creating a plan if all qualified employees are automatically enrolled in it. Economists say this has already boosted worker savings in states which allowed it before the new law was signed.

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About the 2019 NAILBA Annual Meeting

An experienced insurance broker, Lawrence "Larry" Koresko has served as president of the Insmax Insurance Brokerage in the Philadelphia suburb of Collegeville, Pennsylvania, for the past six years. To inform his professional endeavors, Lawrence Koresko also holds active membership in the National Association of Independent Life Brokerage Agencies (NAILBA). Representing brokers and brokerages that provide a broad variety of financial and retirement security products, NAILBA hosts an Annual Meeting that attracts more independent life brokerage agencies than any other event. The 2019 NAILBA Annual Meeting (NAILBA 38) took place from November 7 to November 9 at the Gaylord Texan Resort/Convention Center in Dallas, Texas. NAILBA 38 featured workshops on subjects that range from the life insurance combination product market to the effect of evolving labor and employment laws on brokerage general agents. The event welcomed keynote speakers that included director of the University of Maryland Social Intelligence Lab Jennifer Golbeck and former White House chief of staff, secretary of homeland security, and US Army General John Kelly.

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NAILBA University Offers Education and Training

President of Insmax Insurance Brokerage, Inc., Lawrence (Larry) Koresko has extensive experience meeting business planning and insurance needs in the Philadelphia area. A noted speaker at continuing education seminars, Lawrence Koresko belongs to professional organizations such as the National Association of Independent Life Brokerage Agencies (NAILBA). With decades of experience advocating on behalf of brokerages and independent brokers, NAILBA supports those providing financial and retirement products, ranging from annuities to life insurance. In order to further strengthen professionals in the industry, the organization offers education and training through NAILBA University. NAILBA University's programs include an Attending Physician Statement Summary Course, the Brokerage Desk Reference, and the Recruitment Practices Workbook. Through a partnership with the Life Office Management Association, the institution also features online continuing education courses for agents. NAILBA members receive sizable discounts for these educational programs, as well as access to free resources available online. For more information, visit the organization's website at nailba.org.

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The Hard Trek of the Shackleton Antarctic Expedition of 1914-1916

Lawrence (Larry) Koresko operates a wholesale brokerage consultancy, Insmax Insurance Brokerage, near Philadelphia. When he is not working with clients, Lawrence Koresko enjoys reading about adventures such as the arduous boat journey of the Shackleton expedition across the Antarctic ice pack. Anglo-Irish explorer Ernest Shackleton had made two previous trips to the Antarctic, in 1901 and 1908. His experience spurred him to attempt a 1914 crossing of the entire continent via the South Pole, even though Roald Amundsen had reached the pole in 1911. Shackleton’s ship, the Endurance, was crushed by drifting ice after landing and sank in November 1915, stranding 28 men and their supplies with no means of escape. Shackleton led 11 of the men through blizzards and subzero temperatures to Elephant Island in the South Shetland Islands, still beyond all possible contact. After resting, Shackleton set off with five others in the lifeboat James Caird toward a whaling station at South Georgia Island, 800 miles away and through some of the earth’s worst seas. The journey was horrific. The exhausted crew had to move boulders around to maintain ballast. Up to 15 inches of ice formed on the deck and frostbite set in. After a prodigious feat of navigation, the crew spent two days trying to land on South Georgia’s rocky, windswept coast. They finally made landfall - on the opposite side of South Georgia from the station. Shackleton and two others had to cross craggy, unmapped mountains as high as 4,500 feet. After numerous obstacles, they reached the station. In poor condition and in tattered clothes, they were unrecognizable - Shackleton had to introduce himself to the astonished station manager. As they recuperated, Shackleton pulled together a rescue party, setting out for Elephant Island and the wreck of Endurance. Not one man out of 28 was lost. Shackleton organized another expedition in 1921, and had returned to South Georgia when he died of a heart attack, at only 47. His death closed a heroic era.

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The Long Path to Spaghetti

Lawrence "Larry" Koresko, a resident of Philadelphia, serves Insmax Insurance Brokerage, Inc. as its president. During his free time Lawrence Koresko enjoys simple, straightforward food, and counts spaghetti among his favorite dishes. Though it now enjoys a reputation as a staple of Italian cuisine, the journey of spaghetti from its early forms to the dish recognized today was a long one. Pasta with tomatoes, tomato sauce, or cheese, first occurred in Naples in the early 1800s, and was joined by other perceived cores of Italian cuisine like bread rounds and the first pizzas. Modern spaghetti, however, with hallmarks like mass produced pasta along with meatballs, only entered into the culinary landscape in the late 1800s through the 1920s. Millions of Italian immigrants brought their culinary ideas across the sea, but in the Americas, holiday foods like pasta, meat, and cheese were far more common than in Italy. As a result, Italian-American chefs were able to improvise, combining ground meat, pasta, and tomato sauce in new ways in America and countries such as Argentina, leading to dishes like modern spaghetti and milanese alla napoletana.

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The Benefits of a Quote Engine in the Insurance Industry

Philadelphia resident Lawrence “Larry” Koresko has worked in insurance for more than two decades. Currently, Lawrence Koresko heads Insmax Insurance Brokerage, a wholesale brokerage agency, as president. Founded in 2014, Insmax provides marketing, sales, and back office support to insurance and annuity professionals. Staffed by veterans of the insurance industry, the agency offers services that range from lead generation and marketing support to quote engines. Quote engines often take the form of software packages that enable insurance professionals to quickly and easily obtain pricing from multiple insurance carriers for clients. These tools allow insurance professionals to spend more time on building their business, as opposed to engaging in paperwork. Moreover, quote engines bolster lead generation by allowing individuals to apply for a quote online, and can make an insurance firm more competitive by increasing visibility and brand awareness.

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The NAILBA My Voice Program

Lawrence “Larry” Koresko is a resident of Philadelphia that applies his extensive experience in business consulting and finance as the president of Insmax Insurance Brokerage. A former partner at Koresko Financial, Lawrence Koresko is also a member of the National Association of Independent Life Brokerage Agencies (NAILBA). A professional membership organization, NAILBA advocates insurance brokerage as a means to improve individual financial security and expand consumer choice. The organization was founded in 1981 and has since grown to include more than 300 agencies across the United States. As the voice of independent wholesale life brokerage agencies, NAILBA also engages in ongoing advocacy and operates programs such as the My Voice initiative. My Voice provides a mechanism for NAILBA members to voice their concerns regarding the insurance brokerage industry. The program works primarily through a chair-elect who serves as an initial point of contact for members. Upon receipt of an issue through My Voice, NAILBA engages in discovery and then an investigative stage. Resulting information from this analysis provides information to an executive committee which ultimately determines whether the association will throw its support behind an issue or what action will be taken. Members can reach My Voice through the NAILBA online community, by email, or by phone. For contact details or additional information on the program, visit www.nailba.org.

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Tips for Hitting Good Bunker Shots in Golf

Lawrence “Larry” Koresko is an Indiana University graduate and Philadelphia resident who leverages over 20 years of insurance industry experience in his work as the president of INSMAX Insurance Brokerage, Inc. In his spare time, Lawrence Koresko is a keen golfer. Here are some tips on how to hit a good bunker shot in golf: 1. Wider stance. Holding a wide stance prior to taking your shot creates a flat swinging arc, which lengthens the period of the swing during which the sand wedge is at the ideal plane for a good shot. 2. Feet in the sand. Dig your feet into the sand, both to determine the depth of the sand so you can figure out how this will affect your shot and to provide yourself with an even footing as you take the shot. 3. Avoid contact with the ball. Your aim it to make contact with the sand approximately an inch behind the ball so the upward loft of your swing carries the ball out of the bunker. Striking the ball directly will typically lead to failure in achieving the height required to escape the bunker.

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Choosing the Right Motorcycle for You

Philadelphia resident Lawrence Koresko has been working in the insurance industry for more than two decades and functions as the president of Insmax Insurance Brokerage, Inc. When he’s not busy guiding the growth and management of Insmax, Lawrence (“Larry”) Koresko enjoys riding motorcycles. The process of buying a motorcycle begins with figuring out the type of motorcycle you want. Most motorcycles are divided into four broad categories: off-road bikes, street bikes, dual-purpose motorcycles, and scooters and mopeds. Off-road bikes, or dirt bikes, are lighter and have thicker tire treads and better suspension. These features make them perfect for handling rough terrain. Meanwhile, street bikes feature smooth tires to accommodate paved road, and scooters are small, quiet options for riding around town. Finally, dual-purpose motorcycles are a hybrid of off-road and street bikes. Once you know the type of motorcycle you want, you can further limit your options by establishing a price range. Depending on how much you have to spend, you may be unable to purchase custom bikes or motorcycles that feature complete packages. Your level of experience may also limit your options because you need to find a bike with features that accommodate your level of familiarity. Finally, you have to consider a motorcycle’s size. Unless you can stand with both of your feet flat on the ground, the bike is too tall for you. Further, motorcycles that are too heavy make it difficult to stay balanced and maintain proper positioning.

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Strategies for Growing a Business

For the past several years, Philadelphia resident Lawrence Koresko has been leading Insmax Insurance Brokerage, Inc., as its president. Before joining the Pennsylvania-based company, he spent more than a decade serving as a partner at Koresko Financial. At both companies, Lawrence (“Larry”) Koresko was responsible for business management and growth. Most businesses hope to grow at some point during their life. However, not every business owner knows how to grow his or her company. Below are a few strategies for business growth: - Open another location. This method of growth is often easier said than done. Owners must ensure they have a consistent bottom line before expanding to another location and check whether their company has staying power in the new area. Owners also have the option of franchising out their company if they do not wish to open a new branch themselves. - Innovate services. Thinking of ways to innovate a product or service is not the same as adding new services. Instead, it involves promoting new uses for existing services and products. By thinking of new ways in which a service can be used, companies can expand their potential customer base and attract interest from existing customers. - Hire the right people. A strong team can do wonders for a business’ growth trajectory. Before owners can start thinking about growing their business, they must make sure they have a strong team behind them who can handle the added stress involved with business growth. Good teams are not afraid to take on additional responsibilities and are dedicated to the overall mission.

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What is the NAILBA University?

Indiana University alumnus Lawrence “Larry” Koresko is a resident of Philadelphia who has decades of experience in business consulting, finance, and insurance brokerage. Currently, Lawrence Koresko applies his expertise as the president of Insmax Insurance Brokerage and is also a member of the National Association of Independent Life Brokerage Agencies. Founded in 1981, the National Association of Independent Life Brokerage Agencies (NAILBA) is a trade organization that represents the wholesale life brokerage industry. The association currently maintains a membership base of over 300 agencies spread across the United States. Association members benefit from services that include advocacy efforts as well as educational programs like the NAILBA University. NAILBA University is an educational initiative designed to increase professional development options for the life insurance industry. Members of the university, which include insurance principles, business owners, brokerage staff, and independent producers, receive access to webinars, training series, and work books. Enrolling in NAILBA also provides educational benefits such as discounts on university programs and customized training sessions. For a full listing of university programs, visit www.nailba.org.

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Rugby’s Growing Popularity in the US

An over 20-year veteran in the insurance industry, Lawrence “Larry” Koresko heads Insmax Insurance Brokerage, Inc. Lawrence Koresko, who resides in Philadelphia, engages in a number of hobbies such as motorcycle riding, swimming, and in his younger years in college he also played rugby. Rugby was introduced in the United States in the 1870s through the colleges and universities. The US had early international success in the sport when it won the gold medal for rugby in the 1920 and 1924 Olympics. It largely became a marginal sport but in the last seven to eight years has gained more popularity in the US with some attributing the interest due to the return of rugby in the 2016 Rio Olympics. USA Rugby states that there are over 100,000 registered rugby players in the country and one-fourth of this number are women. According to Sports Fitness Industry Association, rugby is the nation’s fastest-growing team sport with more than 1.2 million people in the country playing the game.

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Common Components of an Estate Plan

Philadelphia resident Lawrence “Larry” Koresko is a graduate of the Indiana University of Pennsylvania who currently serves as the president of Insmax Insurance Brokerage. As president, Lawrence Koresko is responsible for the firm's development and growth, and has expertise in topics that range from life insurance to estate planning. Estate planning refers to the general process of preparing to manage an individual’s assets after they pass away. Estate plans, which are normally set up by an attorney, comprise a complex set of specific tasks. The benefits of putting an estate plan in place include lower tax burdens, control over the distribution of assets, and the provision of clarity for survivors on how the estate should be handled. In addition to creating a will and arranging for burial arrangements in advance, estate planning often includes the establishment of trust accounts in beneficiaries’ names to avoid unnecessary taxes. An executor and power of attorney are also named to manage the plan after death. An executor is charged with overseeing the terms of the will, while a person with power of attorney is responsible for managing and distributing assets and investments that make up the estate.

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NAILBA University - Diverse Educational Opportunities

Since 2014, Lawrence (Larry) Koresko has served as president of Insmax Insurance Brokerage, Inc., in Philadelphia. Active in his broader professional community, Lawrence Koresko maintains membership in the National Association of Independent Life Brokerage Agencies (NAILBA), which offers a number of educational opportunities to members through NAILBA University. NAILBA University strives to meet the educational needs of member agencies and increase the quality of professional development opportunities. The curriculum targets business owners and agency principals and independent producers who work with NAILBA agencies, as well as carrier staff within the brokerage channel. NAILBA University’s offerings include an Agent Training Series and a BGA Employee Training Series consisting of 16 courses, ranging from Life Insurance Products to Ethical Conduct in the Insurance Industry. Additional courses cover annuities from a number of angles, long-term care, and underwriting, among other topics. The university also provides webinars and such resources as an Agency Practices Workbook and a Field Underwriting Guide. To learn more about NAILBA and its educational offerings, visit www.nailba.org.

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NAILBA’s 36th Annual Meeting

An Indiana University of Pennsylvania graduate with a bachelor of science in economics, Lawrence (Larry) Koresko of Philadelphia serves as president of Insmax Insurance Brokerage, Inc. Lawrence Koresko remains dedicated to professional development and maintains membership with the National Association of Independent Life Brokerage Agencies (NAILBA), which will hold its 36th Annual Meeting on November 16-18, 2017. NAILBA’s 36th Annual Meeting will take place at the Diplomat Resort and Spa in Hollywood, Florida. The organization will use results from the survey assessing last year’s meeting to enhance the participant experience. The 36th Annual Meeting will include keynote speakers during the General Sessions and workshops with practical takeaways that participants can use in their businesses. Additionally, the event will include an exhibit hall featuring carriers, services, and products that participants can use to improve operations at their agencies. Registrants also have access to a black-tie dinner that will celebrate those honored with the Douglas Mooers Award for Excellence. Finally, attendees are invited to contribute to the NAILBA Charitable Foundation by participating in both live and silent auctions.

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Lone Survivor by Former Navy SEAL Marcus Luttrell

Since 2014, Lawrence “Larry” Koresko, an insurance professional with over 20 years of experience, has served as president of Insmax Insurance Brokerage near Philadelphia. Outside of the office, Lawrence Koresko enjoys a number of hobbies, including playing golf, riding motorcycles, and reading. He lists Lone Survivor among his recent favorite reads. Written by retired Navy SEAL Marcus Luttrell and contributor Patrick Robinson, Lone Survivor is a nonfiction book that follows Luttrell and a group of SEALs during a desperate battle in the mountains along the Pakistani border. Dubbed Operation Redwing, the group’s  mission was to capture or kill an al-Qaeda leader who was being sheltered in a small village heavily guarded by Taliban forces. Luttrell and the other SEALs were greatly outnumbered and were soon overtaken by Taliban fighters. Ultimately, the battle led to the deaths of 19 SEALs and other Special Forces members, and Luttrell was the only survivor. In addition to telling Luttrell’s story, Lone Survivor provides a detailed account of modern warfare and serves as a tribute to the men who gave their lives in service to the United States. Lone Survivor was later adapted into a film of the same name starring Mark Wahlberg.