The car he purchased was $18,900 on the car lot. His new loan ended up being close to $23,000. In the event he were to total his car out, he could end up owing $4000 or so after the insurance paid the bank. Not good! But, we added an endorsement called loan/lease gap coverage. Now if he totals out the car, the endorsement will pay for the difference. Much better than owing on a car you no longer own. And it was only about $5 per month and he can take it off when he's no longer "upside down".
Oak Tree Insurance was founded by Corey Stich on May 1, 2013.
Corey started in financial services as a licensed banker for a major bank in 2001. After a successful career as a banker he earned his securities licenses and began offering retirement planning to his bank clients as a financial consultant.
In 2011 he began offering auto, home, business, and life insurance with a captive insurance agency. He soon realized the advantage of being an independent agent and is now a partner with Atlas Insurance Brokers. He operates as Oak Tree Insurance and has the ability to offer solutions through more than 50 different insurance companies.
Department of Commerce general insurance license for Property and Casualty, Life (term, whole, universal and variable), Accident and Health, Annuities (fixed and variable) Long-term care, Disability, Group Benefits.
Series 7 NASD - License for general securities (stocks, bonds, mutual funds), Series 63 NASAA - License for federal and state securities regulations