What is a Producer? Producer[pruh-doo-ser]noun1.A Producer is an individual licensed by a State’s Insurance board to sell insurance. A Producer can be an Agent, a Broker, or a colleague of either of the two. Share | Have A Question About This Topic? Name Email Address Question Thank you! Oops! Related Contents Accidents Accidents happen to everyone. We’re here to help. Universal Life Insurance Universal life insurance is permanent insurance with a flexible premium. Here's how it works. Protecting Those Who Matter Most The importance of life insurance, how it works, and how much coverage you need.