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 Message Thank you! Oops! Related Contents Combine Your Policies and Save Some things just make perfect sense in pairs. Variable Universal Life Insurance Variable Universal Life is permanent insurance in which the policyholder directs how premiums are invested. Protecting Those Who Matter Most The importance of life insurance, how it works, and how much coverage you need.