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 Combine Your Policies and Save Some things just make perfect sense in pairs. Is Term Life Insurance for You? Term insurance is the simplest form of life insurance. Here's how it works. The Best of Both Worlds Here are a few reasons we’ve chosen to be independent.