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? Address Thank you! Oops! Related Contents Extended Care: A Patchwork of Possibilities What is your plan for health care during retirement? Is Term Life Insurance for You? Term insurance is the simplest form of life insurance. Here's how it works. Long-Term-Care Needs Determine your potential long-term care needs and how long your current assets might last.