When purchasing a life insurance policy, a life insurance broker plays a vital role in the process. A good agent will help you understand the different options available to you. After all, their job is to sell you an insurance policy, so they should be knowledgeable about the different types of policies and what kind of coverage is right for you. They should also recommend policies that are appropriate for your lifestyle and financial situation. In addition, a good agent will be able to make sure that you don’t purchase more coverage than you need.
Another difference between a life insurance agent and a broker is their relationship with insurance companies. While an insurance company directly employs agents, brokers work for consumers. They work directly with carriers and represent a variety of different companies. As a result, a broker can offer various products from a variety of different companies. Rather than being tied to one particular insurance company, a broker will be able to shop around to various companies to find the best policy for you.
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