How can I find a good insurance agent to help me buy life insurance?
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Asked May 15, 2015
Because insurance is regulated by state law, any company or person that sells insurance in your area must be a licensed insurance agent. Whether you buy the policy locally or through an Internet-based insurance broker, you are going to have a licensed agent. The question for you to resolve is whether you want an agent that only sells policies for a single company, or if you want an agent that is able to do the shopping for you to make sure you are getting the best price on the most coverage.
Dedicated agents, also called captive agents, work for a single insurance company. This means that they are only able to offer policies written by one insurer, and that limits both your options and has the potential to cost you quite a bit more because there competitive factor does not exist. Captive agents may be more likely to try to sell you a product you don’t need than an independent, because the captive agent receives a commission based on sales.
With an independent agent or brokerage, the policies are underwritten by two or more different insurance companies. This means you will be able to customize your policy by choosing between offering from different companies, and you can expect to pay lower premiums because the insurers are competing with each other to provide your insurance needs.
Online insurance brokers such as this website make shopping for insurance even easier. Not only can you use a single free online life insurance quote that quote is compared with other leading providers. Shopping online means you can do the shopping any time of the day or night, look for answers to your insurance questions from the comfort of home, and even sign up online. Using this website, you may never have to speak to an insurance agent because the work is done for you, but you can talk to one any time the need arises.
Answered May 16, 2015 by Anonymous