Choosing a life insurance representative
Choosing a life insurance representative
Finding a life insurance representative is easy. Finding a good rep is more difficult.
By the YeahBaby.com editorial staff
Finding a good life insurance representative is vital to meeting a family's life insurance needs. You'll first need to decide whether to meet a life insurance broker or a life insurance agent.
Agents represent a single life insurance company, where brokers represent multiple carriers. Representing many carriers may have benefits, since you'll have a single stop to learn about many carriers. However, brokers may receive bigger commissions from some carriers which could influence their recommendations.
Look for life insurance reps that meet all of the following requirements:
- Be licensed in your state.
- Provide good service
- Take the time to understand your financial position
- Be knowledgeable on insurance options
- Be able to explain insurance in terms you understand
- Have been in business for a long time
- Have references
These guidelines will help you find a good life insurance representative or broker. Ask friends and family if they know a good rep. This may prove a great place to start your search!
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