Benefit of Having Life Insurance Broker

I’m always on the hunt for relevant info and I loved this - one of the best articles I’ve seen on this topic for a while. Here are a few paragraphs as a taster... 

When you are aware of the uncertainties of life, you do your best to get protection against them. It takes a lot of foresight to prepare well for the future and its uncertainties. However, it is much better to make the preparations with somebody who knows the way than by just doing it alone. After all as the old saying goes, two heads are better than one. Aside from this, you also save a lot of time and money.

Time, because you know where you are going; and money, because it will not be a case of trial and error. Thus, when it comes to drawing out a life insurance policy for you, it is best to seek the help of an expert, in which case, an insurance broker.

What is the role of a Life Insurance Broker?

An insurance broker is often confused with an insurance agent; however, they are very different. An insurance agent is someone who works for a certain insurance company, or for a number of insurance companies. Thus, an insurance agent is a representative of an insurance company with a purpose of selling policies to those who are in need for it.

An insurance broker does is gather different quotes from various companies and presents them to you. Then he will help you gather the necessary information you need for the application process and submit them to different insurance providers. When the provider agrees he will then give a binder which will then be presented to you by your insurance broker. The binder includes all the terms and conditions of the insurance contract you will enter into.

Pretty valuable stuff, I’m sure you’ll agree! Why not check out the whole article here and share your thoughts with me afterwards: call (0403) 296-221 or email me at [email protected].

Thanks,

Tammie