With countless options available for purchasing life insurance, including various plans, carriers, and types of coverage, navigating the selection process can be overwhelming. Amidst the plethora of online resources aimed at aiding your research, how do you pinpoint the right policy for you and your family? The straightforward solution lies in collaborating with a knowledgeable life insurance representative.
Unlock the guidance you need with the key phrase “life insurance agent/broker” to streamline your decision-making process.
Life Insurance Agents v Brokers:
First, let us define the difference between an insurance agent and an insurance broker, even though the terms are used interchangeably they mean very different things.
Agents that work with Security National Life are all licensed brokers, this means they can provide you with coverage options from a variety of sources to find the best fit for you.
An insurance agent is employed by an insurance provider, that agent will represent insurance products from that provider alone whereas an insurance broker acts independently offering clients a suite of products to choose from multiple carriers.
Agents that work with Security National Life are all licensed brokers, this means they can provide you with coverage options from a variety of sources to find the best fit for you.
Here are 5 reasons for working with a Life Insurance Representative
Expertise:
Licensed brokers understand the complex landscape, terms, rules, and regulations that most consumers are not aware of that exist in the insurance industry. This is a valuable resource that can save you time and stress from trying to research and purchase insurance directly through a carrier. Most states require insurance representatives to take a licensing course, pass an exam, and go through a background check.
Brokers can offer information on the different types of insurance and help guide you on what coverage you should consider based on your motivation, is it to cover funeral expenses, gifts to family, or just assurance that your family will not be burdened after a death?
Advocate/Relationship:
A licensed broker has your best interest at heart because finding an insurance policy and carrier that meets your needs, your budget and your comfort level is in their best interest as well. A broker earns a commission when you purchase a policy and receive a small renewal fee each year a policy stays active (generally the cost of a policy purchased directly with a carrier is the same). It becomes a symbiotic relationship, and that agent will be with you for the life of your policy. This means they are the best advocate for you when contacting the insurance company by administering on your behalf if you have changes or additions to your coverage.
Additional Benefits:
In some cases, a life insurance policy may have added benefits, your insurance broker will share these with you while you decide on coverage. Some examples include adding accidental death benefits and adding coverage for your children called “riders,” and even coverage for your grandchildren and pets.
Understands Coverage Needs:
Perhaps the most important service an insurance broker can provide is getting to know you, and what you want, providing options for you to choose from in person or via phone/zoom. Having an open dialogue with an expert can navigate questions about coverage relating to health status and medication history. There is no substitute for having a conversation and getting questions answered in a comfortable setting. After some preliminary questions, a broker will know exactly what options to showcase and from which providers without the need to shop around. They can submit the policy and start the underwriting process making it a stress-free process after discussing.
One-Stop Shop:
Spend less time searching for options on your own by visiting countless websites or calling insurance companies for quotes. A broker will do that on your behalf!
A life insurance purchase does not have to be stressful, let a licensed broker aid you in the sea of choices that the marketplace offers today. It never hurts to research on your own, but bringing in a trusted broker can solidify what you know, give you additional options, and may even surprise you with some options you had not considered.
Looking for coverage? Let one of our licensed brokers assist you.
https://securitynationallife.com/for-individuals-families/
