Advantages/Disadvantages of a Life Insurance Agent
With a full time job, family and a large assortment of investments and assets to manage, the last thing you want to do is take on another difficult task like finding your own life insurance policy. Aside from saving you time and effort, there are many advantages to using a life insurance agent.
Life insurance agents a trained and state licensed sales professions. They focus their resources on helping clients such as individuals, families and businesses find the life insurance plans that best suit their needs. Many life insurance agents are diversifying their careers to include over all estate planning for their clients as well.
A life insurance agent can help consumers who want policy coverage to make sure they purchase the proper amount of coverage in order to achieve their coverage goals. They can help educate you on policies and benefits you never knew existed. If you choose to use a life insurance broker, they can easily explore a variety of plans from different providers to help develop the most cost effective plan for your needs.
Although using a life insurance agent can be highly effective, there are disadvantages in working with life insurance brokers that may be unscrupulous. As they are sales professionals who are mostly paid on commission, if a life insurance agent is lacking in moral fiber, they may oversell you and push you into a plan you may not be comfortable with if they can make more money on the deal.
That being said, it is up to the consumer to weigh the pros and cons of using a life insurance agent. Although a good life insurance agent can narrow the policy choices down, it is ultimately up to you to assess your coverage needs and the protection you want for your family.