When you’re thinking about purchasing life insurance, it can be easy to focus only on the price and term of your policy. After all, buying life insurance is an investment, one that should generate income after you’ve passed away so that your family can pay off any outstanding debts and carry on with their lives without financial stress. Unfortunately, not all life insurance brokers are as interested in protecting your best interests as they are in closing sales, which means you could wind up spending more than you have to and not get the coverage you need.

What is an independent agent vs. a captive agent

An independent agent is a life insurance broker who sells from multiple companies. A captive agent is an insurance broker who only sells one company’s products. Which type of agent should you choose? It depends on your individual needs and budget, but it’s important to know how these agents are compensated before you decide. Independent agents are paid by the commission they make off their sales, while captive agents work on salary and sometimes receive bonuses when they sell certain products or reach certain goals.

Why you should work with an independent agency

Life insurance is an important part of preparing for your future, but it can be challenging to know what type of life insurance you need. When you work with an independent agency, they’ll ask you a series of questions to get a better understanding of the needs and values that are most important to you. They’ll also look at your family situation, like if there’s a dependent who lives with or near you, or if there’s someone who financially supports or will financially support you in the future. This will help them suggest the right type of life insurance coverage that fits your needs and budget.

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How to find an independent agency

As you’re searching for life insurance, it’s important to find an independent agency. This will help ensure you get the most accurate information about your coverage and options. Plus, an independent agent is not tied to any one company so they have the freedom to shop around and find the best policy that meets your needs. In addition, these agents will be able to provide you with multiple quotes and compare rates from various providers. The bottom line is that an independent agent should give you more options when it comes to finding life insurance coverage at a price that works best for you.

What can I expect from my agent

A life insurance agent is actually a professional who really helps people find what type of life insurance plan to buy. Life insurance can be confusing, so it’s important to take time to understand your options. Choosing the wrong plan could have serious consequences in the event of death or disability. It’s important to know that a life insurance broker cannot represent you if you are looking for disability coverage, but only if you are seeking protection against death. 

A good agent should explain your options, walk you through their policies and help you decide on an appropriate plan that suits your needs. A bad agent will sell a product without considering how it fits into your financial goals, future plans or risk tolerance level.

How does life insurance coverage work

Life insurance policies are designed to protect people and their families in the event of an unforeseen death. When you buy life insurance, a policy is set up that pays out a certain amount of money when you die. This money can be used to help cover funeral expenses, pay off debts, provide financial support to your dependents, or anything else you would like it to do. There are actually so many kinds of life insurance available : term life insurance, whole life insurance, universal life cash value life insurance and more. The type of coverage you choose will depend on your needs and what type of coverage you want.

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What are some common objections people have about life insurance

Life insurance is actually important part of any financial plan. Yet it’s often avoided because people have objections that are actually misconceptions. Here are some common objections and the reality behind them:

1) I don’t need life insurance because I have a lot of debt. The reality is that life insurance coverage will pay off your debts, including mortgages and other secured loans, so you don’t have to worry about your family having to shoulder those obligations after you die. 2) I don’t want my kids to grow up with money they didn’t earn themselves. Life insurance pays out in one lump sum, so your children won’t get a monthly check as they would with an annuity or retirement account.

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