You can purchase your life insurance from an agent who only represents a single company, or you can choose an independent agent who offers policies from many different insurers. It’s not surprising that millions of people want independent agents to get the best type of policy for their needs.
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What is an Independent Agent?
Many insurance agents work for a single company, much like a franchise where they provide representation to a specific location. Such agents are akin to salespeople who earn commissions from selling the policies provided by the company. An independent agent is not tied to a single company, but rather earns commissions by selling policies from different insurers.
In some ways, it’s harder for independent agents to become established because they do not have the full support of a single insurance company. However, they do have their unique advantages which make them attractive to those looking for specific types of policies.
Pros & Cons
The benefits of independent insurance agents start with the choice they provide in terms of representing a myriad of insurance companies. For those looking at getting a life insurance policy, the independent agency can provide the following benefits.
Choice: You are not restricted to what one company offers as with captive life insurance agents. With an independent agent, you can choose from several different insurers which means you can find the right one at a price that fits your budget.
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Expert Advice: Because of their familiarity with so many different insurance companies and their policies, the independent agent acts as your guide to finding the right one that works for your needs. This means that they provide information about the size, scope, price, and any extenuating circumstances. Even if you need the least expensive plan due to a tight budget, an independent agent can notify you with the most valuable information.
Advocacy: The agent does more than sell you the policy, they are your advocate when it comes to concerns about claims or billing. They will work with you when it comes to any questions you have about filing a claim, addressing a bill, or any change in the policy itself.
There are very few if any real disadvantages in using an independent agent apart from the possibility that a dedicated or captive agent might offer you a better price for a particular policy that the company has to offer.
Why Should You Choose an Independent Agent?
There are several good reasons, but perhaps the most important is that the independent agent is more on your side when it comes to working with insurance companies. Because they are not captive agents, they do not have a natural inclination to back a particular company over your needs.
The independent agent can find you the best life insurance policies at competitive rates. This means that you have a wealth of choices as opposed to just one with a captive agent. For the senior citizen of the country, a local independent agent is a go-to man without any uncertainty.
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If you are looking for the right life insurance policy, an independent agent is a good place to start. They provide you with the widest range of choices so that you get the type of life insurance policy that best suits your needs.
This is true with Secure Senior Life Insurance as we work with some of the best life insurance providers in the country. Thus we have greater access to find the most competitive rate in the market.
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