Choosing the person or company to take care of your life insurance policy is a very important and sometimes daunting task. Who can you trust to take care of such an important security in the life of your family?

This isn’t a task you should entrust to just anyone. Deciding between life insurance brokers and life insurance agents and picking one of many available life insurance policies can be a stressful job.

Do your research so you can make an educated and wise choice about this significant life decision.

Here are 5 tips for making the right choice about your life insurance needs.

Life insurance brokers vs. life insurance agents

The first question most people ask is broker vs. agent. This is an important question for all kinds of insurance.

A life insurance agent works with one specific insurance company and therefore they can only offer you policies that are offered by that specific company. A life insurance agent works primarily for the insurance company.

Life insurance brokers are not beholden to any particular insurance company. They work primarily for you. Life insurance brokers are able to shop around between different companies so they can offer you the best deal possible.

RFP or Multi-broker bid

One way to begin the process of choosing a life insurance broker is to ask for a Request for Proposal, or RFP. There are large documents that will contain a particular brokers bid. They can be dense and difficult to understand, but it’s a good place to start.

You could also request bids from multiple brokers to compare the offers they give you. That way you can feel confident that you’re being well taken care of.

Interview your broker

No matter what method you decide to use, you should interview your broker in person.

Meeting with your broker face-to-face is the only way to feel comfortable and confident about the care you are receiving. In an interview, you can question your potential broker about their personality and working style.

You want to ensure that you fully trust your broker and that your different working styles are compatible.

Your broker should know you

The reason it’s so important that you feel comfortable with your broker is they will be trusted with very personal and sensitive information. Life insurance brokers need to have access to your full financial profile.

Not only that, but they need to know about your job, your hobbies, and your lifestyle. Good life insurance brokers will get to know your attitudes and levels of comfortability with risk.

There are so many things to consider adding to your life insurance so you need your life insurance broker to really know you and your family.

Your broker should avoid jargon

If you can’t understand the plan being offered to you then you can’t make an educated decision. Good life insurance brokers will avoid the technical jargon and make sure you fully understand all of your options.

Clarity and honesty are so important in a decision as big as a life insurance policy.

Choosing your life insurance broker comes down to trust. You’ll need to find someone that you trust to take care of you and your family for years to come. So look around and be sure that you’re making the best choice possible.

Herndon Carr Fort Myers

10501 Six Mile Cypress Pky #101
Fort Myers, FL 33966

Herndon Carr Cape Coral

1031 Cape Coral Pkwy
Cape Coral, Florida 33904
(239) 205-6072