Why Should I Use a Life Insurance Broker?

For the average person, insurance is complicated at best. Most of the time, there are so many rules and regulations, it’s hard to figure out what you can and can’t do.

Then there’s understanding the cost of insurance.

Life insurance can actually have a lot of benefits. The best way to find out about these benefits (and understand them) is to work with a life insurance broker. Read on to learn why.

A Life Insurance Broker is Free

Yes! Using an insurance broker is free for the client. Instead of you paying, the insurance company pays the broker a commission. So go ahead, ask any and all questions you can possibly think of.

But what’s better than free advice? Advice that can save you money! A great life insurance broker will actually be able to help you get the best life insurance for your needs at the best rates.

Using a Life Insurance Broker Can Help Save You Money

Some people worry that using a broker will cost them more. Or that the insurance company will charge more for using a broker. That simply isn’t true.

There are regulations in place that won’t allow for it.

A great broker will compare offers from various companies and then present the best ones at the best rates to you. They’ll also advise you when adding something, like child riders on policies, aren’t always necessary.

They’ll also tell you which policy riders are necessary to add on to your plan like a double indemnity policy rider. This type of policy means double the payout if you die from certain accidents.

In fact, they can often help you lower the premium you’ll pay, which is something you probably won’t be able to do on your own. Not only that, but they can also show you how laddering multiple policies might actually lead you to save 50% of your life insurance costs over the next 30 years.

That’s a lot of savings and something you wouldn’t know without a lot of time and research on your part.

They’ll Help You Plan for the Future

As we all know, there are only two certainties in the life: death and taxes. A broker can help you prepare for your passing and might even be able to save you money on taxes, here’s how.

First, your insurance broker will help you plan ahead for funeral costs. This is great because the average funeral now costs around $10,000. Without life insurance, this cost can be a huge burden to your loved ones.

Also, if you suddenly pass and still owe a mortgage on your home, your family won’t be strapped with this expense. Instead, your life insurance proceeds will ensure they can live there as long as they need.

Lastly, the life insurance benefit is not taxable. So it’s a great way to provide an inheritance for your loved ones without having to pay inheritance tax on it. So, in this case, even if you can’t beat death, you can beat taxes.

Life Insurance is an Investment

It’s pretty clear that life insurance has a lot of benefits attached to them. Are you ready to learn more?

Click here for more information on life insurance or to get a free quote.