If you’ve never worked with an insurance broker or agent to buy life or health insurance, you probably have a good reason. You might be introverted and hate talking to strangers. You might be afraid of high-pressure sales tactics. You might not see the point when you can apply online yourself.
These are all valid reasons. But working with a professional the next time you need to shop for coverage could be more beneficial than you realize. Here’s what you stand to gain:
Save time and money.
With numerous insurance companies each offering multiple policies, comparing coverage yourself can be time consuming. An insurance professional who knows what you’re looking for can quickly narrow down your options to make this process far more efficient.
In the case of life insurance, they can also point you toward the companies or policy types that someone with your medical history is most likely to get approved for at favorable rates.
Understand your coverage.
Insurance policies are full of jargon that most people don’t understand. Most agents and brokers didn’t understand the insurance industry before taking licensing exams and gaining experience, either.
When you don’t understand the lingo and legalities of insurance contracts, you risk not getting the coverage you intended to. You don’t want to find yourself expecting to get paid after a major loss, then learning there’s no chance — because your policy never covered it.
Shopping for insurance probably isn’t your idea of a good time. But agents and brokers enjoy it because they’re good at it and like helping people. Let’s chat about your coverage — it costs nothing and doesn’t obligate you in any way.