Life Insurance Quotes

Do I Need an Agent?

Do I Need an Agent?

When acquiring insurance, you may notice that there are agents. The agent plays an important role from the time you access their website on the Internet and obtain insurance quotes from them to the moment that you sign the final paperwork. So the question comes about as to whether or not you need an agent.

It is hard to not have an agent since they are everywhere, working on behalf of the insurance company. They are the middlemen and women. They are the ones that advocate for you when there is an issue and they are authorized to speak on behalf of the main company. All-in-all, they are your first point of contact and your only point of contact for as long as you have your life insurance policy.

Services

Insurance agents are able to provide a wider range of services to their customers. If they offer more than just life insurance, they are able to bundle services. This means that you can have your life insurance, car insurance, and your homeowner's or renter's insurance all on the same policy, receiving a significant discount for all of these. In other words, you are saved money.

They are able to offer you different types of policies and give you a discount because they have more control than what one would think. They have professional relationships with the underwriters that provide them with the insurance the sell. In many cases, the actual insurance company just takes care of the opening and closing of polices, while the agent takes care of everything else.  They can help you with various things such as converting term to permanent insurance.

And when you are filling out your life insurance application, they can provide you with assistance in filling out your application so that you can make sure everything is right. All you have to do is ask. They then make the determination regarding your coverage. You could ask the insurance company to help you, but they don't have the manpower to provide the individualized service other than through their customer service lines.

Cost

Something you'll notice about working with an insurance agent is that it is free. It does not cost you a dime to work with them. The agents are paid by the insurance companies that they represent and not by the customers. This means that they are providing all of these services while there is nothing truly in it for them. Of course you having a policy with the company that they represent results in them getting paid by the company, but anything else merely means they are doing their job and they are doing it for you.

The extent of your cost is your actual life insurance, which you can figure out by getting life insurance quotes. The quotes are not exact, but close enough to where you can make an informed buying decision. Once you make your buying decision, you then pay your premium through the life of the policy and it will pay a death benefit to your beneficiaries in the event of your death.

So you don't have to have an agent, but an agent does have its advantages. Of course, what you do is up to you, but you may find that the answer is obvious. An agent, acting as a middleman on your behalf, can make a great difference in your experience. If you have any issues, you let them know. If you have questions, you simply ask. You are dealing with a company that consists of individuals willing to act on your behalf. Basically, they are an extension of the main company, doing tasks the main company can do, but saves time from not doing.

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