Why you should be using an Independent Insurance Agent
Insurance is complicated. It’s an agent’s business to understand it and communicate it to you, so you know it as well. In almost all cases, an ordinary consumer will benefit from having someone who deals with this subject for a living advise them on a 50+ page contract. If there are any hidden surprises, a licensed life agent is the one equipped to know where they are.
- updated last on April 14, 2023
Quick Page Guide:
Should I use Independent Insurance Agent
It is possible to shop around all by yourself for life insurance coverage. However, most people find it a daunting task. It is true, especially if you are not familiar with what you are looking for. There are vast arrays of insurers and plans to choose from that can make the task harder. The choices are endless, so you can find everything that you need in just one package. It will depend on your financial ability to pay for the monthly premium.
Moreover, people are most of the time overwhelmed with lots of choices available on the internet. Hence, some people seek help from an agent who is working for a particular insurance provider. If you ask help from an agent working solely from an insurer, you will get an offering based only on their products. However, you will also get good advice from them according to what the company they can offer. However, it will limit your options. Using an independent insurance agent will give you a much different experience.
Using An Independent Insurance Agent How That Will Work For You
What is an independent insurance agent? If you opt for using an independent insurance agent like Coach B, they will work to your advantage, not for a specific insurer. It is imperative because an agent will not push you to buy a particular provider’s particular policy. They will search for a policy from various insurers that is according to your needs and budget. Moreover, an agent will give you a long list of choices that suits you best. By using an independent insurance agent they will work for your satisfaction alone.
At Coach B, you will have your shopper or advisor who can answer all your inquiries and concerns. Therefore, you can make a wise decision by comparing the pros and cons of each policy from different insurers. These agents will give you honest and useful advice. Agents working for you have a connection from other reputable insurance providers. Also, you can use their experienced and expertise in the field to find the best deals. If you get their service, you can ensure that you will get the best value for your hard-earned money.
Flexibility in Shopping for Life Insurance Coverage With Independent Insurance Agents
In case you are unhappy with your insurance policy, then an independent agent can help you find an insurer that can offer everything you need in just one package. It means that you do not need to think of the provider, focusing on the policy. An agent from Coach B. Life Insurance will do all the research for you and only provide you with a list of the best insurance providers in the field.
Moreover, the broker serves as the bridge between you and the insurer that you need. By doing this, you can ensure that there will be no breakdown in service, and you can save a lot of time.
Furthermore, you will get an unbiased opinion on various insurance policies and coverage. You can depend on their advice without hesitation. If you are thinking of commission, they receive close to the same amount from each insurer, so they will not vouch for a particular company. Aside from that, after getting the approval, the work of an independent agent does not stop. They will monitor your policy and review it to determine if you are getting what you are paying for before it’s delivered.
Pros and Cons of independent insurance agent
Pros and cons of independent insurance agent. The biggest benefit of working with an independent agent is fairly obvious — you work with one agent to get quotes from multiple insurance companies.
Insurance agent disadvantages
One downside of working with an independent agency is that many top insurance companies don’t work with them. You’re more likely to see companies with smaller marketing budgets working with independent agents than GEICO, Progressive, or State Farm. Companies like State Farm and Progressive don’t need independent agents to sell their products — their brand name and advertising budget does it for them.
Independent insurance agents near me
Each insurance broker is well trained with a high standard of professionalism. How do independent insurance agents get paid. Mostly, they earn from a commission given by these insurance companies. So, you are the primary source of income. It is the reason why they need to keep clients happy and satisfied with their work. They have a long list of contacts from different reputable insurers. Also, they already established a good and strong relationship with each other.
A broker with long years of experience in the business already has a wider portfolio than an insurance agent working for a particular company. Additionally, they have experience in a complicated claim from their past clients. For instance, a claim against the policy so they are already well-versed in and out of insurance claims. You can count on their service until the time that your family needs to claim after your passing.
All independent agents are bonded and licensed according to the location where they operate. Therefore, it means that you are secured if an agent does a fraudulent transaction that is deemed harmful to you. It is good to always ask for their licensed number so you can check. How to become an independent insurance agent. Call 800-342-1537 and we can help you. You can also find a list of independent insurance agents on your states department of insurance website.
Benefits of using an Indepedent insurance agent
Also, an agent working alone is well informed of the latest events and news in the insurance industry. It comes from various dealings with different insurance providers. Therefore, you can ensure that you are only getting choices from the latest offerings regarding the insurance policy. An agent working for a particular company only knows about the company products and everything related to the company where they are working.
You will gain the freedom to choose from different insurance companies and find a product that suits your needs and budget. In case you want to change your policy in the future, then your agent can help you look for another policy from a different insurer. They will be the ones to contact your current insurer and look for a new one. You do not have to go outside and leave your home. It is possible to do everything via phone call or video call if you are comfortable with it.
Frequently Asked Questions
Is it better to have an independent insurance agent?
It depends on your individual needs and preferences. Independent agents can offer a broader range of insurance options from multiple companies, while captive agents work exclusively for one insurance company. Independent agents may be able to find you a better deal, but captive agents may have more in-depth knowledge of their company's policies. Ultimately, it's essential to research and chooses an agent you trust who can meet your specific insurance needs.
What is the advantage of using an independent insurance agent?
Independent insurance agents work with multiple insurance companies, giving you access to a broader range of coverage options and prices. They also provide personalized service, helping you find the right coverage for your needs and budget. Additionally, they can assist you with claims and provide ongoing support throughout the life of your policy.
Who does an independent insurance agent represent?
Independent insurance agents represent multiple insurance companies rather than just one. This allows them to offer their clients a broader range of insurance options and find the best coverage and rates for their specific needs.
About Coach B.
After starting his financial career with Phoenix Home Life Insurance Company back in 1992, Scott decided he wanted to provide people with an easier and more enjoyable way to buy life insurance. That was the start of Coach B. Life Insurance, whose mission is to be transparent, honest, and helpful to customers — without ever bugging or pushing them.
In the years since then, he has worked tirelessly to improve the process of shopping for insurance. His goal is to make sure that everyone who comes to Coach B. — whether they end up buying a policy or not — has the best possible experience.
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