08/19/2022
Sometimes it can be confusing to know who can best serve your insurance needs. Here are a few differences between insurance agents and insurance brokers.
Insurance Agents:
-traditionally represent one company
-limited product portfolio to the company they work for, which may not have the correct plan for your needs
-not always familiar with multiple companies and plans to compare
Insurance Brokers:
-work with multiple companies, which means they can easily "shop" insurance for you without you having to contact multiple companies yourself
-Large product portfolio, this is important because they can take care of your needs in all ways. Need a Medicare supplement and a drug plan, but also life insurance? Brokers can be a one stop shop for many needs.
-Easier underwriting. Have you ever been told that a company would not accept you because of certain health condition? Having multiple companies is great because each company's underwriting is a little different, where one company may deny you another may accept you with a preferred rate.
-Comparing plans. Brokers work with multiple companies and plans, so they are familiar when comparing. This is a benefit for you because they are more knowledgeable in this field and can help you make a more informed decision.
-Future changes. If anything happens with your health or premiums in the future, you just call your broker. They can look at different companies if need be, and you can stay with someone whom you trust.
A great quote I've heard about Insurance Brokers is, "we shop, you save." Having more options available for you with less work on your part is always a great thing.
Questions? I'd love to chat. 337-257-4642
