What is a life insurance broker?

Life insurance brokers. Similar to independent agents, brokers can sell policies from a variety of insurance companies. But insurance brokers typically represent the buyers, not the insurance companies. Some brokerage firms let you compare quotes from various companies and buy coverage online.

Why should you use a life insurance broker?

There are a number of potential benefits to using an insurance broker to choose and purchase a life insurance policy. Life insurance brokers understand the finer points of different life insurance policies and may help put complex financial terms into everyday language.

Do you need a life insurance broker?

A life insurance broker may help point you toward the right policy for you and your family’s needs. While they can offer informed advice and help streamline the application process, there are potential pros and cons to explore before working with a broker. See which provider is right for you. What is a life insurance broker?

What is the difference between a life insurance agent and a broker?

Life insurance agents and brokers work with insurance companies to help customers buy life insurance. Agents work on the insurer’s behalf, while brokers work for the consumer. Katherine Murbach Katherine MurbachEditor & Licensed Life Insurance AgentKatherine Murbach is an editor and a former licensed life insurance agent at Policygenius.