Canadians have a lot of options when it comes to life insurance as there are many canadian life insurance brokers offering free quotes online. Perhaps the single most important decision one will make during the buying process is finding a life insurance broker to trust.
How Do You Start Shopping For Life Insurance?
The first thing to remember is that an insurance broker works for you and should meet every expectation as anyone you employ. When it comes to insurance, each person has different needs based on time of life, lifestyle, and the value they place on their security. Any canadian life insurance broker is a professional who represents you in an insurance purchase. In Canada a large number of all insurance purchases are done through a broker, whether it be a simple automobile insurance policy, or a sophisticated life policy. The role of the insurance broker is to be your guide to the various life insurance options available. Then, after consultation with you, he will shop for the life insurance coverage that best suits your needs.
Who Do I Contact For My Life Insurance Needs?
Technically there is no difference between an insurance broker and an insurance agent. An insurance agent is the representative that you would meet with to make a purchase with a particular company. A broker on the other hand is independent of an insurance company, and analyzes the policies of many companies for you. Simply, a broker will help you determine your insurance needs, and then suggest the best policy and life insurance company to meet them. Not being a captive agent, they are able to get quotes from many companies to find the best fit.
As always, the best way to choose an insurance broker is by interviewing several and picking one you feel comfortable working with in order to get the best deal on your life insurance.