Speak with an experienced advisor! 415-294-5454 Speak with an experienced advisor! 415-294-5454Just as life insurance can be broken up into different types of products. Life Insurance Agents and Agencies can also be broken down into two different categories.
Those categories include: Captive Insurance Agents and Agencies Vs Independent Insurance Agents and Agencies.
A Captive Insurance Agency is one in which the group may only place life insurance products with one insurance company of family of insurance companies. Sometimes this means that that insurer has at least the right of first refusal. After which the insurance agent may be ‘allowed’ to offer you other companies products.
As the word independent would seem by its definition An Independent Insurance Agency is one in which the group may place your insurance product with any insurance company that is open to accepting proposals and policies independents. There are more than 50 companies that work with independent but this changes on a given state.
Captive Vs Independent Insurance Agent, which is right for you? It may depend on your situation or your health condition. However as a general rule of thumb, Independents have many more choices and Choice is usually a good thing.
Captive – Independent? What matters and what doesn’t. All about what Captive Insurance agents really think about Independents. Did you know that there are two different types of insurance agents? Want to learn how you can save hundreds on your life insurance bill?read on…Insurance is complicated business, needlessly complicated often times. There is lots to know and.. More
Written by Scott W Johnson
Insurance Agent vs Insurance Broker Why it doesn’t matter with life insurance – And what really does matter.in Three Short Minutes you could Save Hundreds on Life Insurance…00Days00Hours03Minutes00Seconds- just three short minutes -Countless hours I have spent explaining the differences between Insurance Agents and Insurance Brokers. The definition of an insurance agent and an insurance broker are developed.. More