An insurance broker is a professional who specializes in selling life insurance from various insurance companies. The main difference between a broker and a captive agent is that the agent sells insurance from a single company, while a broker represents multiple companies giving them more options to find you the most suitable coverage.
Licensing in Canada
In Canada each province is responsible for the licensing requirements for brokers. The life insurance industry is active and ever changing, and can be complicated; a professional broker is a necessary resource when you are shopping for life insurance. Brokers are tasked with keeping knowledgeable about the latest policy offerings and industry trends, and applying that knowledge to help you.
Why a Broker?
If you are in the market to purchase life insurance, it can be very beneficial to work with an independent insurance broker for a few reasons. A captive life insurance agent has a direct relationship with the insurance carrier, which means their interest is with the provider, not the life insurance consumer. A life insurance broker has contracts with numerous insurance companies they represent meaning that their interest is more directed at getting the client the best possible contract.
We Make it Easy
As consumers become more reliant on using the internet to educate themselves on life insurance, life insurance brokers are forced to adapt. As a company that prides itself in connecting Canadians with the best advice through our brokers in Canada. Solutions Financial works hard at ensuring our brokers are committed to getting you the best possible coverage at the best price.
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