What is the difference between an agent and a broker when shopping for disability insurance?
Jan 19, 2011
jamie

jamie

19 Jan, 2011

When shopping for disability insurance, it is important to make the distinction between brokers and agents.

Agents are employees of insurance companies who represent that company’s products. Most insurance representatives fall into this category. If you contact an agent, they will most likely show you pne option–their company’s disability insurance product. Agents have incentives to show their company’s product and will most likely not shop around on your behalf. This is equivelant to going to car lot where they only sell one brand of cars. They will show you the features of that brand, but will not show you other brands. As a consumer, if you wish to compare policies and work with agents, you will need to contact agents from multiple companies and compare your options.

A disability insurance broker is not employed by an insurance company. They work on behalf of the client and can shop around to find the most suitable option for their client’s needs.  Most brokers represent multiple companies and can shop around to find the best fit.

Here at Set for Life, we are proud to work as brokers and shop around to find the best product and price to fit your needs. To request a quote and receive a personalized quote comparison, contact Set for Life today!

Related Posts

2 Year Period of Incontestability–Life and Disability Insurance

2 Year Period of Incontestability–Life and Disability Insurance

When you purchase a life or disability insurance policy, your policy will automatically have a clause called the period of incontestability. This clause causes a lot of confusion.  The clause states that if you have a claim in the first two years of the policy, the...

Can A Disability Insurance Broker Help Me with My Claim?

Can A Disability Insurance Broker Help Me with My Claim?

Disability insurance claims Recently a potential client contacted me and asked me if I could help assist them in the future if they encountered a disability insurance claim. I explained to them how it worked. Brokers can listen to their clients and direct them to the...

We’re here to help

Getting the right disability insurance can be downright confusing. At Set For Life, we’ll help you understand the options and work with you to select just the right product for you and your family. These articles will help you understand some of the complexities involved, but we’re happy to walk you through it! If you’re ready to get set, reach out for a quote today!