Brokerage vs Direct with Insurance Carrier
Overview
As with all things related to insurance, there are numerous questions that clients often need answers to in order to feel truly confident they are getting the best product for their money. When it comes to the crucial task of protecting your family and assets with Life Insurance, knowing the agent and the company you are working with is paramount to making a well-informed decision. In this discussion, we will provide thorough answers to common inquiries such as, “What exactly is a brokerage?” “How does a brokerage operate and serve its clients?” and “Why should one consider working with a brokerage instead of going directly through an insurance provider like State Farm, Primerica, Gerber, or various Credit Unions?”
Why work with a brokerage instead of directly with a Provider?
We are a brokerage. Working with a brokerage means we work for YOU not the insurance company. Our goal is to provide you with the product that makes sense with the company that makes sense. When you work with an agent at State Farm, Primerica, Gerber, or various Credit Unions, they they work for that company and only that company. They will provide you with what THEY offer and nothing else. In essence it’s a, This is what we have and this is the price, type situation. As a brokerage, we shop all of the top companies and provide you with CHOICES. We find the company that provides the best price for the type of product you are looking for based on your unique needs and circumstances.
What is a brokerage?
Brokerages operate as an important intermediary between you and the various insurance providers, which means that our top priority is always the client rather than the companies we work with. As a brokerage, we pride ourselves on being subject matter experts on everything that is available, both in terms of the different products and the companies that offer them. Unlike direct company agents who are limited to knowledge about what their specific company provides, we specialize in understanding what all companies offer and can identify who is best suited to meet your unique circumstances and needs.
How does a brokerage operate?
As a brokerage, we take satisfaction in being entirely independent and not captive to any single insurance company. This independence grants us the flexibility to work with a wide range of providers. We hold contracts with all of the top insurance providers in the industry, which enables us to offer a diverse array of their products to meet various client needs. Importantly, you NEVER pay us for our services. Instead, we are compensated directly by the insurance carriers when we successfully match clients with companies whose services meet your unique and exact needs.