Finder is committed to editorial independence. While we receive compensation when you click links to partners, they do not influence our content.
If you’re not too familiar with life insurance, working with an advisor can streamline the process and help you to find the right policy. With their expertise and industry experience, they’ll be able to recommend a policy tailored to your unique needs — but there may be fees involved.
Think of a life insurance advisor as a broker. They have a deep knowledge about multiple insurance companies, so they can sift through the options to pair you with the best provider for your needs.
A life insurance agent typically works for one insurer, and their job is to sell products from that one company. While an agent might only be concerned with earning commission by selling the most expensive product, an advisor is more likely to look at your situation in a holistic way. It might be helpful to think of an agent as a salesperson and an advisor as a counselor.
A fiduciary advisor is obligated to put their clients’ best interests above their own. Fiduciaries pledge to act in good faith, and cannot use a clients’ financial assets to directly benefit themselves.
If you’re looking for a financial advisor, opt for a fiduciary if possible — these individuals tend to be more transparent, because they are bound by fiduciary duty to make the best recommendations for you.
While a life insurance advisor can make the process of buying life insurance easier, look out for these red flags:
Each plan should be tailored towards your financial situation is the first step in finding the right policy. So going into a meeting with a life insurance adviser with a rough idea of what you’re looking for is always a good idea. Adding up your debt, cost of income replacement, and major upcoming expenses is the first step towards calculating how much of a benefit to leave behind.
If you’re on the search for life insurance advice, an independent advisor is your best bet at bias-free guidance. But if you’re looking to dip a toe in on your own, compare life insurance providers to see what’s out there.
Get a line of credit with low closing costs — but you can’t apply online.
From your marketing strategy to financing and insurance, we’ll walk you through how to start a career behind the lens.
Features and feedback to consider before you sign up for Vanguard Digital Advisor.
Take control of your money stress by learning to prioritise and plan your financial goals.
Access an intuitive app, wide coverage and few exclusions when Waffle’s car insurance drops in late July.
What you need to know to start building your retirement nest egg.
Pros, cons and features to consider before you sign up with FutureAdvisor.
A final expense life insurance policy may be your best option in your 70s, especially if you have prior health problems.
Fast-track your child’s financial literacy by learning how to teach your kids about money.
This insurance shopping tool compares 100+ companies and prefills your quote forms.
