by Richard F. O’Boyle, Jr., MBA, LUTCF
The process of working with a life insurance agent or financial advisor should not be stressful, although frequently it is. I have spent many hours with nervous couples who were so anxious about being “sold” something they didn’t really need or understand that they couldn’t focus on the constructive task before them. This is largely because insurance agents and financial advisors have the reputation of being commission-hungry sharks.
When you entrust the management of your retirement nest egg or your family’s life insurance safety net to a professional, you should walk away with a peace of mind that you are putting your finances on the right track. A good agent is not only knowledgeable about the technical aspects of planning, but also can “consult” with you to learn exactly who you are and what you need.
Read the complete article...
I think another reason why working with an advisor is that clients are overwhelmed by a lot of choices due to lack of knowledge about insurance. Other thing is that they worry that they might get scammed by the agent. I advise people to do their responsibility first of educating themselves about the type of insurance they are prospecting to buy. They can also request for free insurance quotes that they can get online like http://www.fpsinsurance.com/quotes/, so that they will have an idea how much life insurance policies cost in different company providers. Having knowledge will help people to get the the right choice of life insurance policy without being overwhelmed or taken advantaged by insurance agents.
ReplyDelete