A life insurance broker is commonly referred to as a "Life Insurance Broker

 A life insurance broker is a professional who acts as an intermediary between individuals or businesses seeking life insurance coverage and insurance companies. They help clients understand their insurance needs, recommend suitable policies, and assist with the application and underwriting process. Life insurance brokers work independently or as part of brokerage firms, and they have expertise in various types of life insurance products.

Here are some key roles and responsibilities of a life insurance broker:

Assessing client needs: Life insurance brokers meet with clients to determine their financial goals, obligations, and family circumstances. Based on this information, they evaluate the client's life insurance requirements and recommend appropriate coverage options.

Researching insurance products: Brokers have extensive knowledge of different life insurance policies offered by multiple insurance companies. They research and compare policies to find the most suitable options for their clients, considering factors such as coverage, benefits, premiums, and policy terms.

Providing professional advice: Brokers educate clients about the different types of life insurance, such as term life, whole life, universal life, and variable life. They explain the features, benefits, and drawbacks of each policy and help clients make informed decisions based on their unique needs.

Presenting quotes and proposals: Once the broker identifies suitable policies, they present clients with quotes and policy proposals from multiple insurance providers. They explain the terms and conditions, coverage details, premium payments, and any other relevant information.

Assisting with applications and underwriting: Brokers assist clients with completing the necessary paperwork and application forms accurately. They may also help gather medical records or other required documentation. Additionally, brokers communicate with underwriters on behalf of clients to ensure a smooth and efficient underwriting process.

Ongoing client support: Brokers provide ongoing assistance to their clients throughout the policy duration. They address any inquiries, help with policy modifications or changes, and assist with the claims process if the need arises.

It's important to note that life insurance brokers work on a commission basis, receiving a percentage of the premiums paid by the client. This means their income is typically tied to the policies they sell. Brokers have a fiduciary duty to act in the best interests of their clients and provide unbiased advice.

When looking for a life insurance broker, it's recommended to choose Venture First Advisory  who is licensed, experienced, and has a good reputation.