What You Should Know About Your Insurance Adviser

What You Should Know About Your Insurance Adviser

Information about an insurance adviser can be found at the state’s Department of Insurance in which they are licensed to sell and service insurance. Additional information can be found at the National Association of Insurance Commissioners (NAIC) and the Financial Industry Regulatory Authority (FINRA), if applicable. All the information found of these three sources can give you a better understanding of your adviser’s professional background.

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What Do I Need to Know to Find a Life Insurance Adviser?

What Do I Need to Know to Find a Life Insurance Adviser?

The life insurance industry has changed in recent years. Nowadays, life insurance is less likely to be sold by a “traditional” life insurance agent, and more likely to sold by a financial adviser, financial consultant or financial planner. These types of advisers have expanded their selling and servicing abilities to meet the changing needs of consumers. However, all of these changes have made the process of evaluating an adviser slightly more difficult.

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What’s The Best Way To Choose a Life Insurance Adviser?

What’s The Best Way To Choose a Life Insurance Adviser?

Any adviser selling life insurance and/or annuities must be licensed with their state’s Department of Insurance, which can vary greatly from state-to-state. Contact information for each state’s insurance department can be found here. With insurance departments, the resources and compliance can sometimes be more relaxed in some states than others. An insurance department’s website can be a valuable source of information. On most websites, you can research whether or not an insurance representative is licensed…

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