Who Is A Life Insurance Broker?

Kess

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A life insurance broker is a dedicated person that encourages and listens to the needs and wants of a person looking for a life insurance. It doesn't matter what type of life insurance you are looking for, whole or term life.
 

Benet

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A life insurance broker is a person who works for an insurance agency or company and sells life insurance policies to clients. They can sell term insurance, whole life insurance and variable universal life policies, as well as other types of policies that are available through the industry.

Life insurance brokers are also known as “life agents” and they are licensed by the state in which they operate. They must obtain a license and complete several courses, including ethics training, before being allowed to sell life insurance policies.

Life insurance brokers are employed by life insurance companies. Most states require life insurance agents to be licensed, so they can legally sell life insurance. They work on commission and earn anywhere between 7 and 20 percent of the policy's face value. The average salary for a Life Insurance Broker is $40,000 per year.
 
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