What is the advantage of using an insurance agent/broker?
The advantage of using an insurance agent/broker is the ability to build a relationship with a licensed professional on your team that has your best interest in mind and to help you achieve your financial goals.
What is the difference between an insurance broker and an insurance agent?
Both insurance brokers and insurance agents are licensed to sell insurance products (health, life). Insurance brokers are typically non captive agents where they own their own finance company and offer a variety of products and services from different insurance carriers, whereas an insurance agent typically is captive selling products and services from one insurance carrier.
Why is financial planning more important for women?
Women are mothers, caregivers, providers, and in some households the breadwinners. Women have so many people depending on them, therefore if no longer able to provide in the physical form financial planning ensures that mom protects home no matter what.
At what net worth should I get a financial advisor?
Any net worth can benefit from working with a financial advisor. Financial advisors specialize in a variety of subjects, so finding a financial advisor that meet your needs and budget if applicable.
What is the main purpose of financial planning?
The main purpose of financial planning is to plan for the unforeseen life circumstances and protect you and your family’s wealth and legacy.
What are the disadvantages of financial planning?
The disadvantage of financial planning is not implementing a financial plan to protect you and your family’s assets and future. Another disadvantage of financial planning is doing it alone without assistance from a financial advisor.
How much do insurance brokers/insurance agents charge?
Depending on the state, insurance brokers and agents can charge for duties such as consultation fees to meet with potential clients. Insurance agents are paid commissions by the insurance carrier/company. Speak Gen Wealth offers free financial consultations and do not charge clients for services; clients pay their premiums directly to the insurance carrier/company.
What percentage of insurance premiums go to the agent?
Insurance premiums are paid directly to your policy. Insurance agents are paid on a commission basis by the insurance carrier/company.
Do Speak Gen Wealth work with men?
Yes!
