How to Find a Life Insurance Advisor (2024)

Buying the perfect life insurance policy can be difficult, and you may wonder how life insurance works. Fortunately, you can find a life insurance advisor to assist you as you filter through your options to determine which works best.

You can find a life insurance advisor online, but it’s important to consider your options for how to find a life insurance advisor before choosing an agent.

Reputable life insurance advisors will have credentials like an advisor license and should not have many complaints from past or current life insurance policyholders. Meet with multiple life insurance advisors to find the one that best suits your needs.

The Role of a Life Insurance Advisor

Life insurance advisors specialize in assisting potential policyholders with the subtle details of life insurance policies. If you wonder whether life insurance is worth it or not, an agent can help you make that decision. 

Whether you’re an informed client or don’t know much about your life insurance options, a credible life insurance advisor can help you find the best life insurance companies for yourself and your beneficiaries.

Life insurance advisors can also help you determine whether you can buy life insurance for someone else in your family. 

Your life insurance quotes are always free.

 Secured with SHA-256 Encryption

Tips for Finding a Reputable Life Insurance Advisor

You may feel overwhelmed when choosing the right life insurance advisor for your unique needs. Fortunately, there are a few things you can consider to ensure you find the best agent in your area:

• Referrals: Ask family members and friends if they have a life insurance advisor they recommend.
• Types of agents: Captive life insurance agents represent one company, while independent life insurance agents represent multiple companies. Determine which agent would be most helpful for your needs.
• Experience: Ideally, you should look for an agent who has been in the business for at least three to five years.
• Expertise: Find an agent that’s familiar with your situation and can recommend options and coverages that would meet your needs.
• Credentials: You should only consider life insurance agents with a license to practice in your state. 
• Complaints: Research any advisor you’re considering to ensure they do not have numerous customer complaints online. 

Finding a life insurance advisor does not have to be difficult, but you should take your time to ensure you find the best option.

Understanding Life Insurance Advisor Credentials

When reviewing a life insurance agent’s credentials, there are two options for licensing to become an independent insurance agent: professional and rogue.

Professional designations for a life insurance advisor typically include education and testing. Professional designations — like one with Chartered Life Underwriter (CLU) — typically indicate the individual takes life insurance and professional development seriously.

A rogue designation is one that anyone can purchase. Agents with rogue designations need only attend a short seminar or pass a simple online course. In general, it’s better to pursue a life insurance agent with a professional designation. 

Questions to Ask a Life Insurance Advisor

When considering a life insurance agent, you may want to ask the following questions:

• Do you represent multiple life insurance companies?
• How do you handle medical issues?
• How do you know what would work best for me?
• How do you stay informed on life insurance topics?
• What is your code of ethics?

The agent’s answers to these questions may help you determine whether they would fit your life insurance needs. However, if an agent does not understand life insurance terms and definitions as they should, it’s a good idea to seek assistance from another individual. 

Your life insurance quotes are always free.

 Secured with SHA-256 Encryption

Things to Consider When Choosing a Life Insurance Advisor

You want to ensure any life insurance agent you consider understands your needs and can recommend the best possible policy for you and your family. For example, you may want to consider life insurance for children if you’re a parent. 

You can research life insurance policies to learn more about your options. For example, a term life insurance policy may work best for younger couples or people just starting their life insurance journey. 

Term Life Insurance Monthly Rates by Age Coverage Amounts

Age	Monthly Rates for $100,000 Policy	Monthly Rates for $250,000 Policy	Monthly Rates for $500,000 Policy
25 Years Old	$11	$13	$21
30 Years Old	$11	$14	$22
35 Years Old	$11	$14	$22
40 Years Old	$12	$17	$26
45 Years Old	$14	$21	$34
50 Years Old	$18	$29	$50
55 Years Old	$23	$39	$70
60 Years Old	$32	$61	$87
65 Years Old	$44	$92	$178

Term Life Insurance vs. Whole Life Insurance

Term life insurance offers coverage for a specific amount of time. Typical term life insurance policies are available from 10 to 30 years, though some options may differ.

On the other hand, whole life insurance offers coverage throughout a person’s lifetime. In addition, many whole life policies offer a cash value component that policyholders can use if financial needs arise.

Therefore, when you consider how to buy life insurance policies, the monthly or annual rates associated with a term or whole life policy are important. 

Term Life vs. Whole Life: Average Monthly Premiums for $100,000 Policies by Age

Age	Term Life Policy	Whole Life Policy
25	$11	$89
30	$11	$103
35	$11	$121
40	$12	$143
45	$14	$173
50	$18	$213
55	$23	$269
60	$32	$355
65	$44	$475

The cost is one of the most significant differences between term and whole life insurance policies. However, term life insurance is often much less expensive than whole life insurance. If you know you have a specific budget for life insurance coverage, find a life insurance agent to help you get the most for your money. 

Case Studies: How to Find a Life Insurance Advisor

Case Study 1: Jennifer’s Customized Policy with the Help of an Advisor

Jennifer, a 40-year-old married woman with two children, was unsure about the type and amount of life insurance coverage she needed. She wanted to protect her family’s financial future but didn’t know where to start.

Jennifer decided to seek the assistance of a life insurance advisor to guide her through the process. The advisor analyzed Jennifer’s financial situation, assessed her needs, and recommended a customized policy that balanced affordability and comprehensive coverage.

Case Study 2: John’s Savings with the Right Advisor

John, a 35-year-old single individual, recognized the importance of having life insurance to protect his loved ones in the event of his untimely passing. However, he had a limited budget and wanted to find an affordable policy.

John consulted a life insurance advisor who helped him navigate through various options and compare quotes from multiple insurance companies. With the advisor’s guidance, John was able to find a cost-effective term life insurance policy that met his coverage needs without straining his finances.

Case Study 3: Sarah’s Peace of Mind through Professional Advice

Sarah, a 50-year-old business owner, had accumulated substantial assets over the years and wanted to ensure that her estate would be protected and passed down to her children. She sought the expertise of a life insurance advisor who specialized in estate planning.

The advisor helped Sarah understand the benefits of whole life insurance and how it could provide her with lifelong coverage and build cash value. With the advisor’s assistance, Sarah created a comprehensive life insurance plan that aligned with her estate planning goals.

Your life insurance quotes are always free.

 Secured with SHA-256 Encryption

Everything You Need to Know on Finding a Life Insurance Advisor

Sometimes what life insurance companies don’t tell you is how many options you have, but a life insurance advisor can help. As you search “how do I find a life insurance agent?”, you’ll learn which individuals take their jobs more seriously.

Any advisor who refuses to answer questions or has limited knowledge of certain life insurance topics is probably not the best option. Life insurance advisors should have extensive knowledge of life insurance riders and other details. 

The cost of life insurance advisors varies, so you should ask specifically about cost and expectations before you move forward with any agent. Start by searching “life insurance advisor near me”. If you don’t find an advisor close by that you like, branch out to consider additional agents. 

Your life insurance quotes are always free.

 Secured with SHA-256 Encryption