Many people question the difference between an Insurance Agent and an Insurance Broker. Here is a brief description of the two:

Insurance agents represent one or more Insurance Companies and work on their employers behalf. When someone is interested in purchasing insurance, the agent primarily obtains quotes on products from the insurance carriers they work for, which is not necessarily the best value or appropriate product for you.
 
Some insurance agents may be able to get quotes from other insurance companies but they are conditioned to sell the products their employer offers. This is not always their fault as some companies hold their agents “captive” by reducing their compensation percentages if they sell other companies’ products. Some agents are under contracts which contain quotas or “employment contract minimums” and may not stay employed if they don’t attain those objectives. Other companies only distribute their products through their own agent network, preventing brokers from comparing their products and prompting interested consumers to obtain product information from one controlled source.

This information is not new; these techniques have been used by companies for decades, creating an atmosphere of stress, doubt and outright frustration for some agents. That’s why, according to insurance and financial industry statistics; nearly 89% of all new professionals choose another career path within the first 5 years. Very few of the 11% of agents who do remain in the industry achieve the level of success they anticipated when they began their careers and fewer still have become major success stories.   

BeamaLife is an Life Insurance Brokerage Firm, our mission is to change the way insurance consumers are treated. Our licensed employees have no ties to any company; we work for you to find the best rates and products available from over 100 companies. We save you the trouble of researching each and every solution available. Our knowledgeable team of professionals understands the various options, riders and savings advantage associated with each type of policy.  

So you decide; do you want your life  insurances choices either term life insurance or whole life insurance to be made for you by someone who doesn’t have a choice themselves? Let BeamaLife help you decide the best solutions for protecting your family, your future and your financial freedom.