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The other way advisors "sell" life insurance is by recommending products sold by a licensed insurance agent. Instead of buying the policy directly from your advisor, you're buying it from another ...
An insurance broker is an intermediary who sells, solicits, or negotiates insurance on behalf of a client for compensation. An insurance broker is distinct from an insurance agent in that a broker typically acts on behalf of a client by negotiating with multiple insurers, while an agent represents one or more specific insurers under a contract.
A financial adviser or financial advisor is a professional who provides financial services to clients based on their financial situation. In many countries, financial advisors must complete specific training and be registered with a regulatory body in order to provide advice.
The term "independent financial adviser" was coined to describe the advisers working independently for their clients rather than representing an insurance company, bank or bancassurer. At the time (1988) the UK government was introducing the polarisation regime which forced advisers to either be tied to a single insurer or product provider or ...
The opposite is true for products that require you to pay interest, like personal loans and credit cards. Fixed rates are beneficial when you need to borrow money and the Fed rate is low.
On the other hand, "positive" test results for adverse selection have been reported in health insurance, [14] long-term care insurance, [15] and annuity markets. [ 16 ] Weak evidence of adverse selection in certain markets suggests that the underwriting process is effective at screening high-risk individuals.
Federal Deposit Insurance Corp. (FDIC) banks and National Credit Union Administration (NCUA) credit unions often offer both CDs and at least one savings account.
Gross Dealer Concession or GDC is the revenue to a brokerage firm when commissioned securities and insurance salespeople sell a product, whether it is an investment like stocks, bonds, or mutual funds, or insurance like life insurance or long term care insurance.