5 Insider Tips on Finding the Right Insurance Agent/Financial Advisor For You

Having a life insurance is important to all, although many don’t realize that fact until it’s too late.  But before getting one you need to choose the right insurance agent/financial advisor for you.

This is more than a person who sells a policy, she is also the one you will need to contact if you necessitate to change anything or claim on your insurance.

That’s why it is vital to choose the one who you think you can tolerate to see again and again.  And should really provide the great service you will need.

Below are the qualities you might need to consider in choosing the right insurance agent for you.

 

P- PROFESSIONALISM

• Does she act like a professional?

  • A good agent demonstrates professionalism by being on time, wearing proper attire and showing proper decorum while meeting you.

R- RESPONSIBLE

• Is she responsible enough to educate herself beyond the basics.  Is she serious about professional growth?

  • Ask about her education and training.  Some even undergo several trainings, seminars and Masterals like: Registered Financial Consultant (RFC), Registered Financial Planner (RFP).  These additional trainings and further studies will indicate that the agent has completed advanced training, passed rigorous exams and is serious about professional development.

 

I-INTEGRITY

• Does she practice what she advocates?  Does she own one of those things she offers to you?

  • A great agent “walks the talk”.  She, herself, is financially educated and updated and definitely should not be financially in trouble herself.  She should own what she is offering you.  She should know the benefits of having one and she wants it for herself and her family.

D-DELIVERS REAL VALUE

• Does she put your interest first before her own?

  • Good agents will take the time to listen and ask questions about your objectives, help construct a basic game plan, and work with you to find the right insurance solutions for your needs and budget.

  • Is her after-sales-service good?  Does she genuinely care about you and your policy, even after you are fully paid?

    • A good agent, whether she hires staff or not, should provide a good after sale service.

E -  ETHICAL

• Does she put down other companies, just to make the company she represents look good? - Unethical

• Does she offers part of her commission/salary when you get a policy from her?- Unethical

• Is she a member of any professional membership?

  • An agent who is a member of professional affiliations like: Life Underwriters Association of the Philippines (LUAP), PIFAAF, the Million Dollar Round Table (MDRT), means they adhere to a rigorous code of ethics and are dedicated to enhancing their skills and cognition.

Always remember, your relationship with your insurance agent is like marriage.  Till death do you part.  So be very careful in choosing one. It will be difficult to get annulment later on.  If you want to know how much life insurance you REALLY need, read here