Occasionally someone will tell me that they just don't understand the differences between term, permanent, whole life, universal or indexed life insurance. Throw in annuities, disability insurance, and other financial products being sold out there and even us agents get confused.
As I have mentioned before, there are hundreds, if not thousands, of products from over 1100 companies. My philosophy is that every one of those products has a need somewhere, but for the vast majority of our clients, simple is better.
We want our clients to be as comfortable with a financial product as possible. Whether we are discussing the benefits of a life policy or the fees in a retirement plan, there should be no confusion.
And if someone tells you that a products has "no fees", that implies that the financial institution isn't making any money. Of course, that isn't the case either.
If you have questions about a product, give us a call or drop us a line on our website.
