As part of the coverage couple’s FAQ series, we’ll be answering the question “Does it cost more to purchase insurance protection, annuities, or investment products through a broker, agent, specialist, or advisor like The Coverage Couple”?
Does it cost more to purchase insurance protection through the coverage couple”
We could sum this question up with a one word answer, NO… but as usual we like to share more detail to fill the void of knowledge for your benefit. In the same exact way a real estate agent receives a share of a property’s sale, a lawyer receives a share of court ordered damages, or a doctor receives a share from selling drugs, insurance and investment advisors receive a share of your policy contribution. Whether or not you leverage the experience, education, and expertise of licensed advisors and brokers (like thecoveragecouple.com) to help you navigate the confusing terrain of life insurance, your cost will NEVER change for the worse by a single cent.
In fact, I can’t overstate this enough, but the likelihood is you’ll ACTUALLY over-pay for a policy you secured either on your own, or through a captive carrier or agent (whose job is to convince you the one product they have is magically the best product for you). What that means is that you’ll be sending excessive amounts of your limited money to a carrier every month, adding up to outrageous amounts over the years, as a result of not using the broker benefits enjoyed when you’re given multiple choices side-by-side.
For example, if you were to get in touch with one of the captive companies, ones like Nationwide, State Farm, Allstate, Farmers, Progressive and so on, you’d have your options reduced from a TON to ONE. In today’s world of over-regulation and red tape, captive insurers are somehow able to freely operate, convincing their customers they have the solution for their life insurance or investment needs.
The fact they only have their own singular product offering literally means it can’t be right for everyone, because everyone’s not the same. Also, both historic and current market research has always proven one statistical fact: Those captive carrier prices are hyper-inflated, plain and simple. They’re also curiously all within a narrow cost-margin of each other. It’s almost as if they’re competing with each other rather than competing on the open market in the customer’s best interest.
Hmm, who’s paying for all those super bowl ads, nascar stickers, stadium names, and celebrity endorsements? THEIR CUSTOMERS ARE. The point is when you align yourself with a licensed expert (we happen to know a couple we could refer you to) you not only get the advantage of variety — and therefore significant savings — but even more importantly you get the advantage of ADVICE. This is the invaluable aspect of securing sensible solutions under the guidance from a seasoned “couple” of advisors who know the ins and outs of the industry.
We commit to conducting deep investigative research for you, and would like for you to reserve time with us, without any cost or obligation. We’ll carefully listen, and then follow up with a proven, practical, custom proposal for your review. HERE is our official invitation to take part in The Coverage Couple Challenge, where EVERYONE WINS. Visit the Scheduling Page at thecoveragecouple.com to see how much we can save you on your existing coverage, or provide a financial risk assessment and needs analysis for your review if you’re unprotected and univested. We hope to hear from you soon, because your life is worth the investment! – Aaron & Sarah, The Coverage Couple