In other cases, consumers purchase insurance without the sales pitch or involvement of any insurance agent - thus the rising popularity of internet insurance sites and no commission insurance products. This is a rapidly changing marketplace, and the editor should be concerned with keeping up with and objectively reporting the changes, not perpetuating a personal prejudice. I offer my clients a choice between purchasing traditional commission products and paying a fee for my insurance advice. It took substantial extra state licensing to be able to offer this range of services, but I see this as the ethical thing to do and my clients have expressed gratitude in giving them such choices. The underlying supposition of this article request was that finanical adisers can't justify why they recommend the use of life insurance.
Life insurance is a risk management tool that has it's time and place.
While an agent's desire to earn commissions may be the motivation for many, many sales, that doesn't mean that all insurance purchases are inappropriate. Sometimes, an agent's desire to earn commissions can coincide with a client's very real need to manage risk. In other cases, consumers purchase insurance without the sales pitch or involvement of any insurance agent - thus the rising popularity of internet insurance sites and no commission insurance products. It took substantial extra state licensing to be able to offer this range of services, but I see this as the ethical thing to do and my clients have expressed gratitude in giving them such choices. A Thomson Financial Company.