This investment account can be either an interest bearing account or a stocks and bonds investment account. Young families with large financial obligations are usually better off with term insurance. The substantially lower premiums enable them to purchase sufficient coverage to protect against loss of income. Whole life is sometimes purchased by people for tax and estate planning purposes. You should consult with your financial advisor.
Some companies use captive agents, who can only represent that one company.
These agents can help you select from a variety of products and companies to tailor a plan. The premium is set by the company, and it cannot be changed by the agent. The price you pay for a given product will be the same no matter where you buy it. Price shopping for an agent will not help you to find a lower price. On the other hand, shopping for a company , using an independent agent with access to our database, will help you find the best deal for which you qualify .