Can I Switch My Life Insurance Broker?
Posted December 17, 2009 – 10:17 am in: structured settlements FAQI have life insurance through Northwestern Mutual. I like the insurance, but I’m not too fond of my broker. Can I buy more Northwestern Mutual life insurance through a different broker (can I start a new policy through a different Northwestern broker)? What I mean is I would like to keep what I have with Broker A and buy more life insurance with Broker B? Both of them work for Northwestern Mutual. Am I obligated to continue to purchase insurance through Broker A because they both work for Northwestern? I hope I am being clear. Thanks.
Tags: Broker, Insurance, Life, Switch
4 Comments
lifeinsurance.awardspace.info – try this one. I have their insurance and, as remember, they can provide such a service.
You can ask for another agent. Just call a different agency or if there is no other near you. Call and ask for the Manager and ask for a different agent. It’s your call. You may also want to diversify to another quality mutual company like Northwestern. Try Guardian Life, also a very old mutual company (owned by the policyholders) and was recently upgraded by two financial rating agencies (Standard&Poor’s and A.M. Best) amazing in this financial environment.
Yes, unless you signed some kind of exclusivity contract with him or something of that nature. You can be served by multiple agents at the same company.
Now Broker B might have some restrictions placed upon him by the company that prevents him from selling to a client of another broker from the company. That would be broker B’s responsibility.
There is no absolutely right answer for your question.Nonetheless,explorer the information here http://www.InsuranceFreeTip.info/insurance-for-free.htm might give you some ideas.HOpe it helps.