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Questions to ask an insurance consultant:

  • Are you required to recommend a particular company's insurance policies?
  • Do you work for a company who pays you higher compensation for recommending their proprietary products?
  • How many companies do you represent?
  • What is the rating of those companies? Rating agencies include AM Best, Standard & Poors, and Weiss?
  • Can you provide a breakdown and the percentage of your business that comes from insurance commissions?
  • Can you provide a breakdown of what percentage of your insurance income comes from the various lines of insurance, e.g.--life, disability, long term care, health insurance, auto, home, and annuities?

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