When you purchase insurance you have to go via a middle man called a broker. Usually, that broker comes in the form of a financial advisor authorized to sell a particular company’s insurance products. The broker gets a commission for whatever they manage to sell you. Hence the broker is incentivized to sell you as many products as possible to maximize commissions. That’s why it’s important that you fully research and understand what you’re considering buying, whether it is appropriate for you, and how much it will cost over your…
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