Have you ever asked yourself what exactly is a life insurance company and what sets it apart from a life insurance company? All the time, right?
Simply put, a life insurance agency is like a store. The agency sells the policy. The agency provides the service. The agency provides its policyholders and clients with life insurance agents who can help when you have questions about coverage options, need help or want to discuss your insurance or coverage.
A life insurance company is what makes the product – the insurance policy – that you buy in the store. Another term would be the insurer. Brass thank you, the insurance company is where your money goes when you buy the insurance or insurance products, and where your money comes from when the insurance pays out for a death benefit. Your life insurance is written on the company's paper (which is why it is always important to familiarize yourself with third-party ratings for all insurers you are considering applying for insurance with). ) work with several companies, similar to how a store or department store can wear clothes from different brands. But other agencies are considered prison agencies, which means that they work exclusively with an insurance company.
For example, Haven Life is a captive agency, as it is supported and wholly owned by MassMutual. This is different from some other start-ups in online life insurance, and it is an important difference. Haven Life is owned by MassMutual and offers the Haven Term policy, which is issued by MassMutual ̵
An online agency like Haven Life can give you the best of both worlds. An autonomous option that you can use anywhere, anytime, and from any device? Check. The reliability that comes from buying a MassMutual policy? Check. Finding the right mix of agency and business can help you get coverage in a simple, safe and reliable way.
So that explains it. If only someone would explain once and for all if a sausage is considered a sandwich …
About Louis Wilson
Louis Wilson is a freelance writer whose work has appeared in a wide range of publications, both online and in print. He often writes about travel, sports, popular culture, men's fashion and grooming and more. He lives in Austin, Texas, where he has developed an unlimited passion for breakfast tacos, with his wife and two children.
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