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5 advantages of using an Insurance Broker

Calgary Insurance broker

Did you know that many Canadians are underinsured?  Families rely on employer provided insurance benefits but these benefits are often inadequate and are directly tied to employment status.  If an income earner loses their job, they also lose access to these benefits.  Supplementing employer provided insurance benefits with personal policies is an easy and cost-effective way to help protect yourself and your loved ones from financial hardship due to disability or death.

CG Hylton Inc. has a team of highly qualified insurance brokers that can help you to determine what type of supplemental insurance is the best fit for your budget and your financial situation.  There are many benefits to using an insurance broker as opposed to purchasing a standard policy directly from a large insurance provider.  Here are the top 5 advantages of using an insurance broker.

  1. Insurance brokers are committed to your best interest.

Insurance brokers are not employed by an insurance company so they don’t have any interest in selling you a particular policy or product.  As independent advisors, they have the flexibility to find the policy that best suits your needs instead of trying to fit you into a standard policy.

  1. Insurance brokers get to know you and your financial situation.

Before they recommend a product, a great insurance broker will sit down with you to review your financial situation, goals, future needs, and your budget.  After the insurance broker has this information, they will then find the best policy to meet your needs.

  1. Insurance brokers are licensed and highly educated

In order to sell insurance products independently, brokers must complete required courses and obtain their license.  These requirements help brokers to remain up to date on products, industry regulations, and also holds them accountable to a strict code of ethics and conduct.

  1. Insurance brokers can secure special pricing.

Many people wrongly assume that insurance companies offer consumers the best premium rates possible.  This isn’t always true.  Insurance brokers can often secure better rates.  This is because the insurance companies trust the skill and education of insurance brokers.  They know that the brokers have chosen the best possible product for their client and that can actually minimize unnecessary claim costs.

  1. Insurance brokers provide unparalleled personal service.

When you use an insurance broker, as opposed to a call-centre agent, you get someone who knows your name and is familiar with your personal situation.  As your broker gets to know you and your family, they are able to forecast how your insurance requirements might change over time and can recommend products or policies that will continue to meet your financial needs and goals.

CG Hylton Inc. has been a Calgary-based insurance broker for over 20 years.  During that time, we have helped countless people reach their financial goals and protect their families from undue financial hardship caused by disability or death.  Contact us today for a free no-obligation consultation and find out how we benefit you!

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