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Choosing a Local Insurance Agent A local agent will be able to provide personalized advice, help you navigate complicated insurance policies, and provide you with peace of mind that your person or business is adequately covered in the event of an accident or disaster.
Insurance agents are salespeople for insurance providers. Their role is to help find insurance customers and to help those customers find the right types of coverage for their needs.
Annuity Free Look Periods by State StateFree Look Period RequirementsOregon30 days for replacement policiesPennsylvania10 daysRhode Island20 daysSouth Carolina10 days standard; 20 days if you need a replacement; 30 days if you're solicited and accept the policy46 more rows
The most important rules that may apply in your case are: No legally mandated ?free look? period. Most Oregon insurance companies will give customers a reasonable period ? anywhere from seven to 30 days ? to change their minds after obtaining life insurance.
Insurance agents work with a specific company, or companies, and can offer products from the providers they represent. Agents typically get paid on commission, though sometimes they also receive a salary. And an agent can also have access to specific products not available to insurance brokers.
The Division of Financial Regulation protects consumers and regulates insurance, depository institutions, trust companies, securities, and consumer financial products and services. It is part of the Department of Consumer and Business Services, Oregon's largest consumer protection agency.
Independent agents work with a variety of insurance companies to get you the best coverage at the lowest prices. An independent insurance agent has access to many markets to provide you with the policies you need. This access to choices can mean lower rates, less restrictive policies, and better coverage.
One of the main disadvantages of working with a broker is that you might have to pay a fee or a commission for their services, which can increase the cost of your insurance. A broker might also have limited access to some insurers or policies that are not part of their network or affiliation.