What is the difference between insurance brokers and agents?

I hear the terms of insurance brokers and agents. I am not sure about the difference. Shall I work with an agent or a broker?

Insurance agents are usually appointed by one insurance company. They are paid by insurance companies. An insurance broker, however, works with multiple insurance companies. They receive commissions when you purchase policies from one of the companies they work with.

Jason W
Jason W
Answered on Dec. 1, 2021

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