Insurance

What is a Broker?

Broker

[broh-ker]

noun

1.

Insurance Brokers are individuals who gather insurance quotes on behalf of a purchaser. They are different from Agents, in that Agents represent the company selling the insurance, while Brokers represent the party buying insurance. Brokers can be either retail or wholesale. Retail Brokers are those that interact directly with insurance buyers.

Have A Question About This Topic?

Related Content

5 Times When an Annuity Might Be Right For You

Dive in deep to learn about the various types of annuities, how they work, and when they might be right for you.

Safeguard Your Digital Estate

If you died, what would happen to your email archives, social profiles and online accounts?

The Half Million Dollar Baby

The true cost of raising a child may be far more than you expect.