What is the role of a life insurance agent?

The role of a life insurance agent primarily involves selling and servicing insurance policies. Agents act as the intermediary between the insurance company and the client, helping individuals understand their insurance needs and guiding them in selecting the best policy to meet those needs. They are responsible for explaining policy details, answering questions, and assisting clients through the application process. Additionally, life insurance agents provide ongoing support by helping clients with policy changes, addressing claims, and ensuring that clients remain satisfied with their coverage.

In contrast, owning the policy pertains to the policyholder rather than the agent. Underwriting the policy involves assessing risk and determining the terms of coverage, which is typically the responsibility of underwriters within the insurance company, rather than the agent. Similarly, determining premium rates is a function related to pricing and actuarial analysis conducted by the insurance company, not the agent's role. Thus, selling and servicing insurance policies accurately captures the essential functions of a life insurance agent.