Expert Q&A

Can a financial advisor assist with life, disability, long term care and other any other type of insurance product I may be interested in?


Related Topics: Financial Planning, Life and Disability Insurance, Retirement Planning
Related Tags: Financial Advisor, Life Insurance, Disability Insurance, Long-term Care Insurance
David Tirpak, CLTC, CASLĀ®
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By David Tirpak, CLTC, CASLĀ® - The Tirpak Agency
Answered 4 months ago

“Financial Advisor” can be a pretty vague term. Is a “Financial Advisor” an accountant who also provides some advice or is he or she a licensed professional? To ADVISE on insurance products, one must have the appropriate state licenses.To ASSIST, could simply mean pointing someone in the right direction and/or to the right professional. I am an insurance professional. If my clients have tax questions, I can assist by referring them to my accountant. If my clients have legal questions, I can assist by referring them to my lawyer. My accountant and my lawyer assist their clients by referring life and health insurance questions to me.With all three of these fields, partly because of their complexity, it simply is unacceptable for a true professional to advise about an area they are not properly licensed and trained.

Douglas Bragg
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Answered over 1 year ago

Most financial advisors have a good working knowledge of Long Term Care, life and disability income products.

Finding the one with in depth knowledge is important

David  I. Strunc, CRPC
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By David I. Strunc, CRPC - Sunrise Wealth Advisors, Inc.
Answered about 3 years ago

Yes, if the advisor has the proper licenses in the state you live in to conduct life, heath, and var annuity along with their series 7 for stocks and series 6, 63, or 66 to offer consulting and fee based advice.

William A. Mack
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By William A. Mack - Wealth Advisory & Management Corporation of America
Answered over 3 years ago

Yes. That is of course, depending on their accreditations, licenses, and specialties.

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