No. We believe that insurance agents have a fiduciary obligation to the insurance company that they work for. Whenever any advisor who’s licensed to sell insurance recommends an insurance policy, they take their fiduciary hat off and put their insurance agent hat on.
What that means to you is, legally, they’re not acting as a fiduciary anymore.
We at Progress Wealth Management believe that no advisor should be an insurance agent or sell products because who trusts commissioned salesman to look out for you and your best interests? If there’s a better product, most commissioned salesmen hope you don’t find out about it. That’s not the financial advisor most people want to hire.
The trust we all maintain with our advisors is essential to ensuring that we get the proper guidance to help us more easily reach our financial goals and retire comfortably.