Bonus Insurance Tip: The best kept secret in the industry


This post is part of a series where personal finance expert Dan Solin provides 10 insurance tips no one else will tell you. See all 10, plus one bonus tip!

What if you had an uncle who was an expert in all aspects of the insurance business? He was retired and no longer sold any products.

What a great resource! He could sift through all of the confusing presentations and illustrations and tell you which policy was best for you.

Here is the next best option. Consider using a fee-only life insurance advisor. They are the best kept secret in the insurance industry.

These advisors receive compensation only from their clients. They will agree in writing to accept fiduciary responsibility (unlike your agent -- see tip #1) and will act solely in your best interest.