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Who amongst the following facilitates some insurance sales by serving as a consultant on financial matters, primarily to high-income clients?

a) Insurance agent
b) Actuary
c) Financial planner
d) Insurance broker

User MatejC
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1 Answer

3 votes

Final answer:

A financial planner facilitates insurance sales by serving as a consultant on financial matters to high-income clients.

Step-by-step explanation:

The correct answer is c) Financial planner. A financial planner is a professional who helps individuals and families manage their financial goals and make informed decisions about money and investments. They often work with high-income clients and guide on financial matters, including insurance sales. A financial planner primarily serves as a consultant on financial matters, offering advice and guidance on various aspects of personal finance, including insurance. They often work with high-income clients to assess their financial goals, risk tolerance, and overall financial well-being. While insurance agents and brokers also play roles in insurance sales, a financial planner's focus extends beyond insurance and may include investments, retirement planning, and estate planning. An actuary, on the other hand, is a professional who assesses and manages financial risks, often employed by insurance companies to analyze data and set premium rates.

User John Stud
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