What is the definition of a person who advises insured individuals for a fee?

The correct definition of a person who advises insured individuals for a fee is a life and disability analyst. This role specifically focuses on providing expert advice to clients about their life and disability insurance needs, often assessing their financial situations and helping them choose the best insurance products to suit their unique requirements.

Life and disability analysts typically have specialized knowledge in the area of insurance planning, allowing them to guide clients through complex insurance options and benefit structures. They prioritize the interests of the client when making recommendations and may carry a fiduciary responsibility to ensure the advice given is in the best interests of the individuals they serve.

While an insurance broker also provides advice and facilitates the purchase of insurance policies, their role is primarily as an intermediary between insurers and clients, rather than being solely focused on providing advisory services for a fee. A solicitor typically refers to someone who holds a professional license to practice law and does not primarily focus on insurance advice. A claims adjuster is responsible for assessing insurance claims and negotiating settlements rather than advising clients on their insurance needs. Each of these roles has distinct functions and purposes within the insurance ecosystem.