An insurance agent's main job is to sell you an insurance policy, not necessarily give comprehensive financial advice. A financial advisor who's also a licensed insurance agent, on the other hand, can do both.

A financial advisor who sells life insurance can earn a large initial commission based on the first year's premium and 3% to 5% annual commissions for as long as the policy remains in effect.

Financial advisors provide other individuals with consulting and advice regarding their finances. They work with their clients in reaching their goals by creating plans that may allow the individual to create more wealth, reduce expenses, or eliminate debts.

Insurance advisors are knowledgeable about various insurance products and policies, such as life insurance, health insurance, motor insurance, home insurance, and others. They guide their clients in choosing the most suitable insurance policy based on their specific needs, financial situation, and risk tolerance.