This means that a person must be licensed by the state to sell and offer advice on the kind of product you’re purchasing before they can legally sell it or advise you on it.2 For example, your home insurance broker or agent might tell you that they don’t sell life insurance or disability insurance. They might be able to direct you to an agent in their network who possesses the appropriate license to sell you insurance.

Note that you may be eligible to “bundle” your insurance and receive a discount for doing so if you are able to purchase multiple types of policies from the same person.