An individual who advises persons about their insurance or annuity contracts is called what?

The term that accurately describes an individual who advises persons about their insurance or annuity contracts is "consultant." Consultants typically provide expert advice and guidance on various topics, including insurance and annuity products, helping clients understand their options and make informed decisions based on their needs and financial goals.

In the context of insurance, a consultant often analyzes different policies and contracts, offering insights on how they fit the client's situation, which is essential during the decision-making process. Unlike other roles such as adjusters, who focus on evaluating and settling claims, or agents, who have a more direct relationship with selling insurance products, consultants provide a broader perspective that can include strategy and planning instead of solely transactional tasks. This role is crucial for individuals looking for tailored advice beyond the standard offerings, enhancing the client’s understanding of their insurance needs.