A life insurance wholesaler is an agency that recruits life insurance agents to sell the products of various life insurance companies.
For instance, if you meet with an agent and he shows you rate comparisons of 25 different companies and you choose to apply with one, the agent doesn't need to deal directly with all 25 companies. He will deal with the wholesaler and can offer you the products of all the companies.
You get the lowest rate any of the companies offer. Life insurance companies are required by law to give you the same rate no matter how you apply.
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For instance, if you meet with an agent and he shows you rate comparisons of 25 different companies and you choose to apply with one, the agent doesn't need to deal directly with all 25 companies. He will deal with the wholesaler and can offer you the products of all the companies.
You get the lowest rate any of the companies offer. Life insurance companies are required by law to give you the same rate no matter how you apply.