Which statement regarding an insurance broker is true?

An insurance broker is an individual who represents the interests of clients rather than an insurance company. Brokers work with multiple insurance carriers to find the best policies that suit their clients' needs. This ability to represent more than one insurer allows brokers to compare different insurance products and offer a wider range of options to their clients. This contrasts with agents who may be tied to one specific company and thus can only offer products from that insurer.

The other statements do not accurately describe the role of an insurance broker. For instance, representing a single insurance company exclusively pertains to agents, not brokers. Additionally, brokers do not exclusively sell life insurance; they can facilitate various types of insurance such as health, auto, or property. While some brokers may offer financial advice as part of their service, their primary role is not acting as financial advisors; their main responsibility is to help clients navigate the insurance market and find suitable coverage options.