Selling life insurance

What to Know About Selling Your Life Insurance Policy

You’ve probably seen the TV commercial with the older couple talking about how happy they are after getting cash from selling their life insurance policy. If you’re in your 60s or 70s, should you sell your life insurance policy for quick cash, too? The answer: possibly. But it depends on the kind of life insurance you have, why you bought it and how old you are. If you bought a policy years ago and still want your loved ones to receive a death benefit, you’ll want to continue paying the premiums. But if you bought it because you had young children and a spouse dependent on your employment income and wanted the peace of mind that they’d be OK financially if you died, you may no longer need...

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Insurance Sample Post: Why Selling Life Insurance Is A Win-Win, Verblio

The company behind this 1,504-word sample post is intended to be an insurance company with the specific objective of recruiting life insurance agents through thought leadership content. This article isn’t meant to be a hard sell, but instead openly shares the advantages and disadvantages of selling life insurance. The post’s author is Lauren B., who is suited to discuss this topic because she has life insurance and is a firm believer in the product, and further, the audience this fictional company is targeting are millennials looking for a rewarding career. Being a millennial herself, Lauren can easily occupy the mindspace of the fictional client’s intended audience. So,...

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Selling Life Insurance? Why Back-To-Basics Could Give You A Sales Boost

Have you ever noticed that any idea your prospect/client has is a good one? If that is true, let me show you a simple way to make the toughest part of any life insurance sale (the amount of coverage) their number, not yours! I will share a few questions and an easy fact finder with you to have your prospects own their number and help you close more life cases! If your prospect has existing life insurance, here is the positioning: “When you purchased your coverage, how did you arrive on the amount of death benefit you have?” “What process did you use? ” (after the blank stare, and a moment of silence you move on to the next question) “ Please share with me your written game plan that your...

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Bancassurance - Wikipedia

Bancassurance that is aimed at offering insurance products or insurance benefits to the bank's customers. In this partnership, bank staff and tellers become the point of sale and point of contact for the customer. Bank staff are advised and supported by the insurance company through wholesale product information, marketing campaigns and sales training. The bank and the insurance company share the commission. Insurance policies are processed and administered by the insurance company. This partnership arrangement can be profitable for both companies. Banks can earn additional revenue by selling the insurance products, while insurance companies are able to expand their customer base without...

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Selling life insurance to millennials - The Financial Express

Millennials are going to drive the industry growth, along with digitisation and a data economy India’s youth population (15-29 years) is going to cross 45 crore by 2020. Besides understanding the importance of millennials in our economy, it is equally important to understand their behavioural aspects which are significantly different from earlier generations. For millennials, immediate needs take precedence over saving for a secure future. These behavioural attributes expose them to greater financial risks in case of any unforeseen eventuality. The widespread use of credit or easy access to loans to acquire bigger assets like house, car, etc accentuates risks. In most cases, the realisation...

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Co-op to stop selling life insurance after 125 years, Business, The Guardian

Some 125 years after selling its first life insurance product, the Co-operative is to pull out of the business, axing 750 sales experts. In a move that infuriated the union Unite, Co-op is to copy the model used by Britannia, with which it merged in 2009, to use French insurer Axa to provide its insurance products in future. At the same, the Co-op is in talks to sell its £15bn life insurance fund and its Co-operative Asset Management arm to Royal London. The announcements were made on Friday by Co-operative Financial Services, the financial services arm of the Co-operative group. David Fleming, Unite national officer, said: "Unite has expressed to Co-operative Financial Services (CFS)...

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Selling life insurance a great career option

Selling life insurance a great career option 1 min read . Updated: 12 Aug 2007, 08:58 PM IST On Insurance | Chander Chellani Selling life insurance a great career option The insurance business in India isn’t just growing, but also becoming more sophisticated in terms of product offerings. To help readers keep ahead of developments in this business, Mint features a Q&A on insurance every Monday. I am a 22-year-old graduate. I am very keen to work as a sales professional in the life insurance industry. What do I need to remember to succeed? Careers in the life insurance industry have become really rewarding and challenging since the sector was liberalized seven years ago. The industry...

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How to Sell Insurance to Millennials (7 Tactics for the Next Ten Years) - Agency Nation

We must figure out how to sell insurance to Millennials. Because the Millennial consumer mindset will dictate the insurance customer experience for at least the next three decades. According to Pew Research, in 2015 Millennials became the largest generation in history at 75.4M, surpassing the Baby Boomers at 74.9M. Generation X, the generation between the Millennials and Baby Boomers won’t surpass the Baby Boomers till approximately 2028. Moving forward, the Millennials, who now have members in their mid-thirties, will dominate consumer mindset. As Millennials hit the prime spending years of their life, Baby Boomers are retiring (or reducing their work life) and settling into a...

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How to Market Life Insurance, Sell Life Policy For Cash

It is a challenge to market life insurance well. To market life insurance requires great sensitivity and attention to detail. You must remind potential clients of their mortality, the inescapable truth that they are going to die. The thought of dying and leaving behind family is a difficult topic to discuss for most of us. Those who sell life insurance must be able to elicit--and respond effectively to--human emotions associated with personal loss, love, and financial obligation. The noble task of enrolling others in a life insurance program requires patience, politeness, and deft powers of persuasion as an advocate on behalf of loved ones who will benefit from this policy at the death of...

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Sale of Insurance to Non-residents and Residents of New York

The Office of General Counsel issued the following opinion on January 29, 2004, representing the position of the New York State Insurance Department. Re: Sale of Insurance to Non-residents and Residents of New York Questions Presented: 1. Pursuant to the New York Insurance Law, may a New York licensed life insurance agent, who represents an insurer that is authorized in New York and the home state of the non-resident, sell life insurance to a non-resident while such non-resident is visiting New York? Does the length of the non-resident’s stay in New York affect the answer to this question? 2. Pursuant to the New York Insurance Law, may an unauthorized insurer sell life insurance to a...

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