Life insurance agents sell life insurance; that is their job and how they earn a living. For the most part, life insurance agents are very ethical and honest business people simply trying to sell a product to the public at large. Furthermore, life insurance is indeed a financial product that everyone should consider. However, you should be aware of the ways a life insurance agents goes about trying to sell you a policy. Selling you the “Permanent” Life Insurance Solution Although most life insurance agents and will write you a term life insurance policy, it is usually not their first choice. The longer you keep your life insurance policy, the more money the agent will earn in...
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Can I sell my life insurance policy? In many circumstances you can sell a life insurance policy. If you’ve purchased a term life insurance policy that you no longer need or want, is the best course of action to simply allow it to lapse? Probably not. Since a term life insurance policy has no cash value attached to it, simply allowing it to lapse means you will lose all of the money you’ve paid in premiums. Perhaps a better option is to sell your term policy to an investment company who will at least allow you to get some money out of it. It may seem odd that you can sell a term policy with no cash value attached to it, but you can as long as your policy is convertible. However...
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Exclusive Life Insurance Leads In today’s world of uncertainty and not knowing what could happen in the next moment, everyone chooses to buy life insurance to keep their loved ones protected and safe. People all across the US are buying more and more life insurances in recent years. The insurance agents and companies are always looking for good and exclusive life insurance leads where they could sell their insurance. Gathering genuine leads with high chances of conversion is a difficult task. A lot of lead providing companies have hence come into the business working to provide leads. They make the job of agents a lot easier by selling genuine leads, which have high chances of...
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Special Challenges in Selling Life Insurance Not everybody gets sick, crashes their car, has their house flooded, or lives through a home fire. But eventually, everybody dies. This makes life insurance the one type of coverage everyone will probably need at some point. Still, it’s not easy to sell life insurance. Here are a few special challenges that life insurance agents face—and how to overcome them. People don’t like to think about death. Let’s face it—the US has a youth-worshipping culture. We don’t like to think about death—and you’d be surprised how many delusions there are out there about the prospect of one’s own death. For instance, your prospects are likely to believe they’ll...
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You can connect with more prospects and close more deals by avoiding these costly sales mistakes. Rejection isn’t the career-ending monster it’s made out to be. It’s a part of life, so it only makes sense that you’ll come across it in any sales position. However, you can significantly reduce the amount of rejection you experience by identifying and correcting the sales mistakes you may be unwittingly making. This doesn’t just go for rookie salespeople. No matter how long you’ve been selling life insurance over the phone, it’s easy to fall into some of these sales mistakes, especially when you’re making a lot of calls in the same day. The good...
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Phillip Morris International, the same company that sells Marlboro, and dozens of other brands internationally, has a new product set to launch in the UK, that’s right it’s life insurance. Morris says the insurance provider, reviti, will offer a “highly competitive” premiums with incentives for quitting cigarettes, or for giving up tobacco & nicotine entirely. Reviti insurance, which will start at $6.47 per month, “plans to launch a range of insurance policies that incentivise better lifestyle choices, such as improving your diet, cutting down on alcohol or getting fit,” according to a press release. Philip Morris International – a separate company from U.S.-...
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Aviva is studying selling its Asian division as it seeks to simplify its business and boost growth under the guidance of new chief executive Maurice Tulloch. The company has operations across Asia, including Hong Kong, China, Singapore and Indonesia, but bankers say they are not seen as a core part of the group. They could be worth more than $2bn, Reuters has reported. "Aviva's businesses in Asia have excellent growth and earnings potential and we are considering a range of options to help these businesses reach their potential," Tulloch said. Tulloch signalled that a sale was not inevitable. "There are lots of different options," he said, and the company could instead form a joint venture...
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Selling Your Business Can Be An Exhausting Process Founders often refer to their business as their baby as they think about the blood, sweat and tears that went into creating a successful company. When it comes time to sell, it’s only natural to be uncomfortable with the thought of things being done differently, says Howard L. Lewis. “Many entrepreneurs and business owners are very involved in their businesses in countless ways doing things they think are normal,” says Lewis, founder and chairman emeritus at Family Heritage Life Insurance. “A new owner, a new corporation likely will not deal with that business in the same way that the founder did. That has to be thought through and dealt...
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Many financial institutions struggle selling insurance products. For others, however, it is a natural extension, providing a steady stream of non-interest income. Here's how three financial institutions make it work. Everyone knows the well-worn maxim: “Those who fail to learn from history are doomed to repeat it.” And it’s true… to a point. But the lesson isn’t to forever avoid any venture that ever failed. It’s to learn why it failed and not repeat those mistakes. Banks and credit unions selling insurance is a perfect example. Twenty years ago, there was a rush of financial institutions buying up independent insurance agencies after federal law changed...
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How much life insurance do I need? Life insurance should replace your income if the unthinkable happens. When figuring out what you need for life insurance coverage, consider your future costs. That includes your mortgage, outstanding bills, children’s college, funeral costs, childcare, and other costs that your loved ones will have. When gauging how much you need, here are some costs to think about: Estimate for at least five years of income replacement. So, if your income is $100,000, it’s wise to buy at least $500,000 of life insurance just for income replacement. Provide enough funds so that they can pay the mortgage and any regular costs like childcare. If you’re the...
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