SINGAPORE - Singapore’s life insurance industry recorded 1.5 million new policies taken up in the first nine months of 2022, representing a 12.8 per cent year-to-date increase. This was despite the industry posting a 5.9 per cent fall in weighted new business premiums for the period to $3.87 billion, from $4.1 billion a year ago. In a business update on Thursday, the Life Insurance Association Singapore (LIA) said single premium products saw a 31.7 per cent fall in weighted premiums in the third quarter of the 2022 financial year compared with the same period in 2021. The value fell to $514.2 million from $752.9 million, leading to a 3.9 per cent year-to-date dip in single weighted...
Continue reading...
Learning the best sales strategies can be the game-changer you need to take your business to new heights. As a salesperson, you’ve probably heard countless advisers share the best sales strategies. These tips will stick with you through the years, enabling you to become the ideal life insurance agent. In addition, they can help you achieve your sales, marketing, and operational goals. The downside? It can be hard to narrow down the tips and determine which of them are truly helpful. The ten transformative pieces of wisdom here will help you take your career to the next level. Use these to become a standout independent agent. The 10 best sales strategies you can start using right now to...
Continue reading...
Simplicity, Magic in Life Insurance Sales Apple is known for great design, but it sells consumer electronics -- not life insurance. Surely, there is more to user-experience design for complex industries such as insurance, right? The answer is yes. And no. Yes, digital experiences in life insurance need to be different from the digital experience of buying a pair of shoes or some new AirPods. But not as different as one might think; in many ways, the mechanics are the same. The main goal of digital commerce conversion is to get the user from point A to B, where B is some level of engagement. For a site devoted to selling shoes, the ultimate engagement is a transaction. We recognize this as...
Continue reading...
SINGAPORE ( THE BUSINESS TIMES ) - The life insurance sector in Singapore recorded $2.63 billion in weighted new business premiums for the first six months of 2022, down 1.9 per cent from a year ago. This came amid a weaker showing in the annual premium product category, where total weighted annual premiums fell 15.1 per cent to $1.19 billion in H1. However, single premium products remained a bright spot, posting a 12.5 per cent rise in weighted premiums to $1.44 billion. Single premium products are seeing sustained growth and remain popular among Singaporeans, Mr Khor Hock Seng, president of the Life Insurance Association, Singapore (LIA) noted in a statement on Thursday (Aug 11). "The...
Continue reading...
Life and Health Insurance SalesTest Guide All of the fifty states require anyone who wants to sell life and health insurance to first take an exam to obtain an insurance sales license. The exam is offered by the state licensing boards. Candidates are not typically required to take a course to prepare for the exam; however each state offers many different courses both online, in the classroom or by book. Once licensed, there are professional organizations that offer certification programs to obtain advanced designations and training in specialty areas that also may require exams. Licensure. State law and regulations require that insurance sales agents selling life and health insurance obtain...
Continue reading...
With the year winding down and while you wait for the holiday season to pass, now might be a good time to start thinking about how you can make 2022 your best year ever. Many independent advisors like to hit the ground running once the new year starts. But without a strategy in place, the likelihood of success goes down. That’s why I’d urge you to take a targeted approach towards the new year and consider ways in which you can increase your life insurance sales in 2022. You can make your next year a success by spending a few hours of your time now on a proactive plan. At Advisor’s Resource Company we work with many independent life insurance agents and advisors. We find that the best...
Continue reading...
Career MOSC (Marketing Orientation Study Course) MMS (Management Marketing Series) Please click here for training schedule for Marketing Personnel <h3 How to become a Life Insurance Agent? Dynamic young men and women of minimum 20 years of age holding National Identity Cards, having Matriculation certificate and capable to accept the challenges, can be appointed as Sales Representatives. They have to complete pre-determined performance standards. The candidates can approach the Zonal Offices or the Area Offices/Agency Offices spread over the nooks and corner of the country for selection. Career Paths/Success Stories of few Marketing Executives A Sales Representative having two years...
Continue reading...
One of the biggest challenges most financial professionals face is helping clients (and prospects) truly understand life insurance. The harsh reality is that life insurance is a very complicated, misunderstood, and often overlooked piece of a comprehensive financial plan. The best solution I have found is to make this difficult discussion an educational process versus a sales process. What most families want, need, and truly appreciate is to simplify life insurance into something they can grasp. This will allow them to make an educated and informed decision. In other words, what most clients really want is a basic understanding of the good, the bad, and the ugly regarding: The other...
Continue reading...
Did your clients resolve to do better at saving for retirement? If so, do they also realize life insurance is an asset that can help? If not, this is the time to show them how cash value life insurance can supplement their retirement as well as provide valuable living benefits. If you have clients who need coverage, want to save more than their yearly max for a 401(k), and also want to access cash penalty-free before age 59½, this may be a good strategy. Cash value life insurance can give them a way to sock away extra cash once they've maxed out their 401(k) or IRA contributions. After the first 7-10 years, they can take a loan to buy a business or a vacation home. Or they can keep...
Continue reading...
Here at Assured Futures we take pride in offering an unrivalled service to our clients and partners. We’ve grown by over 300% in the last six years through our unique partnerships with companies like ComparetheMarket, GoCompare. For us the growth doesn’t stop here, our vision is to be the number one choice for Life and Health insurance and we’re looking for sales people to join our vibrant Life & health Insurance Team. We offer flexibility in hours and location with the option to work from home 2 days per week. When you are working from the office you can take advantage of our fabulous facilities such as a free onsite gym, tennis courts and 5 a side football pitches. Our wellbeing...
Continue reading...
