The following are words to instill in the American people to help them understand their financial needs so far as solving problems created by the “living of life.” One of the important things that must be communicated to a prospect is that you, the producer, didn’t come there with problems to give to the prospect. […]
When considering personal insurance lines, “more” is almost always better. More coverage means more financial protection against the bodily threats and risks that inevitably come with life. When you prescribe your clients medical insurance, you dutifully advise them to have a comprehensive policy that fits into their budget, but covers them as completely as possible. […]
2017 has been a rollercoaster, a rough year for much of this country. Thousands have been affected by great tragedies over the past 11 months as many Americans have lost their homes and businesses during the devastating hurricane season that ravaged the South, Southwest and Caribbean. Lives have also been tragically impacted by the recent […]
We are already well into the fourth quarter of a year that has seemed to fly by. ACA open enrollment is upon us so many of you are busy finding your medical clients more-affordable coverage as rates across the country are soaring while coverage options are becoming more convoluted and ineffective. Please keep in mind […]
When I started in the DI business 16 years ago, my mentors were relentless in their teaching that although quite rewarding and very lucrative, disability insurance simply doesn’t sell itself. Unlike other insurance lines, selling DI requires unrivaled finesse, but most importantly persistence in an attempt to convince a prospective client that their body specifically […]
Today is one of my favorite times of year. I love the changing of the weather and the fall colors coming forth. After months of Southern California heat, I am always glad to feel the air cool a bit. But what I enjoy most about Halloween is the holiday itself – the decorations, carving pumpkins, […]
We often are asked by professional insurance producers for sales ideas, marketing strategies, what’s working, what’s not and many other similar questions. Insurance producers are always trying to find the magic bullet. The true answer is that there is no magic bullet! However, there are things that work, provided you do them correctly. There are […]
PART 3 – We must observe that group disability insurance renewals are unpredictable. Plans are exposed to: Cancellation by Insurer or Plan Sponsor. Susceptibility to a change of Broker of Record. Business adjustments that may result in a group plan because of mergers, acquisitions or business failure. Individual Disability Income is often: Difficult […]
PART 2 – The experience of collecting premiums and investing reserves was probably the beginning of our industry’s inclination to view life insurance companies first as financial institutions and second as insurers. Life companies in general do not respond well to underwriting risk. Understanding this helps us to see how a separate insurance industry, the […]
PART 1 – The disability insurance industry in America is at a crossroads. One road leads to oblivion because many insurers have chosen to exit this business. The other road leads to monopoly because only a few life insurers have chosen to remain in the business. Tragedy for consumers and financial services professionals is the […]