When selling life insurance, the follow-up call is vital. Setting follow-up calls is absolutely crucial to your business but it often feels like a hurdle without a strategy behind it. Learn how to tackle the call or objection and pin down the next appointment.
Statistics say much about America’s view on life insurance:
There is an interesting disjoint in the statistics presented above: the first half sees Americans wanting life insurance, but not having it. The second half shows that people think a comfortable retirement is a must, but they’re too busy saving for other financial priorities. Hence, they forget about investing in life insurance.
People know that life insurance (such as final expense insurance) is important. Some of them, however, do not buy it because there are other essential things in life.
The Baby Boomer generation, or those people born between 1946 and 1964, make up about 25 percent of the current U.S. population. Every day since 2011, 10,000 Baby Boomers turn 65 and are expected to do so until 2030.These numbers show how great an opportunity insurance agents have in selling Medicare supplement products. Greater, still, is the opportunity to sell these products when you partner with a Medicare FMO or Field Marketing Organization. Doing so means that commissions are paid directly to you as you help the elderly get the additional healthcare coverage they need.
There is a misconception among unmarried individuals that without any dependents, it’s okay to put life insurance in the back burner.
In the absence of family members who may be significantly impacted by their sudden loss, single individuals may feel that there’s no need to engage in advanced financial or estate planning to mitigate the risks. Some people, on the other hand, refuse to think of what life insurance is protecting them from: illness, fire, liability, and even death.As an insurance agent, you know that regardless of your client’s demographic, life insurance can mitigate the damage they’ll experience in the occurrence of such events. The problem is, even if you have a no-fail approach that works for couples and clients with families, dealing with unmarried clients is a unique challenge altogether.