Selling life insurance under global recession

Posted: Mon Jan 04, 2010 01:02 pm Post Subject:

People still have loved ones to protect.

Posted: Mon Jan 04, 2010 06:31 pm Post Subject:

The ecomony has effected individuals available spending income, so for those who want to buy life insurance for their "loved ones", they still have to pay the bills and keep food on the table. So if I were to get into the business brand new, life insurance would not be the product of choice. Personally I would be selling annuities right now people are looking for safety and fixed indexed annuity sales are booming right now. Do not go captive and brush up on annuities. Buy yourself some leads and go for it. An annuity sale will pay anywhere from 3% to 10%. If you were to write just 100k per month (which is not much) you would make 3-10k per month.

Posted: Mon Jan 04, 2010 10:59 pm Post Subject:

No matter what you want to do I can find you an excuse not to do it. The economy prevents some life insurance sales, but certainly not all. If anything, this market correction will shed new light on getting back to using the savings strategies employed by our grandparents. I'm not knocking the securities industry, I think it definitely has it's place. I also believe people who buy equities under the impression that they'll get an 8+ percent return until retirement are headed into a world of cat food and income sensitive housing.

Posted: Tue Jan 05, 2010 12:33 am Post Subject:

Aviva's BPA product is an indexed annuity that guarantees an 8% return for the length of the contract and if the individual dies they get the higher of the indexed account or the 8% side, which ever is higher. The only draw back is if the annuitant dies the beneficiaries have to take the 8% account over a 5 year period. Alot of seniors like the idea that their kids can not get to 100% of the money immediately. BNTRS you have no faith in FIA's?

Posted: Tue Jan 05, 2010 03:21 am Post Subject:

I see no such product on Aviva's web site, but if you'd like to point it out by name I'd appreciate it.

Posted: Tue Jan 05, 2010 06:02 am Post Subject:

If you're a salesman and you're good at it then selling life insurance can't be any different than any other product. Whatever be the product that you're selling, it could be difficult while the recession is on. Selling anything else won't be easier than this one, if you're not trying out your best. Remain persistent and make the very best of all the opportunities that come your way.

Posted: Tue Jan 05, 2010 01:46 pm Post Subject:

It is called Aviva's BPA Select Annuity. 611 5th Avenue Des Moines, IA 50309 1-888-252-5530

Posted: Wed Jan 06, 2010 05:49 am Post Subject:

Guys, the challenge lies with the fact that under a recession the people are concerned about cutting down their costs. Selling insurance under such circumstances would require them to spend more. So, here lies your challenge in showing them how to reduce their expenses and helping them identify ways to save money.

A good agent would probably concentrate on how they can solve the immediate problems faced by their prospective clients. You could be a good insurance adviser, but when it comes under a recession you might as well need to play the role of a financial adviser.

Posted: Wed Jan 06, 2010 02:35 pm Post Subject:

I just farted!

Posted: Wed Jan 06, 2010 02:40 pm Post Subject:

It is called Aviva's BPA Select Annuity. 611 5th Avenue Des Moines, IA 50309 1-888-252-5530