by freshmoor39 » Thu Dec 18, 2008 05:50 pm
You may have been independent all your life and in the future too would like to take care of your needs. Sudden death in the family can leave everyone perturbed. No one is usually prepared for such an incident. A final expenses insurance may be of help in times of need.
Final expenses insurance covers the cost of burial and other unexpected expenditures. In the event of death of a loved one, you may not always be prepared financially to bear the expenses associated with the incident. If you have invested in final expenses insurance, you can take care of the final costs as your loved ones had wished.
Final expenses insurance covers the cost of burial and other unexpected expenditures. In the event of death of a loved one, you may not always be prepared financially to bear the expenses associated with the incident. If you have invested in final expenses insurance, you can take care of the final costs as your loved ones had wished.
What are the benefits offered by final expenses insurance?
A typical final expenses insurance offers fixed premiums throughout the life of the policy.
With final expenses insurance may include:
- Simplified underwriting: There are no hassles when buying final expenses insurance as the underwriting process is simple and you will have no difficulty understanding.
- Easy qualification: The qualifying age in this insurance is 0 to 85 years.
With final expenses insurance may include:
- Expenses related to medical purposes,
- Your mortgage bills
- Any auto insurance loan that you may have
- Coverage for your credit card bills
- House rent
- Funeral expenses
- Cemetery Plot
- Hearse
- Minister
- Legal fees
Related reading
- Selling FE insurance
- When to buy final expense insurance
- Companies selling final expense insurance
- Leads for final expense insurance
- Checking out a legitimate final expenses company
- Final expenses insurance for 80 year olds
need some good info on selling final expense by phone . Are there final expense insurance companies that have an electronic form for agents that don't charge an arm and a leg for the final expense leads ? Please tell how to sell final expense insurance in a cost effective manner.
Posted: Sun Jun 21, 2009 05:25 pm Post Subject:
I agree will Todd.
You have to do your due dilegence as with anything you do. Bottom line most agents are insurance agents because they think it's easy and easy money...until they start selling... whatever the type of insurance they choose to sell.
They soon realize they actually have to work and Spend money for leads, gas and travel etc. Problem is most agents arent' willing to work hard to succeed, big or small contract.
If you sell insurance, you shouldn't make less than $100k per year. I know most agents don't because of that lack of discipline and desire to do what successful agents do.....Work and spend money for the leads. Successful agents work their butts off....period. Not 10 hrs a week.
If an agent wants to make $150k per year selling Final Expense, they need to spend about 6k-8k on leads and other costs per Month to do those numbers. Very few agents are willing to do that because of the risk so they just flounder by buying 10-20 leads per week and make there $20k-$50k/yr after expenses. And then they are off looking for the greener grass which never comes.
The old saying "Sales is the Hardest Highest Paying Job out there or the Easiest Lowest Paying Job" A very high percentage of the agents find themselves to be on the lowest paying side. It's a good thing they got that big contract though...100% of no work and discipline is still 0. And then if they recruit some agents who do nothing they are still at 0.
I know our system of doing it over the phone is not for everyone since most agents can't even stay on the phone long enough to set a weeks worth of appointments.... well that and they don't buy enough leads to call.
With what we do you have to be able to be on the phone. However, We take a lot of what makes agents fail in the field out of the equation....
No travel so no Expenses
(Most agents spend 25-30hrs traveling and only a fraction actually selling)
Our Lead costs are cut by 75% so our agents have more leads to call than they can ever get to. They have access to virtually unlimited high quality responder final expense leads for a few hundred bucks a week. 1 sale and there weekly expenses are covered.
We have the only platform like it in the country. By having access to so many leads a 80%-100% contract isn't bad since you have people to sell to. In the field or over the phone with other IMO's you get your 10 leads/wk at $250-$350 . You sure can't make a living for your family with only 10-20 leads. And the expenses just cut way into profits and it's almost not worth it.
I wouldnt be in this business if I had to do it the traditional way anymore.
For the same weekly expense with us you have no travel or expenses (other than phone line and internet access which most people have already) and access to 1,000's of mail responder final expense leads...many less than 30 days old and never been contacted.
I know we have an unfair advantage but that's what makes our system unique for any agent that works with us.
Again you have to want to work and you have to be ok being on the phones instead of driving 1-2 hrs to a no show or a one legger.
I have been in the insurance Industry almost 20 yrs and I know the frustration agents go through. I've been there and I talked to them everyday as they vent their frustrations.
That's why we developed the platform we did... to cut out all the profit centers that are inherent in the insurance industry today and put it back into the pockets of our agents and give them the greatest chance to succeed. You still have to be comfortable on the phones for it to work:)
The insurance business is not easy and all agents need to sit down and make a commitment to themselves and their families that they will do what it takes to be successful. Don't wait for January 1st to start your resolutions....do it now!
Happy Fathers Day to All you great Dads!!
Posted: Mon Jun 22, 2009 02:13 am Post Subject:
If an agent wants to make $150k per year selling Final Expense, they need to spend about 6k-8k on leads and other costs per Month to do those numbers. Very few agents are willing to do that because of the risk so they just flounder by buying 10-20 leads per week and make there $20k-$50k/yr after expenses. And then they are off looking for the greener grass which never comes.
Maybe I misunderstood this statement, but here is what I get from it.
If I want to make 150,000...I need to:
Spend 6-8K a month on leads
Spend on other Expenses every month
8 x 12 - 96,000
Other expenses ~5000 a year or more??
That leaves me with 49,000 a year.
If I flounder and purchase 10-20 leads a week I will make 20-50K a year after expenses.
Is the 150,000 after expenses? Because otherwise it seems just as wise to flounder without the risk of paying so much for leads.
Now that I have made an argument, I will say that I may be interested in adding some final expense sales to my portfolio (as if I don't have enough going on already)...
Posted: Mon Jul 06, 2009 04:58 am Post Subject: Insults..
I appreciate the insults earlier from the "Guru" who is paying people at 80% and possibly the "90% National Vice President's Contract".. woohoo!
If you'd like a > 110% contract for final expense by phone with a proven system that has a higher closing ratio, more persistent results in month 13+, let me know. Mail to info(at)finalexpensebyphone(dot)com.
Posted: Mon Jul 06, 2009 05:53 pm Post Subject:
Standard Life and Accident out of Texas offers a sell by phone process where basically you get the person sold on the phone and then conference into the home office with them to complete the process.
As far as leads go, try (link removed by moderator lori--pirate-read the terms of use for this site...you can put your link in your signature, but NO self promotion in the threads!) I've found that I do get some good money making leads out of them, but of course there'll be duds also.
Posted: Mon Jul 06, 2009 06:06 pm Post Subject: Cool..
Nice affiliate (commissionable) link there for (link removed)
For those wondering, it's more duds than leads. For working final expense sales, the best place is still Main Street Powermail (no commissions from a link here)!
Posted: Mon Jul 06, 2009 06:11 pm Post Subject:
From one who is pitching a mail order house.......
Someone once said..."There's no bad lead, just a bad agent." Good luck with your mailing business.
Posted: Mon Jul 06, 2009 08:18 pm Post Subject: Nope.
Nope, it's my MY mail house. They're in Indiana, I'm in Florida and have no financial ties with them whatsoever. We have tried Need-a-Lead, Kramer, CMS, Lead Concepts, and more and no one has worked as well.
Again, you don't see any affiliate tracking link here, do ya? This board is to share information that works, not share affiliate links.
Posted: Mon Jul 06, 2009 09:31 pm Post Subject:
You are the Westfall guy in the video for (link removed) You're here recruiting.
Posted: Tue Jul 07, 2009 09:40 am Post Subject:
Someone once said..."There's no bad lead, just a bad agent." Good luck with your mailing business.
I'd beg to differ...I don't think it's a "bad agent" all the time.
I do understand the areas of opportunities for the agents as also the chances that you pitch it to the wrong person. The agent may possess enough product knowledge, be courteous and yet the product may just not suit the needs of the prospect. So, you don't always term that as a "bad agent". Do you??
Again, the mailing business may seem less appealing to some of you since the "human touch" is very much missing. But at times, the visual effect wins over other things. The thing that the prospective customer could see the use of all the features of your product and know whether it suits his needs, would actually give you an edge to earn natural leads over other competitors. How about that??
Steven
Posted: Tue Jul 07, 2009 12:51 pm Post Subject:
I love a mailed in lead. I've done plenty of it myself.
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