Life

When it comes to life insurance, the debate between term and permanent coverage is ongoing. Term insurance is often praised for its simplicity and low cost, but for insurance professionals and financially savvy clients, permanent life insurance offers a more comprehensive, long-term solution. For agents, it’s not just about higher commissions, it’s about delivering value that lasts a lifetime. Understanding the Difference Term Life Insurance provides coverage for a specific period, typically between 10 – […]

I am sharing a few thoughts about a growing and exciting opportunity that involves reaching and engaging with younger clients.  Life insurance is not only for aging parents, but also for their children and grandchildren.  It’s better to obtain insurance when clients are young and healthy, as this allows them to secure lower rates and set themselves up for a better financial future.  The longer clients wait, the more expensive it becomes, and products or […]

Myth:  IULs are risky… You can lose your money if the market crashes. Fact: Indexed UL policies are designed to protect your principal.  They offer market-linked growth potential without subjecting your cash value to market losses. Furthermore, an IUL isn’t invested in the stock market; it’s linked to a market index, such as the S&P 500. That means if the market drops, your policy’s credited interest is simply 0%, not negative (known as “Zero is […]

What if there was a Life Insurance policy that could be designed that, if and when the Insured experiences: Death Gets sick or injured, requiring extended care. Lives a very long life and worries about running out of money. Decide that they don’t need the policy anymore and can get 100% of their premiums paid into the policy refunded after 25 years. There is such a policy… Do you think that some of your clients […]

Whole life insurance is a type of permanent life insurance policy that offers coverage for the insured’s entire lifetime as long as premiums are paid. It represents not only a means of protecting loved ones financially in the event of the policyholder’s death but also a tool for building cash value over time. This comprehensive guide aims to demystify whole life insurance, its benefits, and its potential drawbacks.   What is Whole Life Insurance? Whole […]

An Indexed Universal Life (IUL) insurance policy can be a valuable tool for generating tax-free income in retirement due to its unique combination of life insurance and cash value growth tied to stock market indexes. Here’s how it works and why it might be beneficial: How an IUL Policy Works Premium Payments: A portion of your premium goes toward the cost of insurance, while the rest funds a cash value account. Indexed Growth: The cash […]

Determining the correct amount of life insurance is a crucial responsibility for insurance agents. As an agent, your goal is to ensure clients have adequate coverage to protect their loved ones financially in the event of their passing. Here’s a guide to help you navigate this process effectively.   Assessing Client Needs When determining the appropriate amount of life insurance, agents should consider several key factors: Income Replacement A common rule of thumb is to […]

Life Insurance Awareness Month (LIAM) is upon us again for the 20th year now.  Time sure flies, which makes me think to myself, am I prepared for my future years?  I recently became engaged and bought a house this year.  As I’m thinking about all the remodeling and purchases for our home to make it “ours” as well as planning a wedding, one thing I tend to have forgotten is securing our future financially.  Two […]

In the highly competitive world of life insurance, persistency — the ability to retain clients and keep policies active over time — is key to long-term success. One proven strategy to improve persistence while increasing sales is bundling insurance products. By offering clients a combination of complementary coverages like Medicare supplements, Final Expense insurance, long-term care policies, and other products, life insurance agents can create comprehensive solutions that meet a wide array of needs. Here’s […]

When you think about it, uncertainty is an essential element in the life insurance world and the insurance industry as a whole. We basically build and frame our conversations and recommendations based on the uncertainty of the future.  When will I need this insurance?  How much insurance do I need?  What kind of insurance do I need?   Will it be enough?  What if my life and needs change?  How will my needs change over time?  […]