We recently discussed how COVID -19 has shifted focus toward legacy planning ventures for many individuals. From business owners to families, people have started taking estate planning much more seriously. We made a checklist for individuals [h1] that included the number of actionable tips to enact as soon as possible, and we are going to do the same here for insurance agents.
In 2020, 54% of Americans owned life insurance while 91.5% of Americans owned a health insurance plan. Despite the large gap in ownership percentages, unfortunately both terms; health and life insurance, are often used interchangeably. This is a grave error that people make; one that can have direct impacts on their financial planning and ultimately, their health.
When it comes to handling customers as an insurance agent, there are four major objections that you’ll have to handle throughout your career:
When an insurer purchases a life insurance policy, the purpose is to provide for their loved ones upon their death. However, these life insurance benefits often go unclaimed. Here are some reasons why as well as how a life monitoring platform can prevent benefits from going unclaimed.