Money Insurance

Several large, well-known insurance carriers have begun raising insurance costs on large blocks of senior and elder-owned life insurance policies to make up for underperforming investment portfolios. These rate increases have increased the percentage of lapse on a massive scale and in most cases can be detected and adjusted for to save the policy.

Are you having trouble coming up with a simple system to sell umbrella insurance? Here are some tricks and tips that I have learned over time. What I have found working with agents and being an agent is that it comes down to asking the right questions and relaying the information in a simple way.

Wesley is getting a ride to soccer practice in his uncle Rob’s new car, which Wesley had helped him buy with some great advice about credit. Suddenly, Uncle Rob accidentally backs into a tree! No one is hurt, but Uncle Rob can’t afford to fix his car because he doesn’t have car insurance. Puzzled about insurance and what it is, Wesley begins asking questions. Fortunately for him, NFL Hall of Famer Terrell Davis is teaching kids about finance at the local children’s club. With Mr. Davis’s help, Wesley learns what a premium is, how a policy works, and what deductibles are.