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Posts Tagged ‘Life Insurance’

Child Life Insurance

Tuesday, December 14th, 2010

As parents you want only the best for your kids. Child Life Insurance is one of the ways that you help protect their future, if something were to happen and you weren’t there.There are several different life insurance options that are available for children. Lets start at the beginning of a guarantee. In most cases children under 18 years of age only qualify for what is commonly known as “Standard” underwriting class. This is because children do not have a medical history for the underwriters to evaluate.

Young children are most suitable for Permanent Insurance. The advantages of this type of Child Life Insurance is that the policy can be owned by a parent, a grandparent, or another significant other in the child’s life. These types of policies also accumulate cash value, that is to say that a portion of the premium paid is set aside in an account that can be accessed by the owner of the policy.

As the child reaches to age of 18, the policy can be transferred into their name or the original policy owner can remain in control of the policy for as long as they want. Children may also be attached as a “rider” to the policy of their parents. The cost for this type of rider is minimal, but in turn the death benefit amount is significantly less than that of the owner of the policy.

Another option, if the child is 18 or older, they can also get a term policy. A term policy is for a specific number of years, usually 1, 10, 15, 20, or 30 years. The death benefit and the premium remain level for term of the policy. Unlike permanent insurance, there is no cash accumulation.

Although we don’t like to think about or even imagine having to deal with the death of a child, the death benefit, as with an adult can be used to pay final expenses. We all know that life insurance for adults has stood the test of time. It has helped many individuals and families through very difficult times following the death of a loved one. Child Life Insurance can do the same for the safety of your family and the security of your children.

Filtering Life Insurance Leads

Wednesday, June 2nd, 2010

Life Insurance Leads are individuals who have “raised their hands” and have requested an agent to contact them to discuss life insurance. Instead of chasing prospects, life insurance sales leads come to the agent to talk about life insurance.

As an agent, it is very important and crucial to bear in mind procuring or obtaining as many leads as possible. Obtaining them does not have to be a tricky business because there are many ways to generate these. However, the most excellent and the best way to get leads is to buy them.

The process in securing a lead is simple. Find an online service first, such as a life leads directory that features hundreds and hundreds of providers that sells leads. From there, decide on how many leads you can afford to buy at a given time.

After placing the order, all information the agent needs regarding the lead will be provided. The final step and the most important one is calling the lead and selling them a policy. While buying leads does not have a 100% guarantee of making a sale, it puts an agent in a good position to most likely close a deal.

Life leads can be found in other places as well. Some agents even make cold calls and pay for newspaper advertising. Purchasing insurance sales leads primarily does not necessarily mean giving up on other generation strategies.

When it comes to insurance sales leads, an agent should get all he/she can. Thanks to the power of the internet, agents can now buy leads, who are interested in buying life insurance or a number of other financial products.

There are companies that focus on developing and selling leads that can help insurance agents’ sales. Good leads are the energy that fuels their sales. As an agent, you need high quality, real-time leads to keep your business moving.

Actually, when agents make use of life insurance sales leads, their prospects usually generate additional 25% new customers. For every 100 leads contacted, you would more likely get around 25 more possible clients. That is a big difference compared to chasing a compiled list of people you just got somewhere.