According to the 2015 Insurance Barometer Study, 61% of Americans haven’t purchased life insurance or the amount of life insurance they need because they have other financial priorities. Your job, as a broker striving for success, is to convince people who feel this way that few financial priorities can or should be more important than life insurance.
According to LifeHappens.org, the average American spends two-and-a-half times as much on take-out food as he or she does on life insurance. If this is true, and you know from earlier posts that many Americans don’t have life insurance because they assume they can’t afford it, then you’ve just identified a market that is overflowing with potential business.
Individuals who have used their life insurance policies as vehicles for investing in the future over the past few decades have enjoyed more than just security and peace of mind. Many have experienced returns beyond their wildest dreams.
The greatest difference between a fixed annuity and a variable annuity is that the return on a fixed annuity is just that: fixed. If you invest in a fixed annuity, you are guaranteed to make back your investment plus a pre-determined rate of interest. With a variable annuity, you are guaranteed a minimum payment, but the return you get on your investment is dependent on the performance of the money market instruments in your annuity account.
At Brokers Alliance, our goal is to be as helpful as possible. We seek to inform. We strive to educate. Because we love what we do and we are committed to helping the independent brokers and agents who work with us, we also enjoy great success.
The success of social media as a medium for communication has extended beyond personal relationships to business-client relationships. Happy to keep its clients up to date on its products, industry news, and trends, Brokers Alliance has embraced the social media revolution.
When it comes to retirement planning, you can hardly afford to make mistakes. Imagine yourself, 20 years into your retirement, assessing your portfolio and realizing that it has dwindled down to almost nothing. You are still in good health, but the only income you can expect from this point forward is a paltry pension or Social Security check once a month--if you are lucky.