What do you say when selling life insurance? (2024)

What do you say when selling life insurance?

Agent: I'm calling to discuss your life insurance coverage. I'm offering free quotes to [local businesses/people who have expressed interest] this week. There's no obligation to buy and it only takes a few minutes to see if we can save your family some money on your monthly premium.

How do you introduce yourself when selling insurance?

Make your intro to-the-point. Briefly introduce yourself, your company, and the reason for your call. Tell the benefits of your insurance policy to the customer and their peers who have bought your insurance policy.

How to convince people to buy life insurance?

Let them know how a life insurance policy will help them out in specific scenarios. It's okay to ask someone what she would do if her husband died and how she would support her family. Make your prospects really think about how his family would keep up their standard of living if he were to suffer a catastrophic event.

How do you introduce yourself as an insurance agent to a client?

To introduce yourself as an insurance agent, mention your name, what you specialize in, your history as an agent, and why you're reaching out to the customer. Here's an example: My name is Jane Doe and I'm an insurance agent specializing in health, life, home, and car policies.

How to sell life insurance over the phone script?

Agent: I'm calling to discuss your life insurance coverage. I'm offering free quotes to [local businesses/people who have expressed interest] this week. There's no obligation to buy and it only takes a few minutes to see if we can save your family some money on your monthly premium.

What is life insurance in simple words?

Life Insurance can be defined as a contract between an insurance policy holder and an insurance company, where the insurer promises to pay a sum of money in exchange for a premium, upon the death of an insured person or after a set period.

How to sell insurance policy?

Is life insurance hard to sell?

Life insurance is a very difficult product to sell. Simply getting your prospect to acknowledge and discuss the fact they are going to die is a hard first step. When and if you clear that hurdle, your next task is creating urgency so they buy right away.

How can I get better at selling life insurance?

How do people sell life insurance policies?

You can sell your life insurance policy via a life settlement provider or a life settlement broker. Brokers make it easier by comparing offers from various providers to find you the best one. Before providers give you an offer, they'll likely ask you questions regarding your policy and medical records.

How do you introduce life insurance?

What motivates people to buy insurance?

What is an example sentence for term life insurance?

Example of Term Life Insurance

If George dies within the 10-year term, the policy will pay George's beneficiary $500,000.

How do I approach a life insurance prospect?

How do you use life insurance in a sentence?

I have also taken out a life insurance policy on him just in case. With many life insurance policies, the only benefit received is a lump sum payout on death.

How do I prepare for an insurance agent interview?

What do you say when introduced to a client?

What do you say in an insurance cold call?

You should get to the point quickly, be upbeat, and avoid asking for the customer's permission to talk to them. Good options for insurance sales call openers are to ask how the prospect has been, discuss something you've learned about them, mention the holidays, or simply be blunt about the purpose of the call.

Can life insurance be sold over the phone?

​When you're selling life insurance over the phone, you need to be able to give quotes as quickly as possible. This does NOT mean that you sell only on price, but when people get on a call with you, they want to hear a specific number before they hang up.

What are the 3 main types of life insurance?

Term life insurance. Whole life insurance (permanent) Universal life insurance (permanent)

What are the 2 types of life insurance?

For the most part, there are two types of life insurance plans - either term or permanent plans or some combination of the two. Life insurers offer various forms of term plans and traditional life policies as well as "interest sensitive" products which have become more prevalent since the 1980's .

What are the five life insurance?

The five main types of life insurance are term life, whole life, universal life, variable life, and final expense coverage, also known as burial insurance.

How much do you get if you sell your insurance policy?

While the amount you will receive from selling your life insurance will vary depending on a few factors, including your specific policy and its amount, a general rule of thumb is that most people receive 40-70% of the policy's face value through their viatical settlement.

Is insurance hard to sell?

A career as a life insurance sales professional can be challenging. The competition is fierce, and you may experience a lot of rejection before a successful sale. Conducting business in the comforts of your home isn't any different. You should be willing to put in the effort for your venture to grow.

What is the hardest part of selling life insurance?

Building trust with potential clients is perhaps the most demanding part of selling insurance. It requires more than just pitching policies and presenting numbers; it's about establishing a personal connection, actively listening to their concerns, and providing them with comprehensive solutions.