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In Reply to: Re: Adding income to an Agent's bottom line posted by KEN YOUNG on March 09, 2002 at 21:10:15:
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: ------------------------->>> We are agreed that client development is the name of the game and not simply "policy peddeling". Along with client developing comes wealth in numbers of clients you have developed.
: We do not agree that wealth is the the only factor and the agents commissions are the bottom line.
: I share this with you because of the following belief I have prior to thirty-years in the industry prior to my retirement.
: You see, who is today"s $50.00 a month client may be tomorrow's $500.00 a month client and who is today's $500.00 a month client may have temporary reversals in their lifetime having to become a $50.00 a month client.
: I also believe that if an agent is versed enough to recognize when and where consumers have recently developed a new and/or additional need for life insurance and financial advice (prosepecting), the agent will not find it necessary to seek out only the wealthy.
: During my active tenure in management and as an agent, my personal belief was that I was rather develop five clients who purchased 100,000 of life insurance each provided that was their need, than develop one client whose needs were 500,000 of life insurance.
: Remember, if you are not infront of a prospect, you are out of the insurance and financial services industry.
: Just thought I would share this information with every agent also.
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Ken,
Maybe I misread this when I posted it, but it does not say anything about targetting only the wealthy. In fact if you had visited the website I posted you would see that this product/service can help over 95% of the American population, and thus a majority of agent's clients.
Just because there is "Wealth" in the service name does not mean that it is targetting the wealthy. In fact this is just the opposite. It is the middle class that needs this the most.
I agree with you on the fact that today's $50/mo client could be tomorrow's $500/mo client or vice versa.
My purpose for sharing this here was to show that another product/service exists for insurance agents that will help their clients and at the same time creates not only an income stream but a bond between the client and agent, something more valuable than a dead president.
The product does not cost anything to refer people to. All that an agent has to do is sign up (for free) and then refer their clients to the site. I just don't see how any financial professional would turn down the opportunity to expand their portfolio of products/services, especially if the product/service is free.
Please go to the website linked below and take 5 minutes to understand the product/service and I think you will change your mind on this targetting the wealthy.