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Life settlements are defined as the sale of a life insurance policy by the policy owner for less than face value of the policy to third party investors. In essence, investors that are third parties make a plan to profit when an insured dies by receiving more than what is to be paid out in death benefits. The sooner an insured dies the more profit is made. Vitical settlements are similar to life settlements with the exception of the insured being chronically or terminally ill.
Having strong customer service skills within the Insurance Industry is one of the most important attributes to achieving success! Though there are countless ways to lose a client, here are five major mistakes to avoid that can destroy a relationship!
There is more to being a successful Insurance Agent or Financial Representative than making the lion's share of sales. As many top producers will tell you, residuals from investments and being able to cross-sell additional products to loyal clients year after year, is the way many make it to conference and enjoy long fruitful careers.