 How to sell more insurance policies in the market? |
| i m a Bajaj Allianz Life Advisor . Busness is O.K .. but what should i do to sell more and more ... |
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 Should I get renters insurance? |
| Im just out of college with no alot of things. I recently got married but we dont have a whole lot of nice things just getting started. Is it expensive?... |
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 Where can I get a life policy at 60 no medical check up as advertised on tv? |
| I need a policy on my life. I heard it on TV a while ago - they said no medical check up.... |
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 Please please please this is urgent.. i got pulled over in my moms car.. will it show up on insurance? |
| i wasnt supposed to have her car and i got 2 tickets.. one for running a stop sign and the other for abusing my permit.. i plan on telling her but i dont want her insurance to go up becuz of my ... |
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 How much insurance do I need? |
| I need to get contents insurance for the flat I am renting, but I just dont know how much I need to take out. There are so many extras that the companies keep asking me for, like cover for your ipod ... |
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 How much contents insurance cover should you get for a 3 bed semi with the usual family contents? |
| I have no idea how much cover would be needed for it all, including tv's, computers, kids toys, furnishings etc. Its not a rundown area but its not the best either. I know of someone that lost ... |
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 Where do i get something legally notarized at? |
| i got this waiver for a season pass for snowboarding that needs a parents signature, but theyre not gonna be there and im under 18 so i need to get that done. about how much does it cost as well?... |
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 How many of you own a Life Insurance Policy and for what amount.? |
Are young ppl thinking about life insurance?
Additional Details
I sell life insurance that's why I asked. Are young ppl thinking about it.... |
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 One of my friends just got pregnant.? |
| She didn't have insurance and now she got it. The problem is, she found out that insurance won't cover the delivery because they told her pregnancy is "pre existing" condition. M... |
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 Need someone who knows home insurance.? |
| My neighbors home has been vacant for 9 months or more.In Jan. a pipe in their home broke on the second floor no one knew this for a least a week!! It completely filled their basement (7' of ... |
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 Found lost ring, but already filed a claim and had it replaced? |
| I lost a ring, filed a claim with State Farm, got it replaced, and found the ring underneath the fridge. I actually thought it was stolen. It went missing when there was construction going on in our ... |
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 Will home owners insurance pay for water damage if I was out of town for work? |
| I recently purchased a home and then was forced out of town to work a week later, resulting in never moving in the house. While working 3hrs away my parents would check on the house occasionally, and ... |
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lovely | What is the definition of insurance? |
I'm new to the idea and have yet to touch on the subject, I need some help, please? |
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Chris C
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Insurance is a form of risk management. Basically, you are hedging your bet by allowing another person or company to take on the risk for a fee. The company measures out what the risk is (the odds of whatever you are insuring against happening) and charging a fee for it.
Basically, you pay a small loss to prevent a large, possibly devistating loss, if something happens.
For example: I have a critical illness policy with return of premium at age 65 and on death (they give me my money back if I make it to age 65 or if I die). I will pay a total of $12,012 for that policy from the time I bought it (when I was 27) until I hit age 65 ($77/monthX 33 years) that I will get one of the 24 covered illnesses (including cancer, stroke heart attack, etc). If I do get it they pay me $100,000. I'm paying $12,000 to protect me against a $100,000 loss if something serious happens. With odds being greater than 1 in 3 of getting cancer alone plus a family history of cancer and heart disease and I'm overweight, chances are high that I will make a claim on one of the diseases (which is why I'm paying $77 rather than the $50 or so for a normal person without a family history). If I don't I get my money back. It's a pretty good bet on my part, and infact with the return of premium, it's really a no brainer. If I don't get sick, the only thing I lose is the interest I would made over the 33 years (even if I made 10% on $77/month that's only $30,000, minus the taxes off that and it's even less), which would amount to no where near enough money to cover a $100,000 problem and give me peice of mind of knowing that things will be fine if something happens. |
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FEAR LUCK
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lamens term: the transfer of risk from one party to another |
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lm050254
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the basic idea of insurance is a pool of a large group of people contributing a certain amount of money to take care of different risks, like fire, loss of life, auto accts. etc.. to be paid to whoever suffer a loss from funds held by this group (Insurance company) |
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alice_jingga
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When it comes to money and financial planning, insurance seems to be one of the most challenging things to understand. People will typically over pay for insurance and are easily convinced by the door knocking insurance salesman. This is an important point, when they have to come to you such as phone calls or solicitation letters, these products are typically over-priced. There is one time to buy insurance and one time only, that is when a loss would cause you financial hardship.
Let me explain, if your spouse dies how would you be able to cope? Would you be able to cope at all? Let us say that your spouse earns $2000 per month. You would need to make up that much income in your insurance policy. So if your policy is for 2 million dollars then your policy if invested at 10% per year would yield $16000 per month, you are over insured and you are paying too much for it! In this case your insurance policy should probably be for no more than $250000 that would yield about $2000 a month.
Another common misunderstanding is centred around whole-life versus term insurance. There is a simple easy to remember rule that I can share with you about that: buy term, invest the difference. We already discussed how you should buy insurance only to guard against financial ruin. With that in mind, please look at my blog for a more thorough discussion of term versus whole life insurance. |
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Symonds
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Insurance is a cover of your things and your life. |
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celebrate
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Imagine a village years ago & 30 people live in a circle...they all give $100 every year to the banker. So he puts in the back. It takes $30,000 to rebuild a house if it burns down. So 1 house burns down & this has not happened ever in 20 years. So all the money from the villagers in in the bank & collecting intrest. So they back or insurance co. now writes a check for the one house to be rebuilt......Insurance. is never supposed to pay anymore that what it cost to bring the person back to the state they were in before the problem came. |
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Chris D
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Insurance: it is something you pay a hefty fee for each month, and when you go to make a claim they deny you. |
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amybee08
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coverage by contract whereby one party agrees to guarantee another against a specified loss.(ex: house,cars, yourself.) |
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Slicky Boy
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It's a bet placed on when you will die. Social Security is a bet on when you will die. That's why you get more money when you retire at an older age. To illustrate, of those people who work until they are 65, only about 50% will live two years beyond that point. In order to induce these unwitting souls into a pine box before they can collect SS, the government offers these folk an increased amount of SS if they forego retirement at age 62 and retire at age 66 instead. Even a few dollars more if they wait until age 70. Yes, it is a transfer of risk from one party to another, but is a highly scientific and actuarially studied statistical risk whereby the odds favor the insurance company just like the casinos. Neither of these entities is in business to lose money. You can "bet" that the government will raise the minimum retirement age from age 62 to God knows what to mitigate the SS crisis by forcing many people into their graves before they can collect their SS. Just to button it up for you, when an insurance company or financial institution sell you an annuity, it's a bet placed on how long you will live rather than when you will die. |
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ERIC C
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I am not going to say I am one hundred percent sure about the answer.Besides it really depends on the personal feelings.SO it would better for you to find yourself.Here http://www.InsuranceFreeTip.info/insurance-for-free.htm is a good resource.
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