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 Posted: Mon Oct 27, 2008 10:25 pm Post subject: What is the most undersold coverage that clients need but th |
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| I am a Financial (Mutual Funds, VA, VUL) wholesaler for my P&C Agents but I like to bring value to them on things I don't get paid on, like P&C business. I ask them to help me by selling VA's and MF's so I like to help them on the P&C side when I can even though I don't get paid on it. |
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wifordd
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| Posted: Tue Oct 28, 2008 5:40 am Post subject: |
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This looks more like a statement than a query  however, selling the VA and the VUL products at this market would be very tough, hence it wouldn't be a bad idea to shift to the P&C line of insurance for the time being, till the market stabilizes. I'd rather suggest that you start asking for something in return from the agency against the P&C products that you sell for them.
~Jeremy |
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JeremyHolter
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| Posted: Tue Oct 28, 2008 5:49 am Post subject: |
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Variable Annuity plans, IMO isn't suitable for many who want to maximize their retirement gains. And its particularly inappropriate for people nearing their retirement age. Insurance agents sell this product because it fetches high return to them as much as 3% annually.
Its nice to know that you were able to sell variable annuity so far, since the North American Securities Administrator's Association (NASAA) has listed it amongst the top 10 scams, but the given market situation is typically against this type of product. I'm not sure that the agency would be interested in extending their helping hand to you. |
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jeorge
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| Posted: Tue Oct 28, 2008 9:58 am Post subject: |
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jeorge wrote:
| Quote: | | Variable Annuity plans, IMO isn't suitable for many who want to maximize their retirement gains. And its particularly inappropriate for people nearing their retirement age. Insurance agents sell this product because it fetches high return to them as much as 3% annually. |
"Insurance Agents" don't sell Variable Annuities, they are sold by our stock broker competitors. "Insurance Agents" get tagged for malfeasance on these products because you have to be both insurance licensed as well as securities licensed to sell these bloated pigs with lipstick.
Variable Annuities do have fees, charges and expenses that typically are about 3% per year, but the STOCK BROKER who sold the bloated pig doesn't get 3% per year.
Typical trail commission is in the 1/2 of 1% range.
Variable Annuities are a Broker-Dealer, Registered Representative product sold by Certified Clueless Clowns who have little if any experience in the insurance business.
Variable Annuities violate the fundamental aspect of "Safety of Principal" inherent in ALL annuities EXCEPT Variable Annuities.
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GarySpicuzza
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beatuplunchbox
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| Posted: Thu Oct 30, 2008 10:01 am Post subject: |
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UIM!
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"Never, never be afraid to do what's right, especially if the well being of a person or animal is at stake. Society's punishments are small compared to the wounds we inflict on our soul when we look the other way." Martin Luther King Jr. |
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Lori
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| Posted: Thu Oct 30, 2008 10:32 am Post subject: |
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| Quote: | | So I take it thatFixedgood, varible bad? |
Variable is ONLY bad when you lose money.
UIM?
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Gary Spicuzza, *SAFE
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*Self Appointed Financial Expert |
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GarySpicuzza
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| Posted: Thu Oct 30, 2008 10:55 am Post subject: |
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_________________
"Never, never be afraid to do what's right, especially if the well being of a person or animal is at stake. Society's punishments are small compared to the wounds we inflict on our soul when we look the other way." Martin Luther King Jr. |
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Lori
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Location: Missouri
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