Thursday, March 29, 2018

Getting To Know Your Customer’s Life Insurance Needs

With the emergence of a new breed of smart buyers, it may no longer be as easy to sell life insurance as it might have been otherwise. With rising market competition, the selling techniques for life insurance have also undergone a sea change and the insurance agent or insurer needs to keep up with the latest trends to make an impression with the consumer. If you are stuck to the old-time methods, it may do but little good to your cause.

Insurance agents and insurance firms might be groping in the dark if they persist in following up with the prospective set of consumers without much to offer in real. It is important for insurance sellers to understand that the buyers want something extra from their end to make it good for both of the sides. If the sellers are not willing to squeeze it out in the form of lower term life insurance prices and other features, the deal might as well end up in promotional stage itself.


Insurance sellers can be caught up in some of the worst case scenarios when they start handling sensitive queries in a quite casual manner. It can do no good at all, at least as far as the cause of selling insurance or at least communicating the deal to a receptive consumer is concerned. You can never ignore the interests of the buyer and replace them with your own when selling something like insurance. It requires you to think like your consumer and pitch the sales like a seasoned professional to come up with the desired results.

You must be able to articulate your life insurance business in a way that it intrigues prospects. You must focus on producing outcomes, results, and solutions and not products or services. You must effectively market yourself to produce qualified prospects. You may have to build life time relationships starting with the very first point of connection or communication. Very importantly, you must position yourself as an expert of the insurance domain rather than a sales person of the insurance domain.

Any insurance agent is required to keep up with the trends of his trade to make an effective sales pitch with the consumer. It would do them a world of good to keep refining their marketing skills and find newer ways to get in the mind of the buyer. If a professional insurance seller is not well-equipped with knowledge, confidence and open-minded approach to understand the concerns of the consumer, he may not be able to use his ability effectively enough to reach a mutually profitable proposition.

Once you have boiled it down to the point that it’s about selling, say, a 10-year term life insurance to the consumer, you can then take lighter steps without imposing much and digging the buyer for what he wants out of it. Lowest term life insurance prices for one, go almost without saying, let him make a few more suggestions and you answer them. You can also make a few viable remedies for any situation and eventually him also participating well in sale of insurance.

You should be able to make the consumer feel at ease in your presence which can go a long way towards shaping up a customer relationship worth looking forward to. You can get some decent referrals from good customers which can further enhance your business prospects in an effective manner. Referrals usually come from a satisfied customer, which can assure you of your success with him and build up your confidence for future engagements. If you keep up with the good work, it should not be long before repeat business comes knocking at your door.

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