What are some questions that would lead to a "yes" about life insurance?
352774
I've been an agent for 29 years so maybe I can help.  \n\nFirst off, make sure you know all the ins and outs of your products.  Then, you want to sell to the need.  You need to make the client see and understand why they need the insurance.  Use needs analysis tools that they have to fill out.  When selling to couples, sell to the survivor.  They are the ones who will be left behind.  Sometimes you may start off just selling one particular need, foe example mortgage protection, other times the entire family need.\n\nNever try to over sell them.  It's always good to find out what they can afford first.  Find a plan that best fits their budget.  \n\nLead your client to the yes decision.  Ask questions that have yes answers, for example, "Mr. Client, if you were to die tomorrow, you'd want your family to remain in their home wouldn't you?."\n\nLike everything else, it take practice.  Do a lot of role playing.  Practice handling objections.
29521
Discuss your situation with a competent financial planner in your area. Do not trust anyone who tells you how much insurance you need without asking you any questions. Avoid insurance salespeople, especially ones who use a multiple of your salary approach.\n\nA good financial planner will complete a survivorship analysis for you. He/she will ask you alot of questions regarding your current financial situation and after making certain assumptions regarding rates of return and inflation, will be able to calculate your family's overall need for assets at your passing and how much of that need would be offset by assets you would have on hand. Don't forget to tell your advisor about any savings or investments you have as well as all life insurance in force, including employer provided. If there is more than enough assets already available, you do not need any additional life insurance, if not, consider purchasing more.\n\nThere is a widespread belief that term insurance is the only worthwhile way to insure oneself. This may not be the case. Term insurance is typically very inexpensive when compared to permanent forms of insurance (whole life, universal life, variable universal life, etc.) but it is important to remember that those term premiums will rise somewhere down the road. Approximately 90% of term policies never pay a death benefit, mainly due to the fact that they became too expensive to keep in force. Term insurance falls into two basic types, Yearly Renewable and Level. Yearly Renewable Term (YRT) premiums start very low. As each policy aniversary passes, your premium goes up. Each year you get older the resulting increase is a little bit larger than the previous year. It makes sense if you look at it from the insurance company's perspective; each year older you get is one year less you have left to live. Level Term will have a certain period where the premiums will remain level, usually 10, 20 or even 30 years. The longer the guarantee period the higher the premiums will be, but they will remain at the initial premium amount for the guarantee period. I prefer Level Term for my clients who need term coverage because it is a much more predictable amount to budget.\n\nPermanent insurances, while requiring higher premiums, also build a cash value, on a tax advantaged basis. If the policy is designed properly, it can make a good savings vehicle for LONG TERM investing goals. As with any important decision, the most important aspect is to get the advice of a competent, trusted professional.
230414
Contact your local law authorities,...as I'm SURE they'd appreciate your interest in doing the right thing.  Having health insurance and a life insurance policy might not be a bad idea either.
34363
Most companies will ask where you are planning to live.  Certain "unfriendly" countries they will not provide coverage for.  This is especially the case with life insurance.  Make sure to be honest with the insurance company or they could deny a claim down the road.  I would try here:  http://www.insuremylife.org\nMost life insurance agents also sell health plans.
293161
Partner with an expert in other fields.  I have arrangements with P&C agents, annuity agents, etc.. where I strictly handle the life insurance for their clients and refer my life clients to them for P&C.\n\nWe do splits on cases. It has been tremdous revenue boost for all parties.
680732
Term will work well if she dies during the TERM of the insurance.  The insurance company will check her condition (medical/physical) to make their best guess as to how long she will live - a process know as underwriting.  She may have a medical condition that prevents most insurance.  The insurance companies underwrite term more closely.  They want to make 'place their bet' that the insured will live past the term so they don't have to pay a claim.\n\nThe question(s) becomes how MUCH coverage does she need? (How much will she need to take care of final expenses (funeral etc) and final debts.)  How much does she want to leave to her heir?\n\nGo talk to an independent agent.
72336
Many times the bank might want to see a buy/sell agreement in place that would be supported by life insurance.
524595
I worked in life insurance and annuity administration a couple years ago.  Here's how it goes:  Not just anybody can take a policy on you.  There has to be a matter of insurable interest; meaning that if you die, there will be financial burden to the beneficiary of the policy (this can be family or possibly a business, estate, etc...).  This prevents people 'betting' someone is going to die, then cashing in the policy.  Generally, immediate family members can be the owner and beneficiary of the insurance policy, but the insured must acknowledge somewhere on the application they are aware there is insurance taken out on them.  Unless they are a minor.  That is another explanation.  \n\nHope this helps.
601363
In many life insurance companies, no one is covered if the owner of the policy commit suicide. Some companies have a suicide clause where you are covered for a certain amount of time when you commit suicide. For a beneficiary to claim life insurance proceeds, a proof of death is required.\n\nRemember, if you are choosing term, you want to choose the maximum length available like 30 years. And also, you want to invest in mutual funds at the same time (you should put away $100/month into it if you understand the Dollar Cost Averaging concept).
118199
Hi Joyce.... you asked this question under the category of insurance so I presume you would like to know with respect to life insurance.  Well, the life insurance companies have what is known as actuarial tables which give them a good idea as to the life span of individuals based on age, gender, physical traits/attributes and lots of other factors. It's kinda complicated to explain, to say the least but suffice it to say most all companies go by this table and can underwrite and determine premiums based on that.  For complete and more accurate details regarding this subject, you should contact your local life insurance agent in your area.  LOL
910146
How is this an insurance question?
724383
Number 1 problem: The number of life insurance agents has declined over the years for majority of the companies.\n\nNumber 2: Largest market in America is middle-income families. Majority of the middle class believe they can't afford it.\n\nNumber 3: Majority of people don't see the need for it.\n\nNumber 4: The US Government has sued many life insurance companies in 1993 for lying to the public, being deceptive, and not serving in the best interest of the client. (US Senate Report 1993). Since then, I believe this is why many life insurance agents have left the industry.
568279
Tell them it would be a very good idea to introduce life insurance. For a very little value their employees will earn a peace for mind knowing that their faimly is financially secure in any eventuality. It also acts as a motivating factor for the employees knowing that the company cares about them.
295849
try looking through old bank statements for checks paid to insurance companies.  You can also try local agents if that is who he worked through, or check to see who his homeowners policy was with as they may have helped with life insurance as well.  if all else fails, you can write form letters to a bunch of companies to see if policy was on file.
744842
The idea of "buy and invest the difference" begs the question "invest what?"\n\nThis is an old argument regarding the relative expense of temporary insurance (term) vs. permanent insurance (whole life or universal life).\n\nTruth be known, all life insurance is term insurance.  That is, every year, the risk of our dying increases and so the cost to insure us increases.  You "cover" that with the most basic component of life insurance - annually renewable term (ART).  Some companies still sell it.\n\nA person who has an ART policy pays a little bit more every year as the premium is reset higher to offset the increased risk to the company that the insured might die.  ART becomes so expensive later in life that it is virtually unaffordable.  Most carriers that still sell it won't continue the policy past a certain age, typically 65 or 70 years old.\n\nThe most common temporary (term) insurance today is level-premium term.  All the carrier has done with this type of policy is level out the premiums for a specific period (5-, 10-, 15-, 20-, 25-, or 30-years).  The premium payor doesn't see the annually increasing pricing because they are paying more than for the ART design during the first years that this type of policy is in force.  At the end of the level premium period, the premium soars and the coverage is usually allowed to lapse by the premium payor for non-premium payment.\n\nPermanent life insurance is ART with a levelized premium many times higher than any type of term policy because the policy has got to be profitable for the company no matter how long the insured lives.  Because you overpay so much money for this type of coverage, the carrier provides a "cash value" which can be accessed by the policyowner.\n\n"Whole life" is the most expensive kind because the company guarantees the death benefit as long as premiums are paid.  "Universal life" is less expensive than whole life because the company only guarantees the death benefit as long as there is still cash value in the contract.  \n\nIf you stop making premium payments in a whole life contract and do not authorize the company to keep the policy in force by borrowing the premium payment out of the cash value, the company will lapse the contract and send you a check for any cash value in the contract (overpayment of premium plus any return of premium for a given year - called a dividend -  that is in the policy at that time).\n\nIf you stop making premium payments in a universal life contract, nothing happens as long as there is cash value to pay for those annually renewable term costs.  When the cash value runs out, the policy lapses.\n\nSo, what's all the buzz about "investing" the difference?  People are saying that instead of loading up an insurance contract with permanent coverage and associated costs, buy term for the period that you are going to need a death benefit, and put the money that you would otherwise have paid for premium and save it or invest it elsewhere, like mutual funds.  The theory is that you can get a better return on your money by doing so.\n\nIs it a valid argument?  Sure.  But, you have to factor into the equation that money growing in an insurance contract is not taxed until it is taken out (if ever) and that the payment of a death benefit to the beneficiary(ies) is not an income-taxable event, in most cases.  Investment funds are usually taxed annually  as interest or dividends are paid, and may be taxed again when either past to the next of kin or the next of kin sells the investments to reinvest or get the cash out.\n\nWhich path is better?  It all depends on your ability to get a better after-tax return on your investments than the tax-deferred growth of cash value in an insurance contract.\n\nWith the advent of other tax-deferred investment instruments, however, such as IRAs, 401(k) accounts, etc., the tax advantages of permanent insurance policy cash val
15284
Rates vary by health class.  Term in general is very cheap, upfront.  The best thing is to meet with a professional life insurance agent to determine how much coverage you need and how long you need the coverage to last.  Try here for a good agent: http://www.insuremylife.org
181816
Take a look at this article and its related links for info about life insurance: http://www.fuzeqna.com/iqcu/consumer/kbdetail.asp?kbid=745\n\nFor how to choose an insurance agent: http://www.fuzeqna.com/iqcu/consumer/kbdetail.asp?kbid=682\n\nFor how to choose a financial planner: \nhttp://www.fuzeqna.com/iqcu/consumer/kbdetail.asp?kbid=464\n\nI recently bought life insurance online using Insure.com.  I was very pleased with how smoothly the process went.  For $300 a year, I am covered for $300,000.  You'll want to consider your financial obligations when deciding how much coverage to get.  \n\nGood luck.