- 30,581
No....it's 97%.
Is FE worth it?
- Thread starter XYZ99qq
- Start date
- 5,970
It is only life insurance about which folks make this argument about "costing too much" and paying in more than you might get out. No one makes the same arguments about their car insurance or their homeowner's insurance (until they get a claim denied, at any rate). They might say they "pay too much," but they never make the argument that they should some day get back at least all they put into it.
And there is a life insurance product that will give them back every cent and more. But few of the hoi polloi want to "pay" for it.
Had to look that term up. Webster had this to say: In Greek, hoi polloi means simply "the many". (Even though hoi itself means "the", in English we almost always say "the hoi polloi".) It comes originally from the famous Funeral Oration by Pericles, where it was actually used in a positive way. Today it's generally used by people who think of themselves as superior
- 30,581
I had to double check...at 1stIthought I was reading a comment by LD.Had to look that term up. Webster had this to say: In Greek, hoi polloi means simply "the many". (Even though hoi itself means "the", in English we almost always say "the hoi polloi".) It comes originally from the famous Funeral Oration by Pericles, where it was actually used in a positive way. Today it's generally used by people who think of themselves as superior
No, it was DD..I had to double check...at 1stIthought I was reading a comment by LD.
- 4,202
No....it's 97%.
Wrong. 97.4%
- 7,129
Just providing OP positive feedback for their judgement that FE is an unsellable product.
- 19,647
Since goillini tricked me into posting again this is a thread right up my alley!
Absolutely FE is worth it!! I'm in my 14th year of FE focused sales. 18th year of life sales.
Wonderful career!! I do not recruit. I have no downline agents. Never have and never will. Never wanted any either.
This will be my 14th consecutive year of writing over $200K FE business. I've never written less than 300 applications in a year. Even when I was a termite I wrote more than 300 applications per year. It's not a "grind" as some will say. I'm normally in the field 2 full days a week. Sometimes more, sometimes less. I am in full control of my schedule. Which is just as valuable to me as the money. Sometimes moreso.
I've been on 15 company earned fully paid trips around the world. And my IMO, (FEX), has a symposium every year that's paid for if you produce. 3 of those trips have been on cruise ships.
Our circle of friends include a coal mine executive, a GE plant manager, A Texas Gas executive, a circuit judge, a hospital human resource manager and an eye doctor. I make more money than all of them except the eye doctor. And he makes about double what I make. But he works 3-4 times the hours per week. And I'm not qualified to do his job even if I wanted to switch.
I couldn't think of a better career. I enjoy going different places. I've got a full day schedules tomorrow in a county I like to visit.
I can't say enough good things about this profession or the people I work with. For example, I recently bought a dinner and tour for 8 at the Buffalo Trace distillery in Frankfort, Ky, {that's where Pappy's is made}, through the CoC auction. When we go the 4 couples will include 3 couples from my FEX friends. As a bonus a friend is the manager at Hill and Dale Racing in Lexington so we get to go visit there and meet Curlin!!
I would not be in a position to do that without this career.
So to the OP, hell yes!!
Absolutely FE is worth it!! I'm in my 14th year of FE focused sales. 18th year of life sales.
Wonderful career!! I do not recruit. I have no downline agents. Never have and never will. Never wanted any either.
This will be my 14th consecutive year of writing over $200K FE business. I've never written less than 300 applications in a year. Even when I was a termite I wrote more than 300 applications per year. It's not a "grind" as some will say. I'm normally in the field 2 full days a week. Sometimes more, sometimes less. I am in full control of my schedule. Which is just as valuable to me as the money. Sometimes moreso.
I've been on 15 company earned fully paid trips around the world. And my IMO, (FEX), has a symposium every year that's paid for if you produce. 3 of those trips have been on cruise ships.
Our circle of friends include a coal mine executive, a GE plant manager, A Texas Gas executive, a circuit judge, a hospital human resource manager and an eye doctor. I make more money than all of them except the eye doctor. And he makes about double what I make. But he works 3-4 times the hours per week. And I'm not qualified to do his job even if I wanted to switch.
I couldn't think of a better career. I enjoy going different places. I've got a full day schedules tomorrow in a county I like to visit.
I can't say enough good things about this profession or the people I work with. For example, I recently bought a dinner and tour for 8 at the Buffalo Trace distillery in Frankfort, Ky, {that's where Pappy's is made}, through the CoC auction. When we go the 4 couples will include 3 couples from my FEX friends. As a bonus a friend is the manager at Hill and Dale Racing in Lexington so we get to go visit there and meet Curlin!!
I would not be in a position to do that without this career.
So to the OP, hell yes!!
- 17,072
I had a friends wife that thought that way about health insurance. I was explaining high deductible health plans to them years ago. She just kept saying we're going to pay all those premiums and I would lose money most years because we would never meet our deductible.
She just couldn't wrap her head around only insuring the big stuff and most years you wouldn't come out ahead.
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- 7,012
Final Expense prospects are professional procrastinators. I've learned over the years that most final expense agents will one day become final expense prospects.
We're seeing the biggest influx of boomers retiring without having taken care of this need.
I don't care what you sell, but if it's to the baby boomer crowd, you're golden. And those folks have their financials together much more than future Millenials and Gen X'ers and beyond. So while the market may get smaller in 15-25 years, the demand will increase.
Nobody wants to buy life insurance. It takes someone with sales skills to show them the benefits that solve their problems.
Now things may change in the coming decades where landing pages, automations, and AI will warm people up to that point of decision, but I think it will always require someone good at sales to push them past their natural procrastination.
We're seeing the biggest influx of boomers retiring without having taken care of this need.
I don't care what you sell, but if it's to the baby boomer crowd, you're golden. And those folks have their financials together much more than future Millenials and Gen X'ers and beyond. So while the market may get smaller in 15-25 years, the demand will increase.
Nobody wants to buy life insurance. It takes someone with sales skills to show them the benefits that solve their problems.
Now things may change in the coming decades where landing pages, automations, and AI will warm people up to that point of decision, but I think it will always require someone good at sales to push them past their natural procrastination.
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