Is the life insurance market going to drastically drop due to the possible recession?

[Guest]

Re: Is the life insurance market going to drastically drop due to the possible recess

Do people die less frequently during an economic "downturn"?

 

[murph]

Re: Is the life insurance market going to drastically drop due to the possible recess

I haven't personally felt or been effected by a "recession", however, yes the news of a recession in the media and from quotes from reputable people such as Greenspan and the like have given me and many people the notion that we are in or are approaching a recession. It may be media made "doom and gloom", but people are reacting to it and I was curious if that fear was keeping people from buying.

 

[moonlightandmargaritas]

Re: Is the life insurance market going to drastically drop due to the possible recess

you are awful quick to start calling names. when I only asked why did he think we were in a recession.

It appears as though you don't read too well. What "name" did I call you?

YOUR quote - "Who cares what the so-called experts think."

Try this:

Buffett: Recession? Yes. Opportunity? Yes - Forbes.com

 

[magagent]

Re: Is the life insurance market going to drastically drop due to the possible recess

Actually, I read very well, I did not say that you were calling me names I said "you are awful quick to start calling names".

 

[moonlightandmargaritas]

Re: Is the life insurance market going to drastically drop due to the possible recess

I said "you are awful quick to start calling names".

OK, I'll bite. Where?

 

[moonlightandmargaritas]

Re: Is the life insurance market going to drastically drop due to the possible recess

Do people die less frequently during an economic "downturn"?

My guess would be that they die MORE frequently due to the stress, no?

 

[magagent]

Re: Is the life insurance market going to drastically drop due to the possible recess

You claim of course we are in a recession,only a fool would not acknowledge it. You may scroll down through the thread and read it for yourself.

 

[moonlightandmargaritas]

Re: Is the life insurance market going to drastically drop due to the possible recess

You claim of course we are in a recession,only a fool would not acknowledge it. You may scroll down through the thread and read it for yourself.

If Warren Buffet acknowledges it...that is good enough for me.

 

[djs]

Re: Is the life insurance market going to drastically drop due to the possible recess

Recession or not (technically, we are not in a recession, but mentally, we are), the world of insurance is recession resistant, but not recession proof.

People still need auto insurance, home insurance, health insurance, etc. If you sell correctly, they won't let thier life policy lapse.

What I have noticed is people will lower their coverages to lower their premium, but not get rid of the coverage. If you can work with this, you are set. Many agents quit trying to sell when there is doom and gloom on the news, leaving plenty of opportunity.

The truth is, for a hard working agent, there is plenty of business to be written. Just go out and get your share, and NEVER worry about what the agent next to you is doing or what they say about the market. That's the real beauty of this job, you are the boss.

Dan

 

[moonlightandmargaritas]

Re: Is the life insurance market going to drastically drop due to the possible recess

NEVER worry about what the agent next to you is doing or what they say about the market. That's the real beauty of this job, you are the boss.

Better advice has NEVER appeared on this forum.