Is the life insurance market going to drastically drop due to the possible recession?
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Re: Is the life insurance market going to drastically drop due to the possible recess
Thats fine, but this isnt about my "opinion". That post was based on the FACTUAL definition of what the term "Recession" means. BTW, I never claimed my opinion was more "sage" than his, so put your pants back on.
Nice. I see you know a lot about Charlotte and all of the sterotypes of southernors, huh?
I'm looking into that niche because after being laid off myself last year, I was amazed at how many people from the same company I worked at in SoCal were planning on hopping on COBRA once their benes died off at the end of the month. I only say "growth" half-humorously. If someone is paying say $800+ per month for COBRA (thats the rate that was offered to me), and is paying it currently, I would *guess* that a lower cost individual plan would help them out a little, wouldnt you think? If not, please explain why.
Thats fine, but this isnt about my "opinion". That post was based on the FACTUAL definition of what the term "Recession" means. BTW, I never claimed my opinion was more "sage" than his, so put your pants back on.
Nice. I see you know a lot about Charlotte and all of the sterotypes of southernors, huh?
I'm looking into that niche because after being laid off myself last year, I was amazed at how many people from the same company I worked at in SoCal were planning on hopping on COBRA once their benes died off at the end of the month. I only say "growth" half-humorously. If someone is paying say $800+ per month for COBRA (thats the rate that was offered to me), and is paying it currently, I would *guess* that a lower cost individual plan would help them out a little, wouldnt you think? If not, please explain why.
- 263
Re: Is the life insurance market going to drastically drop due to the possible recess
Nah, I'm actually looking at other options. They are still captive, which kinda gives me the willies right now. There are several questions that I cannot seem to get answered by anyone there. They have more companies than the ones on their website, but I cant seem to get a written list of every health company they handle. I'm also not a big fan of hopping back behind a windshield to go see 15 people per week. They do have online tools available, but wont tell me exactly what.
Nah, I'm actually looking at other options. They are still captive, which kinda gives me the willies right now. There are several questions that I cannot seem to get answered by anyone there. They have more companies than the ones on their website, but I cant seem to get a written list of every health company they handle. I'm also not a big fan of hopping back behind a windshield to go see 15 people per week. They do have online tools available, but wont tell me exactly what.
- 9,744
Re: Is the life insurance market going to drastically drop due to the possible recess
Don't know how long you have been selling insurance, but here's one thing I've learned over the last 17 years - factual definitions have got nothing to do with it!
Logic doesn't sell. Emotion sells. It's all about how people "feel". If you can understand and master that - you'll be successful. That's the kind of stuff that Warren Buffett understands.
I have lived in the south, with southerners as clients and friends for over 15 years. Hell, I've even got a current girlfriend originally from Birmingham, Alabama!
Semper fidelis.
Don't know how long you have been selling insurance, but here's one thing I've learned over the last 17 years - factual definitions have got nothing to do with it!
Logic doesn't sell. Emotion sells. It's all about how people "feel". If you can understand and master that - you'll be successful. That's the kind of stuff that Warren Buffett understands.
I have lived in the south, with southerners as clients and friends for over 15 years. Hell, I've even got a current girlfriend originally from Birmingham, Alabama!
Semper fidelis.
- 263
Re: Is the life insurance market going to drastically drop due to the possible recess
I'm not currently selling, although I sold 16 years ago. While I understand the Warren Buffet is without doubt one of the best closers on earth, his sales ability (or mine) has nothing to do with the technical definition of "Recession". Also, I recognize Mr Buffet as one of the most negative speaking public figures I've ever heard. Not sure how he mixed that with the success he's enjoyed, but he did it. I'm not trying to sell anything to anyone in this thread. In terms of this thread, and this conversation, we have not yet gotten into what the economists would technically call a "Recession".
Again, that being said, we ARE without a doubt showing serious signs of slowing and personal and industrial conservation. People and companies simply are not spending as much money as they did this time last year. I have my theories of why this is happening now (Perfect Storm: Massive increase in fuel costs and an imploding Mortgage market/bank failures/real estate crash).
When that ends up as a ZERO or NEGATIVE growth for the quarter, then we have officially endured a "Quarter of Recession" as it was defined by the coiners of the term.
Then surely, you already know that the stereotype of all southernors being NASCAR fans (or having a southern drawl, or eating watermelon, or using outhouses, etc...) bears no semblance to reality, right? ........ especially considering that a HUGE chunk of people living in the Charlotte area are transplants from the Left Coast, Midwest, and the Northeast.
I'm not currently selling, although I sold 16 years ago. While I understand the Warren Buffet is without doubt one of the best closers on earth, his sales ability (or mine) has nothing to do with the technical definition of "Recession". Also, I recognize Mr Buffet as one of the most negative speaking public figures I've ever heard. Not sure how he mixed that with the success he's enjoyed, but he did it. I'm not trying to sell anything to anyone in this thread. In terms of this thread, and this conversation, we have not yet gotten into what the economists would technically call a "Recession".
Again, that being said, we ARE without a doubt showing serious signs of slowing and personal and industrial conservation. People and companies simply are not spending as much money as they did this time last year. I have my theories of why this is happening now (Perfect Storm: Massive increase in fuel costs and an imploding Mortgage market/bank failures/real estate crash).
When that ends up as a ZERO or NEGATIVE growth for the quarter, then we have officially endured a "Quarter of Recession" as it was defined by the coiners of the term.
Then surely, you already know that the stereotype of all southernors being NASCAR fans (or having a southern drawl, or eating watermelon, or using outhouses, etc...) bears no semblance to reality, right? ........ especially considering that a HUGE chunk of people living in the Charlotte area are transplants from the Left Coast, Midwest, and the Northeast.
- 9,744
Re: Is the life insurance market going to drastically drop due to the possible recess
Thank you for making my point very eloquently.
For your information, transplants don't qualify as true southerners until they buy Duke's Mayonnaise, and eat grits with breakfast...
Keep tryin'.
Thank you for making my point very eloquently.
For your information, transplants don't qualify as true southerners until they buy Duke's Mayonnaise, and eat grits with breakfast...
Keep tryin'.
- 263
Re: Is the life insurance market going to drastically drop due to the possible recess
For YOUR information, I'm well aware of what a southerner is, having been raised by two, and spending the majority of my life here. If eating grits and Dukes Mayo is what you think qualifies someone as a southerner, then it's painfully apparent that you have never been here.
Your "point" as you so "eloquently" put it, is MOOT. Show me Edit: two quarters of zero or negative growth, then I'll show you a RECESSION.
Until then, ZIP IT
For YOUR information, I'm well aware of what a southerner is, having been raised by two, and spending the majority of my life here. If eating grits and Dukes Mayo is what you think qualifies someone as a southerner, then it's painfully apparent that you have never been here.
Your "point" as you so "eloquently" put it, is MOOT. Show me Edit: two quarters of zero or negative growth, then I'll show you a RECESSION.
Until then, ZIP IT
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- 1,641
Re: Is the life insurance market going to drastically drop due to the possible recess
Ugliest girl I ever had the pleasure of kissing was from Alabama. In the South all the hotties are from Miss. and NOLA. Florida is overpopulated by skanks from Ohio that use a trowel to apply their makeup.
One of the great things about NOLA was the abundance of beautiful women.
Ugliest girl I ever had the pleasure of kissing was from Alabama. In the South all the hotties are from Miss. and NOLA. Florida is overpopulated by skanks from Ohio that use a trowel to apply their makeup.
One of the great things about NOLA was the abundance of beautiful women.
- 263
Re: Is the life insurance market going to drastically drop due to the possible recess
BAAHAHAHAHAHAHAHAA!!!
BAAHAHAHAHAHAHAHAA!!!
Re: Is the life insurance market going to drastically drop due to the possible recess
I'm not currently selling, although I sold 16 years ago. While I
I need to chime in. I grew up in Omaha. He doesn't close anything. What do you mean? What does he close? Business owners call him to be aquired and have for some time. Mr. Buffet and Charlie Munger simply have a freakish ability to correctly value businesses. They are paid handsomely for this skill.
He is negative? Really. When does he speak in public? At the meetings? No one even went to the meetings 20 years ago. He hates attention.
Go to the Berkshire website and read all the annual reports. Did I mention they are free? I would bet money anyone who has time to do that will increase their business in 2009. There is a certain reality to what is going on right now in our economy and in the world economy. I don't think it looks good for us.
Has anyone read what Ben Bernanke is holding as investments? Annuities....That's what I've read. Isn't a bad economy a grreat time to be buying annuities and whole life?
I'm not currently selling, although I sold 16 years ago. While I
I need to chime in. I grew up in Omaha. He doesn't close anything. What do you mean? What does he close? Business owners call him to be aquired and have for some time. Mr. Buffet and Charlie Munger simply have a freakish ability to correctly value businesses. They are paid handsomely for this skill.
He is negative? Really. When does he speak in public? At the meetings? No one even went to the meetings 20 years ago. He hates attention.
Go to the Berkshire website and read all the annual reports. Did I mention they are free? I would bet money anyone who has time to do that will increase their business in 2009. There is a certain reality to what is going on right now in our economy and in the world economy. I don't think it looks good for us.
Has anyone read what Ben Bernanke is holding as investments? Annuities....That's what I've read. Isn't a bad economy a grreat time to be buying annuities and whole life?
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