Life Or health insurance sales ?

[guylombardo]

I hear Life is where the bigger money is these days over health. any experience or Input with this?

Health there seems to be a lot of chargebacks

which markets is the best future you think?

 

[SportsNut]

I hear Life is where the bigger money is these days over health. any experience or Input with this?

Health there seems to be a lot of chargebacks

which markets is the best future you think?

Depends...lots of variables to the answers of your questions.

Depends on your skills, spheres of influence and ability to get before people for larger life cases. Most people can't get there from here. You need skills to be a top life producer, much more so than those involved in health sales.

Not many chargebacks in health if you do it right. Don't cram people into policies that aren't the right fit for them. Pressing too hard is the recipe for chargebacks. Most successful health guys have very few chargebacks...

On average, more folks can make a decent living in health than life. Obviously this varies much from person to person based on motivation and skill set. Leads are key... you have to have someone to talk to either way.

 

[bill3173]

On average, more folks can make a decent living in health than life. Obviously this varies much from person to person based on motivation and skill set. Leads are key... you have to have someone to talk to either way.

As always you are sharp as a razor. I know that you were not really cracking the people who focus on health, but your analysis is right on target.

When I switched from life full time, to a mix of both, but mainly focused on health, it was like being on vacation. I think being full time in big life sales is easier in certain parts of the country. The pressure that a life and annuities agent feels in a wealthy enclave in New Hampshire is entirely different than a thinly populated area in the South, where you are constantly reaching out to clients at a distance.

 

[myinsurebiz]

Life!

Health sucks . . .

I take advances on simple issue Whole Life and take as earned on large Term policies.

Didn't even do Term until the leads warranted a move.

Whole Life - focus on $50 premiums.

The last two Term policies I did were HUGE!!!!

One was $230 a month and one for a cat 64 years old on a million face was $1300.

HUGE!!!!

Term pays me 130% and Whole Life 115%.

On the term if they only keep it a few months - who cares!

I hated health. I hope Obama comes in and gives it free to everyone!

Obama! Obama! Obama! Obama! Obama! Obama!

Tom

 

[HomeService]

If you are going to work for NASE, health will be your bread and butter. If you are going to work for NYL, life will be. If you are going to be an indy broker, you can pick and choose.

I would say life in the long run is better for renewals, health is good for quick money if you take advances, but health has way worse presistency. Way worse. If you want to put some stuff on the books that stays, I would say life and DI, long term care, and maybe some med supps. Underage 65 health is just really temp stuff, even if it is sold as permanent, it can be temp because people shop the rates, they get a job with benefits, the spouse gets a job with benefits, so on.

 

[The Rabbi]

If you are going to work for NASE, health will be your bread and butter. If you are going to work for NYL, life will be. If you are going to be an indy broker, you can pick and choose.

I would say life in the long run is better for renewals, health is good for quick money if you take advances, but health has way worse presistency. Way worse. If you want to put some stuff on the books that stays, I would say life and DI, long term care, and maybe some med supps. Underage 65 health is just really temp stuff, even if it is sold as permanent, it can be temp because people shop the rates, they get a job with benefits, the spouse gets a job with benefits, so on.

So true. If you can socialize with larger earners, life ins will do you well. In this economy, individual health can be a disappointment as pointed out. Medicare is a good market because you can develop an annuity etc business there. Buy leads on the internet to get started.

I don't believe in working for someone else.

 

[moonlightandmargaritas]

In this economy, individual health can be a disappointment as pointed out.

Not true with me.

Individual/family health is my specialty. "This economy" is probably the largest opportunity that I have seen...

Between self-employed/1099 folks, people who lost their job and need a lower cost alternative to COBRA, and people who can save a lot by taking their dependents off a group and putting them on individual coverage, my business has never been busier! I'm writing tons of business.

Be careful who you listen to on here, there's a LOT of losers.

 

[myinsurebiz]

Be careful who you listen to on here, there's a LOT of losers.

Yea - like the Rays -

 

[guylombardo]

As always you are sharp as a razor. I know that you were not really cracking the people who focus on health, but your analysis is right on target.

When I switched from life full time, to a mix of both, but mainly focused on health, it was like being on vacation. I think being full time in big life sales is easier in certain parts of the country. The pressure that a life and annuities agent feels in a wealthy enclave in New Hampshire is entirely different than a thinly populated area in the South, where you are constantly reaching out to clients at a distance.

Ok Im from NH , so I need to dig deeper on whether to try health or Life ?
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Yes opinions make the world go round. amnd so far the difference on this thread is more confusing than enlightening.

But understand everyone has differences. I dont have a huge sphere of influence, I would prefer home working , marketing and writing rather than too much on the road.

Just trying to feel what market to try first.

 

[patch36]

Why not do both, and decide which to concentrate on when you have so much to do you have to specialize or hire someone to help you?