Negative Views of Insurance Professionals?

[briko3]

That and a lot of insurance companies lie to new agents about their products so they can get you to sell more.
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maybe "mislead' is a better choice of words.....
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Later as you look around and communicate with fellow agents you learn and thankfully so, that there are many great companies out there for people to choose from.

You mean that Northwestern Mutual isn't the ONLY company worth going with?..........hahahahahahhaha

 

[moonlightandmargaritas]

I bet a lot of wealth gets eaten up by the government unecessarily.

An understatement if ever there was one!

 

[jody108]

I told my dad about my test and I wasn't expecting a pat on the back but wow he was so negative! He works in the financial industry himself. I just wanted to cry and was more surprised and shocked. It was just something I brought up in small talk. He asked what we were up to and I mentioned that I was studying for it.

Maybe its your chance to prove him wrong...

 

[arnguy]

Not to worry, catowned. Anybody that loves cats must be a wonderful human being and will do well in a people business, which insurance certainly is. Forge ahead and prove your dad wrong.

 

[ksigmtsu]

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maybe "mislead' is a better choice of words.....
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No, Lie is a better choice of words. I was told that non-med term was literally the best type of life insurance, that it was easier, the clients preferred it, and it was cheaper than medically underwritten term, then I was handed folders of information that included no price comparisons to medical term, and given methods to pressure sell non-med term on people as my FIRST training. I was specifically trained to lie, the people who trained me were "disappointed" when I started doing research because 600/month premiums seemed a bit too expensive to me.

If anyone has 1 year aged emg or naa leads in tennessee that they already sold a non-med term policy, I'll buy them for 2 dollars a piece and try to fix what you did to those people. You won't get any chargebacks if they're at least 1 year old. You can make 2 more dollars, and feel better because you aren't screwing the people over anymore. At least they'll have a chance to hear honest answers to their questions. I won't report you, just because I sort of feel like you'd be making a confession as to what you did and trying to repent from it, although I would strongly suggest getting away from those companies.

 

[medx]

Another issue is that is it very easy for just about anyone to become an insurance agents. Take your 40 hours, pass the test and then your out there pushing something you don't know much about. A lot of new agents know nothing about what they are selling and are just looking for a fast buck.

True. Most Agents give up within the first year too.

Medicare Information and Medicare supplement Insurance plans
American Seniors
www.americanseniors.com

Medicare supplement insurance website
National medicare Supplements
www.nationalmedicaresupplements.com

 

[lostnytechie]

Don't take it to hard. No matter how harsh it may have been. Like arnguy said, prove him wrong! Just stick with it and keep forging ahead. Best of luck!

 

[ksigmtsu]

You can be a damn good agent giving a unbelievable service to people if you try. In particular, I average saving people around $500 a year, each, on medicare supplement and part d. I average saving people about $40 a month on individual health. My average monthly savings converting people off bad non-med term life with the same face and term length is over $100 a month, sometimes over $300 a month.

You can make a hell of a living just fixing other agents bad policies, it takes a lot more studying and knowledge than learning to sell does, but I'd bet ANYTHING you have higher retention of policies on the books when you've saved someone $4000 a year because someone else did something ignorant and you fixed it.

I LOVED that "I fix 6 dollar haircuts." Ad during the super bowl. I think I'm gonna literally do an insurance marketing campaign based around "I fix overpriced insurance policies."

 

[Franz Kafka]

He travels to Asia and writes about stock options.

In that case he has already ruined more lives than you ever will and you'll help more people than he ever has in his whole career. Stock and future options are a casino scam - much more than individual stocks and futures.

Have some integrity and stick to it then you won't need anyone's friggin approval.

 

[drcoastline]

Catowned.

Truth is there are a lot of unethical agents looking to line their pockets not take care of the client. Most people are skeptical of the "insurance Industry" in general. But also know we are not alone. Most people don't like lawyers, politicians, bankers, used car sales people.

It seems you have a good attitude and care and will do your best for people. As a result you will become the best and get referrals. Take more CE then you need and become a student of the industry. Stay true to your values and you will be the person everyone turns to. Be prepared for negatives and adversity it is human nature and our our industry is viewed negatively. The best advice I can give you is "DO NOT take No's and negativity personally". When possible have claim checks sent to you and hand deliver them to your client and sympathise with their loss. You don't want to be just an order taker.

I'm starting to ramble.

Oh and when you find with hard evidence someone has acted unethically turn them in.

Good luck you will do just fine.

Donovan