Selling to Family members

[rmhaire]

As one poster put it in his profile signature: "You can transfer the risk or you can own the problem."

If I ever get caught playing in an illegal poker game by the vice squad, I'm using this ... We're not gambling officer, we're transferring risk.

 

[Tahoe Ray]

Insurance is professional gambling... We dress it up and make it look sexy, we have PhD's work the numbers and attempt to see the future, we use hopped up computers to analyze the risk... but at the end of the day, it's still professional gambling.

So you wholly don't respect your own profession?

 

[DHK]

If I ever get caught playing in an illegal poker game by the vice squad, I'm using this ... We're not gambling officer, we're transferring risk.

"The House always wins."

 

[walthamny]

As others said MAPD works very well if you never make a claim, especially in your life time. And agents look at it and say easy commission and clients does not have to pay a penny. That looks easier than other insurance sales because you usually have to build need/value/budget and then close. MAPD sale value is that its free, budget needed is zero and its easy to tell someone 65 years old that one day they may get sick. This is of course very misleading.

 

[goillini52]

As others said MAPD works very well if you never make a claim, especially in your life time. And agents look at it and say easy commission and clients does not have to pay a penny. That looks easier than other insurance sales because you usually have to build need/value/budget and then close. MAPD sale value is that its free, budget needed is zero and its easy to tell someone 65 years old that one day they may get sick. This is of course very misleading.

And don't forget about all the free shit.

 

[rmhaire]

And don't forget about all the free shit.

Next year they'll be giving away free sex toys. My phone will be ringing off the hook.

 

[Life Hawk]

So you wholly don't respect your own profession?

You still don't know me very well do you?

 

[Todd King]

No. Insurance is not gambling. Insurance is risk transfer to companies who can pool the risk using actuarial assumptions to factor in estimated claims and profitability. Sometimes it's more profitable and sometimes it's less... but it's always a risk transfer to the insurance company who can handle the risk.

As one poster put it in his profile signature: "You can transfer the risk or you can own the problem."

Well, we can sugar coat it if you want, but there is some gambling going on. When you take out an insurance policy the company is betting that you won't die soon and you're betting that you will. I know that doesn't sound pretty, but it's the truth.

 

[DHK]

That is a true point. To absolutely eliminate that risk. The insurance company wouldn't need actuarial assumptions... They would need a hit squad.