by Peter Zinnen | Jun 22, 2023 | Uncategorized
Nationwide has been a staple of the LTC industry for nearly 25 years and their CareMatters Hybrid product has had great success helping clients plan and protect themselves from a long term health care event. Recently Nationwide has introduced an update to their CareMatters product called, CareMatters Together. This is the first joint hybrid indemnity plan on the market. Here are some of the highlights: Cost-effective benefit coverage for 2 people – in most cases the second to die life insurance benefits provides the same coverage for less than separate policies. Flexible, shared pool of benefits – 1 large pool of money provides both clients with access to the funds. Provides more flexibility if 1 clients needs care for longer. Cash Indemnity benefits – no need to submit receipts, and anyone including family members can provide care. Potential tax advantages: separately identifiable LTC and life insurance premiums – The LTC read more
by Peter Zinnen | Jun 20, 2023 | Life Insurance, Property and Casualty Insurance
Customer service representatives play a crucial role in building strong relationships with clients. While their primary focus is on addressing inquiries and providing exceptional service, they also have a unique opportunity to identify potential cross-selling opportunities, such as referring clients to a life insurance agent. In this blog post, we will explore a simple and effective approach for customer service reps to ask about life insurance and provide referrals, ensuring clients receive comprehensive coverage while maximizing business opportunities. Build Rapport and Establish Trust: Before diving into any sales-related conversation, it’s essential to build rapport and establish trust with the client. Take the time to understand their needs and address any concerns they may have. By fostering a positive and trustworthy relationship, clients will be more open to discussing additional coverage options like life insurance. Identify Life Events: One effective way to introduce the topic of life insurance is by focusing read more
by Peter Zinnen | Jun 15, 2023 | Uncategorized
As an insurance agent, your role extends beyond providing coverage for your clients’ immediate needs. It’s essential to address their long-term financial well-being, and a critical aspect of this is discussing long-term care planning. By engaging in conversations about long-term care, you can empower your clients to protect their assets, secure their future, and navigate the challenges of aging. Let’s explore why it is crucial to ask your clients about long-term care planning. Protecting Financial Assets Long-term care expenses can drain savings rapidly, leaving individuals vulnerable to financial hardship. By discussing long-term care planning, you can help your clients understand the potential risks and explore suitable options to protect their assets. Long-term care insurance, for example, provides coverage for extended care needs, ensuring that your clients’ hard-earned savings remain intact, even in the face of unexpected health challenges. Nurturing Family Relationships Unplanned long-term care needs can place immense strain on read more
by Peter Zinnen | Jun 13, 2023 | Uncategorized
Introduction: As insurance agents, you’re constantly searching for products that offer security, growth potential, and peace of mind for your clients. With the new improved interest rate environment…Enter Fixed Multi-Year Guarantee (MYG) annuities, a game-changer in the insurance industry. In this blog post, we’ll explore the benefits and features of Fixed MYG annuities and explain why they should be an integral part of your portfolio. Secure and Predictable: Fixed MYG annuities are renowned for their stability and security. With a fixed interest rate over a specific period (typically 3-10 years), these annuities provide your clients with a predictable income stream. This stability is particularly attractive for risk-averse individuals looking to safeguard their financial future without worrying about market fluctuations. Competitive Growth Potential: Despite the fixed interest rate, Fixed MYG annuities still offer competitive growth potential. The guaranteed rate ensures a minimum return, and some policies provide additional opportunities for growth read more
by Peter Zinnen | Jun 8, 2023 | Life Insurance
Life insurance is a financial product that provides financial security for your loved ones in the event of your death. It can help to pay for final expenses, replace lost income, and provide for your loved ones’ financial needs. It is important to consider these 5 Things to Consider When Buying Life Insurance. When choosing a life insurance policy, there are five important factors to consider: The type of policy. There are two main types of life insurance policies: term and permanent. Term policies provide coverage for a set period of time, while permanent policies provide coverage for your lifetime. The amount of coverage. The amount of coverage you need will depend on your individual circumstances, such as your income, your debts, and your dependents. The premium. The premium is the amount of money you will pay each month for your life insurance policy. The premium will vary depending on read more
by Brian | Apr 26, 2023 | Life Insurance
Life insurance is a critical investment that provides a financial safety net for you and your loved ones. Unfortunately, there are many myths and misconceptions about life insurance that prevent people from getting the coverage they need. In this article, we’ll be debunking life insurance myths to help you make informed decisions about your financial future. Myth: Life insurance is only necessary for those with dependents. Fact: Life insurance can benefit anyone, regardless of age or whether they have dependents. Life insurance can help cover final expenses and provide a financial safety net for loved ones. Myth: Life insurance is too expensive. Fact: The cost of life insurance can vary depending on factors such as age, health, and coverage amount. However, there are affordable options available, and getting life insurance at a young age may be more affordable as premiums are typically lower for younger, healthier individuals. Myth: I don’t read more
by Peter Zinnen | Apr 20, 2023 | Life Insurance
Buying life insurance can be a daunting task. There are many different factors to consider. Factors such as the type of policy you need, the amount of coverage, and the cost of the policy. If you’re not sure where to start, working with a qualified life insurance agent can be a great way to overcome life insurance concerns. A life insurance agent can help you overcome many of the common concerns that people have about buying life insurance. For example, they can help you understand the different types of policies available, the cost policies, and the benefits of each policy. They can also help you choose the policy that is right for your individual needs and budget. In addition, a qualified life insurance agent can help you avoid the common pitfalls that people fall into when buying life insurance. For example, they can help you avoid buying a policy that read more
by Brian | Mar 30, 2023 | Life Insurance, Uncategorized
Life insurance is a crucial financial tool that can provide financial security and peace of mind for families in the event of an unexpected death. However, many people are put off by the perceived cost of life insurance, assuming that it is too expensive to be affordable. In reality, life insurance can be very affordable, and not having it can end up costing a family a lot more in the long run. Affordability and Importance of Life Insurance is too important to overlook! There are two main types of life insurance: term life insurance and permanent life insurance. Term life insurance is the most common and straightforward type of life insurance. It provides coverage for a set time, such as 10, 20, or 30 years. If the policyholder dies during the term of the policy, their beneficiaries receive a tax-free death benefit payout. Term life insurance is affordable and a read more
by Peter Zinnen | Feb 23, 2023 | Life Insurance
Life insurance is a crucial part of financial planning for many families. However, for individuals with pre-existing health conditions, getting life insurance coverage can seem like a daunting task. That’s where the Thompson Agency comes in. Unlocking Life Coverage Using our 5-Steps for Health Issues, we have assisted countless people in obtaining affordable life insurance coverage despite their health issues. Unlocking Life Coverage: 5-Steps for Health Issues Step 1: Don’t assume your client won’t qualify for Life Insurance.The first step in the Thompson Agency’s approach is to not assume that your client won’t qualify for life insurance. Many people with pre-existing health conditions believe that they are automatically disqualified from getting life insurance coverage. However, the Thompson Agency has had success obtaining affordable life insurance coverage for people with histories of obesity, diabetes, heart disorders, stroke, sleep apnea, hepatitis C, depression, smoking, DUI, and more. By not assuming that your read more
by Peter Zinnen | Feb 2, 2023 | Life Insurance, Property and Casualty Insurance
Property and casualty insurance agencies play an important role in protecting people and businesses against the financial losses associated with accidents and natural disasters. While these types of insurance are crucial, they don’t address one of the biggest risks that everyone faces: death. Offering life insurance will help maximize client protection and help your clients ensure their loved ones are financially secure, even if they’re no longer around. Here are the top five reasons why property and casualty insurance agencies should consider offering life insurance: Complementary protection: By offering both property and casualty insurance and life insurance, you can provide a comprehensive coverage plan that addresses all of your client’s insurance needs. Clients will appreciate the one-stop-shop convenience, and you’ll be able to build a stronger relationship with them by becoming their trusted advisor for all of their insurance needs. Increased revenue: Offering life insurance can help you increase your read more
