Insurance Companies are Really Busy Right Now
Rates have risen consistently over the last 3-4 months, widening the spread of insurance companies. With all of that going on, people are looking for ways to protect their money, which results in a flood of insurance contracts. With rates rapidly changing, companies are preoccupied with expanding their sales force. Some companies are handling it well, while others are in a dramatic fallout. It’s a competitive market, and these companies are working tirelessly to keep up.
What You’ll Learn From This Episode:
[1:29] Why are insurance companies really busy right now?
[8:00] If you’re using an IRA, an application should be processed before the insurance company will transfer paperwork to a custodian
[9:30] No matter how good the product is, the extra benefit is not necessarily worth the complex contract service over the life of the contract
[10:48] There’s a rumor that life insurance is a lot more financially stable and you get better ratings for having consistent revenue streams for life insurance
[4:10] “The business is competitive, so the first thing most companies do is create a better product.”
[15:22] “I’m glad that so many people are getting into annuities to protect their money. It’s a great product and this is a very good time to do it.”
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