There is absolutely no Magic in Insurance
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There are a large amount of ads for insurance on the market. With so many ads, and so much clutter in the insurance marketplace who in the event you do business with?
The reality is there is no real magic with insurance. The insurance one agent sells is the same stuff you can purchase from just about any other agent on the market. As long as it comes from a reputable insurance carrier you truly can't go wrong. So why so much hype and advertising about "my product is better than your product" or "my company is the better"? It is similar to claiming that Tiger Woods is a good golfer in the world just because he uses Nike clubs. If which were true you or I possibly could take his clubs from to the course and keep pace right with him. Obviously that isn't the case. If you were trying to become a champion golfer would you rather have Tiger's clubs, or his coach?
Agents that focus only on product do a great disservice to clients. Your client may end up with an okay policy, however they are falling far short of their potential. Insurance that is properly understood and utilized is definitely an extremely powerful tool for both protection and wealth building. Everyone understands that it could protect your household, but it can also be used to improve your existing assets, create new assets, and build wealth.
It is not the merchandise which makes this possible, it's the coaching. As mentioned above, there is no magic in insurance. If you don't understand how to coordinate your insurances with one another and with your other assets, it doesn't really matter how great your insurance product is. Like our example above, in the event that you buy the same set of clubs that Tiger Woods uses, but don't get coaching, your golfing technique will not be any better than it had been before.
It is also very important to understand that there is absolutely no such thing as an excellent or bad policy. This fact is so drowned out by all of the shouting in the market about whether term or expereince of living is way better, or how great indexed ULs are, or how VULs will be the best. Insurance policies, whether they be term, very existence, universal life, VUL, or any type are simply just neutral. Bad or bad. However, policies may be used well, or they may be used poorly, based on your situation and what you are trying to accomplish. get more info 've seen plenty of instances in which a fine policy was horribly misused or was placed in a situation where it certainly didn't belong.
In the current troubled economy your insurance protection is critical. It is also vital to be sure your money is being utilized as efficiently and effectively as you possibly can. Coordinating your insurances with your entire financial picture is a good way to do this. Not only will you be effectively protected, you will also put yourself in a position to enhance and build wealth at the same time.
I'm a recovering financial planner. After being in the industry for quite some time and being very successful as a normal financial planner, I had an event in 2004 that changed everything. I lost a large client. Oh yeah, this was a big case. And I lost big style. I was dealing with litigant friend of mine who owned a successful business that was just starting to turn the corner into really big profits. The short version of an extended story is that another guy in the industry got the business and blew me away. And he achieved it using the same products I was selling my friend. He was simply using those products, and coordinating them with techniques I hadn't ever imagined. The first thing I did after losing the case was to call another agent and have him what he was doing. That tripped a big learning experience, and now here I am 5 years later teaching my clients exactly the same lessons the other agent used to beat me so soundly with my client. Just financial principles that work. That's all. For more information visit my website, LightSource [http://www.livelightsource.com].
The reality is there is no real magic with insurance. The insurance one agent sells is the same stuff you can purchase from just about any other agent on the market. As long as it comes from a reputable insurance carrier you truly can't go wrong. So why so much hype and advertising about "my product is better than your product" or "my company is the better"? It is similar to claiming that Tiger Woods is a good golfer in the world just because he uses Nike clubs. If which were true you or I possibly could take his clubs from to the course and keep pace right with him. Obviously that isn't the case. If you were trying to become a champion golfer would you rather have Tiger's clubs, or his coach?
Agents that focus only on product do a great disservice to clients. Your client may end up with an okay policy, however they are falling far short of their potential. Insurance that is properly understood and utilized is definitely an extremely powerful tool for both protection and wealth building. Everyone understands that it could protect your household, but it can also be used to improve your existing assets, create new assets, and build wealth.
It is not the merchandise which makes this possible, it's the coaching. As mentioned above, there is no magic in insurance. If you don't understand how to coordinate your insurances with one another and with your other assets, it doesn't really matter how great your insurance product is. Like our example above, in the event that you buy the same set of clubs that Tiger Woods uses, but don't get coaching, your golfing technique will not be any better than it had been before.
It is also very important to understand that there is absolutely no such thing as an excellent or bad policy. This fact is so drowned out by all of the shouting in the market about whether term or expereince of living is way better, or how great indexed ULs are, or how VULs will be the best. Insurance policies, whether they be term, very existence, universal life, VUL, or any type are simply just neutral. Bad or bad. However, policies may be used well, or they may be used poorly, based on your situation and what you are trying to accomplish. get more info 've seen plenty of instances in which a fine policy was horribly misused or was placed in a situation where it certainly didn't belong.
In the current troubled economy your insurance protection is critical. It is also vital to be sure your money is being utilized as efficiently and effectively as you possibly can. Coordinating your insurances with your entire financial picture is a good way to do this. Not only will you be effectively protected, you will also put yourself in a position to enhance and build wealth at the same time.
I'm a recovering financial planner. After being in the industry for quite some time and being very successful as a normal financial planner, I had an event in 2004 that changed everything. I lost a large client. Oh yeah, this was a big case. And I lost big style. I was dealing with litigant friend of mine who owned a successful business that was just starting to turn the corner into really big profits. The short version of an extended story is that another guy in the industry got the business and blew me away. And he achieved it using the same products I was selling my friend. He was simply using those products, and coordinating them with techniques I hadn't ever imagined. The first thing I did after losing the case was to call another agent and have him what he was doing. That tripped a big learning experience, and now here I am 5 years later teaching my clients exactly the same lessons the other agent used to beat me so soundly with my client. Just financial principles that work. That's all. For more information visit my website, LightSource [http://www.livelightsource.com].
