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Create a client package to generate interest

September 4, 2014 by

In a previous blog post, Help your clients provide a legacy, you met Joe. Joe was a 62-year old retiree who wanted to provide a legacy for his daughter.

You meet people like Joe every day, because you have clients just like him in your existing database. They’re looking for ways to provide an inheritance for their families. But, you can’t help Joe and clients like him if you can’t get in front of them.

A client package is one way to let clients know that you’re there to help. By offering an estate book package, you can let clients, similar to Joe, know you want to help them with their legacy planning.

This can help ease the burden of paperwork that results in a loved one’s passing. An estate book outlines everything loved ones will need to know to help:

    1. Prepare for a funeral.
    2. Contact the necessary legal parties.
    3. Locate a copy of the will.
    4. Access important insurance documents.

If you need more details on what to include in the package, click here.

Once you’ve started the conversation, you can introduce them to the Safe ReturnSM fixed-indexed annuity with the optional Inheritance EnhancerSM guaranteed death benefit rider from Great American Life Insurance Company®. The Inheritance Enhancer is specifically designed to help clients who want to offer financial support for their families after they die.

To learn more, or receive a custom illustration on the Great American Life® Inheritance Enhancer guaranteed death benefit rider, simply call me at 800.362.1097.

 

Contract form number P1074509NW and rider form R6042513NW. Not available in all states.

The Inheritance Enhancer is an optional rider for which there is an annual charge.

2906-SP-18

Travis Redfern

Travis Redfern is a Relationship Manager for Brokers International. He works closely with key producers to help identify products and services that they can use to grow their businesses. Travis has been with Brokers International since 2002. In his spare time, he enjoys hunting, golfing, team roping, time with friends and family and escaping to his “man cave” to watch football. ADR-1263

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Don’t be deceived by life insurance myths

August 21, 2014 by

September is Life Insurance Awareness Month, so I thought it was a good time to share some common myths about life insurance. You might want to consider using these as talking points with customers who are on the fence about securing a life insurance policy.

Group life insurance coverage through your employer is adequate.

  • “Group life insurance creates a false sense of security, because it’s usually not enough to cover the life insurance needs of most individuals,” according to Keith Kruk, regional vice president of Fidelity Investments Life Insurance Company.1

Most people wait to get life insurance until they have their first child.

  • According to LearnVest, a New York based financial planning company, “While 72% of married workers have life insurance, that figure ticks up to just 75% for married couples with young children.”2

You’ll have to pay taxes on the death benefit from your life insurance policy.

  • LearnVest argues that, “In nearly all circumstances, benefits paid upon death are not taxed.”3

Only the breadwinner needs life insurance.

  • “Imagine if something were to happen to the stay-at-home spouse in your family. The breadwinner may need to hire someone to clean and take care of the kids and that can cost a lot of money,”4 suggests Marvin Feldman, President and CEO of Life Happens, a life insurance non-profit organization.

Life insurance is really expensive.

  • A recently-conducted study by Life Happens and LIMRA found that of Americans who admit to needing more life insurance, 80% overestimated the cost.  In fact, 25% of those respondents “thought that the price for a $250,000 term policy (that would cost $150 per year) would cost at least $1,000 annually.”5

With all the myths out there, it’s important that you get the right information about life insurance. Give us a call at 866.528.7933 for more information on how you can help your clients protect their loved ones.

 


 

Fidelity Viewpoints. “How to layer life insurance for full coverage.” Fidelity. 28 April 2014. Web. 1 August 2014. https://www.fidelity.com/viewpoints/layered-life-insurance

Wicker, Alden. “The facts and myths of life insurance.” LearnVest. 1 May 2013. Web. 1 August 2014. http://www.learnvest.com/knowledge-center/the-facts-and-myths-of-life-insurance/

Wicker, Alden. “The facts and myths of life insurance.” LearnVest. 1 May 2013. Web. 1 August 2014. http://www.learnvest.com/knowledge-center/the-facts-and-myths-of-life-insurance/

Carter, Erik. “7 myths about life insurance.” Forbes. 6 June 2014. Web. 1 August 2014. http://www.forbes.com/sites/financialfinesse/2014/06/06/7-myths-about-life-insurance/

Durham, Ashley. “2014 insurance barometer study.” United Underwriters Incorporated. 2014. Web. 1 August 2014. http://www.uuinc.com/news/limra%20study.pdf

Pat Lanigan

Pat Lanigan, CLU & President, Brokers Life, has been with the company since 2001. He is constantly working to provide easy-to-follow life concepts and offer support and education to insurance and financial professionals that include life insurance in their practice.

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Use television to build your reputation and credibility

August 12, 2014 by

Your personal brand, your reputation and your credibility are three very important things to continue building along with the size of your practice. One way to build on them is through your local television news.

When you work with Brokers International, you get access to our exclusive partnership with Media Minefield. Media Minefield is a Minneapolis, MN-based company that helps individual financial professionals gain access to valuable local television time without the cost.

Television news is an ideal medium for professionals to establish themselves as a committed financial professional to viewers in their area.  A recent study by data-collection company GMI found that television news is the most trusted medium, and that 73% of Americans prefer to get their news from television.1

Recently, Media Minefield drew the attention of InsuranceNewsNet Magazine, a top industry news source. InsuranceNewsNet Magazine featured a Q&A with Skip Johnson, a Minnesota-based agent who attributes his success to working with Media Minefield. 2

Skip Johnson and a colleague founded Great Waters Financial in New Hope, MN, in September 2012.  Appearances on local television news, facilitated by Media Minefield, has helped Skip get his name into the community and increase his influence.

It didn’t take Johnson long to start seeing the fruits of his labor. He received positive results “within a matter of months.”

“We were a brand new company and were getting feedback from our appearances,” Skip said. “Television provided us with name recognition that otherwise could have taken years to develop.”

Once you make an appearance on the local television news, you can use those clips on your website, social media pages, or other advertising pieces. By doing this, your credibility can still grow even if an individual didn’t see your segment on the news.

To learn more about how Skip Johnson benefited from working with Media Minefield, download the full InsuranceNewsNet Magazine article here.

 


1 Shearman, Sarah. “Social is the rage, but consumers still trust TV news: study.” PR Weekly. N.P. 27 March 2014. Web. 5 August 2014.

2 “Television News Helped This Independent Professional Increase His Public Profile.” InsuranceNewsNet July 2014: 27. Web.

Travis Redfern

Travis Redfern is a Relationship Manager for Brokers International. He works closely with key producers to help identify products and services that they can use to grow their businesses. Travis has been with Brokers International since 2002. In his spare time, he enjoys hunting, golfing, team roping, time with friends and family and escaping to his “man cave” to watch football. ADR-1263

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Women want an experience, not a transaction

August 8, 2014 by

Your female clients don’t want to be a participant in a transaction, they want to engage in an experience. And they want to feel cared about throughout the entire process.

“Financial professionals need to understand that for many women, service-related issues are as important as concerns about returns on investments,” According to the Women, Money and Power study conducted by the Allianz Life Insurance Company of North America.1

The study also showed that many women are displeased when there is a lack of responsiveness or if they feel they’re getting “cookie-cutter” responses or solutions.

Another of the study’s findings was that women prefer a different kind of learning. They prefer a method that’s more social, relatable, and affordable. And they prefer this learning to be facilitated in groups with other women of similar life experience.

What does this mean for you?

This means that when you’re doing business with female clients, make sure you’re adding a personal touch to your communications. Give them an extra phone call, an added email, or simply respond to an email with a “thank you” confirmation. There are many ways to personalize a relationship with a female client, so find a way to help her engage during the client experience.

These findings were just a small portion of Allianz’s Women, Money and Power study. To learn more from the study and gather insights about what these findings mean for your business, download the full study here.

 

1The Allianz Women, Money, and Power Study: Empowered and Underserved. Rep. Allianz Life Insurance Company of North America, Mar. 2013. Web. 8 Aug. 2014. <https://www2.allianzlife.com/Variable/content/public/Literature/Documents/ENT-1462-N.pdf>.

 

Karen Bump

Karen Bump joined Brokers International in 2011 as the Coordinator for the WOMAN Program. Karen is passionate about providing resources, education and networking opportunities to women in the industry. When she’s not at work, Karen enjoys being active, watching college football, traveling, and spending quality time with her husband, three kids and Yorkie.

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Put yourself out there

July 30, 2014 by

As you learned in my previous blog, consumers crave content.

But to be effective, your content needs to be seen.

Use these three tips to help you get writing; get published and ultimately, be seen.

1. Publish content in small, easy-to-digest chunks.  This makes it easier for your reader to understand and remember.  Frame content in a way that provides your client or prospective client with a solution to a problem. Compel them to contact you.

2. Don’t be afraid to recycle your content. That means that you can publish it in more than place. Save yourself the time and/or money that goes into publishing large volumes of content. A little can go a long way, if you are strategic.  Here’s an example of how you can create one piece and use it multiple ways:

  • Write a blog featuring tips your clients can use to help prepare children for college. Post it on your website.
  • Write one or two brief sentences to entice your audience to read the blog and post them on LinkedIn and Facebook. Provide a link to the blog.
  • Place reprints of the blog in your office for clients to read while they are waiting for you; or send an email with a link to the blog to clients who have children preparing for college.

3. Before publishing, obtain the appropriate compliance approval needed for each piece of content you’ve created. Send pieces with similar content to compliance at the same time to help make the process faster and more efficient. (Click here to learn how to stay compliant on social media.)

By publishing content regularly, your clients and prospective clients will more than likely come to know you as a resource. It’s also likely they will think of you the next time they are looking for a potential solution.

 

The Best Annuity? It Depends…

July 22, 2014 by

Two of the most common questions asked of sales support representatives at Brokers International are:

  • Who has the best annuity?
  • Who has the best income rider? 

Unfortunately, these common questions do not have easy answers.

There is no “best” annuity or “best” income rider, because there’s not a one-size-fits-all solution.

Insurance companies offer various annuity products and riders because each client has different needs and goals for their retirement dollars. Those needs differ based on factors such as age, risk tolerance, withdrawal needs, etc.

You may be tempted to only offer annuity products from one insurance company to your client because the choosing between all of the available options can seem challenging. Also, it can be time-consuming to research other options.

That’s why we created the Annuity Product Search and Compare tool. On our website, you can use this tool to generate a list of potential annuity solutions by simply entering your client’s criteria. You have the ability to explore available options that may fit your clients’ needs. Click here to use the Search and Compare tool.

However, if you don’t want to spend time researching on your own, we’ve still got you covered.

At Brokers International, it’s our job to help you find ways to better serve your clients, and that includes researching products. Finding the right annuity or income rider for your client can be a challenging task, but you’ll find that with our help, you’ll be able to spend less time researching the annuity options and more time building relationships and growing your business.

Call our annuity sales support team to discuss your next case at 800.362.1097.

 

Travis Redfern

Travis Redfern is a Relationship Manager for Brokers International. He works closely with key producers to help identify products and services that they can use to grow their businesses. Travis has been with Brokers International since 2002. In his spare time, he enjoys hunting, golfing, team roping, time with friends and family and escaping to his “man cave” to watch football. ADR-1263

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What works for Richard Price

June 24, 2014 by

RichardpriceName: Richard Price

Firm: Secure Financial Strategies, LLC, in Weston, FL

Years in industry: 10

Licenses: ChFC®, CRFA™

 

Throughout the past decade, Richard Price has built a successful career around helping his clients prepare for retirement. He goes beyond helping them accumulate wealth by advising them how to use it.

Prior to becoming a financial professional, Richard spent a considerable amount of time in the academic world at Regent University in Virginia Beach, VA. He has master’s degrees in psychology, organizational leadership, and business development.

When he’s not in the office, Richard enjoys trying different foods from all around the world. He has flown to France, New York, Los Angeles, and other cities just to experience their local culinary offerings.

What marketing techniques work well for you?
Getting in front of groups and sharing my passion with them works well for me. As a marketing tool, seminars allow me to convey my passion for retirement from a genuine and honest posture. For example, right now I’m doing a seminar in which I teach a college program on retirement planning.

What piece of advice did you receive early in your career that has stuck with you?
“Never forget in the dark what you learned in the light.” You will go through hard times that will bring suffering, but you cannot let that moment define you. You cannot forget what you learned when you weren’t in those tough positions.

What is the key to your success?
Our industry is about service and because of that, you’ve got to be genuine and honest in everything you do. If someone in our industry is genuine and honest only to increase sales, there’s no value in that. If you are genuine and learn how to treat people properly, people will trust you, even if you don’t make the sale. Recognizing the value of being genuine and honest has been the key for me.

 

Travis Redfern

Travis Redfern is a Relationship Manager for Brokers International. He works closely with key producers to help identify products and services that they can use to grow their businesses. Travis has been with Brokers International since 2002. In his spare time, he enjoys hunting, golfing, team roping, time with friends and family and escaping to his “man cave” to watch football. ADR-1263

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Create content that engages your customers

June 18, 2014 by

Consumers crave content, which explains why the phrase “content marketing” has generated so much buzz in the past year.

A study by the Custom Content Council found that 78% of consumers believe that organizations providing custom content are interested in building good relationships with them.Deeper in the study, they find that customers don’t necessarily want content that’s selling them a product. They want something that provides benefits and value.

As a financial professional, you don’t need a Pulitzer Prize to create content that engages customers. You just need to transfer what you already know into a format that clients can consume.

Consider consolidating big ideas that have come up in client discussions into a series of tips. This allows you to break big concepts into bite-sized pieces that are easier for you to write and your clients to digest.

Here’s a list of “tip” topics to consider:

  • How to prepare for a child whose entering college.
  • Things to consider when a parent needs long-term care.
  • What to do with unplanned, extra income (tax returns, bonuses, etc.)
  • Preparing your estate so your beneficiaries are protected.
  • How to take an inventory of your retirement strategies.

Get writing. Before you know it, you’ll have enough content to keep your customers engaged. In the next installment of the blog, you’ll learn the different places to publish your content.

 


150 Stats You Need to Know About Content Marketing. (n.d.). 50 Stats You Need to Know About Content Marketing. Retrieved June 12, 2014, from http://blog.newscred.com/article/50-stats-you-need-to-know-about-content-marketing/4d5125444fcd2d72ebd17b282107d742