Posted by How to buy US insurance in 2022?What do you think?
American Life Insurance Guide©️Jin, an American fund practitioner in the community, as an insider, shared with me his experience of applying for American life insurance at different times.This article has been organized and edited by TLT editors, and concluded that "Buy US Insurance in 2022"4 experiences and experiences for policyholders and investors to refer to.
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1. Avoid salespeople, seek consultants
at insurGuru©️ Insurance Academy's "What is a life insurance broker?What are the pros and cons of hiring a broker?"As pointed out in the article,A life insurance broker is essentially a salesperson (Sales) and does not contain any professional competence.
Finding great salespeople to work with is a very productive experience when we know exactly what we want.
But in the vast majority of cases, the policyholder or investor is not an expert in the field of financial insurance.For the purchase of financial products, "Avoid salespeople, seek consultants, is the basic consensus.
- Try to avoid Sales (sales staff) to do insurance financial planning.There are two reasons. One is because the only goal of insurance salespeople is "sales". For some multi-level marketing insurance brokers, one more goal is "additional staff".salesperson inThe limited type of product selection and the singleness of the profit model are essentially in conflict with the interests of policyholders or investors.
- Second, due to regulatory and professional constraints, life insurance brokers are not financial advisors and cannot provide clients with professional advice on financial planning without additional professional certification.
therefore,Seeking the assistance of a life insurance consultant with professional competence and avoiding sales-oriented "market education" can not only help us avoid the intake of wrong information, but also benefit from a long-term perspective.
The U.S. insurance industry regulator is also fully aware of this. From 2021, from the perspective of regulations, it will promote the new DOL guidelines and promote the entire U.S. financial and insurance industry.life insurance sales broker, ToLife Insurance AdvisorChange.
2. There is no best insurance product and plan
There is no best insurance product and plan.Say important things 3 times.
life insurance和Annuity insuranceProducts, different products have their own good.Different insurance companies have their own advantages and subdivisions.
If someone told me, this insurance is the best.My understanding is that the other party may have limited access to professional education, or, in other words, have other plans.
Just ask, thousands of insurance companies in the US market, under such frequent market competition of upgrading, if there is the best product solution, then other companies will only close their doors.
In the real world, some insurance companies are very suitable for retirees over the age of 60, some focus on asset risk management for high-net-worth clients, and some are suitable for middle-class families who value comprehensive protection.
Compare and choose the advantages and disadvantages of insurance products of different insurance companies, and find the most suitable solution for our current needs. This is the best choice.
3. The product sells well, does not mean the product is good
There is fierce competition in different insurance market segments.From 2020 to 2021 alone, with the changes in regulations, the frequency of upgrading and upgrading of American life insurance products has set a record.
In order to stand out in the fierce market competition, insurance companies must make real innovations in products - "leave the hard work to yourself and give the benefits to others" - to benefit the policyholders or investors more;
Or go the other way and find another way in the sales model and sales channel, so that the distributors can benefit more and stimulate sales.
In the past year, some insurance companies have chosen to benefit policyholders and investors by developing new functions and enhancing the competitiveness of insurance products.The interests of agents and brokers will be reduced, the market sales momentum will be insufficient, and the share will not be very large.
For the latter, commercial innovation is carried out in sales channels and distribution models. Distributors are often more willing to promote specific insurance products under the stimulation of interests. The income of brokers also rises, and the final market share gradually increases.
My principle is to carefully look at insurance products with a high market share, which institutions are pursuing them, and what are the main sales channels?
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4. No one can replace you, your decision matters
Our own judgments and decisions are crucial.
Whether it is "asset management", "living benefits", or "wealth inheritance", these are just the tools of insurance products, which are used in solutions in different professional fields.
The most important question is, what is the goal of our insurance?
Is it an investment to diversify asset risk?Or a Comprehensive Comprehensive Illness Warranty?Or are you looking for high leverage to pass on a wealth to your family?Do I know what I want?
In most cases, what we initially think and what we actually do are two completely different things.
superiorFinancial Insurance Financial Advisor, will discuss and analyze our insurance needs and help us clarify our thinking.
More importantly, in the process of communication, we can obtain correct and reasonable insurance financial education, so as to rationally discuss the advantages and disadvantages of different insurance plans with insurance financial advisors, and make common sense judgments that suit our own interests. .
Ultimately, the decisions are made by ourselves.Only you are the one who knows the situation of your family and family finances best.But at the same time, we cannot all become financial experts in the life insurance industry.
Therefore, we need professional assistance more than salespeople to achieve our financial needs. (End of full text)
