Hello,
Due to the increasing prices and inflation problems in the economy is anyone experiencing lower conversions and/or higher chargeback percentages for final expense products?
I'm just getting back into life insurance after some time away, and I'm curious if I'm swiming against the current trying to sell final expense due to the economy since many final expense customers have low and/or fixed financial resources. When push comes to shove and they have to choose between paying for their groceries and heating bill this winter as inflation climbs versus paying their final expense premium I'm curious if this is causing lower than normal persistency & conversions?
Thank you for your insight and thoughts.
Randy
Due to the increasing prices and inflation problems in the economy is anyone experiencing lower conversions and/or higher chargeback percentages for final expense products?
I'm just getting back into life insurance after some time away, and I'm curious if I'm swiming against the current trying to sell final expense due to the economy since many final expense customers have low and/or fixed financial resources. When push comes to shove and they have to choose between paying for their groceries and heating bill this winter as inflation climbs versus paying their final expense premium I'm curious if this is causing lower than normal persistency & conversions?
Thank you for your insight and thoughts.
Randy