Hello everyone! I am especially new to the whole Insurance business. A wonderful opportunity was offered me and I ran with it. I have now got my license to sell Life/Health insurance. My desire is to do well and work hard. I have a very outgoing personality, and I'm not a "car slaesman" type of person!!! People can judge that in me... I'm honest and upfront with people, I don't try to be something that I'm not!!! WITH THAT BEING SAID:
I have been setting my own appointments, and doing really well! I don't have a problem setting appointments, I'm not scared to talk to them or meet with them... where I'm having my problem is actually getting them to keep their appointments!! This past week, my first week, I had 12 appointments, only 2 were kept and sold! What in the world can I do to make a better ratio???
My "phone presence" is more of a bubbly type of person: "Hi this is Jessica with the Williams Agency... I was looking through your files and found that no one in our office has ever talked to you about your life insurance!! Is there anyone who handles that for you?----- NO!? Well I'd love to sit with you and show you some ideas that I have for you! Would you mind stopping by the office and letting me show you some of them?" 8 out of 10 will say SURE... but never show up! What am I doing wrong?????
Another thing that I'm running into is the BIGGEST objection around here, and that is "I have insurance through work, not interested in any more or anything else!!" Is there really any right or wrong way to let them know that life insurance from work isn't guaranteed, you lose your job, more than likely you're going to lose your insurance, then you'll have to get insurance based on your age and health at that time.... Just wondering.... Any help will be greatly appreciated!
Their group life insurance will also usually increase with their age....that $300/year premium might not be so pretty in 20 years when it's $7,000/year.
Anyway, you shouldn't be asking people to come to your office. You should be going to them. I can guarantee you'll have more people "show up" for those appointments.
Hello everyone! I am especially new to the whole Insurance business. A wonderful opportunity was offered me and I ran with it. I have now got my license to sell Life/Health insurance. My desire is to do well and work hard. I have a very outgoing personality, and I'm not a "car slaesman" type of person!!! People can judge that in me... I'm honest and upfront with people, I don't try to be something that I'm not!!! WITH THAT BEING SAID:
I have been setting my own appointments, and doing really well! I don't have a problem setting appointments, I'm not scared to talk to them or meet with them... where I'm having my problem is actually getting them to keep their appointments!! This past week, my first week, I had 12 appointments, only 2 were kept and sold! What in the world can I do to make a better ratio???
My "phone presence" is more of a bubbly type of person: "Hi this is Jessica with the Williams Agency... I was looking through your files and found that no one in our office has ever talked to you about your life insurance!! Is there anyone who handles that for you?----- NO!? Well I'd love to sit with you and show you some ideas that I have for you! Would you mind stopping by the office and letting me show you some of them?" 8 out of 10 will say SURE... but never show up! What am I doing wrong?????
Another thing that I'm running into is the BIGGEST objection around here, and that is "I have insurance through work, not interested in any more or anything else!!" Is there really any right or wrong way to let them know that life insurance from work isn't guaranteed, you lose your job, more than likely you're going to lose your insurance, then you'll have to get insurance based on your age and health at that time.... Just wondering.... Any help will be greatly appreciated!
When you say "they don't show up", you are expecting them to come to you. Have you ever considered going to them or trying to engage them in further conversation and giving them the information over the phone?
You answered your own question about group insurance. Do you both tell them that and then give them examples of what comparable coverage will cost at different ages when they no longer are employed by that company?
Simply telling them isn't going to be nearly as effective as telling them exactly how much it will cost. Do you also explain to them that at that time they may not even be able to take a policy if they have incurred health problems?
------------------------------------ Professional Medicare Supplement Sales Training, Coaching and Support.
"The Perfect Contact Management Program (CMP) for the Insurance Professional" www.YourInsuranceOffice.com
877.633.0808
Also, stopping asking 'Would you mind...' it is very weak. I had trouble with this too in the beginning. Instead try, 'I want to get together with you and show you..'. Tell them what you want and why, they'll respect you more for it and show up more often. Also, a statistic I was told by a successful NML guy, first year people typically have a 50% kept ratio on appointments. Further, according to Al Granum and their statistics, a 50% close ratio is the norm. Thus, if you want 4 apps in a week, then you should be scheduling 20 appointments.
Comments to all reply's...
Dgoldenz... I ask them who is taking care of their insurance, they say work.... they are happy with it and really no need for further discussion... some have listened to examples others don't want to! The reason being that I've not gone to people's homes YET... is simply because my boss would like to see me more confident and "secure" before letting me go. He's been doing training with me. He's a wonderful boss, I have NO COMPLAINTS at all, he suggested I come on here and get advise from those who have probably been a lot more successful than He. I definietly feel that I will get a lot better response when I get the "go ahead" to meet with them in their homes. Also I'm still waiting on Erie Ins. to license me with their company, Background check.... until then I'm not allowed!
Frank Statsny: NO I've never said anything about the "health issues", normally they just say, "We have our insurance through work!" my response normally is what I mentioned above, about pricing... I'm not sure what they are paying or what is the norm?? (Like I said, I got my license to sell in the State of Pa, just about 3 weeks ago! I'm fresh, new, scared outta my mind about failure! I'm not a quitter, or a person that will give up easily, I just need to know how to overcome a lot of the objections that most of you... well "have been there done that and accomplished!")
VolAgent: Thank you for that advise, maybe that is a big problem of mine. Mr. Williams (my boss) told me that I'm a little "too nice" or "friendly" he told me to be professional to the point, NOT A JERK, but don't waste people's time, be quick about what you're saying and trying to get to! People will respect you and your position more... now people know me up here as a "Sweet Southern Belle" but he would like them to know me as a professional Life/Health insurance agent that is Honest and not going to pull the wool over their eyes. BESIDES I'm working for him, he's established his own agency of 22 years... His reputation is at stake as well as mine. Thank you for your words, I really appreciate it!!
- - - - - - - - - - - - - - - - - -
I'm up here in Smethport, PA, close to Bradford. My Bossman's office is in Bradford. I do most of my work from here at home, but He likes me to do my appointments there at his office. (For now)
Last edited by Jessica Durphy : 06-13-2009 at 09:05 AM.
Reason: Posts merged
Another piece of advice. Sadly most people are just plain stupid. Most people have a very limited area of expertise, and insurance is not one of the things they understand. That said, most people do not like having their faults or stupidity pointed out. Instead of telling them why their life insurance from work isn't sufficient, get them to tell you it isn't enough. Try to engage them in a conversation, ask questions that will make them think. Get them talking about what they want for their family should they die, what kind of income they want for their family, if they want a college fund for the children, etc.
If you are as friendly and as bubbly as you describe yourself, you should have some success with this part. You just need to find the balance between warm and friendly, and professional and frank. That said, do think about how much time you want to spend educating people. It may be a waste of your time if your boss has a large book of business for you to work. Instead focus on getting quality referrals from the people you do work with. A happy client will gladly give referrals, if asked in the right manner.
I like helping people as well. However, there are way too many people who want and need our help to waste our time with someone who will not even give us a chance to show them how we can help.
If someone I did not know called me out of the blue with this line I would want to know what kind of files they have on me and where they got them.
Maybe I overlooked it, but are you calling agency accounts, orphans or just cold calling?
At some point in your career you will be able to get people to come to you, but early on, it won't happen. Try offering to buy them a cup of coffee at or near work. If they work in a building with a cafeteria you can make a day of it hanging out there and seeing people all day long. I have done that before and it works wonders.
Back in my "convention" days I used to get a table at the edge of the lobby bar and never was at a loss for prospects.
I was told early on in my career that I was "too nice" as well and would never make it. Now almost no one accuses me of being too nice, but a buddy (and fellow agent) refers to me as his favorite mensch.
Somarco: Yes, I am calling clients that we currently have at our agency. We may carry their home and auto, but my job is to call them and "solicit" their Health/ Life Insurance. I'm also working on getting new prospects. We live in a very small remote area, doesn't sound like where you live... or the area you are working. But thanks for the ideas! Anything is appreciated!
I'm a firm believer in going to them...in their mind they are doing you a favor by giving you the time of day...then you want them to come to you? I understand that's how your boss wants it but IMO he is setting you up for failure.
2nd- Enough can't be said for follow-up cards. Thank you for your time, remind of appointment, kiss @ss cards WORK!!
I also live in a "very small remote area". I perceive this to be a distinct advantage as opposed to a hurdle to overcome.
It should be much easier for you to call and set an appointment with them especially since they are current clients. "Country people", the kind I call everyday, are generally much more receptive agreeing to an appointment than "big city folks". That is one of the main reasons I no longer market in St. Louis and Kansas City.
Your main emphasis when you call should be to get an appointment where you go to them. Use your personality to get them to agree to let you go to them to do a review of their current insurance with the intent to make sure they are not paying too much or missing out on a plan or policy with superior benefits.
If I expected people to come to me so I could make a sale I would have had to apply for that greeters job at Wal-mart a long time ago.
I don't know if I led you to believe any different, but NO Mr. Williams is not setting me up for failure! The reason I haven't been going to their homes YET, is just simply because I am not licensed with a certain company that he wants me working with, which is Erie Insurnace. It was his idea to have me come on here and see where I'm going wrong, to have your take on it. He deals more with Property and Casualty.. not Life/Health... and he actually has a problem with people just stopping in and not making appts.... so in his mindset that was the way it was going to be for me, using his current clients, using his office, using his name, He thought I would have a great success! But He and I see now that's not the case. He will just have to go with me to a few homes, for "training" until Erie will license me. (Per Erie's requirements!!)
- - - - - - - - - - - - - - - - - -
Either way, the different things on here have been a help to me and I appreciate all the thoughts and ideas!
As I mentioned before, he's going to be joining me on a few of the first "home" visits that I make, how can I let them know that my "Supervisor" will be coming out with me, without leading them to believe that I'm a newbie and a green horn that doesn't know the first thing about anything! (A lot of what I'm learning now, truthfully wasn't taught in the books! It's more of a "learn by experience" deal!) ANY suggestions on what to say or how to approach them with this?
Last edited by Jessica Durphy : 06-16-2009 at 08:01 AM.
Reason: Posts merged
I have no idea if Erie is competitive or not for life insurance. I do know this. Sometimes P&C guys hire a life/health guy (or gal) to generate more revenue. (Sometimes it is also to take the heat off them from P&C carriers who want/require more life biz).
The results are not always positive.
I worked as a life/health guy in a P&C shop years ago. A match made in Hell.
They wanted me to produce life & health business only through their P&C (multi-line) carriers. Solid carriers but life & health was not their strong suit.
After several months I convinced them to let me use carriers that actually focused on life & health and . . . sales increased.
Then the owner (my contact) died and things went downhill in the agency so I split. Not sure it would have worked long term any way.
Point is, you can do what is good for Mr Williams or you can do what is right for the client. Sometimes the two are compatible, sometimes not. That is something you will have to figure out on your own.
Not being critical, just providing some insight that may prove helpful.
As I mentioned before, he's going to be joining me on a few of the first "home" visits that I make, how can I let them know that my "Supervisor" will be coming out with me, without leading them to believe that I'm a newbie and a green horn that doesn't know the first thing about anything! (A lot of what I'm learning now, truthfully wasn't taught in the books! It's more of a "learn by experience" deal!) ANY suggestions on what to say or how to approach them with this?
Don't, when you show up just introduce your self and your "supervisor" as your "partner". No reason to let the client know you are in training
... I'm up here in Smethport, PA, close to Bradford.. ..
Thanks for the reply, Jessica. Never heard of Smethport. It must be very remote. I am a big city boy located in a suburb of Philadelphia. What Frank has stated about working in remote areas is soooo true. Even if it's not too remote it is much easier to deal with country folk than those in the immediate metropolitan areas. I found from experience when I worked the Lehigh county area the folks were more friendly. As far as Erie Insurance Company goes, IMO they are a top notch, very competitive P&C company. I am not certain, but I do not believe they market Life and Health. Anyway, good luck to you!
Thanks for the reply, Jessica. Never heard of Smethport. It must be very remote. I am a big city boy located in a suburb of Philadelphia. What Frank has stated about working in remote areas is soooo true. Even if it's not too remote it is much easier to deal with country folk than those in the immediate metropolitan areas. I found from experience when I worked the Lehigh county area the folks were more friendly. As far as Erie Insurance Company goes, IMO they are a top notch, very competitive P&C company. I am not certain, but I do not believe they market Life and Health. Anyway, good luck to you!
Yes, Smethport is a very small place, only 1 stoplight! Actually, we are only able to work online with either Dial-up or Satellite Internet connection. What you said about Erie, not sure if they market Life and Health... Health (NO) but they have very, very nice Life Products. Actually have some really nice new Products this year!
Thank you for being kind, I appreciate your support... Think about me, I will be going to my first appointment in someone's home here in the next few days. I'm EXCITED about it, Mr. Williams (my boss) admits his error about not thinking of that himself, but he will be going with me the first few times to just 'help me when I give him "the deer in headlights look!"
If I may, how long have you been doing Life Insurance? Me: only about 3 weeks.
I used to do Life Insurance up until about 8 or 9 years ago. Now I concentrate on small group health insurance. BTW good luck on your first face-to-face call!
How Can I Set Qualified Appointments
.
Linear Mode
