Insurance Agent Forum
Custom Search
 

Go Back   Insurance Agent Forum > Insurance Agents and Brokers Forum > Employee Benefits Forum


Discussion on How is the economy effecting your group sales? within the Employee Benefits Forum, part of the Insurance Agents and Brokers Forum category.

What are you other brokers seeing in your markets with the economy and group sales? Right now in my market ...


Reply to How is the economy effecting your group sales?
Views: 322 - Replies: 10  
LinkBack Thread Tools Search this Thread Display Modes
Old 07-01-2008, 12:52 PM   #1
ABC
Guru
 
Join Date: Jun 2008
Posts:382
ABC will become famous agent soon enough
How is the economy effecting your group sales?             Go to Top

What are you other brokers seeing in your markets with the economy and group sales?

Right now in my market business seem to be at a stand still.

I am seeing less small businesses starting which I write a lot of these.The business that have just started with in the last 2 years just do not have a budget for a group plan. So I am selling them individual policies.

A lot of my clients are being effected by the gas prices so I am having mid year meetings to make plan changes to save 20% on premium.


What are you seeing?


ABC is offline  

Submit to Reddit Submit to Del.icio.us
Bookmark to TechnoratiSubmit to FurlSubmit to Spurl!
Reply With Quote
Old 07-09-2008, 07:08 PM   #2
Super Genius
 
Join Date: May 2008
Posts:13
speckled horn will become famous agent soon enough
Re: How is the economy effecting your group sales?             Go to Top

Here in houston things are ok. Not sure where u are, but if there are any oil & gas related companies in your area...CALL ON THEM! Especially any start ups. Engineering firms as well.


speckled horn is offline  

Submit to Reddit Submit to Del.icio.us
Bookmark to TechnoratiSubmit to FurlSubmit to Spurl!
Reply With Quote
Old 07-09-2008, 09:44 PM   #3
Guru
 
NewHealthStrategies on How is the economy effecting your group sales? - Insurance Agent Forum
 
Join Date: Mar 2008
Posts:315
NewHealthStrategies will become famous agent soon enough
Re: How is the economy effecting your group sales?             Go to Top

All my clients are Obama supporters and "full of hope"... they're all getting rid of their plans in prep for the National Healthcare plan the Messiah is bringing next year.


------------------------------------
I am not a vegetarian because I hate meat... I'm a vegetarian because I hate plants!
NewHealthStrategies is offline  

Submit to Reddit Submit to Del.icio.us
Bookmark to TechnoratiSubmit to FurlSubmit to Spurl!
Reply With Quote
Old 07-10-2008, 08:46 AM   #4
Guru
 
somarco on How is the economy effecting your group sales? - Insurance Agent Forum
 
Join Date: Sep 2006
Posts:5,379
State: somarco is an Insurance Agent from Georgia
somarco has a spectacular aura about
Re: How is the economy effecting your group sales?             Go to Top

Quote:
All my clients are Obama supporters and "full of hope"...
Stop prospecting in South Fulton and Dekalb county . . .

I was quite surprised when one of my clients called late Monday asking for my help. Obama was coming to town for a fundraiser ($2300/plate + another $10,000 if you wanted your picture with Obama) and he (my client) was one of the coordinators for the fundraiser and speaking engagements. Even though John has almost as many years in the industry as I do, he is a fervent Obama supporter. He wanted the names of people I knew who were screwed by the insurance industry and could not get adequate health care because the carrier would not cover them or pay the claim.

I said I would have to get back to him . . .


------------------------------------
The doctor is in. Five cents please.
You can find me here
somarco is offline  

Submit to Reddit Submit to Del.icio.us
Bookmark to TechnoratiSubmit to FurlSubmit to Spurl!
Reply With Quote
Old 07-10-2008, 09:07 AM   #5
Guru
 
xrac on How is the economy effecting your group sales? - Insurance Agent Forum
 
Join Date: Apr 2007
Posts:1,145
xrac will become famous agent soon enough
Re: How is the economy effecting your group sales?             Go to Top

Quote:
Originally Posted by somarco View Post
.....Even though John has almost as many years in the industry as I do, he is a fervent Obama supporter. He wanted the names of people I knew who were screwed by the insurance industry and could not get adequate health care because the carrier would not cover them or pay the claim.......
I just don't get that. The policies Obama will support will be bad news for entrepeneurs, small business owners, or the self-employed. More government programs means somebody is cut out and somebody foots the bill.


xrac is online now  

Submit to Reddit Submit to Del.icio.us
Bookmark to TechnoratiSubmit to FurlSubmit to Spurl!
Reply With Quote
Old 07-10-2008, 09:32 AM   #6
Guru
 
somarco on How is the economy effecting your group sales? - Insurance Agent Forum
 
Join Date: Sep 2006
Posts:5,379
State: somarco is an Insurance Agent from Georgia
somarco has a spectacular aura about
Re: How is the economy effecting your group sales?             Go to Top

I don't get it either.

John is really jaded toward the industry. Sure, it isn't perfect, but everything Obama is talking about, ESPECIALLY tax increases (which he denies of course) are detrimental to the economy.


somarco is offline  

Submit to Reddit Submit to Del.icio.us
Bookmark to TechnoratiSubmit to FurlSubmit to Spurl!
Reply With Quote
Old 07-10-2008, 11:47 AM   #7
ABC
Guru
 
Join Date: Jun 2008
Posts:382
ABC will become famous agent soon enough
Re: How is the economy effecting your group sales?             Go to Top

Energy companies sound like a good target.
I did engineering companie 1st quarter with not much luck.


ABC is offline  

Submit to Reddit Submit to Del.icio.us
Bookmark to TechnoratiSubmit to FurlSubmit to Spurl!
Reply With Quote
Old 07-29-2008, 05:59 PM   #8
Super Genius
 
Join Date: Oct 2006
Posts:33
Jeff is an unknown quantity at this point
Re: How is the economy effecting your group sales?             Go to Top

I'm just getting started in small group. So far there has been a lot of interest in saving money of course. I've been having better success taking over groups and switching into hsa compatible plans. Last ones were 2 & 3 person groups on older first dollar coverage hmo plans. Switched them both to hsa comp plans saving them boatloads of $ even with the ded's. They couldn't be happier.


Jeff is offline  

Submit to Reddit Submit to Del.icio.us
Bookmark to TechnoratiSubmit to FurlSubmit to Spurl!
Reply With Quote
Old 07-30-2008, 12:27 PM   #9
ABC
Guru
 
Join Date: Jun 2008
Posts:382
ABC will become famous agent soon enough
Re: How is the economy effecting your group sales?             Go to Top

Quote:
Originally Posted by Jeff View Post
I'm just getting started in small group. So far there has been a lot of interest in saving money of course. I've been having better success taking over groups and switching into hsa compatible plans. Last ones were 2 & 3 person groups on older first dollar coverage hmo plans. Switched them both to hsa comp plans saving them boatloads of $ even with the ded's. They couldn't be happier.
Nice, closing those AOR groups. I use to do that when I was door knocking. It been about 4 years since I did that but I think I need to do it again.

I am slow on new group sales right now, but my indiviudal sales are way up.


ABC is offline  

Submit to Reddit Submit to Del.icio.us
Bookmark to TechnoratiSubmit to FurlSubmit to Spurl!
Reply With Quote
Old 07-30-2008, 12:31 PM   #10
Super Genius
 
Join Date: Oct 2006
Posts:33
Jeff is an unknown quantity at this point
Re: How is the economy effecting your group sales?             Go to Top

I've reached them all by telemarketing, no door to door


Jeff is offline  

Submit to Reddit Submit to Del.icio.us
Bookmark to TechnoratiSubmit to FurlSubmit to Spurl!
Reply With Quote
Old 07-30-2008, 04:41 PM   #11
Super Genius
 
Join Date: Jul 2008
Posts:29
Executive Benefits will become famous agent soon enough
Re: How is the economy effecting your group sales?             Go to Top

I tell them I can help them cut cost to pay for fuel.. the blue collar industry will listen.


Executive Benefits is offline  

Submit to Reddit Submit to Del.icio.us
Bookmark to TechnoratiSubmit to FurlSubmit to Spurl!
Reply With Quote
Reply to How is the economy effecting your group sales?

  Insurance Agent Forum > Insurance Agents and Brokers Forum > Employee Benefits Forum

Tags:



Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Similar Threads for: How is the economy effecting your group sales?
Thread Thread Starter Forum Replies Last Post
The economy -health insurance sales the producer Getting Started Selling Insurance 8 10-26-2008 07:19 PM
The Economy and Who's buying what Crazy Rick General Insurance Agent Discussions 2 10-03-2008 01:59 PM
Economy and Insurance Peelerinsurance.com General Insurance Agent Discussions 6 09-13-2008 04:12 AM
Anyone know Agent Sales Group patch36 General Insurance Agent Discussions 10 08-13-2008 01:03 PM
Economy, credit crunch hurting your business mswebb06 General Insurance Agent Discussions 4 04-24-2008 03:01 PM



Register Now for FREE!
Are you an Insurance Agent Forum member yet? To sign up for your FREE INSTANT account, fill out the form below!

Username: Password: Confirm Password: E-Mail: Confirm E-Mail:

Birthday:    

Summer is hot and winter is Agree to forum rules 


All times are GMT -4. The time now is 08:40 PM.


Powered by vBulletin® Version 3.6.7
Copyright ©2000 - 2009, Jelsoft Enterprises Ltd.
Content Relevant URLs by vBSEO