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Gloria Said:

Which are the best reliable life insurance company?

We Answered:

Lots of luck getting life insurance if you're working in the Middle East right now.

Get your competitive quotes first, then you can check the rating at www.ambest.com, but the quotes should also indicate the AM Best rating.

Johnnie Said:

Why do insurance companies provide you with the rates of their top competitors?

We Answered:

It's marketing, but the rates are not always 100% accurate. Just for fun, I put my car into progressive to see what they would give for competitor's quotes. My company was one on there and it was $400/ 6 mo. higher than I actually pay! I don't think it included any discounts. Anyway, point is don't trust'em, the best way to get a quote is contact an agent and let them create a quote for you.

Jon Said:

Which is better way to start investments in US , life insurance or mutual funds?

We Answered:

Its definitely not life insurance. In life insurance, none of the money belongs to you. Life insurance is a tool to provide income to your family in case you die, not as a savings tool to save for long term goals. If you ever needed to take money out, you have to borrow it and pay loan interest of 6-8%. If you die someday, the insurance company keeps your savings and pay only the death benefit to your beneficiary.

In mutual funds, you have professional money managers to manage your money. They take your investment and they decide what companies to invest in. If you ever want to take money out, you just need to make a call (or do it online) and within 7 days, you will get your money. You don't need to put this money back because its your own money. Mutual funds has historically earn an average rate of return of 10% in the past 80 years.

In summary, life insurance provides no profit to you. Everything is paid at a loss because the premiums you pay is higher than what you earn in your savings. And this loss is not tax-deductible. In mutual funds, the money is yours and there is various mutual funds out there that can fit your investment objectivies.

Virginia Said:

Life Insurance: Which companies out there are the "top rated" in perspective of service *AND* price ?

We Answered:

There are a lot of well rated companies out there that also have incredibly competitive rates: West Coast Life, Genworth, Prudential, John Hancock, Lincoln Financial, Lincoln Benefit, Transamerica, AIG, MetLife, etc. I would suggest shopping for price and then looking at the financial ratings and reputation of the top 3-5 to find the best fit for you.

One of the reasons that keeping your insurance and investments separate makes sense is because it is rare to find an investment person who is really savvy about insurance and vice versa. Both are very complicated fields in their own right.

Dennis Said:

What are good ideas for networking and generating leads.?

We Answered:

Join the local Rotary International, Lions International, Giants International and The Round Table if you can. All these places attract the top echelon of a city. Ask your wife to join Inner Wheel, etc. In fact join as many clubs, associations or joints where people meet for any reason. You may also join clubs like the laughing club, the flowers loving club, the birds loving clubs, Save the tiger club, Parents and teachers association at the local schools, the morning walkers / joggers club. In fact as I said earlier, wherever people meet for any reason. If u do the above just see after a given period u will keep on getting prospects on the phone seeking your help. Join the local church/ temple too. Join the trade associations too. Best of luck. For furhther guidance email me.

Make an itinerary for a week on how many new prospects yu shall see in a given week, how many followups and how many closings. Die hard to achieve what you may have planned. Make as many cold calls as possible. The referrals are the bloodline for the insurance business. Allways ask for references. Create COI (Center of Influences), persons who will continuously give u list of their friends. Answer to thier needs, do not stick with one company, if a client wants a particular product from a x company get it for him.