What to Do If Your Clients Can No Longer Afford Their Permanent Life Insurance Premiums

 

We’ve got five solutions that can help your clients under financial stress with their permanent life insurance premiums. Listen to find out what those solutions are!

 

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Resources:

4 Ways to Calculate Your Clients’ Life Insurance Needs: https://link.chtbl.com/ASG561
Final Expense Insurance: How Much Can Clients Expect It to Cover? https://link.chtbl.com/ASG519

How to Get Health and Life Insurance Continuing Education Credits as an Agent: https://link.chtbl.com/ASG498

Life Insurance for Each of Life’s Stages: https://link.chtbl.com/ASG365

Life Insurance Myths Your Clients May Believe: https://link.chtbl.com/ASG362

The Complete Guide on How to Sell Final Expense Insurance FREE eBook download: https://www.ritterim.com/final-expense-ebook/

When to Recommend Life Insurance Based on Its Tax Advantages: https://www.ritterim.com/blog/when-to-recommend-life-insurance-based-on-its-tax-advantages/

 

References:

2017 Insurance Barometer LIMRA: https://theasagroup.com/wp-content/uploads/2017-Insurance-Barometer_FINAL.pdf

Creating an irrevocable burial trust: https://www.legalzoom.com/articles/creating-an-irrevocable-burial-trust

Lapse: Definition, How It Works With Insurance, and Consequences: https://www.investopedia.com/terms/l/lapse.asp

Majority of Americans feeling financially stressed and living paycheck to paycheck according to CNBC Your Money Survey: https://www.cnbc.com/2023/09/07/majority-of-americans-feeling-financially-stressed-and-living-paycheck-to-paycheck-according-to-cnbc-your-money-survey.html

In the US, high interest rates are forcing Americans to cut back: https://www.aljazeera.com/economy/2023/10/30/in-the-us-higher-interest-rates-are-forcing-people-to-cut-back

The Current Inflation Rate is 3.1%. Here’s Why It Matters: https://www.nerdwallet.com/article/investing/inflation

United States Inflation Rate: https://tradingeconomics.com/united-states/inflation-cpi