How do you pitch a life insurance product?

Asked by: May Mohr  |  Last update: February 11, 2022
Score: 4.1/5 (11 votes)

Here are a few tips and life insurance presentation ideas for a successful pitch.
  1. Know Your Target Client. ...
  2. Turn Criticism Into Opportunity. ...
  3. Utilize Visuals in Your Pitch. ...
  4. Work to Solve a Problem. ...
  5. Mention Competitors. ...
  6. Maintain Brand Consistency. ...
  7. Follow Up After Each Presentation. ...
  8. Step One – Start with the Hook.

How do you pitch selling insurance?

12 Tips For A Successful Life Insurance Sales Presentation
  1. Get To Know Your Client.
  2. Personalize Your Presentation.
  3. Turn Objections Into Selling Opportunities.
  4. Use Visuals.
  5. Conduct a needs analysis.
  6. Ask Your Client Questions.
  7. Help Them Solve A Problem.
  8. Include Competitors.

How do you convince a customer to buy an insurance policy?

7 Tricks to Convince the Client to Buy
  1. Be natural and do not use scripts.
  2. Ask about the clients' well-being.
  3. Use names while talking with a client.
  4. Prove that your products are better than those offered by competitors.
  5. Keep initiating further conversation.
  6. Specify the positive characteristics of the customer.
  7. Act on emotions.

How do you offer life insurance to clients?

To help increase your life insurance sales, licensed life insurance agents can use these tips to learn how to cross sell insurance policies .
  1. Engage your non-life-licensed CSRs. ...
  2. Bring up life insurance in every conversation. ...
  3. Discuss life insurance during a P&C sale. ...
  4. Follow up with new customers.

How do you write a sales pitch example?

Here are the tips and tactics behind these 7 winning sales pitch examples:
  • Reference past conversations.
  • Start your elevator pitch with a question.
  • Keep it short.
  • Highlight benefits, not features.
  • Anchor your pitch in data.
  • Tell a story.
  • Keep it conversational, not formal.

Insurance Pitch using Financial Planning

17 related questions found

What are some examples of pitch?

6 examples of sales pitches types
  • The phone pitch. Believe it or not, the phone call is still the most popular and effective selling channel. ...
  • The email pitch. Email works. ...
  • The voicemail pitch. If you work in sales, you're going to hit a lot of voicemail inboxes. ...
  • The deck pitch. ...
  • The elevator pitch. ...
  • The follow-up pitch.

How do I sell my insurance products?

In India, there are two main ways to sell insurance:
  1. An Insurance Advisor. An insurance advisor is someone who is registered with a particular insurance company and connects with customers to help sell them insurance policies, make claims, and more. ...
  2. A Point of Sale Person (POSP)

How do you market a product for insurance?

7 Simple Insurance Selling Strategies
  1. Create a Referral System that works. ...
  2. Create more pages on your website. ...
  3. Establish a clear and concise lead nurturing strategy. ...
  4. Cross-sell to current customers. ...
  5. Establish partnerships. ...
  6. Advertise online. ...
  7. Adopt an insurance CRM.

How do I make my own insurance leads?

32 Ways and Strategies to Get Insurance Leads
  1. Customer referrals. Getting referrals is the easiest and cheapest way to get life insurance leads. ...
  2. Use social media. ...
  3. Google search ads. ...
  4. Email marketing. ...
  5. Create a blog. ...
  6. Purchase lead lists. ...
  7. Search engine optimization. ...
  8. Cold calling.

How do you attract customers?

How to Attract New Customers
  1. Identify Your Ideal Client. It's easier to look for customers if you know the type of consumers you seek. ...
  2. Discover Where Your Customer Lives. ...
  3. Know Your Business Inside and Out. ...
  4. Position Yourself as the Answer. ...
  5. Try Direct Response Marketing. ...
  6. Build Partnerships. ...
  7. Follow Up.

What skills are needed to be an insurance agent?

Below are some of the characteristics a successful insurance agent needs to complete their puzzle:
  • People Skills. People skills are the number one characteristic of a successful insurance agent. ...
  • Good Salesmanship. ...
  • Customer Service Skills. ...
  • High Energy Level. ...
  • Honesty. ...
  • Knowledge on a Variety of Products. ...
  • Choose the Right Carrier.

How do I cold call my business for insurance?

Here are our top four tips to help turn those cold calls into hot prospects.
  1. Stay positive. When someone picks up the phone, they're far more likely to engage with a friendly caller. ...
  2. Do your research. As with most agency tasks, planning ahead on cold calls pays off. ...
  3. Time your calls appropriately. ...
  4. Write a script.

Can you sell life insurance from home?

In general, you can sell insurance from home as long as you are licensed to do so in your state. The average annual income for a “Licensed Insurance Agent Work From Home” in the US is $64,435. The most common insurance to sell is auto insurance, home insurance, life insurance and health insurance.

How do you increase life insurance sales?

Building a referral network can help increase sales, as well as sourcing leads via social media.
  1. Know Your Stuff. Find a product and learn it inside and out. ...
  2. Hone Your Presentation Skills. ...
  3. Have a Story. ...
  4. Create a Partnership. ...
  5. Leverage Social Media.

How much money can you make selling life insurance?

How Much Money Can You Make Selling Life Insurance? The median wage for agents in 2020 was $52,180, while the top 10 percent of agents earned over $127,840 during that time. With such high potential earnings, it makes sense that so many people gravitate toward this career path.

Is selling life insurance difficult?

Life insurance is a very difficult product to sell. Simply getting your prospect to acknowledge and discuss the fact they are going to die is a hard first step. When and if you clear that hurdle, your next task is creating urgency so they buy right away.

Do you need a degree to sell insurance?

You don't need a college degree to become an insurance agent; some agents just have a high school diploma. However, completing a bachelor's degree in a business-related field can prepare you for your career in insurance. ... “They might consider hiring a high school graduate who has proven sales ability.”

How do you write a pitch?

How to Write a Pitch
  1. Introduce your story idea and define your angle. ...
  2. Explain why your idea is timely, unique, important, and/or of interest to that particular outlet's readers. ...
  3. Estimate a deadline for your piece.
  4. Include your phone number and email address.

How do you structure a pitch?

How to build a winning elevator pitch in 7 steps:
  1. Define the problem. The most important thing is to identify a problem that is worth solving. ...
  2. Describe your solution. ...
  3. Know your target market. ...
  4. Describe the competition. ...
  5. Share who's on your team. ...
  6. Include a financial summary. ...
  7. Show traction with milestones.

What are the three kinds of pitch?

There are three main types of pitches you should prepare for; the elevator pitch, short form pitch, and long form pitch.

How do you start a pitch presentation?

Want to have a strong pitch? Learn how to relate to your audience from the start.
  1. The question, question, hammer technique. Getting your audience involved and thinking are two good methods of getting their attention. ...
  2. Putting makeup on your ugly numbers. ...
  3. The Visual demonstration.

How do you make a good pitch?

9 tips for making a great pitch
  1. Prepare with care.
  2. Have an elevator pitch.
  3. Practice your pitch.
  4. Don't skimp on basic explanations.
  5. Know what makes a presentation boring.
  6. Give buzzwords a swerve.
  7. Use your enthusiasm.
  8. Build in question and answer periods.

How do you end a product pitch?

9 Ways to End a Sales Pitch
  1. Bring it full circle. Begin with an anecdote, analogy, case study, or thought-provoking idea, such as: ...
  2. Challenge your audience. ...
  3. Extend an invitation. ...
  4. Use repetition. ...
  5. Offer some inspiration or motivational words. ...
  6. Surface objections. ...
  7. Tell a story. ...
  8. Ask an unusual question.

How do I sell insurance over the phone?

Tips to sell insurance over the phone
  1. Create an opening and closing: Practice makes a man perfect – so, create a sales call opening and closing that you are comfortable using. ...
  2. Be organized: ...
  3. Prepare for objections: ...
  4. Ask questions: ...
  5. Listen: ...
  6. Evaluate your success and failure: ...
  7. Be sincere: ...
  8. Customize your conversation: