How to convince people to get life insurance?

Asked by: Karelle Cummings  |  Last update: May 20, 2025
Score: 5/5 (26 votes)

How to Convince Customers to Buy Insurance
  1. Tip 1: Understanding Customer Needs.
  2. Tip 2: Building Trust.
  3. Tip 3: Effective Communication.
  4. Tip 4: Addressing Concerns.
  5. Tip 5: Personalized Approach.
  6. Tip 6: Demonstrate Value.
  7. Tip 7: Offering Incentives.
  8. Tip 8: Follow-up and Support.

How to encourage someone to buy life insurance?

How to Place More Life Insurance Cases
  1. Make it Personal. Using someone's first name is a simple but effective way to make a connection. ...
  2. Use Specific Examples. ...
  3. Put the Numbers in the Best Light. ...
  4. Use Layman's Terms. ...
  5. Highlight the Discounts. ...
  6. Keep the Clients You Have.

How to persuade people to buy insurance?

One effective way to convince customers about the need for insurance is to highlight the potential risks and consequences of being uninsured. Paint a vivid picture of the financial and emotional impact that unexpected events, such as accidents, natural disasters, or health issues, can have on their lives or businesses.

How much is $100,000 in life insurance a month?

A $100,000 term life insurance policy can cater to diverse financial goals, including debt coverage, family support, and estate planning. One of the most significant advantages of this coverage amount is its affordability. The average monthly cost of a $100,000 life insurance policy can range from $11-18 monthly.

What triggers people to buy insurance?

To help you out, here are the most common events that trigger people to purchase Life Insurance—or to review their existing policy.
  • Getting Married and/or Moving in with your Partner. ...
  • Buying a Home. ...
  • Having Children. ...
  • Changing Employment. ...
  • Starting a Business.

The Easiest Way To Sell Life Insurance

36 related questions found

What is a good reason to purchase life insurance?

Buying life insurance protects your spouse and children from the potentially devastating financial losses that could result if something happened to you. It provides financial security, helps to pay off debts, helps to pay living expenses, and helps to pay any medical or final expenses.

What do insurance companies fear the most?

It's simple: Insurance companies' legal teams hate having to go before juries. Naturally, it's up to juries to apply the law in a fair and even-handed manner. However, it never helps insurance companies to be seen as the villains who are trying to get one over on people in genuine need.

How much a month is a $500000 life insurance policy?

A $500,000 whole life insurance policy costs an average of $451 per month for a 30-year-old non-smoker in good health. If you get whole life insurance, the premiums you'll pay may vary based on factors like your age, health, gender, and the type of policy you get.

What is a normal life insurance monthly payment?

The average monthly cost for a term life insurance policy is $26 as of September 2024. The average monthly cost for a $500,000 whole life insurance policy for a 30-year-old is $451. Life insurance prices vary by the type of insurance, coverage amount, and personal factors.

How to convince someone to get life insurance?

How to Convince Customers to Buy Insurance
  1. Tip 1: Understanding Customer Needs.
  2. Tip 2: Building Trust.
  3. Tip 3: Effective Communication.
  4. Tip 4: Addressing Concerns.
  5. Tip 5: Personalized Approach.
  6. Tip 6: Demonstrate Value.
  7. Tip 7: Offering Incentives.
  8. Tip 8: Follow-up and Support.

What to say to sell life insurance?

Focus on the Client's Needs: Every client has unique needs and priorities. Tailor your pitch to address their needs and how your life insurance policy can meet them. This will make your pitch feel personal and relevant. Speak with Confidence: Confidence is contagious.

How do I convince my clients for life insurance?

The Art of Persuasion: Strategies for Insurance Agents to...
  1. Understanding Client Needs.
  2. Educate, Don't Just Sell.
  3. Highlighting the Value.
  4. Leveraging Social Proof.
  5. Creating a Sense of Urgency.
  6. Personalization.
  7. Building Trust.
  8. Conclusion.

How to sell life insurance like a pro?

Follow These Tips and Find Out How to Sell Life Insurance Successfully
  1. Know Your Product. As a life insurance agent, knowing your product inside out is critical. ...
  2. Personalize Your Pitch. ...
  3. Leverage Verified Leads. ...
  4. Build Trust with Prospects. ...
  5. Use Digital Marketing Strategies. ...
  6. Overcoming Objections. ...
  7. The Art of Closing.

Who usually buys life insurance?

Most people who own life insurance are family breadwinners who want to make sure that in the event they die, the future financial needs of dependents, such as a spouse, children or elderly parents, are met.

How do you start a conversation to sell life insurance?

For example, instead of starting with “I'm calling to talk about our life insurance product…”, you could say, “I noticed that you've recently welcomed a new member to your family, congratulations! I'm calling because I believe I have some information on securing your family's future that you might find valuable.”

How much a month is a 2 million dollar life insurance policy?

Average Cost of a 2 Million Dollar Life Insurance Policy

The cost of an insurance policy varies widely based on individual circumstances. For a $2 million, 20-year term life insurance policy, a 30-year-old might pay between $45 and $55 per month. The same policy could cost a 50-year-old between $150 to $202 per month.

What is the best life insurance?

Here are Bankrate's picks for the best life insurance companies based on various financial and consumer needs.
  • Guardian: Best for life insurance coverage without a medical exam.
  • MassMutual: Best for whole life insurance.
  • Mutual of Omaha: Best for digital accessibility.
  • Nationwide: Best for customer satisfaction.

Can you borrow against life insurance?

You can only borrow against a whole life insurance policy or a universal life insurance policy. Policy loans reduce the death benefit if not paid off. Life insurance companies add interest to the loan balance, which if unpaid can cause the policy to lapse. Only permanent life insurance builds cash value.

Do millionaires buy life insurance?

A high-net-worth individual may not see a reason to purchase a life insurance policy, but it can actually be used as a tool of investment, to protect an inheritance, and to provide an additional financial cushion for their loved ones.

Do you pay taxes on life insurance?

Generally, life insurance proceeds you receive as a beneficiary due to the death of the insured person, aren't includable in gross income and you don't have to report them. However, any interest you receive is taxable and you should report it as interest received.

Do I need life insurance if I have no debt?

While not mandatory, life insurance is important if others depend on your income or if you have financial obligations like a mortgage or debts. It helps provide financial security for your loved ones, covering expenses and helping ensure their future stability in your absence.

Who is the most trusted insurance company?

Best car insurance companies
  • Best for customer satisfaction: Erie Insurance.
  • Best for seniors: Nationwide.
  • Best for liability insurance: Auto-Owners.
  • Best for claims filing : State Farm.
  • Best for bundling: American Family.
  • Best for accident forgiveness: Progressive.
  • Best for military members and veterans: USAA.

What insurance companies do billionaires use?

A small number of premier insurance companies offer these products tailored to the unique needs of high net worth families. Chubb, PURE Insurance, Cincinnati Insurance, AIG Private Client, VAULT, and National General are all highly regarded insurance companies with products reserved for high net worth homeowners.

What is the hardest insurance to sell?

Life insurance is the most profitable—and the hardest—type of insurance to sell.