Introduction When you take the risk of being a freelancer, you also take the chance of having either too many projects one season or none at all in another. When you live with that level of uncertainty, you need to put your income to work. In other words, you need to have your savings do […]
Yes, I did say Competitors. This could be the ultimate strategy for insurance marketing. My experience as a 24 year veteran in the insurance industry, specializing in commercial Property & Casualty has seen me encounter many referral marketing strategies. None of these strategies have been as rewarding or as successful as the one I’m about to share […]
The current hot topic in the financial sector is “Insurance vs. Investment”. If I were to be honest, and having been in the industry for a while, insurance is not an investment. They are two completely different things. It is amazing to me that my peers in the industry go out and sell Investment Products to clients. This […]
Below is a brief introduction to each one. You don’t have to know what they are. Just skip the section after the line with asterisks. The amount shown is in SGD dollars. (You’ll see that I use many terms such as “usually” due to the different standards of each insurer. I refer to the majority of Singapore’s insurers. […]
What is Bancassurance? Bancassurance refers to the marketing of insurance products by Banks. Apart from the regular products they offer in deposits, advances and investments, banks also sell insurance products. This is done to increase their fee-based income and to take advantage of their strengths as financial supermarkets. Benefits of Bancassurance Banks have many advantages over insurance […]
Recent reports indicate that Lloyds Banking Group is challenging the ban on the sale of payment protection insurance. This was introduced to protect millions upon millions of borrowers. A subsequent appeal could delay a ban against the sale of PPI along with credit agreements. The competition watchdog also stated that lenders should wait at most two […]
Burial insurance, also known as death insurance, is a way to make sure your funeral expenses are covered before it happens. This insurance is a way to prepare for the unexpected and ensure that your loved ones are not left responsible. There are many choices when it comes to insurance that covers life and death. It is […]
Student medical coverage is a type of personal medical insurance that’s specifically designed for students at college or university. Students must be at least 18 years old to be eligible for student medical coverage. You can choose from coverage that is low-cost and limited in terms of the terms or more costly and comprehensive. Is student health […]
1. What is life insurance? A life insurance policy is essentially a contract between the insurance company and the insured. The insurance company pays the insured a pre-determined amount. In the event of death, the insurance company will pay the benefit to the beneficiary. 2. Different types of insuranceThere are two types of life insurance. There are two basic types […]
There aren’t many books that explain how to become a subrogation specialist. This article is for people who are interested in a career in subrogation. Although it can seem complicated, one can easily get started in subrogation. There are many companies in the country that specialize on subrogation recovery. Subrogation simply means the pursuit of reimbursement for insurance […]