The word insurance means to insure, not investment. It is to protect the losses of the unfortunate few from the contribution of many...

Insurance is not free, the higher the protection value the higher the risk for the insurer. This means higher premium.

Pass the exam as youve paid for it but whether to start selling insurance or not is up to you.

Let it be known that this is a Sales job. If you do not enjoy meeting up with people or just want to earn quick buck, sorry but you may be in for a disappointment.

Since this is a commission based you do not have a basic salary. The obvious targets would be your close friends or relative and subsequently you need to move to strangers.

If you do not move to strangers thats the end of your business and people whom had bought from you would be extremely pissed as the cases would now be transferred to your upline.

This is a business of providing professional services to your clients, a job most of us are passionate about.

There is no off day and your business is open 24/7 as clients can get admitted anytime.

Please do not misunderstand that I am trying to demotivate you but I am merely showing you the truth. You decide whether you are up to it to join the insurance business.

Good luck

^ if it is not even doing sales, how do you as the agent earn any commission?

This is why it is also important to join an agency that looks after your clients and your welfare, not only the agency manager's welfare.

Seriously if it was for insurance line and they only concentrate on selling investment plans better dont join. Insurance is more on protection, not investment.

Learn to calculate the IRR and ROI before you get people to simply invest

It could be 40% if kept for 20 years. That is why when it comes to insurance it is more of protection...

^ wont fail if you study for it.

Just tell them this.

Look I understand that youve spent time with me and i appreciate your effort but my uncle Roy from Prudential had invited me and I AM OBLIGATED to join him.

If that still fails ...

^ Can you generate a quote and email it to me? RM 300/mth for the savings.

That's the only way to look at the non-guaranteed returns and to calculate the ROI .... if any

Also, if the savings plan is giving more benefit to the client then the commission to the agent would be compromised. There is no secret in this.

Insurance companies are giving protection not high returns.

Do you see the logic here? Somethings just doesnt add up. Your friend put in Rm12k and she gets Rm4k. With that much for agent commission, how much do you think would be the interest rate return would be?

Ask your friend whether she could withdraw the money now ...

It is people like your friend that puts shame to the insurance community. Selling a plan without knowing what insurance is all about and even sadder asking relative to put in their money by promising high returns. She will eventually lose relative one by one... sorry for the rant...

This post has been edited by roystevenung: Jan 16 2013, 01:54 PM

No you cant withdraw, but the point is that youll be getting more angry relatives and friends when the so call investment does not work out.

If you are comfortable with it then by all means go ahead.

^ I rest my case, good sharing.

^ insurance is no laughing matter. It is a lifetime commitment, more importantly, it helps families in the most difficult of times, especially when the sole breadwinner is no longer able to bring food on the table.

We are after all humans and do not live forever. I had said this many times, insurance is for protection, never for its investment values.

That ~5% is before minus the insurance charges associated to the coverage.

ayam speechless

Tell them you got an unker Roy doing insurance and what they are selling is insurance, not pure savings. Ask them to call me lor if no belip

^ sabar2... not all insurance agents are like that okay?

Hong Leong ASSURANCE = insurance lar... see my earlier posts on insurance...

he said he asked for the customer list but were told to close his close friends or relative.

Once this has run out, and without new source of contacts, most new agents will not make it and guess who earns the balance of commission? The agency manager earns without even do any prospecting...

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