Home Breadcrumb caret Industry News Breadcrumb caret Industry When it comes to insurance, choose wisely More than 30 years ago, I entered into the insurance industry as a career agent for the Canadian division of the Paul Revere Life Insurance Company. Despite a host of life insurance products, the company’s true focus was on “accident and sickness” — providing disability income or income replacement insurance (a protection product that replaces […] October 16, 2009 | Last updated on October 16, 2009 10 min read Explain the different triggering events pivotal to each contract and try to determine which is of more concern to the client; Describe the method of benefit payment and the limiting factors to each contract; Provide a pricing for each of the products; and Help the client by providing case studies to demonstrate how each of the contracts function. I’ve found that if I review these basic steps with my clients, they’re able to voice their concerns with reference to their specific situations. They’re also able to suggest contracts they feel are right for them, and what amounts. In the end, it’s usually the client who makes the final decision on the ultimate solution. It’s our duty to arm our clients with as much information as possible in order to assist them with arriving at the right solution for them and their families. Save Stroke 1 Print Group 8 Share LI logo Assess what’s available to the client from group plans and government plans; Explain the different triggering events pivotal to each contract and try to determine which is of more concern to the client; Describe the method of benefit payment and the limiting factors to each contract; Provide a pricing for each of the products; and Help the client by providing case studies to demonstrate how each of the contracts function. I’ve found that if I review these basic steps with my clients, they’re able to voice their concerns with reference to their specific situations. They’re also able to suggest contracts they feel are right for them, and what amounts. In the end, it’s usually the client who makes the final decision on the ultimate solution. It’s our duty to arm our clients with as much information as possible in order to assist them with arriving at the right solution for them and their families.