I want to learn more about life insurance. Collapsed Expanded A death in the family is not only emotionally devastating, it can also take a tremendous toll on the future financial security of a family.
Premiums are relatively low and therefore not subject to large brokerages or specialty direct writers mounting aggressive advertising campaigns to bring in business. There are few group plans providing insurance coverage with the exception of our teachers. Smalltown has two independent brokers and a Co-Operators agent, Nexttown has two independent brokers, and Southtown has one.
We have just started to see some move by locals to "Silver Power" and other specialty retailers who advertise on radio and television.
The banks are still a future unknown. As stated previously, our success is dependent on our staff and our companies convincing our clients and prospective clients that price, although important, is not the only criteria for the purchase of insurance. Our advertising stresses that we have two offices, open six days a week with after-hours support and we have been an active, concerned, community involved, local business since Still, price is very important and we must work with our markets to ensure that our insurance products are available and affordable to a large part of the market.
Johnson, Rob Champlain Strengths - alternate markets, especially small farm mutuals, that still continue to give low prices, still continue to write wood stoves, and allow discounts and underwriting terms such as table 1 rates on homeowners within 8 km of fire hall protection.
Weakness - most are smaller, one-man operations that do not have the backup or finances to aggressively impact the marketplace. Agents such as Co-operators Strengths - Large advertising budget and competitively priced products.
Their commercial is difficult to compete against in some cases because they seem to not have the same restrictions on underwriting as our markets. Also they have large capacity to write certain risks. Weakness- one small operation that does not have the same hours as our offices.
Staff, because of salary, do not appear to be very knowledgeable or aggressive. Mass Markets Strengths - large advertising budget and very competitive prices. Weakness - not local and largely unknown to our clients at the present time. Our own Companies Strengths - already known to our clients; will be competitively priced.
Weakness - an unknown quantity to our insureds. Also, if their people skills are similar to what they now exhibit, they will have great difficulty empathizing with the client and selling the client what he needs, not what they think he needs.
Mass merchandise programs heavily advertised over the radio such as "Gray Power" Strengths - price. Weakness - a still untried, unknown quantity. Group Plans - teachers, public employees Strength - group pricing.Business income insurance protects your company against an income loss that could occur if your business is forced to shut down due to a physical loss.
For example, a fire damages a restaurant you own, forcing you to cease operations until the building is repaired. Open enrollment for the individual health insurance plans under the Affordable Care Act (ACA) starts Thursday, November 1, but consumers can begin comparing plan options now.
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