How to Deal with Insurance Agents

How to deal with insurance agents?

1.The first sign is if the agent starts telling you how good his or her whole life product is, you better run as fast as you can. This is the product pusher that you shouldn't trust. He or she is not going to care whether your needs are met or not as long his or hers is.

2.If the agent tells that it is required by law to fill up some form details and appears to conduct something that looks like need analysis but recommends you a whole life with sum assured far short of the analysis you can also run as fast as you can. Or if he or she tells you can buy the short fall some other time and if you hear this you can shoot off like a bullet and never turn back.

3.If the agent asks if you have budget for the insurance and starts to generate a quotation for you based on the budget you give him or her you can write him or her off. This is another product pusher that appears only to meet your budget.

4. If the agent meets you with a few quotations with different amount of sum assured, this is yet another product pusher. This agent is offering you different models.You have to find out YOURSELF which suits you. You are the adviser yourself.

5.If the meeting place is your home and the agent brings some food or gift for your children the agents intends to induce or to make you 'paisay' so that you will buy out of obligation and not for financial reason.

6.If the an agent tells how sincere or caring she is you can be sure that your financial life will be disastrous..

7.If a woman agent sits too near to be comfortable you can be sure the outcome is not due to financial needs that you buy.

8.If an agent takes out a newspaper cutting to highlight the threat of illness he or she is indeed threatening you to buy and if not they will curse you.

9.If the agent tells the company is having a gift promotion he or she is trying to test your greed and your reason to buy is greed and not financial needs.

10.If the agent shows you the MDRT or COT or TOT logo on his or her name card quickly clutch your money purse or credit and run because they are thieves. The logos are actually MDRThief, COThief or TOThief. These thieves sell only whole life , endowment or regular ILPs which earn them very high commission to earn these logos.

11. Never ,never buy from your brother or sister or your relatives or from your friends because you are the insurance agent's guinea pigs and he or she is practicing on you and you WILL NEVER GET THE RIGHT ADVICE AND PRODUCT.

12.Treat all insurance as suspects and ask them for thier experience, their credentials and whether they are honest. honest? hear what they have to say.




The above are some tips and signs to look out for if you are dealing with insurance agents.Remember they are chameleon. They can camouflage . They are graduates from some drama schools.

Extract from here.