Tweet

But Is the Pope a CFP

Written by: Donald F. Pooley

Article Overview: Peter Baigent's article reminded me of a Crown Life manager I knew decades ago. Pierre, in telling me about his trip to Rome, and audience with the Pope, said, "You know, he'd make a good insurance agent because he divides the population of the world into just two categories."

But Is the Pope a CFP

Peter Baigent's article reminded me of a Crown Life manager I knew decades ago. Pierre, in telling me about his trip to Rome, and audience with the Pope, said, "You know, he'd make a good insurance agent because he divides the population of the world into just two categories."
This clued me to ask, "How does the Pope divide the world?"
And Pierre replied, "Into prospects, and policyholders!"
Peter Baigent goes one step further. When he says "everyone is a prospect" he's not excluding policyholders.
So when you are prospecting don't forget your policyholders.
The December issue of The Insurance Journal says "NewLink Group, a management consulting firm has just produced survey results showing that 41% of current personal life policy owners have no idea who sold them the policy!"
So a lot of agents forget policyholders are also prospects.
The article then offers this further insight: 40% who bought from agents or brokers are orphans, but only 18% of those who bought from a financial planner or advisor are orphans.
Financial planners and advisors have a natural advantage. As they cover a broader spectrum of financial needs they have more reasons for frequent contact with their clients.
This may be a good reason for you to get your CFP, or other financial planning designation, and start to offer such services to your clients.
Or, you could do as I did before such designations existed, and send them a monthly newsletter to remind them of you.
If clients don't remember you, it's unlikely that they'll buy their next policy from you. So, to prospect among your policyholders, first ensure that they remember you.

Related Articles
  The Vatican embraces YouTube
  A Call to Action for the Sales Force
  Row Sow Tow Your Boat
  Beauty Keeps You Young
  Downsizing with dignity

Article Tags:



Related Forum Posts


Share this article with your friends. Fund someone's dream.

Leave a comment below or share on the left and you'll help support entrepreneurs in Africa through our partnership with Kiva. Over $50,000 raised and counting - Please keep sharing! Learn more.

Tweet

Newsletter

Get advice & tips from famous business
owners, new articles by entrepreneur
experts, my latest website updates, &
special sneak peaks at what's to come!

Name:
Email:

Popular Articles

Ten Reasons to take Notes during Sales Meetings

Clues to Increase Sales -- Listen to the Buyer

What is an Adaptive Organization

Suggestions

Email us your ideas on how to make our
website more valuable! Thank you Sharon
from Toronto Salsa Lessons / Classes for
your suggestions to make the newsletter
look like the website and profile younger
entrepreneurs like Jennifer Lopez.