Client-facing Resources for Life Insurance Awareness Month

  • Originally published September 4, 2018 , last updated November 2, 2018
Client-facing Resources for Life Insurance Awareness Month

Because September is Life Insurance Awareness Month, your clients may be hearing about life insurance, making it an ideal time to approach them about their life insurance needs.

Life Happens, a nonprofit organization dedicated to helping Americans understand the importance of life insurance and related products, has a series of resources that you can show clients. We’ve sorted through the vast library and selected some resources here that could help you with common sales objections and show the value of life insurance.

Why People Don’t Buy Life Insurance

According to the 2016 Insurance Barometer Study, Life Happens and LIMRA, the most common reasons people do not buy — or do not buy more — life insurance are:

  1. It’s too expensive (63%)
  2. Other financial priorities (61%)
  3. They already have enough coverage (52%)

But eight in 10 Americans overestimate the true cost of life insurance, the study also shows. The 2016 study also revealed that half of people put expenses such as cable and cell phone ahead of buying life insurance. Help your clients see how affordable protecting their loved ones can be, by showing them any of these videos:

If Clients Fear They Won’t Qualify

You’ve likely had clients express fear that they won’t qualify for life insurance or that if they do qualify, it will be too expensive. Remind them that millions of Americans suffer from health issues and still qualify for preferred or preferred plus rates.

Share this article with clients who express that fear: “5 Common Health Conditions That Can Affect Your Life Insurance Application.”

Life Insurance 101

The Life Happens resources also include materials for people at all stages of the life-insurance-buying spectrum.

For clients unfamiliar with life insurance, Life Happens has a short video explaining life insurance basics as well as a downloadable life insurance guide.

It also has a video showing the value of life insurance for single people.

Using Life Insurance for Retirement

Because today’s life insurance offers greater flexibility than just the traditional death benefit, it’s increasingly being used as an income stream in retirement. With Senior Market Sales’ all-in-one planning tool, Income ArchiTech™, you can show clients how life insurance can mitigate risk in retirement, using accelerated benefit riders, also called living benefit riders, and a policy’s cash value.

Show clients this video highlighting four reasons people may need life insurance when they retire.

Videos With Impact for All Types of Clients

The Life Happens resource library features multiple videos showing how life insurance can protect loved ones from financial burdens, help them leave a legacy, show families their love, preserve a family’s way of life and save family businesses. These videos show real-life families impacted by life tragedies and can be effective in helping clients overcome their misperceptions or apprehensions about buying life insurance.

Check out all the videos.

You have the power to help protect your clients from the financial and emotional struggles that can result from a lack of life insurance. Use these resources this September as a first step to educating clients on the value of life insurance.

To discuss how SMS can support you with life insurance marketing, call an SMS Marketing Consultant at 1.877.888.0166.