Annuity Lead Solving Means Happy Wife Happy Life

Have you ever been in the situation where you hate to go home after a hard day of selling insurance? I have.

I know what will be waiting for me, an unhappy wife. It is not that she is naturally that way; it is that she is worried about money, bills and the kids eating regularly.

If you sell anything on commissions then you fully understand. It can be feast or famine. I decided a long time ago to solve this issue. I wanted to come home to a happy wife and to leave the insurance business at the door.

I decided if I had more prospects to talk to than I could see then I would always have someone to sell to. I purposely over flooded my prospecting list with excessive prospects.

I used direct mail, referrals and seminars to provide them all for me. I always had more than enough prospects to see and often I would not get to all of them. Seems like a waste you say?

Not really. If you have an enormous amount of people who you could see then the fear of the Monday morning appointment scheduling was a thing of the past.

It was actually very easy to do and it has resulted in a lifetime of comfort when it comes to prospecting. Here is how I did it.

I borrowed enough money from the bank to fund a large direct mail program setup for 12 months in advance. I would mail 5,000 to 10,000 pieces a month with an average rate of response of 3.5%. The amount would vary based on time of the year such as the holidays. Here is the catch: If I had leads left over I could not get to because of the volume of the response, I would throw them all away. I could do so because I had flesh leads arriving in the mail almost daily. If someone did not want to see me or was hard to see I just chucked it.

It was almost like a breath of fresh air and an enormous amount of freedom. At the end of the year I added up my results and readjusted for the following year. At the end of the first year I calculated I had over 600 annuity leads that I could never get or about 50 a month.

What did I do, reduce my mailings? No I increased them by 50%.

The freedom of unlimited annuity leads for me was a breathy of fresh air. I also learned that if I had enough leads I could come home each night and I was happier which of course made my wife happier. The following year and each year afterward I have estimated that I have left 1,000 annuity leads uncalled and while it may seem a compete waste of time I look at it as the very best money I have ever spent. I have eliminated my need for someone to talk to about my insurance products and at the same time kept my home life happy.

A good lesson is this, ?Happy Wife, Happy Life.?

Bill Broich is a 30 year annuity salesman who helps agents generate annuity leads. Visit his website to learn more - Annuity.com.

 

10 Little Known Insurance leads - Annuity Leads Marketing Secrets to Double Your Income in 2007

1. Failing to Market Your Business Effectively

This one is self-evident?or so we thought. The reality is 90-95% of all Insurance agents with whom we speak aren?t marketing at the level they can or should be, or just plain aren?t marketing at all! Many agents are in a comfort mode where they are living or dying off the referrals they may accidentally stumble onto. Most agents think they are marketing their services yet, when we ask for a specific, step-by-step marketing plan, the telephone usually goes dead for a minute.

Remember this statement, ?Marketing is the ONLY function of your business that makes you money! Every other function is an expense!?

Thus, if you are sitting back and waiting for a minor marketing miracle to happen and not optimizing your time, money or talents to become a top marketer in your field, you are causing yourself to lose thousands of dollars monthly. This could be one of the reasons why many agents drive cars that have over 150,000 hard traveled miles on them. I still believe insurance agents have a right to make a six-figure income and be able to enjoy life to the fullest. You need to be marketing every day to generate a steady flow of leads.

2. Not Fully Utilizing Your Invisible Insurance leads Asset

If you have been in the Insurance business for any amount of time, you have built up a substantial amount of goodwill among your clients. You have brought value and piece of mind to their lives. This asset, however, hasn?t been performing for you the way it should. We will show you how to convert your customers? goodwill into ready cash?and actually strengthen your customers? loyalty to you at the same time. And if you are new in the business and don?t have a client base we will show you how to use ?parasite marketing? to tap other professional sources within your community.

3. Using the Same Old Insurance leads and Annuity lead Ads that Get a Terrible Return

Ads, postcards, and direct-mail pieces cost you the same regardless of whether they bring in 1 new customer or 100. Knowing the secret techniques of creating award winning ads and direct-mail pieces can easily be the difference between driving an old car with 150,000 miles on it versus driving a brand new Mercedes, BMW or some other luxurious car. By testing and using dynamic headlines in all your marketing pieces (like postcards, ads, newsletters, flyers and direct mail pieces) your response can skyrocket by 1,800% and more. We will show you an easy 7-step method that anyone can use to create ads and direct-mail promotions that will bring in floods of new clients.

4. Failing to Customize your insurance lead Letters

I have had some outrageous responses from prospects and clients when I mail them a hand addressed envelope with a message pad sized ?While You Were Out? message saying, ?Evidently you didn?t get my message.? We have also experimented with several other sayings on the message sized pad ?While You Were Out? mailings that are great for annuity sales. Another agent we know uses this concept to recruit agents and has had a 75% response to his letters using the ?While You Were Out? message pad technique.

5. Relying on One Shaky Pillar for Insurance Marketing

What you want to strive for in your marketing strategy is to build strength through marketing diversity. Think of your business as a Greek Temple supported by numerous, sturdy pillars. Each of these pillars represents one aspect of your marketing campaign. For example, you could have pillars for direct sales, telemarketing, direct mail, postcards, flyers, endorsements, referrals, parasite marketing, and joint ventures. The reason that there are so many is if you have failure in one or more pillars you will always have a few pillars holding up your marketing program. We have had dozens of agents who tell us that if this home office flyer fails, they will be out of the business. This concept will almost guarantee you failure in this business. However, could you imagine the commissions you would generate if you combine a wide array of marketing approaches, stabilizing your business with several pillars?

6. Stunting the ?Growth? of Your Insurance Business

We have read countless books and attended dozens of seminars on how to increase your business. However, we have discovered just three ways to grow any business. Now you may think these techniques are too simple or don?t apply to your situation, but could you imagine if you actually implemented these as a foundation for your business?

1. INCREASE your average sale of an Insurance policy. Instead of quoting $82.00 per month round it off to $90.00 and give them more coverage.

2. INCREASE the number of clients. By doing consistent, target marketing to a niche market, you will increase your sales and client base dramatically.

3. INCREASE the frequency of repurchase. Always have other products you can sell your clients. Always contact your client at least every six months. A monthly, client newsletter will help you build your business. If you need a client newsletter check out our "Annuity Pro Lead Capture Web Page."

7. Investing Thousands of $$$ in the Wrong Insurance leads Ads

Before you invest thousands of hard earned dollars in direct mail, postcards or newspaper ads, wouldn?t it be great if you could know exactly which offer would pull in the most leads and qualified prospects?

What you need to do is conduct your own marketing test. Try mailing two or more versions of your sales letter or flyer to a small portion of your mailing lists you intend to use. One version of a letter might have a powerful headline along with a special free report titled ? 8 Secrets on How You Can Get the most Out of Your Retirement Years.? Also, hand-address the envelopes. Another version of the letter may have a different headline and different benefits. Then, after testing, you can mail the most effective letter to the entire mailing list with confidence.

By the way, if you can have your envelope hand-addressed or the prospect?s name typed on the envelope instead of using a label, you can sometimes increase your response by 15%. People today who receive an envelope with a label on it consider it junk mail.

8. Having a Poor Attitude

Having the right mental attitude will make your business work, no matter how many obstacles get pushed in your way. In any business, there will always be problems that come about and you need to address them. Deal with them immediately, and don?t wonder ?Why in the world do bad things always happen to me?? Bad things happen to everyone. Successful people just know how to work through them. For them, when they have a problem, they put on their work clothes and go to work. They don?t assume the end of the world is coming. Tony Robbins says that the definition of insanity is doing the same things you have always done and expecting to get different results.

Example: If you have been afraid to invest any money in marketing for yourself and continue to do that, your income will remain the same. If you never try to improve your sales presentation, letters or advertisements your results will remain the same.

However, if you are willing to test new marketing approaches and new products, your income will go up. If you will implement the following formula in every sales presentation, letter to your client, and advertisements you will greatly improve your income.

1. Get Attention!
2. Arouse interest and emotion.
3. Tell interesting stories that are believable.
4. Offer a reason to act?NOW!
5. Make it easy for people to take the action you want.

Remember, the most important thing you learn is to: GET PEOPLE?S ATTENTION!

9. Blaming Insurance Marketing ?Conditions? for your Lack of Success

Many Insurance agents who have failed in the Insurance business always blame someone or something for their failure or for a low income. If you want to be successful, not only in your business career but also in your life, you must own up to your shortcomings and realize that your success, or lack of it, is totally, 100% your responsibility!

Have you ever heard anyone, including yourself, say the following: ?It?s a slow time of the year. I think I?ll put more effort in my business after the first of the year. I?m really busy right now. I don?t have time for any new products or marketing techniques. I can?t afford to hire a secretary to do the $8.00 an hour office work that I?m currently doing myself. I tried an ad or flyer once and it didn?t work!?

All of these lame excuses are justification for not being more successful in the Insurance business. From this day forward, stop making excuses and start making things happen for yourself.

10. Not Offering Additional Insurance Products and Services to Your Customers.

It is a known fact that existing clients are far more likely to purchase from you than cold prospects. They will, at least give you a few minutes to offer additional services. Unlike prospects, your clients should trust you and enjoy doing business with you again. However, you must treat your clients with respect and they must be satisfied with your service. If you can provide your clients with the proper service, they can reward you for a lifetime with additional business and qualified referrals. Now let?s talk about specifics.

Many of you have clients or their friends who may be interested in alternative financial products that are safe and pay an excellent rate of return on their money! If that is true for you, our office can help you with several products you can use as an alternative to CD?s and Annuities.

Do you think if you mailed out a postcard offering a special report titled, ?10 Deadly Mistakes Most People Make when Planning for Retirement and How to Avoid them,? some of your clients might respond to this postcard and request a copy of the FREE report? Do you think some of the people who receive your FREE report, (which are essentially sales letters) might want to come into your office for an appointment to discuss these issues? Of course they will and when they do, guess whom they will ask to help them.

It should be obvious by now that if you had additional products or services to offer your clients, a percentage of them will want to hear about several of your new products.

Hope you have a great selling year in 2007.

Russ Jones
Creator of the "3-Step Postcard System"
http://www.ultimateinsurancesystem.com
Developer of the "Annuity Pro Lead Capture Web Page System"
http://www.pmrsystem.com

Medicaid Qualified Annuity, Buyer Beware and Agent Liability

The need for some clients to protect assets from Medicaid Spend down is obvious. It can be because of the well spouse?s needs, a handicap child or a myriad of good solid reasons. This is where the annuity salesperson come charging to the rescue.

Most agents know that certain types of annuities can avoid spend down and can provide protection for the assets in the annuity. These annuities have specific language to make them fully qualified under Medicaid rules. Most annuity contracts DO NOT contain the language to qualify for the Medicaid rules.

The monthly payout must be for the life expectancy of the annuitant. The annuity cannot have any free look in the contract and the value of the annuity is agreed by all parties to be zero. The only value of the annuity is the monthly income. These features are actually part of the contract and are allowed by 29 states in the US. It is sometime referred to as the ?name on the check rule.?

The personal liability comes into play when an agent does not fully understand the rules nor the process that must be adhered to in order to qualify the funds. An agent will sell ?just an annuity? explaining to the client the funds are safe from spend down. You have to ask yourself why would this happen? The reason is obvious, large commissions.

Commissions for the Medicaid spend down annuity are often very low while the commissions for a standard annuity are usually much higher. The agent will sell the concept of the annuity but provide a product that will never qualify for Medicaid spend down. This is where the liability issue comes to the surface. Of course by then the agent could be on to a different career or the obvious answer is ?I didn?t say that.?

At the time of need the client could be faced with additional stress and maximum exposure to exposed assets. This creates a very unfair situation for the client and the agent is almost never left holding the bag. Then of course there is this sales pitch and explanation.

Recently I ran into a situation where an annuity agent had sold a 17 year surrender contact to a widow aged 77. She was told that the annuity would protect all her assets and she could leave those assets to her children. In a couple of years she became ill and was in need of nursing home car and the annuity was the primary asset. Of course as a single person there was no way to protect the funds in the annuity and with the children, I called the agent. His reply was amazing, he said he knew the annuity was not going to be Medicaid qualified but it was not his problem, it was his ?errors and omissions? problem. He knowingly sold the product for the monstrous commission and had calculated the insurance company would make things right.

The client had to eventually cash in the huge surrender penalty annuity and suffer the losses. She was ill and not up to a fight with anyone and just wanted to be left alone.

The shame of this story is as annuity salespeople we are all considered guilty by the actions of a few. So here is my advice.

? Always work with an attorney who specializes in Medicaid planning

? Never call yourself a Medicaid specialist

? Never give legal advice

? If you sell a Medicaid qualified annuity make certain the contract will work in your state, ask the home office, they are there to help

And finally, be honest and open. Make certain the prospect understands exactly how a Medicaid Qualified Annuity works and how the benefits directly affect them and their personal situation.

Bill Broich is a 30 year annuity salesman who helps agents generate annuity leads. Visit his website to learn more - Annuity.com.

Use The Adwords Miracle To Get More Annuity Leads

Working with insurance agents over the years I have found one commonality? they fear technology. Of course, not all do, most of you reading this online article probably don?t? but in my experience I find fear of technology generally to be true. Some agents I work with still refuse to use email.

What they?re missing out on is an abundance of fresh, precision targeted leads that can only be found on the web.

I?m not talking about banner ads or pop-ups ads or email spam, which are so broad that they are rarely effective. I?m talking about keyword advertising. While there are many places to purchase keyword advertising Google?s Adwords system is by far the best. So what is keyword advertising? When you type in a search phrase, annuity leads for example, on Google you will be presented with one page displaying two types of similar results.

Organic:

In the center you?ll find organic results, organic being that the sites did not have to pay to be listed. They?re simply relevant to the search phrase.

Paid:

On the right hand column and directly above the middle results you will see other relevant results in boxes. Those are paid results. Companies pay by the click and bid against one another to be listed there.

The magic of keyword advertising is that you can target your ads directly to what people are searching for. If somebody types in annuities they are looking for annuity information. If they type in annuity agent Spokane, Washington for example, it?s obvious they are looking for a representative in the Spokane area to discuss annuities with. If somebody types in targeted phrases such as these the chances of converting the search to a lead are far, far greater than if somebody is perusing a general website and happens to see a banner ad for annuities. Make sense? In other words, people are looking for you.

Google charges by the click. Depending on your website, landing page and offer you can acquire reasonably priced leads. One offer I ran on Google averaged out to about $7.50 per lead. I converted roughly one in twenty-five to a sale. I made huge returns on my investment and the people wanted to see me. I did not have to sell anything? they were already in the market to purchase an annuity and I simply walked into their line of vision. Easy.

Now here is where the fear part comes in. How do you use Google Adwords? I?m not going to lie; it can be complex, especially if you?re inexperienced with internet advertising. I do not have enough space here to explain all the ins and outs. There can be a lot to it and the last thing I recommend is learning the hard way. You can lose a lot of money fast. To make it easier for you I read several e-books on the subject of setting up, running and maximizing adwords campaigns and the very best, most comprehensive book is Adwords Miracle. This book is not targeted to the insurance industry? it?s actually targeted toward affiliate marketers, but it is entirely useful and the same tips and tactics apply to our industry. In your mind simply substitute affiliate marketing with annuity marketing and presto, it?s 100% relevant.

The book is on the spendier side but with this you truly get what you pay more. You will save the money you spend on Adwords Miracle in the first week of running adwords. The book even covers landing pages and how to build in triggers to get higher conversion rates, which makes it truly invaluable. I heartily recommend Google?s Adword?s system for laser-targeted lead generation and Adwords Miracle as a map to get you there.

Bill Broich is a 30 year annuity salesman who helps agents generate annuity leads. Visit his website to learn more - Annuity.com.

Understanding Annuities Can Lead to More Annuity Sales

I am always amazed about the questions I get from agents regarding the types of annuities available. Annuities come in many shapes and sizes each designed for a specific use. One annuity may have benefits another does not and it is important to know the features and benefits of each contract.

Single premium deferred annuity: As the name implies it is a one time deposit and no further deposits are accepted. A single premium annuity can be many different types such as a fixed annuity, an indexed annuity and a variable annuity. Each of these types of single premium deferred annuities has their own features and benefits. I will discuss each of these later.

Flexible Premium Deferred Annuity: This type of annuity allows for continual or sporadic additional deposits. Each deposit is added to the account value and can be deferred. Variable, indexed and fixed can all be flexible premium annuities.

Single Premium Immediate Annuity: These contracts are used to create an income stream. A single deposit is made and an income will begin at a pre-agreed upon time. These payments to the annuitant can be monthly, annually or most other time periods. Any time period for the payout can be selected from any number of years to a lifetime guaranteed payment.

Variable Annuity: Variable annuities are securities and are sold with a prospectus. Variable annuities allow for the annuitant to designate a specific type of sub account or investment for the funds to be invested in. These sub accounts are like mutual funds in the sense the money is managed by an outside source and there is no limit to the growth of the funds or the exposure to loss. The money in the variable annuity is not at the insurance company but is on deposit at the fund manager. Variable annuities do have a guaranteed rate of return section which usually is a lower rate of interest. Variable annuity owners may switch investments in the annuity in the event of a new investment goal is desired. These changes can be completed without any tax liability. The funds in a variable annuity are not guaranteed and exposure to loss is part of the investment risk. In the event of death, variable annuities will guarantee at least the return of the original investment in the event the account is lower.

Indexed Annuity: Indexed annuities are fixed annuities whose returns are set to an outside source such as the Dow Jones Average. The funds in an indexed annuity are on deposit with the insurance company and not actually invested in the indexes. There are numerous options for selecting the type of crediting rate and how it interfaces with the specific index. One strong positive about indexed annuities is the deposit is fully guaranteed to never lose money and once a new amount is credited to the annuity then that becomes the guaranteed minimum.

Fixed Annuity: Fixed annuities come in all sorts and sizes from a few years contract to a longer period. Some will fully guarantee the interest rates the entire time period while others will allow the insurance company to determine the interest credited year to year. The funds in a fixed annuity always have a minimum interest which is fully guaranteed. Fixed annuities also guarantee the full account value.

Annuities are not for everyone but for those that will benefit from these contracts they can be perfect. Safety and security is the basic attraction to an annuity and when these benefits are needed they can be of enormous value. Developed your expertise, understand which annuity products are right for the unique circumstances and needs of the investor and increase your annuity sales.

Bill Broich is a 30 year annuity salesman who helps agents increase their annuity sales. Visit his website to learn more. Annuity.com

The Terrible Truth about Insurance and Annuity Leads

You see the websites, you see the ads: exclusive, never before sold, prospects eager to buy, insurance and annuity leads. Some leads cost a few dollars - others are over one-hundred a pop.

I was curious, just how good are these insurance and annuity leads? I decided to find out.

Im not going to name specific insurance and annuity lead websites, but I will give you a summary of how it all shook out.

Insurance and Annuity Lead Website A:

Cost: Cheap

Results: Terrible. 10% of the leads my staff called got number no longer in service recordings. The rest: the people had no idea what we were talking about. They were not interested in annuities, insurance or investments, nor did they remember filling out a request for information form on the internet.

Sales: 0

Insurance and Annuity Lead Website B:

Cost: Average

Results: Terrible. Prospects didnt recall filling out request for information on anything related to annuities, insurance or financial planning. Most just hung-up.

Sales: 0

Insurance and Annuity Leads Website C:

Cost: Expensive

Results: About twenty percent remembered filling out a request for info. However, they had been called numerous times by different agents. Most were getting sick and tired of the calls. A few had begun working with other agents. Most hung-up angrily.

Sales: 0


I spent two-thousand dollars on this experiment. I did not find one-receptive buyer. I had thrown away my money, not to mention time spent by my phoning staff to contact these hot prospects.

What the heck was going on? How could these websites sell such garbage?

I poked around, wrote a few e-mails to industry experts, not surprisingly, nobody got back to me. Luckily, I did end up making contact with a marketing person who had previously worked for a big lead selling outfit. She gave me the juicy details of how the majority of these lead companies operate, whether it is insurance leads, long-term care leads, annuity leads, or MLM/Work-from-Home leads. They all employ the same methods.

Method 1: You send cute E-card to your mother wishing her a happy birthday. You fill out name, e-mail and click send. Your name and e-mail are captured. If the site is a lead harvester masquerading as an e-card site, you will now be e-mailed by people looking to sell you annuities, business opportunity offers, etc.

Method 2: Leads site buys huge database, often just regional phone book listings. They sell these leads, which are nothing more than names and numbers picked from the phonebook. Some of these people may even be on the Do Not Call list, which could land you in hot water.

Method 3: Harvesting leads from search engines. Often these leads are quality, but are expensive to capture, so the leads companies will sell the leads over and over. By the time you buy the lead, it could have been sold twenty times. Sometimes youre the first to buy and you will find some quality prospects, more often youre not.

Method 4: Internet robots crawl web sites hunting for e-mail addresses associated with insurance and annuity content. Somebody might be inquiring about annuities on a newsgroup or forum, next thing they know theyre getting offers from annuity companies. The Annuity Lead companies dont let you in on how theyve harvested the leads. Its called spam and you could get in serious trouble for contacting these people unsolicited.

My contact did say there are decent leads sites. She said to check their policy to see if they guarantee the leads. Keep in mind, just because they have a guarantee doesnt mean youll get your money back if the leads fail to produce results. But often sites with some kind of guarantee are sites that harvest only quality leads and only sell them once.

If youre still of the mind to try internet leads my advice is to try just a few. Dont buy into a huge program that requires a minimum monthly or a large upfront purchase. Experiment a little with a cross-section of sites. Who knows, you may find one thats legit thatll help you make some money.

Bill Broich is the founder of The Broich Approach, an annuity selling and marketing system based in Olympia, Washington. You can find more information about him and his system at: http://www.broichapproach.com