Sales vs Service. How would you word a statement for an insurance company about Sale vs Service?
I need to write in the region of the sale vs service workflow strutcture. I am of late really at a loss on how to word the thing. Can anyone offer me some good expamples?Answers: Sales is what get the business on the books. Service is what keep the business on the books.
Sales is getting those to come to you on the promise that you are the best place for them to be. Service is coming through on the promise to keep them near you.
Can you borrow against your life insurance policy?
Answers: If you have a cash value policy, you can borrow most of the cash value. You pay interest to the insurance company. If you die before paying it back, the insurance company subtracts that amount from what they pay out. If you let the polciy cancel, well, it was YOUR OWN CASH VALUE that you were borrowing.
Cash value usually builds, after the first few years, at about 10% of what you pay in. So if you pay $1,000 a year, cash value is about $100 a year.
I've written some other relevant articles on this topic, but the short answer is "yes if it has surrender value, but it is usually not wise."
If you have a more specific question about borrowing from your policy, please feel free to add more detail.
Yes if it is a cash value policy.
Be careful, if you borrow too much and lapse the policy you may have a taxable event to contend with.
Adverse screening describes a situation surrounded by which?
a) buyers of insurance consistently make the wrong judgment and buy too much insurance.b) insurance companies find most of their customers coming from high risk groups.
c) insurance companies find most of their customers coming from low risk groups.
d) buyers of insurance can affect the probability that the risk insured against will come about
Answers: b
Definitely B.