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About
FSO
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Financial Services
Online (FSO) is the first and largest financial services publisher and portal
on the Internet. Our publications include Financial E-News, Financial Services Journal
Online and Messages From The Masters, which are available at no cost on our Portal
fsonline.com
ADDENDUM:This Newsletter is
published by Financial Services Online, Inc. and distributed on a complimentary basis
to members of NAIFA, subscribers of the Virtual
Sales Assistant(TM)
and selected other recipients. It is designed to provide financial service
professionals an overview
of the events and happenings that may affect their business. If you would like additional
information on any items or the sources used, please e-mail us at e-news-list-admin@ e-news.fsonline.com
Contact: Carolyn
Hersman
chersman@comcast.net
Copyright ©
2002 Financial Services Online. Reprints and/or permission to reproduce Financial
Services Journal must be obtained in writing from the publisher, Financial
Services Online.
LEGAL NOTICE
Please read these important legal notices concerning this publication
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About
NAIFA
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| Founded in 1890 as the National Association of Life Underwriters,
NAIFA is comprised of 900 state and local associations and represents the interests
of 90,000 life and health insurance agents and financial advisors nationwide. Many
of NAIFA's members are NASD-licensed registered representatives or registered investment
advisors. Benefits of membership include legislative and regulatory representation,
education and training, and networking opportunities. The NAIFA umbrella includes
the Division of Financial Advisors and three specialty organizations: the Association
for Advanced Life Underwriting (AALU), the Association of Health Insurance Advisors
(AHIA) and GAMA International. |
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Finally,
A Client Brochure for Life Settlements!
Financial Professionals
now have a great way to introduce the concept of a Life Settlement to their clients.
The brochure covers the basic features and benefits of a Life Settlement from the
client's perspective. Some of the aspects covered are:
- What is a Life Settlement?
- When to consider
a Life Settlement?
- How does a Life Settlement
work?
- Client Testimonials
- Client's Perspective
Case Examples
The brochure also
has a company stamp area for you to add your contact information. Many producers
are sending the brochure to all their clients over age 70. This creates new selling
opportunities to use the proceeds to fund needed annuities and LTC.
Agent Kits, Powerpoint
Presentations, and Blastfax documents with your contact information are also available
upon request.
Call Advanced Settlements today to tell us how many
Life Settlement Client Brochures you need!
THEY
ARE FREE!!!
1 (800) 561-4148
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August,
2002
WEAR THE BUTTON
by Jim McCarty
CLU, RHU, LUTCF, RFC
A wise man once said
that we are the sum total of all of our thoughts. If this is true, and it is, investment
merchants who have the ability to sell life insurance products should think of themselves
as salespeople in the financial services industry rather than only as sellers of
stocks, bonds, and mutual funds.
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FINANCIAL
PROFESSIONAL
Your
Top Ten Report
by Edwin P. Morrow,
CLU, ChFC, CFP, RFC
Focus, Focus, Focus!
It is the key to improving profitability in your practice. But what to focus on -
that's the question. The answer is derived from the following query, "What is
the true source of your income?"
SELLING
SKILLS
How
To Create Your Own Creativity
by
Bill Brooks
The
ability to be creative with solutions, prospecting or working with customers has
always been a key skill for any salesperson to possess. Being creative will allow
you to revitalize your sales career tenfold because you will instantly find yourself
becoming more able to provide your prospect with new and innovative ways to solve
their problems or improve their situation.
Deadline
Selling Can Kill Your Business
by Norm Trainor
Drop the hard-sell approach
and instead focused on building relationships, and creating urgency and action by
discovering, developing and appealing to your clients' own internal agendas.
Extraordinary Production
by Robert M. Nelson
I have spent most of
my career observing and learning from industry leaders. In the beginning, I was candidly
looking for "the" secret to extraordinary production. What was it that
separated me from them (besides the obvious at the time)?
WEALTH
PRESERVATION
Professional
Marketing is Vital
by
Ray Chodos and Adam Chodos, Esq., CPA
It is not unusual to
see two CPA firms in the same general market and locations have significantly different
practices and economic results. Marketing skill and expertise may well be the single
most important factor in the financial success of a CPA firm.
THE
STRESS DOC
Rebounding
from Psychic Regression and Economic Recession
by Mark Gorkin, LICSW
As most of us in the
Convention Management and Hospitality Industries can attest, the past year has been
fraught with challenges and crises. In response to terrorism, biochemical scares,
government security warnings and economic downturn the public in general, as well
as associations and their members, have battened down the hatches: tourism, travel
and conference participation have, until very recently, all been fairly depressed.
PSYCHOLOGICAL
MARKETING
Values
- What you don't know could be dangerous to your wealth
Michael Lovas, C.Ht.
In sales, marketing,
counseling, therapy and even everyday conversation, one of the classic mistakes most
people make is to project our own values into the other person, or as many advisors
have been taught, to elicit what we mistakenly assume are the values of the other
person.
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TRUSTED
ADVISOR
Best
Practices Aren't
by Bill Bachrach
No doubt you've heard
"too many cooks spoil the broth" or "a camel is a horse designed by
committee." Both clichés point to the same thing, of course: With too
much input, you lose something vital. The delicious becomes distasteful, and the
graceful awkward. |
ADVISOR
MARKETING
The
Pasta Principle - A True Sin
by Martin R. Baird
This is one of my favorite
marketing adages: "Let's throw it against the wall and see what sticks!"
We have a bunch of ideas and we don't know enough about our target market to make
educated decisions, so we waste time, energy and money trying a variety of ideas
to see what the market wants.
YOU
MAKE THE DIFFERENCE
A
Pig Carrying Baseballs Can Help You Build Your Business
by Stan Hustad, Performance
Coach
A few miles from where
I live a very average minor league baseball team draws enthusiastic, often sell out
crowds. The team plays in the shadows of a major league operation, yet the entrepreneurs
who sponsor the team have a very successful enterprise because they understand some
21st century marketing secrets.
COMMUNICATION
The
Dilemma of Too Many Choices
How
to Make Your Slides Work for You
by Steve Kaye, Ph.D.
When you go out, do you
wear all of the clothes in your closet? You know, do you wear all of your shirts,
tops, blouses, pants, slacks, skirts, ties, scarfs at the same time? Of course, you
realize that would make you look ridiculous besides somewhat bulky. So, you don't.
You wear one outfit that makes you look good.
BUILDING
YOUR BUSINESS
Incorporating
the Internet into Building Client Relationships--Issue 3
by Kirk Lowe
One of the best ways
to keep clients is to have strong relationships built on trust, understanding, caring
and appreciation. How do you do this you might ask? You need to effectively communicate
with your clients regularly. There are many ways you communicate with your clients:
meetings, phone calls, seminars, gestures and mail to name a few.
THE
MARKETING COACH
TROPODS
- The Strongest Basis for Thinking and Speaking
by John H. Melchinger
Will Rogers said, "
It isn't what you don't know that hurts you. It's what you know for sure . . . that
just ain't so." In this one statement, Will cautions against blind acceptance
of what may well be myths, misinformation, or downright lies. He wants us to examine
our beliefs for accuracy and appropriateness. We owe the future our vigilance now.
SELLING
INSURANCE LIKE CRAZY
How
To Use Your USP To Blow Away The Competition!
by Ken Varga
"What's in it
for me?"
This is the question
every person asks himself or herself, either consciously, or subconsciously any time
he or she buys or considers buying a product or service, regardless of how large
or how small. To prospects and customers alike, it's the most important question
in their minds, and how you answer it will affect the success of your agency, practice,
or career.
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