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About FSO

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

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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.

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About NAIFA

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.

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


 

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.


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. 
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.