Bring in a secondary long term income with little work

Did you know that 90% of the life insurance agent's work  is done before they get in front of their prospect? The hardest part for life insurance sales is getting in front of people to discuss their insurance needs.  Here’s a side note. Did you know that 90% of the insurance sale for the property and casualty agent is also done before they get in front of the prospect? Are you seeing the connection here?  Both insurance agents are doing the same exact thing and spending countless hours finding prospects. Why not make money on the auto and home insurance as well while you are there. And here is the best part.  You don’t have to do any work. No gathering data, no quoting, no selling, and no future servicing.  We do it all.  You don't need to know a thing about auto and home insurance.  How is this done you ask?  Well, I hope you asked anyway.  

Here it is...

We have a new app that allows the prospect to send their insurance documents with just a simple click so you don’t have to do any questioning  or data gathering. You just need to ask the question  " Would you like...".  and they say yes.  For your prospect, the time it just took to read this paragraph is how long the process takes for him or her to complete  the app.  Also use our app to upload their life insurance docs as well.

After we have sent over the quotes and they choose to switch, the sale is finished and you get paid.  You get paid on new business as well as renewals, all without having to be an acting P&C agent.  You do need to get licensed in order to start receiving renewals  at 12 months.)

Here is how it works step by step.

1. You are now an Insurance Advisor not a life/health agent- important to remember

2.  Say One sentence to let them know you offer multiple services

3. Direct them to QR code on business card or website  www.copperridgeinsurance.com

4. They click the drop down and highlight their insurance carrier and log in. 

a. YOU ARE DONE AND THEY ARE DONE.  -MOVE ON TO LIFE INSURANCE

1. We now have the auto and home insurance info to quote with our top rated carriers and to send them the best quote along with their current policy to compare.

a. This is the only email they will receive. We never call or contact them until they reply back.

2. If they like it, they contact us and we will start their new policy along with canceling their old one. Think of us as a concierge service for your client.

KEY POINTS

· Saving money on their auto and home insurance helps you to make a sale by moving now available funds to their life insurance premium

· New commission ranges between 10-15% on new. Renewals are between 5-10%

· You do no P&C work. We take care of everything.

· Finally Their agent is not trying to sell them life insurance when they talk to your clients during their annual review.

· This works even if you don’t make a life/health sale. It’s another feather in your cap.

• 5 new monthly accounts ( average referrals per month)
• $2500 average household premium for auto and home = $12,500 premium for the month
• 13% average commission = $1625

• 10 new monthly accounts ( high producer)
• $2500 average household premium for auto and home = $25,000 premium for the month
• 13% average commission = $3,250

• 5 new monthly accounts 
• $2500 average household premium for auto and home = $12,500 premium for the month
• 13% average commission = $1625
• Plus year one's renewals of 5% for month one = $625
• Total commission for month 13 = 2,250

• 10 new monthly accounts 
• $2500 average household premium for auto and home = $25,000 premium for the month
• 13% average commission = $3,250
• Plus year ones renewal of 5% for month one  is $1,250
• Total commission for month 13  = $4,500

• 5 new monthly accounts with a 90% retention rate  =  $4,937.  Yearly commission roughly $60,000
• 10 new monthly accounts with 90% retention rate = $9,375.  Yearly commission roughly $112,500