7 Benefits of Selling Final Expense Insurance

 Selling insurance is a great way to make money

Final expense insurance is one of the most popular types of policies in the country. It’s designed for people who are nearing retirement. They want to protect their families from financial hardship if they die prematurely.

If you’re looking for a great career option, this might be for you. You can sell this type of policy, and you’ll be able to help families get peace-of-mind that they need. And as a bonus, you can also make some extra cash on the side. And with no medical exam required, it’s easy enough for anyone to do!

Keep reading to find out more about the benefits of selling final expense insurance.

1) Make Money in Any Economy

 Selling final expense insurance is one of the most recession-proof businesses you can start. You don’t have to worry about business suffering in this industry.

Because it’s designed to protect families from financial hardship after someone dies, this type of policy is always in demand. The state of the economy does not matter as much.

For example, let’s say you sell a $10,000 final expense policy. It will only cost the family around $500-600 per year. This is an affordable price point for just about anyone to handle. Even if they’re on a tight budget.

2) Work When You Want

 Since you don’t need a medical exam to sell final expense insurance, you can start your business immediately. Once you’re set up with an agency, all you have to do is find potential customers and help them get a quote.

You decide how much you want to work, and that’s up to you. You can choose to work part-time nights and weekends while also holding down a job. Or you might prefer working full-time so you can make the most money in the shortest amount of time.

It doesn’t matter if you don’t like cold calling people on the phone. It’s completely up to you.

3) Have a Rewarding Career Making a Difference

 One of the most rewarding benefits of selling final expense insurance is helping families get peace of mind after they’ve lost their loved ones.

This policy specifically helps protect people from financial problems after someone dies. Closing sales on these policies can be incredibly fulfilling.

Knowing that you’re helping people achieve their dreams of leaving money behind for their families is pretty awesome all on its own.

Everyone has a different reason for selling insurance (including some who do it because they love the money). This benefit makes your job even more satisfying, regardless of why you decided to get into the industry.

4) There’s Never a Typical Day

The first rule of selling final expense insurance: there is no typical day! Your agency should provide you with training and support, but how much time you put into your business is up to you.

If you want to spend as little as two hours per week making sales, you can do that. If you want to be selling 10 policies per week, you can do that too!

You might find that leads come in sporadically or consistently-you never know when the phone is going to ring with someone who’s looking for coverage. But no matter how often leads come in, there are no requirements to selling this type of policy.

5) Start a Business with Consistent Income Streams

Another awesome benefit to selling final expense insurance is the ease of creating income streams.

Since you can sell as much or as little as you want, it’s easy to create multiple income streams by picking up just a few more policies per month. Just imagine what you could do if you sold an extra 10 policies per month. There are no limits, so you can do as much or as little as you want to create the business that’s right for your lifestyle.

For example, let’s say you add just two policies per month to your existing sales. That’s an extra $3,000 of income each year that you didn’t have before!

6) No Experience Required

 Selling final expense insurance doesn’t require much-if any-previous experience.

Since all this policy requires is someone to sell it, you don’t need prior sales experience at all. And since it’s a high-ticket item with very little competition in the industry, it gives newer agents the chance to make larger commissions right from the start. They can start earning a better income almost immediately.

This is important because not everyone starts out with a large amount of capital to invest in their business. Many people choose to start their own businesses instead of working for someone else. But it’s impossible to sell something if you don’t have the money to invest in a storefront or an office.

However, this is not a problem when selling final expense insurance.

7) Enjoy Flexibility with Your Work Hours

Since you can sell final expense insurance anywhere, it gives you total flexibility when it comes to the time of day that you work.

Maybe mornings are best for your schedule but afternoons work better for your customers’ availability; no problem. It’s completely up to you when and where you want to work, so finding a schedule that works with your lifestyle is easy.

Additionally, the money that you earn selling this policy is also very flexible. You can work as much (or as little) as you want and still make the same amount of money per month. There are no limits, which can be incredibly attractive to people who are looking for more flexibility in their lives.

Selling final expense insurance is a great option if you’re looking to break into insurance sales and want to start out with a less-competitive product.

Sell Final Expense Insurance Today

Now is the best time ever to get started selling an industry-changing policy like final expense insurance! No matter what your career goals are, this policy lets you make more money AND be happier in your work.

For even more helpful tips just like these, be sure to check out the rest of our articles on the blog!