Why Do I Need Whole Life Insurance if I’m Younger than 40?

Why Do I Need Whole Life Insurance if I’m Younger than 40?

Whole life insurance is becoming a more popular investment with buyers under 40, according to a recent report from a major provider.

According to the company, consumers under 40 are turning to whole life policies rather than other investment vehicles. The poll showed 74 percent of respondents who bought this type of protection said they wanted financial security as quickly as possible. Another 76 percent said they had a desire to get rid of debt with haste.

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How Bank Investment Program Managers Sell Insurance

How Bank Investment Program Managers Sell Insurance

Banks that want to succeed in selling life insurance to customers may consider making sure they have a plan tied specifically to these products, according to a recent report from LIMRA.

According to the study, financial institutions that had specific life insurance goals for sales representatives outperformed their counterparts that did not. Scott Stathis, managing director of Kehrer-LIMRA, says setting goals for employees provides an “undeniable” return.

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