3BENEFLEX FINANCIAL GROUP MASTER MARKETING GROUPJERRY HILL joined the industry AS an agent in MAY 1988By the end of the year he had written over $1,000,000JERRY WAS NAMED AGENT OF THE YEAR AND THEN BEGAN RECRUITINGJerry is now licensed in over 41 states and is actively recruiting in those states.Jerry has has agents in his group that consistently earn in excess of 6 figures each year.
4Beneflex Financial key to success. The lead programBeneflex Financial has several proprietary lead generation systemLead generation is all In-House and outsourced for better quality.Typical insurance industry agent spends 90% prospecting and 10% sellingWith the Lead Program, agents spend 90% selling and 10% prospectingExpert Selling System2 step process – booking the appointment – presenting to the clientDesigned for the one appointment sales cycleAvoid wasting time with “shoppers”
5For success choose Beneflex ProductsWe only partner with companies that provide the latest, cutting edge products and services that hold the grade A rating through companies such as A.M. BestValue programs – not just the steep or cheap marketInnovative riders – always seeking the best for the clientSupportThe independent agent’s strength is partnering with Beneflex Financial GroupGood deals with specific insurers come and goSteady agent income as a result of the diversity and negotiating clout that Beneflex Financial Group providesBeneflex Financial will not contract with an insurance company unless it is the best deal for the agent and the client
7Impaired Health Companies Beneflex Financial Grp CompaniesImpaired Health CompaniesUS Financial and PresidentialProducts that will actually cover HIV+ folks.Essentially, if they can fog a mirror, we can write them.Examples: Heart Attack, Cancer, HIV, Quadriplegic, Insulin Dependent Diabetes, EmphysemaWe will not train on these companies or these products today. If you get someone declined, contact your manager about how to use our Impaired Risk Companies.
9Beneflex Financial Group Shenandoah LifeFounded in 1914, Roanoke, VAA- with A.M. Best; largely due to smaller sizeSmall Mutual Company in only 30 statesTwo Primary Products: (1) Mortgage Protector; (2) Golden PromiseMortgage Protector is a copy cat of F&G’s Home Certain with some minor changes. As we go along, we will train you on this product. It has certain situations where it is better than Home Certain.Golden Promise is a Final Expense product. It is a perfect product to offer the parents of your clients. If you don’t know who is paying for your parents’ funeral, then it is you.
14The ‘Simplified Selling System A Two Step ProcessThe Telephone CallThe In-Home Presentation
15The Telephone Call Booking the Appointment What you are trying to accomplishRefer to the Letter (lead) that the Client filled out and ReturnedLet them know that you are the agent for their areaSay that the appointment will only take about minutes to show how the program worksSet a time and explain that it is important that both husband and wife are present.
16The Phone Call – Script Example Hi, this is __________with the Mortgage Protection Group. I’m calling because you had filled out a form and sent it back to our office requesting more information about our mortgage protection program.ORHi, this is __________with Mortgage Protection Group. I’m calling in reference to your mortgage with________. You had filled out a form requesting more information about our mortgage protection program.Our district manager will be in your area this weekend. He only needs about minutes. Their is a slot available tomorrow at 4 or Saturday at 11. Which would you prefer?
17The Phone Call – Potential Objections I can't meet tomorrow…Great, so Saturday morning works better. Would you like the 10 o’clock slot or the 11?I just wanted some info…I mailed the info to you and you sent it back. Since you are interested I will now take 5 minutes in person to share with you how it works, answer your questions, and give you the bottom line. I can see you tomorrow between 6 and 7 or Saturday morning at 10 or 11. Which one works better?
18The Phone Call – Overcoming Objections “I just wanted to know the price”“I’m just the appointment setter, so I don’t know any specifics about the program. What I can tell you is that I have seen rates anywhere from $25 a month up to $500 a month, depending on the individual. Our manager will be able to give you all of the specifics when he comes out. Is tomorrow or Saturday better for you?”“Can’t you just send me some information?”“We did send you the information on the form that you filled out and sent back to us. Since you are interested, let our manager take 10 minutes and explain the features and prices to you. Is tomorrow or Saturday better for you?”
19What you are trying to accomplish The AppointmentWhat you are trying to accomplishClose the deal! Come out with applications and checks!Basic OutlineMake the clients feel comfortableGo over the featuresShow the pricesWrite up the application
20The Appointment Script Introduce yourself. Make them feel special, compliment them on their home, their yard, the car, etc.Once at the table…“Tom and Sue. I am here to go over the benefits of your program and to show you the bottom line. We will then send in an application to the underwriting company and they will make a decision based on that request. Sound good?“Now, I can take an hour and show you all of the charts, graphs, and brochures or I can take 20 minutes, show you what it is and what it does, answer your questions, and give you the bottom line. Which one would you prefer?”Then cover the selling points on the lead.
21The Appointment – Selling Points Script“This first bullet says that there will be enough to pay off your mortgage if you die. This means that we will pay no matter how you go. If you are in a car accident, or have a heart attack, whatever the case may be, we will pay.“The second bullet says that if you can’t work due to illness or injury, we will provide enough income to make your monthly house payment in full for up to two years. If you can’t work because you’re sick or injured, we will provide for the monthly payment. Period.“The next bullet states that should you lose your job, we will make the premium payments for this protection for six months. Another way of looking at this is that you may lose your benefits at work, but not the benefits that you have with us.
22The Appointment – Selling Points Script“Finally, if you don’t use this protection, we can give you back all of the money that you paid in. In other words, either you use the protection or you don’t. If you do not, you have not lost a thing! Pretty neat…“Well, let’s take a look at what is important to you and your family”At this point, clarify their needs and budget requirements.Show the pricing options and watch for buying signals
23The Appointment – Presenting Prices What you are trying to accomplishThis is where you show the bottom line.You need to be very sensitive to reading their body language.You need to explain the program and then start writing up the applications.
24The Appointment – Present Prices Script suggestions for the laptop“Well, Tom your program is $___ per month. And Sue, yours is $___.Note: It is not required to begin at the beginning of the application.For example…beginning with the beneficiary information: “Now Tom, who do you want to leave this to when you die? To Sue?”Proceed with filling out the application. If you hesitate, you will probably lose the opportunity to close the deal.
25The Appointment – Present Prices If they balk at the Bank Draft“Well Tom, that’s not a problem, I just need to collect the first twelve months tonight.”“Tom, the insurance industry is one of the most highly regulated industries in the U.S. You can rest assured that the last thing an insurance company needs is to bring the SEC and the Insurance Commissioner down on them by being irresponsible with your bank draft.“Let me make a suggestion: try it for a couple of months and if they can’t get it right, we can always change it back to a billing mode.”
27Mortgage Protection/Life Insurance is an emotional sale Keys to RememberMortgage Protection/Life Insurance is an emotional saleYou are helping your client think, plan, and prepare for their eventual death and the effects that it will have on their family.There was emotion when they sent this card in; there should be emotion when they purchase their plan.One Step CloseThis program is designed to close the lead in one appointmentThe “sale” was made with the lead.Refer to the lead during your discussion/presentationThe appointment is set up to choose a premium level and pick up a check and get referrals
28The Client Sent the Letter Back Keys to RememberYou are not an insurance salesperson – you are a “Mortgage Protection Specialist”You have the expertise to counsel the client on the best way to protect their home for their familyYou have to differentiate yourself from your competitionThe Client Sent the Letter BackThey want to buy. Do not wait for a “yes”. They have already said “yes”.Book the appointment.Show the features and prices.Then fill out the applications.
29Steps to the CloseEmotion…Paint Pictures with Words Logic…Show the Prices Assume the Sale…Don’t Hesitate Fill out the Application(s)
31AMERICO Application Tips How to Get PaidRead through application at least once or twice before your first appointmentFill in all of the boxes – leave no box emptyMust get signatures and checks while in homeHighlighting signature boxes ahead of time is smartKeep copies of all applications
32AMERICO Application Tips – Common Errors Page 1 of 8Name - First, M.I. and Last. (Middle Initial is often missed)Address - house number with Street Name, City, State, and Zip code (City, State and Zip are often left off)Beneficiaries - Full Name, Relationship to Insured, and Percent of Share (The relationship to insured is often missed) Be sure and get the beneficary social security number.. If they do not have it, ask them to obtain it and supply later.
33AMERICO Application Tips – Common Errors Page 2 of 8Make sure the Term Period and Premium Guarantee Period line up with product soldCredit Card can only be for the first premium or for a full annual premium, not monthly charge.For the sale of any other product that is not Home Certain, the Accelerated Benefit Rider is FREE but must be colored in to be applicable.Critical Illness Rider and the Child Rider need to have the required supplemental questionnaire attached.The adding of Extended Premium Guarantee Rider is to be listed under OTHER at the bottom of the page.ALL YES or NO questions…the circle is to be BUBBLED in, not X, \, or checked.
34AMERICO Application Tips – Common Errors Page 4 of 8YES answer to Questions 2, 5, and 6 need a completed questionnaire.Page 6 of 8Medical History Questions…You can use ADLF3787 Underwriting Guide (Blue Book) issued from F&G or we have also provided forms with pertinent underwriting questions. Question 1…A through K that has been answered YES, should have the underwriting questions answered under details at the bottom of page, in additional information on page 8 or use an added page with all the details and include as an attachment.Page 7 of 8Authorization / Certification is signed and asked for CITY, STATE and DATE. The date is frequently missed.
36What is Expected of You? Work 50 - 75 phone calls per week 5-15 appointments per week4-5 applications per 10 leads$2,500 AP per 10 leads as a minimum
37What is Expected of You? Communicate Let your manager know what is going on with the money (leads) that were provided to youPhone call tracking sheetHow many phone callsHow many appointmentsHow many applicationsDon’t allow your activity to be stunted just because your manager isn’t made aware of what’s going on.Two ways to get more leads – Production and Communication
40What is Expected of You? Be accountable to the system and to the team Be coach-ableJust assume that we know what we are doing.
41Income Example 5 leads 1 is too unhealthy 1 is shopping 3 are fair game (before referrals)55%Average Monthly Premium$80Annualized$9601st Year Commissions$5282 sales per 5 leads – comms$1,056Lead cost per 5 leadsFreeTotal Annual Income$54,912
42Income Example Improvement of Income Referrals Extra Sales per HouseholdHigher Average PremiumPay for your leads55%60%$100$1,200$720$2,160$81.50$108,706Average Monthly Premium$100Annualized$1,2001st Year Commissions$6603 sales per 5 leads – comms$1,980Lead cost per 5 leadsFreeTotal Annual Income$102,960
43What Causes Agents to Fail? FearThe PhoneRejectionIncomeChangeThe SystemFailureInsurance Lingo
44Traits of Successful Agents They are not geographically anal about lead flowThey listen to and memorize the MP-3’sStudy and master the product lines/features sheetsGet a mentorMaintain a good work ethic
45Final Thoughts…We have supplies for you. If you are on the call, contact your manager for supplies.Applications, supplements, marketing brochures, folders, MP-3’s and HIV and HIPAA formsContact your manager for your first set of leads. If we don’t hear from you, we assume that you will let us know when you are ready for leads.Call those leads and book appointmentsThere is a diminishing return with this training. The longer it takes you to make your first call, the less likely it is that you will ever do it successfully.
46Welcome to Beneflex Financial Group and The Mortgage Protection Group of companies
47Software awarenessRun different plans on yourself so you can better understand the software and the programs available.