The life insurance industry is on the brink of a potential revolution driven by artificial intelligence (AI) technologies like ChatGPT. As AI-powered risk assessments enable a more personalized and dynamic approach to underwriting, the implications for traditional life insurance agents, underwriters, and consumers are significant. This article explores the groundbreaking ways in which AI could … Read more
Videos on managing COVID-19 in the life insurance industry. Fear, Innovation, and Long Term Care. The topics Mitch Long talks about in the videos below that address managing COVID-19 in the Life Insurance Industry. It all starts with activity. COVID-19 has impacted all industries and individuals. And in these videos, we hear from KazSource Insurance … Read more
Over the weekend I was trying to come up with a sales-idea to send out to all my agents. My son happened to show me a clip, which I have included below, from a former Navy Seal (Jocko Willink, author of the bestselling book, Extreme Ownership). In this video, Jocko talks about how to say … Read more
for agent use only | life insurance post pandemic by Mitch Long I hope everyone is doing well and I am excited that in North Carolina we appear to be moving in the direction of opening up the state. However, I think this experience may cause some permanent changes in how customers purchase life insurance … Read more
We have a crisis on our hands. An uncertainty if you will. The Coronavirus (COVID-19) has made a mess of things. But that doesn’t mean opportunities don’t exist. An insurance advisor asked me yesterday if I was busy. I think he was surprised to hear that I am. The current situation in our country actually … Read more
Principal Financial Life Insurance Company has been an innovative leader in the life insurance market for years. They were an early adopter of the online life insurance application. They were one of the first to offer accelerated underwriting. And now, their newest program takes this even a step further: Principal Guaranteed Issue Term Insurance. With … Read more
Thinking through the polarizing takes on Indexed Universal Life Insurance | a thinking & conversational-style blog post I think it’s good for the insurance industry when there are people out there writing and talking about important topics in the insurance industry—and I don’t mean agents. So when I hear The Insurance Pro Blog Podcast discussing … Read more
I recently met with a husband and wife about their long-term care policies. I wasn’t there to make a sale, just to assist them in reviewing a recent rate increase. The insurance agent who referred the couple provided me with the husband’s date of birth—at first I thought it must be a typo, but no, the … Read more
It has already started: life insurance industry disruption I’ve met a lot of people in the life insurance industry who have been very successful in the past and think that all they have to do to stay successful is to keep doing what they’ve always done. There’s a word for that: denial. Look around—everything else is changing, … Read more
September is Life Insurance Awareness month. This month is a great opportunity to show clients and potential clients how important life insurance truly is. These materials from John Hancock are great resources to help you and your clients. These are producer approved materials. If you are a consumer, click here. Financial security and wellness are goals that are highly ranked … Read more