In fact, the LIMRA survey found that clients who receive a needs analysis at the time of sale purchased an average of $423,000 in face amount—almost twice the $215,000 average purchase by clients that did not receive a needs analysis! Not only will helping your clients define their need for an appropriate amount of life insurance increase your sales, but it is also the professional thing to do.
If you are ready to give this a try with your next client, MVP recommends these tools to help you get started:
- For a printable worksheet, go here
- For an electronic calculator that can be used on your computer, iPhone or iPad, go here