Home » Finance

Why Insurance Agents Offer Mortgage Insurance

Aug 11, 2008
Nowadays, jobs are not certain anymore. You could be employed today and laid off tomorrow. That's why it's important that you have a financial cushion in the event there is a sudden loss of income, whether triggered by job loss or health issues. Mortgage insurance is becoming more popular now. People are realizing that there could be a chance for loss of income at any given time. It's better to be ready than not.

Insurance agents offer mortgage insurance because they know that there are people that need it. In the event of the inevitable, there should be some type of financial backup plan. The agents know that financial hardships can take a long time to recover from. It's important that they sit down and talk to clients about this type of insurance.

The agent can cultivate a relationship and explain to the client how important it is to have this type of insurance. Not just for them, but also for immediate family members. If family members don't have this, then without a backup plan, they could be looking at bills mounting and possible foreclosure of the home.

An insurance agent's job in this scenario entails that they talk with the client to see if they are interested in this insurance. It's not something where it's pushed off on someone. It can be explained as something of financial value. The last thing any family member wants is to be stuck with debt.

They also believe in this insurance because they know that it can be affordable for the client. As long as it's conducted in a way that doesn't seem pushy or threatening, the client will probably listen and take advantage of it. It must be emphasized that this insurance can be responsible for alleviation other financial headaches that were not settled.

The agent could offer others the peace of mind needed to deal with unexpected events. The family would not have to concern themselves with debtors getting paid. This insurance will do it for them. The agent could also explain to them other benefits about having this insurance, such as:
-Can receive funds earlier
-No examinations
-Receive a lump sum or disbursements
-Additional benefits available, such as disability
These are just some of the things the agent would explain to the client. The agent should not make an effort to pressure them to purchase. It's better to work on the relationship first, and then get your feet wet with this information. This is not necessarily something that you'd want to hear from the agent, but at the same time, you want to be prepared and ready financially. Doing that can remove the burden of not having money to pay off debt. It can make things a whole lot easier in the long run.
About the Author
We provide sales leads to our agents. These leads are returned by a homeowner in their own handwriting. This allows the agent to spend most of their time selling versus prospecting. Go to www.powerfulinsurancesales.com for more information.
Rating:
Please Rate:
(Average: Not rated)
Views: 128
Print Email Report Share
Article Categories
    • Artists
    • Gambling
    • Humanities
    • Humor
    • Movies
    • Music
    • Photography
    • Tattoos
    • Television
    • Classic Cars
    • Motorcycles
    • Recreational Vehicles
    • SUVs
    • Trucks
    • Vans
    • Branding
    • Business Opportunities
    • Careers and Jobs
    • Corporate
    • Customer Service
    • Direct Mail
    • Entrepreneurship
    • Ethics
    • Financing
    • Franchising
    • Home-Based Business
    • Human Resources
    • Import and Export
    • Leadership
    • Management
    • Market Research
    • Marketing and Advertising
    • Negotiation
    • Network Marketing
    • Networking
    • Organizational
    • Presentation
    • Project Management
    • Public Relations
    • Small Business
    • Strategic Planning
    • Team Building
    • Telemarketing
    • Training
    • Data Recovery
    • Databases
    • Games
    • Hardware
    • Networks
    • Operating Systems
    • Programming
    • Security
    • Software
    • Spyware and Viruses
    • Ask an Expert
    • College and University
    • Home Schooling
    • K-12
    • Languages
    • Online Education
    • Psychology
    • Coffee
    • Cooking
    • Gourmet
    • Recipes
    • Wine and Spirits
    • Acne
    • Aerobics
    • Alternative Medicine
    • Beauty
    • Cancer
    • Cosmetics
    • Depression
    • Diabetes
    • Diseases and Conditions
    • Fitness Equipment
    • Fitness
    • Hair Loss
    • Heart Disease
    • Medicine
    • Men's Health
    • Muscle Building
    • Nutrition
    • Skin Care
    • Supplements and Vitamins
    • Weight Loss
    • Women's Health
    • Yoga
    • Arts and Crafts
    • Babies
    • Collecting
    • Elderly Care
    • Genealogy
    • Hobbies
    • Parenting
    • Pets
    • Pregnancy
    • Woodworking
    • Feng Shui
    • Gardening
    • Home Appliances
    • Home Security
    • Interior Design
    • Landscaping
    • Affiliate Programs
    • Article Marketing
    • Auctions
    • Audio
    • Banner Advertising
    • Blogging
    • Broadband
    • Domain Names
    • E-Books
    • E-Commerce
    • Email Marketing
    • Ezines and Newsletters
    • Forums
    • Internet Marketing
    • Link Popularity
    • Pay-Per-Click
    • Podcasting
    • RSS
    • Search Engine Marketing
    • Search Engine Optimization
    • Security
    • Social Media
    • Spam
    • Video
    • Viral Marketing
    • Web Design
    • Web Development
    • Web Hosting
    • Copyright
    • Cyber Law
    • Intellectual Property
    • National, State, Local
    • Patents
    • Regulatory Compliance
    • Trademarks
    • Buying
    • Selling
    • Baseball
    • Basketball
    • Boating
    • Cycling
    • Extreme Sports
    • Fishing
    • Football
    • Golf
    • Hockey
    • Hunting
    • Martial Arts
    • Running
    • Scuba Diving
    • Soccer
    • Swimming
    • Tennis
    • Dating
    • Divorce
    • Marriage
    • Weddings
    • Astrology
    • Buddhism
    • Christianity
    • Faith
    • Hinduism
    • Islam
    • Judaism
    • Meditation
    • Metaphysical
    • New Age
    • Cable and Satellite TV
    • Cell Phones
    • Communication
    • Gadgets and Gizmos
    • GPS
    • Satellite Radio
    • Video Conferencing
    • VoIP
    • Addictions
    • Coaching
    • Goal Setting
    • Motivational
    • Stress Management
    • Time Management
    • Clothing
    • Electronics
    • Fashion
    • Gifts
    • Jewelry
    • Causes and Organizations
    • Environment
    • History
    • Holidays
    • Men's Issues
    • Nature
    • Philosophy
    • Politics
    • Women's Issues
    • World Affairs
    • Air Travel
    • Camping
    • Cruises
    • Destinations
    • Outdoors
    • Article Writing
    • Book Reviews
    • Copywriting
    • Fiction
    • Non-Fiction
    • Poetry
    • Quotes
    • Screenplay
    • Tools and Resources