I have been having the most interesting week. or rather last month.
Seems like the more i get used to this insurance thing, the more i talk about the importance of knowing what you want out of your insurance. what you want could really help your agent to recomment a product that suits you in every aspect and gives you the outcome you want.
In turn, it leads me to talk about the different types of life policies and how they can work for you.
Very quickly, there are roughly 3 types, which further break into smaller groups.
1) Whole Life Policies
(i) Traditional
(ii) Limited Pay period
2) Term Policies
3) Investment Linked Policies (ILP)
I have been having the time of my life Alt-Tab-ing out of my quotation system and my excels/word documents coming up with a good comparison table for the premiums of these different products and also a list of how they can provide you different benefits.
It has been extremely insightful at looking how these policies work.
In other news, AIA has a new Limited Pay policy on the market! It's called the Guaranteed Protect series and I am fuming mad!!!! because it just launched, the quotation system has been giving me a massive headache hahaha
It basically has an add on multiplier which greatly increases coverage for the insured person from age 0 to 65. so it is a fantastic improvement to our previous one which has been phased out.
Now if only I can get the system to display what i want it to display!!!
conquering my IT equipment,
Jessica
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