Monday 5 January 2015

Misconceptions about Insurance Industry Revealed by Giovanni Jean Baptiste

Insurance market suffers various economical crests and trough riding on certain parameters like sales, premium rates etc. The customer oriented business makes it vulnerable but a chance to make steep profit too. The misconceptions are on both sides: Customer and Agency. While Agents thinking it as a onetime investment by customer and tries to hoard maximum commission. The customer himself uses it as the source of financial backup for any possible loss. Lets try to graph what misconceptions makes the people to wait or avoid the cumbersome looking insurance policies terms and conditions.

1) No one tame Agencies: If you really think companies can increase or decrease the term rates and intervals. Let me tell you, if you are living in USA, there are national authorities which circulate strict guidelines for these agencies and put caps on various parameters like deductibles, interest rates. This is aided by authorities only with one objective: To enhance the maximum profit of customer. From top level concepts to ground sales and marketing, everything is under the surveillance. So, you don’t have to worry about hidden charges and undefined expenses.

2) Don’t need insurance now! :  You will get this statement from many of the youngsters. A recent survey has reflected that, there are better discounts from insurance agencies to offer, if you are willing to sign up early in your age. Life insurance is not only about financial cover for injury, physical loss or deaths. Actually, if you start investing early, you will get better maturity returns overtime and by the time you reach your retirement, you will have great time and resources to enjoy the latter part of life. In order to start investing early and to get sound profits overtime, always consult to some of the best in industry like Giovanni Jean Baptiste.

3) But the agent told me that…: Always trust your own eyes and senses. The agent may exaggerate all the positives of a policy to hide the negatives. Read every small text carefully under terms and policies section. Because, once you signed on the end of policy, the agent will not be responsible for any outbound claim, you may request afterwards.

The market of insurance is deep and complex, but by learning the basics, you can draw these misconceptions away. You never intend to fall the prey of false promises and hidden losses. Always trust someone, who has a good track record and sweated hard in insurance industry. Giovanni Jean Baptiste is an accomplished senior and a guide to buy right policies according to your needs. Get the best by gazing to the most experience in industry.

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