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  • Home
  • Helpful Notes
  • Contact Us
  • Agent of Record
  • About us
  • SARS-Cov-2

Helpful Notes

Advertisments

All advertising has two goals.  One, is to make you aware of who is selling what and secondly, stir you to action.   It's that 'stir to action part that's tricky because every company wants to you believe they are the only company you should buy from.   

Competition Breeds Differences

If products from different companies are basically the same, each company strives to differentiate themselves from others.  For some, it's price, for others, benefits  It's up to you who must decide how this mix best fits you.

Giveth and Taketh Away

Some companies appear to offer more benefits.  More giveaways usually means more takeaways somewhere else.  A medical plan with extra benefits-or-extra benefits with a medical plan is not the same.  Carefully look over all the benefits and features of a plan to get a sense of what that plan will offer you. What is it that you value?

Price is a Variable. Always.

In the insurance industry, pricing is usually determined by the sum of claims, administration and profit divided by the number of insureds.  When any one of the variables move, so does pricing.  A Good Price this year, does not necessarily mean A Good Price in future years. 

Rate Stability

A large company offers stability.  Because.  The factors that make everything work are there, year after year.  Lots of insureds bring in lots of premium to pay lots of claims and lots of costs.  For stable rates over the years, your best bet is a large company. 

The 800 People

There  are  national  agencies  who  advertise on  TV  and  employ  people  to  get  on  the  phone  and  enroll  folks  into  plans  using long  known  methods  of  high  levels  of persuasion.

800  numbers  have  been  around  for  some  time  now,  so most  of  us  have  been  through  the  hype  and  reality,  the  good  and  not  so  good,  of  telephone  transactions  before .    Most  of  us  well  understand  the  risk  of  dealing  with  someone  on  the  phone.

Thing  is,  if  legitimate,  they  offer  the  exact  same  plans  and  benefits  that  a  local  agent  does.

The  800  folks  need  to  make  you  think  there  is  a  difference,  as  they  have  but  one  chance  to  cajole  you  into  doing  business  with  them.   Even  if  you  don’t  agree,   there’s  a  good  chance likely  be  switched.     A  local  agent  is  not  under  that  time  pressure and,  works  free  of  charge.

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