Growth Predicted for Life Insurance Market

Recent data reveals only 46% of consumers have individual life insurance, and that more than 3/4 of consumers age 25-64 say they would benefit from more close guidance from financial services professionals in adding that important voluntary benefit.

  • According to LIMRA, half of consumers prefer to buy life insurance face-to-face through a financial professional.
  • Consumers want an adviser who will educate, listen and gain trust.
  • Research shows employees under age 45 prefer to purchase online.
  • 60% of those surveyed say they own group life insurance, but coverage is less than individual policies and is only in place while the person is employed.
  • A quarter of consumers studied say they have no life insurance at all.
  • LIMRA reports 4 in 10 life insurance shoppers are prompted to start shopping for life insurance due to life events  such as: marriage,  divorce, having or adopting a child, buying a home, or experiencing the death of a relative or close friend.

“Life insurance is the one product that can help families keep a roof over their heads, provide for basic living expenses and allow time to recover and heal from the loss of a loved one,” says Robert Kerzner, president and CEO of LIMRA. “LIMRA’s research shows that people do not fully understand the risks they take by not having adequate life insurance coverage.”

Read the full article by Nick Otto here.

Please keep in mind that ClaimLinx can write life insurance policies as well as individual, surgery, accident and dental policies. Contact us for more information.

Benefits of Supplemental Critical Illness Insurance

Tom Quigley, Vice President/National Business Consultant, provides consulting services, and is in charge of recruitment and new business for ClaimLinx.

Tom is discussing how ClaimLinx is incorporating supplemental insurance into their product line.  Our focus today is on supplemental critical illness/hospital indemnity policies. What do these policies cover, and how much do they cost?

Supplemental critical illness/hospital indemnity policies pay you a lump sum that you can use to cover things such as lost wages or experimental treatment.  You can buy supplemental critical illness/hospital indemnity policies even if your doctors aren’t in the network, and you can visit any licensed doctor.  Depending on the product, the employer may allow an employee to run it through payroll and buy it with pre-tax dollars.

To find out more about supplemental coverage from ClaimLinx, please contact us at sales@claimlinx.com.

ClaimLinx is positioning its clients to move in the right direction. We can structure benefits in your favor to ensure you are in full compliance with the law without cutting benefits or employees. Please contact us at at sales@claimlinx.com or(800) 858-1772 X 25 with your questions.  Our book, “How to Beat Obamacare” is available for purchase on amazon.com.

Benefits of Supplemental Accident Insurance

Tom Quigley, Vice President/National Business Consultant, provides consulting services, and is in charge of recruitment and new business for ClaimLinx.

Tom is discussing how ClaimLinx is incorporating supplemental insurance into their product line.  Our focus today is on supplemental accident policies. Who are they best suited for, what do these policies cover, and how much do they cost?

Supplemental accident policies are geared towards families with active adults and children.  If you and/or your children play sports, there is an increased likelihood for injury that may include hospitalization and rehabilitation.  Accident policies cover some or all of the cost for medical bills and lost wages depending on the severity of the incident. Policies cover what health insurance does not, and with the Affordable Care Act, more and more employers are increasing deductibles and passing on more costs to employees.  Premiums are affordable, and can be purchased for as low as $10/month. To find out more about supplemental coverage from ClaimLinx, please contact us at sales@claimlinx.com.

ClaimLinx is positioning its clients to move in the right direction. We can structure benefits in your favor to ensure you are in full compliance with the law without cutting benefits or employees. Please contact us at at sales@claimlinx.com or(800) 858-1772 X 25 with your questions. Our new book, “How to Beat Obamacare” is now available on amazon.com.

ClaimLinx Now Offers Supplemental Insurance Policies

Tom Quigley, Vice President/National Business Consultant, provides consulting services, and is in charge of recruitment and new business for ClaimLinx.

Today Tom is discussing how ClaimLinx is incorporating supplemental insurance into their product line. The addition of supplemental policies for disability, cancer, accidents, surgery, critical illness/hospital indemnity, to name a few, broadens our scope and provides tax breaks for employers and employees. Monthly premiums are affordable and provide peach of mind should you incur a catastrophic injury or illness. Policies cover what health insurance does not, and with the Affordable Care Act, more and more employers are increasing deductibles and passing on more costs to employees. To find out more about supplemental coverage from ClaimLinx, please contact us at sales@claimlinx.com.

ClaimLinx is positioning its clients to move in the right direction.

We We can structure benefits in your favor to ensure you are in full compliance with the law without cutting benefits or employees. Please contact us at at sales@claimlinx.com or(800) 858-1772 X 25 with your questions. Our new book, “How to Beat Obamacare” is now available on amazon.com.