Insurance Company Ranking Philippines – When I started a consultant, immediately after the faculty, as an insurance agent / financial advisor, it was not yet a popular career. Only a few counselors could find. More than ten years later, sudden movement took place. Young financial advisors join. Most insurance companies are trying to attract the best talents to be one of their financial advisers. With all your online employment ads, you can think of which insurance company is best for you. Really hard to say what is the best. In fact, my company’s choice could be different. However, we have created a simple guide on how to choose the best insurance company and the best team for you.
One of the desired reasons to be a consultant is unlimited income. When you decide which company to join, ask yourself if they pay their consultants they do for every sale. I like the most in the company where I now have a refund for a trace.
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So how does it work? I have been working as a financial consultant for more than 10 years, and I appreciate that the total cost of the investment fund and my customers can reach about one billion pesos. Manulife Trace Comment is approximately 0.30% of the total untreated investment value of your active customers. This means that even if I do not sell insurance or investment, I could have about 3 million pesos per year.
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Unfortunately, I didn’t start my career in Manoul. I just thought about how well it was later in my career. I don’t get a annual passive P3M income (Sayang should start with manuly). But for you who start your career as a financial adviser, consider the company’s long-term compensation for which you will work. Find a company that gives you a good passive income. You don’t want to sell eternal insurance and invest. This will help if we have received passive income from their sales.
Another compensation for looking for a given bonus. For example, such companies like Manulife give bonus 55% of the quarterly income of the Financial Consultant. For example, if the fee is 40%, the 55% bonus would mean an additional 22% (40% X 55%), which is the highest 62% payment. This is just the first annual committee, every time your customers continue to pay insurance, you will also have commissions.
For those who want to become insurance managers, consider a company that rewards their leaders. It is necessary to find companies where the leaders are properly reimbursed for their financial consultants’ work and training. In a short time, some companies can easily restrain their consultants from their leaders, which is not good for those who want to have a good income to become the head of their financial advisers.
At this age, you have to work for a company that is known not only in the Philippines, but abroad. Imagine if you sell. If you are selling for a company that is known in the country where they work, you will have a greater opportunity to complete the sale when they come to the Philippines.
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I also suggest that you choose a great life insurance company, because it’s easier to sell the public if it’s big business.
For 14 years, some customers wanted short-term investments. For example, some customers approached me because they wanted to save them for their home for their payment to start a new business. Unfortunately, I had to reject those customers, because before we worked before working with Manulife, we had invested in life insurance only in the previous company. There was no pure investment product.
If we can only offer insurance products, they cannot call us complete financial advisers, as in reality some customers do not need life insurance. Some just need pure investment products. Even saying that the products we offer have a very minimum life insurance, the fact that there is some insurance, it would mean less returns than pure investment products.
Investments can have small income, as the investment has a high funding management. Imagine that the investment is charged a annual fee for 2nd financial management, compared to 1.75%, it will become a significant difference in return.
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If you look at the above data if you present your P100, 000, P211, 927.7%, compared to F228, compared to 1,25% of the fund’s management. This is the difference in P16, 789.07, which customer could save if the customer was introduced in the fund with a lower value of funding.
Another thing is to be taken into account for the Foundation Management Payments. Some companies say they only have 1.5% of the Foundation Management Payments, but there are stripes. For example, the investment or insurance company is not the main manager of the foundation and has to do with other companies. Therefore, it is important that you always ask yourself before investing. “Who is the main manager of this investment?” It is possible that such a company is not the Chief Manager of the Foundation and the only external implementation of the foundation from another company and the director of the foundation also charges the fund management fee. Several layers of government management payments will reduce the return of investments.
Sometimes some customers need insurance or investment, but they only have P1000. Recently, the cost of living has increased, but sometimes budgets are strong. When searching for a company, which will become a financial consultant, the prices of the product will be taken into account. Does it take care of people who need to be deeply needed, but they are limited in the budget?
Another attention may be the number of investments that customers can access your financial consultant through you. Find a business that allows your customer to buy investments not only in the Philippines. Their investments can also fail if the Philippines’ economy or political situation does not work well. Consider the companies that allow investments in America, Asia, Europe, China, Hong Kong, or specific companies, health companies. The new trend is also a stable investment when investors prefer to invest in companies that produce the minimum carbon or care about the environment.
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When choosing a company for the Financial Advisor, consider the maximum age that can be secured. For example, some insurance companies only include 70 years to cover critical diseases. Some companies offer up to 100 years for health coverage.
The first two subjects are discussing which insurance company you can be. The next two will affect, given which team belongs to.
Why is the team’s choice important as the selection of an insurance company? Because the team that is part of your actions and decisions affects the majority. While playing basketball, the team has a big impact on individual activities. This is the same for insurance. Most of the time, your associate people are affected by your behavior, decisions and activities.
The vision is the direction in which the team wants to go. If you have been acquired, you need to connect with the group to the vision of their future. The team without a vision is like lost sheep without direction.
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On the other hand, the mission is. You have to be a team that works for a common purpose. Find a team that intends to serve people and make a better place.
Finally, the values are fundamental during the team’s choice that works best for you. All teams have common values and beliefs. Opposite values between team members can lead to your team to get off. The worst thing is that the value-free team can cause unhealthy competition. The division of ideas will not be, because people are only successful. Therefore, the team in which you are part of, must have basic values to respond to your personality. Nothing beats with the principles and values of a team.
Achiever, enthusiastic, reliable, exceptional and smart are the main values we are very right in our team. It serves as our manual to make critical decisions.
These simple guidelines can help you choose which insurance or team best for you. If you want to try to become a financial consultant, the first step is to accept the following quiz about the Financial Advisor.
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Mark Fernandez, the CPA, the AFA, CWP, CEP, have started as an insurance agent / Financial Advisor after graduating as Auditor SGV & CO (ERNST & Young). He worked for six months to work as a partial financial advisor. Although they do not have a background of insurance
