Is selling mortgage protection insurance a good job?
I have been offered a job selling mortgage protection insurance. All sales leads are pre-generated and there is no "cold calling." Of course, like any sales job, the company has assured me that I can earn a six-figure income within the first year; but I don't know what to believe. Anybody know anything about this industry? Is this a waste of time?
Asked By: knology_slave - 7/8/2010
Best Answer - Chosen by Asker
It depends on whether or not mortgage protection is the only thing you're allowed to sell. Mortgage protection is a great door opener. People are not very open to discussing life insurance out of the blue, but a discussion of their mortgage payment disappearing is an effective way to get them thinking... More
Answered By: rcdrury - 7/8/2010
Additional Answers (5)
So what will you be selling? Insurance in case someone dies they home will still be paid off? You could make a nice living on that. Just be careful with the smart people. They know that term life insurance is the better option. /
Answered By: Judy - 7/8/2010
mortgage protection insurance is a product most homeowners do not want. if this job 'offer' came out of the blue (probably after putting a resume up on monster) and requires no real skill or knowledge, i would be suspicious of a 100k+ potential unless you are the king of networking and pitching crummy products. more... More
Answered By: dic - 7/8/2010
That is a horrible product to sell. It is a decreasing death benefit. You should sell a term policy with a level death benefit. I doubt you would make money selling a mortgage protection insurance product.
Answered By: car253 - 7/8/2010
1 in 100,000 people will earn six figures the first year. 95% won't earn enough to cover the cost of their licensing fees. You'd be putting in 60 - 80 hour workweeks, and if you DO no cold calling, you will NOT even earn five figures... More
Answered By: mbrcatz - 7/8/2010
firstly, do you have the paper qualifications to sell insurance products? if you have, then, it depends on the product that you are allowed to sell. like what others had posted, if you are only selling decreasing term, which is specially designed for mortgage protection, then i am doubtful. i don't sell that to my... More
Answered By: Kor - 7/8/2010
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