How to Sell Mortgage Life Insurance
Selling mortgage life insurance can be a lucrative career on its own or a nice addition to a full array of financial products you can offer clients. Mortgage life insurance is designed to either pay off a mortgage if the insured dies prior to the mortgage being paid or pay mortgage payments for a period of time in the event of disability or unemployment. Finding the right policy to meet your client's needs is essential in being successful in selling mortgage life insurance.
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Instructions
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Confirm with your state insurance commissioner that you have the proper insurance license to sell mortgage life insurance. Some states require a special designation or certification for mortgage planning along with the state life agent license. Contact the National Association of Insurance Commissioners at NAIC.org for your state's contact information.
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Decide whether you will be an agent for one line of mortgage life insurance or serve as a broker with competitive insurance companies.
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Obtain the proper company affiliations by either being hired as an agent or obtaining agent designation with the various insurance companies.
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Network with real estate agents, mortgage brokers and escrow agents. Exhibit integrity and professionalism to gain their confidence in your abilities to help their clients.
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Continue to learn about new mortgage life insurance products as the industry is constantly changing. Insurance companies modify products to adjust to modern economic times and adjusting needs of clients.
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