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7 Points Many Financial Planners Do To Attract Rich Clients / High Networth Individuals (HNW)

 1. Focus on your niche Your profitable niche is a combination of High Demand, High Income and Low competition. Here, if you like the subject called Life Insurance, have deep knowledge so that you are ready with HNW clients' requirements. From understanding which products are better, the right age to evaluating the tax benefits; you need to have a comprehensive plan. Only with such deep knowledge will you be able to keep the prospect engaged and informed, hold their attention and you are able to give better advice. 2. Don't waste their time Always make sure that you have correct agenda. Don't meet clients frequently if you do not discuss new developments. Always share updated valuation; but don't bother them with daily gains/losses. Most wealth managers sometimes resist talking to clients on their portfolio and how the performance can be improved in the long-term. 3. Pin down the right prospects Some products are too specific for certain age-groups. In fact, young earni...
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8 Points To Know About Critical Illness Insurance

 1. Critical illness is often taken out with life insurance Can I get critical illness cover without life insurance? Yes. Although most people buy critical illness cover with life insurance, you can take it out on a standalone basis. 2. Am I eligible for critical illness insurance? Critical illness cover is available to all , starting from 15 days child till age 65. The cover is till age 100. However, the exact terms of the policy – including what it covers and how much you pay for it – will depend on the insurance company as well as your age, health and lifestyle. 3. How has Covid 19 affected critical illness insurance? Covid is not likely to be a listed condition on a critical illness policy. However, if you have had it severely and suffered respiratory failure as a result, a claim may be considered.  You may now be asked if you have had the coronavirus when you apply for a policy, but you would normally still be able to get standard rates once recovered. 4.How long does a c...
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