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Originally posted by Robml

I've learned to leverage the information I obtain on a 1003 to channel business towards life insurance and financial planning.

Think about it, we gather as much information on our application that a CFP does. The only difference is that they are asking the questions for different reasons. Basically, we can get in 30 minutes what they take weeks, months, or years to obtain. I've learned to use my license as a way to pass the client to the planner. I basically do "joint work" with them. So I get 50% of the split on the life insurance side. It works out well, since the planner does the back end work. I just gather the information and pass it to them, as long as the client is OK with it.

I've been gearing my practice toward this for a couple of years, though it's really making life easy right now in this market.

I'd really like to hear what others are doing regarding this.

Thanks in advance.

Rob

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Originally posted by Cornelius

Something else to think about is considering your clients are purchasing or refinancing a home ater all the deals are done they should consider updating their Estate Plan and consider the possibility
of Identity Theft. As we know when personal information is given out it can go through many channels. How much of the process may be out sourced to whomever?

So consider offering a Prepaid Legal Plan along with Identity Theft Shield. www.prepaidlegal.com/hub/ckey

ID Theft is a major concern:
http://www.privacyrights.org/ar/ChronDataBreaches.htm

Videos: http://fortunevideos.com/sitemap.aspx



Cornelius N. Key
Independent Associate
(510) 292-8956
www.prepaidlegal.com/hub/ckey

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Originally posted by JasonAaron1

Is it legal to do home insurance and the loan on the same transaction?

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Originally posted by Cornelius

Yes I do market with HBW, but I do have the freedom to have other
business ventures if I so choose. HBW and Prepaid Legal are two seperate individual businesses.

HBW gives me access to Financial Products. Be it Insurance, Investments or Mortgages. PPL gives me the access to their Legal Plans.
Each business can be sold at a later date if I so choose. That's the important part about team building and ownership.

Many people signup with oprganizations and don't even look at their contracts. It's great to offer clients different products, but theirs also the business side. There's a reason companies include noncompetes and spell out who owns what or whom. They are protecting themselves. I can understand that way of thinking. As a business builder I should be thinking the same way.

As for Prepaid Legal if a person builds a good size team at death that business can just pass on to the spouse or whomever. Then to top it off the plans pay residuals. The plans can be offered to individuals, as a group plan for business employees, individual business plans for the business, and some specialty plans. Ex: Real Estate agents, Teachers, CDL drivers..

I look at tit this way. With HBW I can have the ability to go to a company and offer them Financial Products, and then also offer Legal programs from Prepaid Legal.. They are two seperate individual businesses that can feed each other. I can individually produce and when there's a need for help, that's when I bring in the team i'm build.

It's not about MLM, it's about building a business machine. Hey this is just my way of thinking. Here's another plus. As we know some people may get turned off because of licensing requirements for Financial Services. Well with some marketing organizations there's nothing for those people.

Well in most states Prepaid Legal has no licensing requirements, and there's currently no licensing requirement to offer the Legal Shield in any state. HBW/Victory Mortgage has no licensing requirement nationwide. We have a lead referral program, which is a great program for others to use as a add on.

HBW/Victory Mortgage Program: http://www.hbwvictory.com/HBW-Realtor-Business-Building-Webinar.php

Cornelius N. Key
(510) 292-8956
neilpfs@yahoo.com

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