Can Insurance agents Really Thrive In A Down Economy?

I feel this is the right time for retrospect and to think of future. I feel that the downfall of economy has happened now and it can always happen again. So, to save oneself from the hardships faced now, one can think of the future and start generating corpus from now on for ones future. One can make a begining or invest in ULIPs which ofcourse is on the downward course right now and a best time for investment. One has to think of the future of his and family's and make adjustments and start in a small way and improve upon it in future when the conditions improve.

Rajani, yes you are right, the other main problem is that client listens to the media & start believing that recession is impacting their lives and act accordingly. This is basic herd mentality that is a strong governing psychological trigger. It is better if insurance agents show them the right direction during this period......

John, every Insurance segment will work. Just don't think that the recession is reducing your clients spending power. This is dangerous for several reasons, but the glaring reason this thinking is a mistake is you will not offer coverages and protection according to the clients real needs because you may think they can not afford it. Go for it, I am sure you will able to crack it....