Closing Insurance Sales 
Qualify Your Prospect Upfront

Every article on this website is like a mini-training school. use the nav bars on either side of this page to locate your area of interest or subject you need help with.

This fact finding Confidential Questionnaire concept will increase your closing ratio dramatically.


The Confidential Questionnaire.  

Out of all the topics written in this website, this topic page, in my opinion, is the most important article you need to read and comprehend.

It explains how to use a dynamic pre-interview questionnaire I developed with my agents and refined throughout my selling years.

But before I do that, let me set the stage.

The objective of this Confidential Questionnaire is to ask key questions before you get into your presentation and to listen to the prospect. 

It helps to define you and your prospects intentions. I never expected a new agent to have this mastered in their first 10 or 12 interviews. It is something you will learn to master with practice and more practice.

Click this link to view a PDF file of the complete  actual form   

If you want to build your own Confidential Questionnaire, you can add or subtract any information you feel necessary.       

The sale is made or lost upfront

This fact finding session is where your sale is made or lost and is pertinent to the end result. Believe it or not, I actually closed on the sale using this questionnaire, even before I went through my presentation, by getting a money commitment from the prospect. Let me explain.

As I outlined in the sales process article,  “People buy what they want and not what they need.” You need to Find out what they want and develop your sales presentation around that theme. So how do we do that?

You Learn to sell people on concepts and ideas  not products or insurance policies. What is it, that this Insurance policy that your trying to sell is going to do for Mr. Prospect and his family? 

Here is an example: The Automobile Industry sells its cars and trucks around concept selling. (Eg: “This car will make you feel better. It makes you enjoy life more, and so on” verses it has a 500 hp engine and six spark plugs and a backup battery.) not the product.

So are you selling life insurance or are you selling money. I guarantee you will close a lot more sales if you use the concept of selling money vs selling insurance. Think about it.

Fact: Most life insurance sales are lost because of the lack of closing skills, not because of the company or the product as well as not understanding how the sales cycle actually works.

Asking the key questions upfront

Many companies provide a fact finding worksheet with all kind of personal data that you ask the prospect for, which is important. However they do not ask, what I consider the key questions that will help you actually make the sale and remove many of the objections at closing.

By refining this fact finding questionnaire and asking questions upfront, I found out that I could minimize objections at closing and eliminate a number of other objections during the interview process.

As an example, early on in my career, I would run into the following objection at closing, "Well I have to talk to my Father, my Mom, my Accountant, whoever?"  This was a way for the prospect to delay a decision.  

So to eliminate that objection at closing I decided to include that question up front in my questionnaire. If they did have to visit with someone then I would say, when can we schedule an appointment with your Dad, Mom, CPA or whoever?

Objective Of This Confidential Questionaire

This is where you interrogate your prospect, as I call it. It is where you start to set the stage. It is how you set the theme for your interview. As I have mentioned in some other topic pages, this is the area where most new agents fall flat on their face.

You need to run the interview in an effective manner. You need to Learn to listen and ask the right questions. Most agents talk to much. They think they need to do all the talking to impress the prospect. One of the key ingredients in relationship building is let the other person start talking about themselves. Think about it for a second. Aren't you impressed with people who let you talk about yourself? 

Sales Tip: It is so important to ask the right questions and then shut up and listen. If you can get people to start talking about themselves and what they want and what their concerns are, it will help you set the theme for your presentation. When I say theme, this is the prospects hot button that you can then refer to through out the interview.

People do not like to be sold anything, they like to buy things.

 As an example, let’s say you find out what their hot button is. Let’s say it is to make sure that his son or daughter gets a good education, or he wants to retire at 57, or he wants his wife to stay home and take of the kids while they are growing up.

With that mind you can then continue to refer to that theme (or hot button) through out that interview. “Mr. Prospect, can you see how this program will allow you to achieve what you want, and that is to make sure your wife will be able to stay at home and be a mom while the kids are growing up in the event of your premature death.”

If you do not establish that theme, then when you get to the close, you will be trying to sell the prospect on what you think he/she needs verses selling them what they want.

You will then spend a lot of wasted time during the close throwing out all kind of different reasons in hopes that they will buy your product. In most cases you will walk out of the house without a sale. Why? Because you did not listen to what the prospect wanted and did not ask the right questions. Learn to listen.

If you can not get the prospect to agree to some type of dollar amount, for what ever reason, then there is no reason to even start the interview process.

If a prospect told me they are not in a position to set any money aside for their financial future or family protection, I start to close my computer up or sales book and say “Mr. Prospect, since you are not in a position to do anything now, when would be a good time to get back to you?

Don't waste your time if the prospect disqualifies themselves.

However, before I left I would still ask for referred leads, as this person will feel obligated and will give you plenty of leads

Learn and Earn

Monthly Newsletter Free
Please add me to your
e-mail list so I can receive all new updates on selling and recruiting. See all back issues
Insurance Forum
Ask questions
Get answers

How can we help you?

Total Hits On Our Website

Follow Us 

Our most popular Self Help e-books
Exclusive to our readers
Agency Builders
Looking for proven and tested recruiting concepts. View our Agency Building Manual.
Prospecting problems. Get your Prospect or Die E-Book today
Problems with closing a sale. Get your Mastering the Art of Closing a Sale E-Book today
How to use Opportunity Meetings to Maximize your Recruiting.
Introduction to Agency Building. An e-book for entry level managers
More free resources and helpful selling tools
Free Selling and Recruiting Ideas located in our Video Library .
Six Free Recruiting Tips. Click here
Selling requires strict discipline. Click here for five (5) free behavior management coaching videos from Bob Davies.

For a special message put your mouse over this closing pyramid

The closing pyramid concept. Learn how to qualify your prospect and make closing an insurance sale easier by using this format.. Click this picture to go to the closing pyramid mini-training article.