Financial Planning Software Selling Tips

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.

Here are several sales tips that can help you when using financial planning software programs.

 Point of sale - financial planning software selling tips 

Each agent will eventually find their success formula through trial and error. Even though these computerized financial needs analysis can be done right in front of the client, I would never try to use it to make a sale in that initial first interview.

Financial planning software for insurance agents creates a major competitive selling advantage over your competition.Financial planning Computer software programs locked in my clients and increased my persistency and provided me a big edge over the competition.

I would always gather up and enter as much information as possible from the prospects, and based on the answers they provided me in their confidential questionnaire.  I would then take that information back to my office and do a complete workup. 

One of the best features that I liked (in the financial needs analysis program I used) was the  colored graphical data I was able to print, which would show a year by year cumulative snap shot of all the years.

Many times, when I would make my presentation and show the client and spouse their colored pictorial outline of what their financial picture looked like.  

I would say "Mr/Mrs prospect, these green and red areas represent your income picture during the years you will be raising your children, as well as the blackout period when social security stops till the spouses age 62.  It is based on the current amount of money you have saved as well as any life insurance proceeds. The green parts show how long your money will last and the red parts represent your income shortage."  

There were many times when I was showing the printed presentation, and explaining  the red and green parts of the cash flow chart that the lady of the house would say,” I want you to turn  all those red areas to green for me.”

Remember women are very security conscious.

After getting all the accurate data, I was able to help them turn that red to green. 

As always, you need to give people a choice when closing on them. I always tried to have two presentations with me. Plan A and Plan B.  Depending on how the interview shaped up, I would start out with (plan A) the one that provide some equity, cash accumulation and if that was not going to fit their budget, drop back to (plan B) a smaller annual premium.

In doing so, I locked my client into me for lifetime.  A good financial needs analysis program will  provide accurate data and information for you and the client. It also keeps the competition out of the house, because the clients knows exactly where they are in relation to their financial life and that their life insurance portfolio is up to date. Financial planning software

Interaction, the fun part.

There were many times, after I completed the sale, I would let the prospect start plugging in numbers like interest rate and inflation changes so they could see the instant changes. It created an interactive situation and they looked foward to doing the same in our next interview.

Based on what a family could afford, I would always try to complete the money needs and if I had to use 100% term insurance, I would do so. Once you make them your client, you can convert policies later on with whole life/Universal life, etc.  


My number one goal was to make their financial program, in the event of an early death, all green. This always locked out the competition, as the prospect would tell any agent calling that they are covered for everything. (Mortgage, Final Expenses, Education fund, Income Replacement, etc.)

How to maximize the sale?

I use to work on a two interview basis. 

  1. The fact Finder session 
  2. The sales closing presentation

I would never try to use the software program to make a sale in that first interview. As I mentioned, I would always gather up and enter as much information as possible from the prospects, and based on the answers they provided me in their confidential questionnaire.  

And then, I would then take that information back to my office and do a complete workup. I would then print it all out and prepare their personal presentation back at my office and put it in a booklet form, to be presented in a formal and professional manner to them.

Financial Planning Software Selling Tip

Yes, this does take more time and work than a single purpose one interview type sale. However, the average size premium was larger and it made you their Life insurance agent and not just another insurance agent.

My best lead in question i used to  set up an appointment with a new prospect was to ask the prospect:

“ Mr.  prospect, has anyone actually ever sat down with you and done a complete financial analysis of your entire financial life. As an example, have they actually tied in your social security benefits to your financial plan or shared with how to use blocks of money to retire early?  If not, then maybe we should get together.  Mr. prospect, usually my first interview with anyone is to mutually decide if we have anything in common that would warrant a second interview.  Are daytime or  evening appointments best for you. (Always a choice)

Selling became easier

Computer software programs made my life easier and locked in my clients and increased my persistency. Over time, I would add to their retirement, education fund, etc.

The degree of success you will enjoy is based on how well you can relate to  people and make them understand and realize what their financial life is all about.  

I hope these Financial Planning Software Selling Tips will help you when you start using one of the financial plannning software programs.

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.