3 steps to proactively manage orphan policies
Don't let clients slip through the cracks
More than 40 percent of all life insurance policies are considered orphans with no active agent servicing the policyholder. And the problem is only getting worse. LIMRA
estimates that 25 percent of all life agents will retire in the next five years. That equates to one policy for every man, woman and child currently living in California, New York, Texas and Massachusetts COMBINED.
Imagine the daunting task in trying to contact and service that many policyholders. Where do you start? How do you attack the problem?