Have you ever wondered what does it mean to you when you decide to say No to a Financial Planner, who is doing up a financial needs analysis and at the same time recommending some insurance plans to you?
The Role Of A Financial Planner
Basically the role of a Financial Planner is to make you realize or indirectly disturb you emotionally with a Problem (concern about Medical Bills, not enough for Retirement or the means to save enough for your Child’s University Education) through a Financial Needs Analysis Process.
And after doing so, he will recommend a set of solutions to the above problems by means of committing to a certain range of Insurance Product – Endowment, Investment-Linked Plans, Medical Insurance and/or Critical Illness Insurance.
The objective of this post is not to tell you much about what a Financial Planner does for a living and here I will assume that the Financial Planner who may be attending to you is capable of doing what he/she is required to do in Financial Planning.
But rather, I will focus on, if the Financial Planner has actually done well (to make you realize that you have a problem) but in the end you decide to say one of the Few Common Nos’ (known as Objections to us) like:
- I Do Not Need Insurance
- I Have No Extra Money For Insurance
- I Would Like To Wait
So let’s get down to the first No…