KEEPING UP WITH THE AGES

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Just as age creeps up on people, the senior market creeps up on companies. The final expense market follows alongside the baby boomers. This was the largest population growth in history. Between the years of 1942 and 1964, 76 million people were born. Any market that is tapped into this generation is “booming”. The group of people over 65 is increasing by huge numbers each year and accounts for 20% of the total population. The growth rate of those over 65 is running more than three times greater than the total population growth rate. With faster growth of the senior population, expect 3X the opportunities and a higher demand for any product or service that caters to them.

Financial services is anything that involves providing a service to the finance industry. Insurance is an important part of financial services. This market is expected to grow From 22 billion as of 2021 to over 25 billion by year 2025. No industry can say they are recession proof, but financial services and life insurance, in particular, can be seen as recession resistant. As the old saying goes, the only thing certain in life is death and taxes. Now, we can’t buy stock in taxes but we can serve a market with a product that everyone wants, needs, or desires. The demand for life insurance has gone up 25% from 2020 to 2021. The largest year over year increase since the third quarter of 1987! People NEED life insurance and we want to give it to them. When you look at the numbers, and at the rate at which people need our services, it’s a guarantee that becoming an agent is going to take you places. How far? That's up to you! 

We like to brag about our team. We have worked hard to create a culture that is uplifting, honest and encourages hard work. Our motto is to create culture, build confidence and breed success. We have a friendly dynamic of people who feel like family and love building relationships with their clients and communities. It is important that you find a team that is the right fit for you and we hope you'll let us prove we are it! The only thing missing from The Powerhouse Team is YOU.