METHOD OF TRAINING MULTILINE INSURANCE AGENTS

• US 20170364853A1
• Filed: 06/20/2016
• Published: 12/21/2017
• Est. Priority Date: 06/20/2016
• Status: Abandoned Application

• Current Assignee: Risk Advisor Institute, LLC
• Original Assignee: Risk Advisor Institute, LLC
• Inventors: Whitley, William Cannon
• Application Number:
  US15/187,181
• Publication Number:
  US 20170364853A1
• Time in Patent Office: Days
• CPC Class Codes: G06Q 10/06398 Performance of employee with respect to a job function
• CPC Class Codes: G09B 19/00 Teaching not covered by other main groups of this subclass teaching or practice apparatus for gun-aiming or gun-laying F41G3/26
• CPC Class Codes: G09B 19/18 Book-keeping or economics
• CPC Class Codes: G09B 29/00 Maps; Plans; Charts; Diagrams, e.g. route diagram star maps G09B27/04; devices for holding or supporting maps A47B97/02; for computing purposes G06G1/14, G09B1/16; display boards G09F
• CPC Class Codes: G09B 5/02 with visual presentation of the material to be studied, e.g. using film strip

Abstract

A method includes training multiline insurance agents on having a conversation with the insured for discovering the insured'"'"'s financial situation and risks by creating a visual diagram of the insured'"'"'s financial situation and risks. The diagram includes the insured'"'"'s name at the center of the visual diagram including an income box of the insured'"'"'s household income. A family box is drawn from the income box with a family tree of the insured'"'"'s family thereunder. An assets box is drawn from the income box with an asset listing of the insured'"'"'s listing thereunder. A listing of risks is drawn at the bottom of the visual diagram. A box is drawn around the insured'"'"'s name, the income box, the family box with the family tree, and the assets box with the asset listing, where the bottom of the box provides a boundary between the listing of risks and the family box and assets box.

Claims

1. A method of training a multiline insurance agent comprising:

training multiline insurance agents on having a conversation with an insured for discovering a financial situation and risks of the insured by creating a visual diagram of the financial situation and risks of the insured based on the conversation with the insured, said visual diagram comprising;

a name of the insured at a center of the visual diagram including an income box of a household income of the insured;

a family box branched off from the income box with a family tree of a family of the insured thereunder;

an assets box branched off from the income box with an assets row of assets of the insured listed therein;

wherein the family box and assets box being branched off from the income box in different directions to show the two different areas that the insured uses income for supporting family and purchasing assets;

a risks row at the bottom of the diagram with risks of the insured listed therein; and

a box drawn around the name, the income box, the family box with the family tree, and the assets box with the assets row, where the box provides a boundary between the risks row and the family box and the assets row.

2. The method of training a multiline insurance agent of claim 1, wherein the visual diagram of the financial situation and risks of the insured is created based on an in-person conversation between the multiline insurance agent and the insured.

3. The method of training multiline insurance agents of claim 1 further including training the multiline insurance agent to repeat what they have heard the insured say periodically throughout the discovery conversation, or at least after creating the income box, family box with family tree, and assets box with the assets listing, for letting the insured know they were listening and for assuring the accuracy of the discovered financial situation and risks of the insured.

4. The method of training multiline insurance agents of claim 1 further comprising, when drawing the box with the boundary between the listing of risks and the family box and assets box, training the multiline insurance agent to discuss their role in being a risk manager by creating a wall between their discovered financial situation and risks and the risks row.

5. The method of training multiline insurance agents of claim 1 further including training the multiline insurance agent to discuss with the insured each of the risks in the listing of risks and discover coverages for each of the risks of the insured and a prioritization of the listing of risks from the insured.

6. The method of training multiline insurance agents of claim 5 further comprising training the multiline insurance agent to recommend insurance coverage based on the discovered financial situation and risks and the prioritization of the listing of risks from the insured.

7. The method of training multiline insurance agents of claim 1, wherein the risks of the insured listed in the risks row include:

health;

disability;

life;

longevity;

home;

auto;

liability;

or

combinations thereof.

8. The method of training multiline insurance agents of claim 7, wherein the listing of risks consists of:

health;

disability;

life;

longevity;

home;

auto; and

liability.

9. The method of training multiline insurance agents of claim 1, wherein the family tree includes:

the insured;

a spouse;

children;

parents;

spouse'"'"'s parents;

or

combinations thereof.

10. The method of training multiline insurance agents of claim 9, wherein the family tree consists of:

the insured;

the spouse;

children;

parents; and

spouse'"'"'s parents.

11. The method of training multiline insurance agents of claim 1, wherein the assets of the insured listed in the assets row include:

a car or cars including type and value;

a home or homes including value;

investments including type and value;

or

combinations thereof.

12. The method of training multiline insurance agents of claim 11, wherein the asset listing consists of:

the car or cars including type and value;

the home or homes including value; and

investments including type and value.

13. The method of training multiline insurance agents of claim 1, wherein the visual diagram is created on paper, markerboard, an electronic slideshow presentation, or combinations thereof.

14. The method of training multiline insurance agents of claim 13 further including saving a copy of the visual diagram in a file of the insured, and providing a copy of the visual diagram to the insured.

15. The method of training multiline insurance agents of claim 1 further comprising assessing the performance of the multiline insurance agent in discovering the financial situation and risks of the insured.

16. The method of training multiline insurance agents of claim 15, wherein the step of assessing the performance of the multiline insurance agent including assessing performance in the areas of:

the multiline insurance agent positioned himself/herself as a risk advisor and properly transitioned into discovering the financial situation and risks of the insured;

the multiline insurance agent asked about an occupation and income of the insured and showed genuine interest in the insured;

the multiline insurance agent understands the family and the assets of the insured;

the multiline insurance agent summarized the income, the family, and the assets of the insured, and asked if the multiline insurance agent missed anything;

the multiline insurance agent transitioned into the list of risks;

the multiline insurance agent discussed each risk area and documented the coverages of the insured in each risk area;

the multiline insurance agent drew the wall of protection and asked the insured to prioritize the listing of risks;

the multiline insurance agent asked the insured for introductions;

the conversation was natural;

or

combinations thereof.

17. A method of training a multiline insurance agent comprising:

training multiline insurance agents on having a conversation with the insured for discovering the financial situation and risks of the insured by creating a visual diagram of the financial situation and risks of the insured based on the conversation with the insured; and

assessing the performance of the multiline insurance agent in discovering the financial situation and risks of the insured including assessing performance in the areas of;

the multiline insurance agent positioned himself/herself as a risk advisor and properly transitioned into discovering the financial situation and risks of the insured;

the multiline insurance agent asked about the occupation and the income of the insured, and showed genuine interest in the insured;

the multiline insurance agent understands the family and the assets of the insured;

the multiline insurance agent summarized the income, the family, and the assets of the insured, and asked if the multiline insurance agent missed anything;

the multiline insurance agent transitioned into the list of risks;

the multiline insurance agent discussed each risk area and documented the coverages of the insured in each risk area;

the multiline insurance agent drew the wall of protection and asked the insured to prioritize the listing of risks;

the multiline insurance agent asked the insured for introductions;

the conversation was natural;

ideas for improvement;

or

combinations thereof.

18. The method of training multiline insurance agents of claim 17, wherein the step of assessing the performance of the multiline insurance agent including using a questionnaire with a five-point scale for assessing performance in the areas of:

the multiline insurance agent positioned himself/herself as a risk advisor and properly transitioned into discovering the financial situation and risks of the insured;

the multiline insurance agent asked about the occupation and the income of the insured, and showed genuine interest in the insured;

the multiline insurance agent understands the family and the assets of the insured;

the multiline insurance agent summarized the income, the family, and the assets of the insured, and asked if the multiline insurance agent missed anything;

the multiline insurance agent transitioned into the list of risks;

the multiline insurance agent discussed each risk area and documented the coverages of the insured in each risk area;

the multiline insurance agent drew the wall of protection and asked the insured to prioritize the listing of risks;

the multiline insurance agent asked the insured for introductions; and

the conversation was natural.

19. The method of training multiline insurance agents of claim 17, wherein said visual diagram comprising:

the name of the insured at the center of the visual diagram including an income box of a household income of the insured;

a family box branched off from the income box with a family tree of a family of the insured thereunder;

an assets box branched off from the income box with an asset listing of assets of the insured listed thereunder;

wherein the family box and assets box being branched off from the income box in different directions to show the two different areas that the insured uses income for supporting family and purchasing assets;

a listing of risks at the bottom of the diagram; and

a box drawn around the name, the income box, the family box with the family tree, and the assets box with the asset listing, where the box provides a boundary between the listing of risks and the family box and the assets box;

wherein the visual diagram of the financial situation and risks of the insured is created based on an in-person conversation between the multiline insurance agent and the insured.

20. A method of training a multiline insurance agent comprising:

training multiline insurance agents on having a conversation with an insured for discovering a financial situation and risks of the insured by creating a visual diagram of the financial situation and risks of the insured based on the conversation with the insured;

wherein the visual diagram of the financial situation and risks of the insured is created based on an in-person conversation between the multiline insurance agent and the insured;

said visual diagram comprising;

a name of the insured at the center of the visual diagram including an income box of a household income of the insured;

a family box branched off from the income box with a family tree of a family of the insured thereunder, wherein the family tree consists of;

the insured;

a spouse;

children;

parents; and

spouse'"'"'s parents;

an assets box branched off from the income box with an asset listing of assets of the insured listed thereunder wherein the asset listing consists of;

a car;

a home; and

investments;

wherein the family box and assets box being branched off from the income box in different directions to show the two different areas that the insured uses income for supporting family and purchasing assets;

a listing of risks at the bottom of the diagram, wherein the listing of risks consists of;

health;

disability;

life;

longevity;

home;

auto; and

liability; and

a box drawn around the name of the insured, the income box, the family box with the family tree, and the assets box with the asset listing, where the box provides a boundary between the listing of risks and the family box and the assets box;

wherein the visual diagram is created on paper, markerboard, an electronic slideshow presentation, or combinations thereof;

saving a copy of the visual diagram in a file of the insured, and providing a copy of the visual diagram to the insured;

training the multiline insurance agent to repeat what they have heard the insured say periodically throughout the discovery conversation, or at least after creating the income box, family box with family tree, and assets box with the assets listing, for letting the insured know they were listening and for assuring the accuracy of the discovered financial situation and risks of the insured;

when drawing the box with the boundary between the listing of risks and the family box and assets box, training the multiline insurance agent to discuss their role in being a risk manager by creating a wall between their discovered financial situation and risks and the listing of risks;

training the multiline insurance agent to discuss with the insured each of the risks in the listing of risks and discover coverages of the insured for each of the risks and a prioritization of the listing of risks from the insured;

training the multiline insurance agent to recommend insurance coverage based on the discovered financial situation and risks and the prioritization of the listing of risks from the insured; and

assessing the performance of the multiline insurance agent in discovering the financial situation and risks of the insured including assessing performance using a questionnaire with a five-point scale for assessing performance in the areas of;

the multiline insurance agent positioned himself/herself as a risk advisor and properly transitioned into discovering the financial situation and risks of the insured;

the multiline insurance agent asked about an occupation of the insured and income of the insured, and showed genuine interest in the insured;

the multiline insurance agent understands the family and assets of the insured;

the multiline insurance agent summarized the income, the family, and assets of the insured, and asked if the multiline insurance agent missed anything;

the multiline insurance agent transitioned into the list of risks;

the multiline insurance agent discussed each risk area and documented the coverages of the insured in each risk area;

the multiline insurance agent drew the wall of protection and asked the insured to prioritize the listing of risks;

the multiline insurance agent asked the insured for introductions; and

the conversation was natural.