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Inspiring Conversations with David Price of The Price Group

Today we’d like to introduce you to David Price. They and their team shared their story with us below:

David Price

David Price is the CEO and Founder of The Price Group – one of the fastest-growing agencies in the insurance industry. He entered the industry in 2018 with a strong focus on Final Expense Life Insurance. David became the fastest millionaire in the industry, depositing over a million dollars in his bank account within 36 months of getting his insurance license and making over 1 million a year in his 4th full year as a licensed agent. He has created a simple and effective system that has enabled many people to achieve multi-six-figure incomes from the comfort of their own homes. David firmly believes that anyone, regardless of their profession or skill level, can obtain a license and create a 6-figure income with hard work. As the owner of the fastest-growing agency in the industry with Senior Life Insurance Company, David has personally mentored some of the most accomplished sales agents in the country. His unwavering commitment to helping others achieve success has earned him a reputation as a leader in the insurance industry.

Alright, so let’s dig a little deeper into the story – has it been an easy path overall and if not, what were the challenges you’ve had to overcome?
Building one of the country’s fastest-growing insurance agencies has been an exciting journey, though not without its challenges. We had to establish trust in a competitive industry, invest in technology, and adapt to changing customer expectations. Scaling while preserving personalized service and navigating external factors were hurdles we faced.

Our success is attributed to our determination, innovation, and dedicated team. Despite the challenges, we’ve grown steadily and remain excited about the future as the CEO/Founder of our thriving insurance agency.

Thanks for sharing that. So, maybe next you can tell us a bit more about your business?
Company. Final Expense Insurance is one of the fastest-growing industries in America. With over 10,000 baby boomers becoming eligible for retirement every day, the market of this business is continuously growing and sustainable. It is sustainable in the sense that this kind of business is recession-proof, which means that it is not vulnerable to other risks and factors, such as the pandemic. The Price Group together with its partner, Senior Life Insurance Company is also one of the fastest-growing insurance companies in the industry. It offers high-quality services to the senior market that no other insurance company will:
Rapid payouts
Extraordinary customer care
Personalized plans
Unrivaled service

2. Value and the clients. Final Expense Insurance is a service/product that creates value to its clients. It is a type of life insurance that serves a specific purpose. It is designed to cover funeral costs and pay medical bills for individuals of any age at the time of their passing. Moreover, clients of TPG have also the opportunity to be a member of Legacy Assurance, which is a funeral advocacy organization that protects clients against inflation. Clients can get caskets, headstones and vaults under $3000. The advocates of Legacy Assurance also work on behalf of the clients to help families to negotiate funeral services to make sure they are not taken advantage of. The following are other values that clients can get from getting final expense insurance from TPG:
$30,000 to help cover for funeral expenses and medical expenses
Claims are paid within 24 hours
Premiums will never increase
Benefits will never decrease
Clients can never be canceled as long as they pay their premium every month
100% of clients can qualify

These are genuine values that address the needs and problems of the market.

3. Agents. The agents of TPG, perhaps, are the main highlight in the video. Working as an agent for TPG has a wide variety of benefits. The career growth structure of TPG for its agents allows them to grow quickly and be the leader of their own. Here are some of the perks of being an insurance agent for TPG:
Incentives
Compensation plan
Get paid the same day if you processed a check using the SLICE App.
Set up plans using a bank account or credit card
Support from the office staff (licensed agents)
Possible annual income of $90,000
Extensive on-going training
Group health and dental benefits
All expense-paid trips / Incentive trips
Opportunities for business expansion
Grow your own agency
Commission
Residual income
Rewards
Bonuses

With all of these perks and benefits, working as an insurance agent for TPG will allow you to grow professionally and financially.

Networking and finding a mentor can have such a positive impact on one’s life and career. Any advice?
Finding a mentor and building a strong professional network are crucial steps in anyone’s career journey. Here are some general pieces of advice that have worked well for me, and I believe they can be helpful for others too:

Identify Your Goals: Before seeking a mentor or networking, it’s essential to know what you want to achieve. Define your short-term and long-term career goals. Having clarity about your objectives will help you identify the right mentors and connections.

Leverage Existing Contacts: Start by tapping into your existing network. Friends, colleagues, and acquaintances can often introduce you to potential mentors or like-minded professionals. Don’t underestimate the power of personal referrals.

Join Professional Organizations: Consider joining industry-specific associations, clubs, or online communities. These platforms provide opportunities to meet professionals who share your interests and can be valuable mentors or connections.

Attend Industry Events: Attend conferences, seminars, workshops, and networking events related to your field. These gatherings are fertile ground for meeting potential mentors and expanding your network. Don’t be shy about introducing yourself and striking up conversations.

Online Networking: Utilize social media platforms like LinkedIn, Twitter, or industry-specific forums to connect with professionals in your field. Share your insights, engage in discussions, and reach out to people who inspire you. It’s a powerful way to establish your online presence.

Be Genuine and Authentic: When approaching potential mentors or networking contacts, be sincere in your intentions. People are more likely to help if they see you’re genuinely interested in learning and growing.

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