medicare has problems
Growing size of the market:
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About 61.2M individuals on Medicare
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Someone turns 65 every 7 seconds
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By 2025, 1 of 5 Americans will be 65+
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Couples reaching age 65 in "relatively" good health...50% chance that one of them will live to be 94
Size of the Illinois Market:
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1.907M Medicare Beneficiaries (1.1M in Metro Chicago alone)
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420 People turn 65 each day (212 in metro Chicago)
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29% of the population enrolled in a Supplement
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15% of the population enrolled in a Advantage
Product itself creates opportunity:
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It's confusing as hell - risk of bad or no decision
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People need to have it - penalties, health issues
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People want to have it - worried about health
You are the best solution in the marketplace:
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How many advisors do you know can help with Medicare?
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Who's the competition?
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Article (April 21, 2021): Legislation would enable 50 year-olds to qualify for Medicare
For part-time advisors :
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Easier to find willing prospects
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Easier to cross-sell to your bread & butter