Opportunity
Recent estimates show that a significant portion (as high as 90%) of the eligible adults in Malaysia still do not have a Will. With growing awareness and increasing acceptance level, more people now recognize the importance of having a valid Will.
Why Will Writing has great opportunity
- Will Writing at the moment has less competition compare to more established industry like life insurance or unit trust. As of 2006, the life insurance industry has about 80,000 agents, while unit trust has about 38,000. There are about 3,000 licensed Will writers in 2006.
- Changes happens much to rapidly in financial industry like insurance and unit trust. Besides product changes, industry rules and government body regulations are changing all the time. Many professional sales person are finding it hard to keep up with such rapid changes. There are much less changes in Will writing allowing you to focus more time on acquiring and growing your customers, thus increasing your income.
- It allows you to penetrate to financial related industry like insurance and unit trust should you choose to. Since a person who is keen to write a Will, you can get many personal information during Will writing that allows you to access this person.
To find out more how you can tap into this growing market, and evaluate if this is for you, call us or send us an email