Are you letting clients anchor prices?

Leading the cost conversation

clock • 2 min read

Ash Borland, Ash Borland Consulting, discusses how leading the price conversation is about being proactive and relating prices to lifestyle.

Are you leading the price conversation—or letting your clients dictate it? If you don't anchor their expectations, you risk undervaluing protection and losing the sale. When you let clients name their budget, they'll often set it far too low. Not because they're difficult, but because they don't yet see the value. Anchoring can change this. Why Anchoring Matters Anchoring helps clients understand the value of protection. It's about setting a reference point that frames the cost of insurance as affordable and essential—not an optional extra. Without it, clients undervalue protecti...

To continue reading this article...

Join COVER for free

  • Unlimited access to real-time news, key trend analysis and industry insights.
  • Stay on top of the latest developments around health and wellbeing, diversity and inclusion and the cost of living crisis.
  • Receive breaking news stories straight to your inbox in the daily newsletter.
  • Members only access to monthly programme 'The COVER Review'
  • Be the first to hear about our CPD accredited events and awards programmes.

Join now

 

Already a Cover member?

Login

More on Adviser / Broking

The case for over-insurance for IHT

The case for over-insurance for IHT

Impact of IHT a certainty

Tony Müdd
clock 11 February 2025 • 4 min read
Claims and underwriting: Securing IP for mental health

Claims and underwriting: Securing IP for mental health

“Look for reasons to insure somebody, rather than reasons not to”

Jaskeet Briah
clock 11 February 2025 • 7 min read
MAB announces 2025 targets

MAB announces 2025 targets

Aiming to double revenue and market share

Cameron Roberts
clock 04 February 2025 • 1 min read