Published Insights
“Explore depreciation. Often, high-income earners get to participate in depreciation on assets bought with debt. Plan for this in your highest-income years to maximize the benefit.” —
Justin Brock
Philanthropy has consistently been recognized as one of the essential roles in business leadership, providing a channel through which business success gives back to society and deepens connections with the communities in which one operates. In today’s corporate world, philanthropy is no longer just about throwing dollars at issues; it is more than that- it’s about making a difference in people’s lives.
In today’s insurance industry environment, businesses with a steady growth curve must offer vision and strategic planning. At the forefront of this competition and refining customer expectations, insurance companies face the test of innovation and scalability with firm operating standards. Amongst those few organizations that have successfully sailed through this hurdle is Bobby Brock Insurance.
This modern corporate landscape effectively sets up effective leadership as a rock on which success depends, mainly when discussed within complex and competing industries like insurance. While leadership determines the operational strategy of a firm, it also influences its culture and its employees’ morale. A leader’s evolution can be expressed in multiple ways, from an approach towards decision-making to the engagement of employees. After all, leadership is thus critical to the insurance industry, which has to constantly adapt to changes in regulations, technology, and consumer expectations.
Medicare insurance is unarguably one of the foundational components of the healthcare system in the United States, providing millions of seniors and disabled people with the necessary means of accessing essential medical services. Since its inception, Medicare has faced numerous transformations, policy changes, continuous improvements in technology within the health sector, and demographic shifts. As the landscape continues to change, industry leaders seek solutions for evolving challenges and help ensure integrity in their programs. Among these forward thinkers is one voice: Justin Brock, who aims to strike a balance between the future of Medicare insurance while focusing on implementing innovative solutions to satisfy the needs of beneficiaries and insurance providers.
The insurance industry has always followed an inherently conservative approach to marketing regarding processes and channels and, hence, was heavily entrenched in established methods and familiar channels. In the wake of changing customer expectations and the increasingly widespread usage of technology, insurers have had to make a strategic shift in their marketing strategy to remain relevant. In this direction, innovation is the need of the hour.
Personal branding has become essential to success in today’s competitive landscape but has been especially critical in the insurance industry. Personal branding allows business professionals to stand out in busy markets, adding value and trust by building strong relationships between business and the client. A powerful personal brand could represent expertise, relationship building, and, ultimately, revenue growth. The realm for an insurance agent working amidst many providers and products can be hostile; however, proper branding sets the tone between survival and thriving.
“One mistake people often make is underestimating the
cost of health care in retirement. Make sure you pay attention to income-related monthly adjustment amounts (IRMAA) on Part B and D of Medicare. Also, make sure you properly consider the out-of-pocket costs associated with Traditional Medicare and choose to mitigate that risk with either a Medigap plan or a Medicare Advantage policy.” - Justin Brock
“Our industry needs agents and brokers to focus on consumers’ needs first,” said Justin Brock. “If we can work towards an environment that rewards quality outcomes while creating efficiencies that allow our sales representatives to replicate the process often and with ease, we can prove that there is no better distribution model than through licensed life and health insurance agents. We are confident that our synergies with AmeriLife, SRG, and CPI will amplify our ability to achieve that goal.”
Jumping the market and being able to speak with your target demographic before they reach Medicare age outside of Medicare marketing guidelines will create an endless sales funnel of 10,000 Baby Boomers per day, who are going to be claiming Social Security and Medicare for the next 15 years.
I have read that every time you look at a potential task and flag it for follow-up or postpone it, it adds another time you have to deal with that task. In other words, by postponing something, you technically end up having to deal with it twice. Further, putting it off likely places some level of emotional or mental burden on you in the interim. Being direct, fast and clear when fixing or addressing a stressful problem is always the best practice. – Justin Brock, Bobby Brock Insurance
I know how overwhelming it can be with all of the marketing advice that's out there, but I'm here to cut through the noise and give you some actionable tips that have worked wonders for me.
The insurance industry, especially sectors like Medicare, has always been complex with myriad regulations. Therefore, as the market changes and new products arise, professionals must update themselves and bolster their skills.
Real estate has acted as a relatively safe investment vehicle, one that allows the possibility of diversification and long-term wealth creation. An investor in this field generally tries to balance the risk and reward by developing portfolios that span types of properties and geographic regions.
Justin Brock’s commitment to supporting veterans is based on his first-hand experience of transitioning from military service to civilian life. Brock was a United States Marine Corps member, where he developed leadership, teamwork, and problem-solving skills.
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