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Opportunity is knocking: As boomers retire, take advantage of new relationships

Among the thousands of boomers who are retiring over the next several years are business owners and insurance agents. These businesses will be sold, turned over to family members or merged with other businesses.This spells O-P-P-O-R-T-U-N-I-T-Y to younger insurance agents.

By Kenneth L. Fields, CIC, CPCU | Updated on July 12, 2015
Among the thousands of boomers who are retiring over the next several years are business owners and insurance agents. These businesses will be sold, turned over to family members or merged with other businesses.This brings an opportunity to younger insurance agents. (Shutterstock/Pressmaster)

Nearly 10,000 baby boomers (76.4 million people born between 1946 and 1964) are retiring every day in the United States, and this will continue for the next 14 years. About 65,000 of those who are retiring each year are currently employed in the insurance industry.

What does this have to do with selling insurance?

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