Awareness: The Key to Protecting Your Practice from Identity Theft

30 Nov

Guest contributors Joy Dawe, senior vice president, market conduct, and Hannah Wittmer, market conduct specialist at Crump Life Insurance Services.

Here are some fraudulent schemes that target insurance professionals and could compromise privileged information, resulting in an increased risk of fraudsters accessing client information. More>>

Why Insurance May Help You Feel Better

28 Nov

Just imagining a scenario in which you can’t pay your bills is stressful. Now imagine how stressful it would be if you really can’t pay a bill. One’s mental health could be put to the test.

Dealing with an emergency is likely to raise anyone’s blood pressure. Oftentimes, it comes with a high price. Many Americans feel unprepared to pay for one — whether the emergency is related to their health or home. A recent Bankrate survey reports that 58 percent of adults are concerned about the amount of money they have saved for these unexpected expenses.

These concerns can lead to real stress. More>>

Static Assumption Do Not Account for Unforeseen Risks

23 Nov
Guest contributor Reggie Phillips, CLU, ChFC, CASL, is manager—insurance strategists at Truist Life Insurance Services.

How do financial professionals incorporate conversations around the risk of long-term care into their planning? Although the financial impact can be quantified by analysis, the focus first should be on the emotional impact on the family and the struggles of caregivers who would provide care.

Read on for some positioning statements and questions to help your clients think through their potential future need for long-term care. More>>

10 Advantages of Hybrid Life Insurance with Long-Term Care

21 Nov
You probably know about hybrid cars. But do you know about hybrid life insurance?

This coverage combines long-term care and life insurance into one policy. Like hybrid cars, these hybrid policies are increasingly popular. That’s because they have some unique benefits. More>>

Three Ways Life Insurance Can Help with Long Term Care Needs

17 Nov

Guest contributor Reggie Phillips, CLU, ChFC, CASL, is manager-insurance strategists at Truist Life Insurance Services.

In the spirit of National Long-Term Care Awareness Month, let’s answer some questions about using life insurance with LTC riders instead of traditional long-term care insurance as a potential solution for extended care planning.

When addressing clients’ concerns about overpaying for LTC, the typical and often the most efficient approach is a solution involving a traditional or asset-based LTCi policy. However, there are ways that life insurance can be beneficial for addressing LTC concerns. More>>

Planning for LTC: The 4 Words That Drive the Conversation

16 Nov

At some point in our lives, most of us will likely need some kind of long-term care support. But although people find it easy to talk about the experiences of a friend or family member who is going through a long-term care event, they are reluctant to have a conversation about their own need for care. More>>

14 Key Signs You Will Run Out of Money in Retirement

14 Nov

You don’t want to go broke in retirement. Despite all your preparation, however, you might discover that your retirement is going to cost more than you planned.

First and foremost, you need to become aware of the reasons that the budget you have in mind could be smaller than it needs to be. If you’re worried about having enough money, check out the signs that you might not be saving enough for retirement. More>>