Consumer-Friendly – Crump Blog

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>>

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>>

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>>

Long Term Care Insurance 101

7 Nov

Did you know that neither your health insurance nor Medicare would pay for extended long-term care services in the event that you needed them in the future? If you develop a chronic illness or become disabled and can no longer care for yourself for an extended period of time, you’ll need long-term care services. Here are some answers to common questions about long-term care insurance to help you figure out if it’s right for you. More>>

Afraid to Purchase Life Insurance? Don’t Be. Here’s How it Works.

31 Oct

There are 41 million people in the U.S. who say they need life insurance but do not have it, according to the 2020 Insurance Barometer Report from industry groups LIMRA and Life Happens. This can partially be explained by the tendency of people to overestimate its cost.

Perceptions about affordability and value can deter people from buying the life insurance they need. More than half of respondents in the Insurance Barometer Report said a $250,000 term life insurance policy for a healthy 30-year old would cost $500 a year or more. But the average cost is closer to $160 a year. That’s a pretty big discrepancy in perceived cost versus actual cost.

Here’s a breakdown of what you need to know about getting the best life insurance to make an educated decision. More>>

Life Insurance: Facts vs Myths

24 Oct

While many of us understand the value of life insurance, millions of families don’t have enough coverage or any coverage at all. In fact, 41 million Americans think they need life insurance coverage but don’t have it (source: LIMRA, 2020). Since the COVID-19 pandemic, the interest in life insurance has increased. So, what’s the holdup? Many people are concerned about the cost or whether they qualify. More>>

A key piece in that financial toolkit is life insurance. And here’s why: It’s often overlooked. Most people don’t think—or want to think—about death or not being there for their loved ones.

But it does happen. More>>

5 Myths the Hispanic Community Has About Life Insurance

26 Sep

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