Consumer-Friendly – Crump Blog

Life Insurance Underwriting: Frequently Asked Questions

20 Sep

Part of being an adult is recognizing that you have a sense of responsibility toward others — especially your loved ones. If you were to pass away expectantly, you’d still want them to be cared for in your absence. That’s why you’ve thought ahead and decided to get life insurance. However, before you can check the “I’m insured” box, there’s a step in the process. And that’s underwriting — a process that many people applying for insurance don’t understand. That is, until now. Read on to learn about the basics of underwriting and how it can affect you. More>>

Life Insurance Awareness Month is Here: Kelly Rowland & Life Happens Urge You to Talk About Life Insurance

13 Sep

Life Happens launched its annual Life Insurance Awareness Month (LIAM) campaign with four-time Grammy award-winning singer, songwriter, producer, humanitarian and mother Kelly Rowland. While known for her musical contributions both through her solo career and in Destiny’s Child, off the stage, Kelly has the important role of mother to her two sons, Titan and Noah.

Like any parent, Kelly does everything she can to protect those she loves, including safeguarding her family’s financial future with life insurance. Here’s what she had to say when asked about what having life insurance meant for her and her family. More>>

Kelly Rowland Shares Her Life Insurance “Why”

6 Sep

You may know Kelly Rowland as an award-winning singer, songwriter, producer and humanitarian. But she’s also a mom to two young boys, and this September, she’ll join us as the spokesperson for Life Insurance Awareness Month (LIAM), coordinated by Life Happens, to share the important message that life insurance is her way of saying to her sons, “I love you. I’ve got you, and I’m seeing to your future no matter what.”

Life Insurance Is About Protecting the Ones You Love. More>>

5 Things That Cost the Same (or More) as Life Insurance

30 Aug

Most people would say their family’s financial security is high on their list of priorities. And yet it’s hard to get excited about budgeting for life insurance.

A big part of that hurdle is cost — or, rather, perceived cost. The 2021 Insurance Barometer Study by Life Happens and LIMRA found that more than half of consumers surveyed overestimate the cost of life insurance by 300% or more. Younger Americans are likely to overestimate the cost by as much as six times! More>>

Life Insurance for Families

23 Aug

There’s no such thing as a “typical” family. Read on to learn about life insurance for families of every type. More>>

How to Help Someone Who is Grieving

9 Aug

Losing a loved one can be devastating. Not only do the survivors of the deceased have to figure out how to heal and move forward with their lives, but they also have to fill in the financial holes left behind.

If you’re close to someone who’s lost a loved one, you want to help them in any way you can. For many of us, though, it’s difficult to know what to do or say. There’s no definitive “right” way to support a friend or relative that’s grieving. Everyone deals with loss differently. There are, however, some good guidelines to follow when you want to help. More>>

Life Insurance from Your Employer Usually Isn’t Enough

2 Aug

Life insurance from your employer is a valued benefit for millions of American workers. Employer life insurance is a form of group life insurance that’s offered to you and your coworkers. It’s typically a set dollar amount at smaller companies and a multiple of your salary at larger companies. The multiple is commonly one to three times your current salary. More>>

How to Build Wealth and More with Permanent Life Insurance

26 Jul

Many people know how term life insurance works. But they often don’t know how permanent insurance works. To refresh, term life insurance provides protection for a specific period of time. Permanent life insurance offers a death benefit with lifelong protection. Additionally, it offers you the ability to accumulate cash value on a tax-deferred basis. It’s money that’s there for you whenever you need it, for whatever you need it for. More>>

10 Reasons to Think About Increasing Life Insurance Coverage

19 Jul

The only constant in life is change. Your life today probably looks a lot different than it did a decade ago. At that time, you may have been in college, moving out of your parents’ house to live on your own. Now, you’re a parent yourself, welcoming a new life into the world. Just as we change over time, so do our needs for life insurance. More>>

Life Insurance Isn’t a Waiting Game

12 Jul

Americans can no longer make excuses for why they haven’t purchased life insurance. According to the 2021 Insurance Barometer Study, those who are uninsured appear to want more convenience in the life insurance process, citing that they haven’t been approached about it (46%), it isn’t offered through their employer (42%), and they haven’t gotten around to it (62%) as reasons they don’t have coverage. But a silver lining to the COVID-19 pandemic is that obtaining life insurance has never been simpler. More>>