Who are You Thankful for This Year?

23 Nov

Who are you thankful for this Thanksgiving? You likely have some relationships in your life that are extra meaningful. Perhaps you’re thankful for a spouse or partner? Or maybe your children? Or perhaps siblings, friends, or even coworkers?

Do any of those individuals rely on you for financial support? Do you have a spouse who relies on your income? Or perhaps minor children who depend on your financial means? More>>

Income Protection Can Ease Covid-19 Side Effects

18 Jun

Guest contributor: Kenny Russell is the Director, Disability Sales with Crump Life Insurance Services

While it is not a cure, disability insurance (DI) can be a bandage to help clients stop the financial bleeding if they have a disabling event. At the very least, the COVID-19 pandemic has highlighted the importance of income to everyday lives.

Discussing ways to protect income, whether the client is working currently or not, is extremely important. This can be especially true since a disability is likely an unexpected, life changing event. More>>

What Coronavirus Teaches Us About Disability Insurance

1 Jun

Many people simply pass on disability insurance during their open enrollment period for company benefits. We tend to think that disabling events won’t happen to us. We won’t get in a car crash, we won’t have a heart attack, aneurysm, etc. It happens to other people, not us. We may even know someone struck with one of these life-altering events, yet we still cling to believing it won’t happen to us. Until recently, that is. Now, daily press briefings on the coronavirus have made getting deathly sick part of our daily thought process. And some people find themselves in dire financial straits due to their own or their partner’s illness. More>>

Do I Need Disability Insurance?

25 May

Your employer may offer disability insurance, but investigate its coverage limits and tax implications. So what would happen if they lost the ability to earn that paycheck tomorrow? What if an illness disrupted their ability to work for three months? What if a serious accident prevented them from ever working again? Would they be able to pay their mortgage? Would their kids still have a college savings account? Would they be able to retire? More>>

Disability Carriers Need to Brace for the Onslaught of COVID-19 Claims

20 May

As states across the country prepare to return to work, disability insurers should expect to see an increase of claims stemming from COVID-19. Many of these claims, however, will not be because the insured has COVID-19, but rather, due to the fear that the insured may get the virus if he or she returns to work. For many, an underlying medical condition such as diabetes or heart disease may increase concerns about their prognosis if they contract the virus once exposed to their work environment. More>>

Your Chance of Missing Work Due to Illness, Injury, or Pregnancy is Greater Than You Think

18 May

Nearly six percent of workers every year will experience a short-term disability due to illness, injury, or pregnancy. Three quarters of these claims last up to two and a half months, and the rest can last for up to six months or a year. How will you pay your bills if you aren’t earning an income during this time? More>>

Disability Insurance Facts from LIMRA

12 May

During Disability Insurance Awareness Month, LIMRA joins the industry to remind Americans about the importance of having disability insurance coverage to protect their income if they become disabled and are unable to work. Here are some facts that highlight the importance of disability insurance coverage. More>>

What if COVID-19 Keeps Clients from Working?

6 May

One of the most significant challenges advisors face is how to help clients address the myriad of financial decisions that could impact their households. Retirement planning tends to receive great attention because it’s an easy conversation to initiate and often a focus for clients already. Comparatively few clients, however, consider the potential impact of losing their ability to generate an income due to disability. More>>

Don’t Wait for Clients to Declare Their Personal State of Emergency

7 Apr

We continue to watch an unprecedented time in the economy with the 10-year Treasury rate at an all-time low and the stock market on a daily rollercoaster over fears of COVID-19 coronavirus sweeping the globe. We are watching an economy that is fighting through hard times. But with enough time and calmer heads, we will see markets return to normal levels and the economy begin to recover. More>>