16 Commonly Misunderstood Insurance Words

7 Jun

Underwriting, premiums, contestability period—terms like these can make insurance words seem like a foreign language.

Fortunately, a good insurance professional can help you make sense of it all. So can the definitions below. We explained them in recognition of Financial Literacy Month. Read on to understand some commonly misunderstood insurance words. More>>

How Should I Manage My Disability Insurance Policy

31 May

It’s a good idea to review your disability insurance whenever you experience a big life change. That’s because the need to protect your future income stream becomes more urgent when new people depend on your earnings or you take on (or pay off) debt. Life changes that should trigger a disability insurance review include: More>>

How Disability Insurance Can Help You Protect What Matters Most

24 May

As we begin to transition out of the pandemic, it’s important to consider steps that can help provide you and your loved ones a more stable financial future. Just consider that 41% of U.S. employees are living paycheck to paycheck right now, and the same number of employees don’t feel in control of their finances, according to MetLife’s 2021 U.S. Employee Benefit Trends Study.

To change course, employees should consider reviewing the benefits their employers offer, including disability insurance, which offers a vital source of income protection that may help cover essential living costs such as food, clothing and mortgage payments in the event you are unable to work due to a qualifying physical or mental health condition. More>>

5 Ways Disability Insurance Kept Life Normal for This Athlete

17 May

At 47, this Olympic-caliber runner, athlete, businessman, husband and father found out he has Parkinson’s disease. So much in his life has changed in the years since he’s been living with this degenerative disease. But one thing hasn’t: his financial well-being. He credits disability insurance with making that possible. More>>

9 Concepts to Eliminate from Disability Insurance Sales Conversations

12 May

Poet William Butler Yeats once said to “think like a wise man, but communicate in the language of the people.” While it’s true that the right verbiage and empathetic delivery may show clients, you understand their unique reality and circumstances, even the most well-spoken and expert insurance professionals can’t guarantee a disability insurance (DI) sale. More>>

Disability Insurance Worth a Look

10 May

Income tax time brings you face to face with the amount of money you earn — and have left to live on, after taxes. But what if you were disabled and couldn’t work? It’s something no one wants to think about: being alive but incapacitated. But consider the odds. More>>

How Much Disability Insurance Do I Need?

3 May

There is no one-size-fits-all answer for how much disability insurance a person needs. That’s because that number is dependent on many personal factors. That said, an easy way to get an idea of how much disability insurance you would need is to do this calculation: More>>

Disability Insurance Protects Clients as Well as Advisors

24 Feb

Guest contributor: Kenny Russell, director, disability sales for the Disability Solution Center at Crump Life Insurance Services.

If you have clients who are in their working years, you have a number of issues to discuss with them: investments, retirement planning, property/casualty coverage and other insurance products. However, if you are not already doing so, consider discussing disability insurance with clients — as they may not be aware how much a disabling event may affect them financially. More>>

Insurance New Year’s Resolutions

4 Jan

During this time of year, many people make New Year’s resolutions. Examples include eating healthier, losing weight, paying off debt, or finally starting that business you have been talking about for the past few years. One area of your finances where it makes sense to create some resolutions for the New Year is with your insurance coverage.

Here are five tips to help ensure that you have the right insurance coverage to fit your needs during the New Year and beyond. More>>