Simple Ways to Start Budgeting In 2022

3 Jan

“I don’t want to be better with money,” said no one ever. Whether you consider yourself a spender or a saver or somewhere in between, the odds are, you’d like to have money left over at the end of the day. Sixty-five percent of Americans are considering a financial goal for the new year, with forty-four percent saying that saving money is their number one financial resolution (and speaking of New Year’s resolutions, we have a few tips for making them stick).

You might be thinking, “How does anyone get started with a budget? How do I save without giving up everything I like? How much should I be spending each month?” We’ll answer these questions in five steps. More>>

This Is the Year: Financial Resolutions That Work

27 Dec

January is around the corner and now is a great time to start thinking about financial goals and better spending habits. Resolving to be better with money would put you in good company: in 2021, 30% of Americans said they set a New Year’s resolution about living more economically.

With any resolution, it’s important to be realistic about what’s achievable. The best resolutions are the ones that you can stick to for the whole year, and hopefully beyond. It also helps to focus on small positive changes to your everyday habits rather than shooting for a big goal or making huge lifestyle changes. Try resolutions with defined goals and actions.

Here are a few of our suggestions for realistic, manageable financial resolutions for 2022: More>>

The Christmas Gift That Can Last a Lifetime

20 Dec

As the holiday season kicks into high gear, the “most wonderful time of the year” can quickly turn into a stressful one as you and everybody else are out and about looking for that perfect gift to give to loved ones. One gift idea that is often overlooked but has some long term benefits is life insurance! If you are a parent or a grandparent, getting a life insurance policy for your kids or grandkids is a great way to protect their future insurability and start them on a path to financial responsibility. Here are some additional reasons why you may want to consider giving the gift of Life Insurance this year! More>>

43% Of Adults Have ‘Financially Cheated’ On Partners, Survey Finds

6 Dec

A poll from the National Endowment for Financial Education (NEFE) analyzing financial infidelity among U.S. adults finds that among those who report having ever combined finances in a relationship, two in five (43%) confess to committing an act of financial deception. Eighty-five percent of those individuals said the indiscretion affected the current/past relationship in some way. More>>

Three Surprising Facts You May Not Know About Long-Term Care Insurance

15 Nov

Among the most heart-wrenching pictures during the first months of the pandemic were images of the impact it had on our most vulnerable populations: our elders. Birthday parties through windows, the isolation of lockdowns – many people wished they were living in their own homes with the freedom that brings. The problem is that many people don’t plan for care. If you don’t have a plan for what can happen if you need care, it can cause stress – to your finances, your health and your family relationships. More>>

Life Insurance Facts We Wish We Learned in School

25 Oct

If you’re an adult, you can relate: there’s so much in life that we wish we learned in school, especially when it comes to money. Whether it’s managing a budget or saving for retirement, #adulting means we either figure things out on our own or call mom and dad (trust us on this: we’re never too old to ask our parents for advice).

Since we didn’t get these lessons in the classroom, here’s a crash course of topics we think should be taught in school along with reading, writing and arithmetic. More>>

Why Term Insurance Is the Answer … Sometimes

11 Aug

Guest contributor: Jason DeMeo, ChFC, LUTCF, FLMI, is a business development specialist at Crump Life Insurance Services.

Let’s say you have a client who is in the peak of earnings potential, and you have discussed life insurance with them. You have determined how much insurance the client needs and how long the client should keep it. You have settled upon a term insurance policy to cover the current value of their future income over their remaining working years (let’s say it’s 20 years), although early retirement has not been ruled out. However, we know that life doesn’t always work out as we plan. More>>

3 Proven Ways to Engage with Clients About Annuities

4 Aug

Guest contributor: Brendan Connerton, director, annuity sales, at Crump Life Insurance Services.

It’s always good time to look at the current annuity industry landscape, and what financial professionals are considering for their clients. Here are three established methods that can help generate leads to build on. Also, worth considering are the asset-based linked benefit long-term care products, to potentially weave into a “while-you’re-at-it” combo sales on repositioning assets. 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>>

Maximizing Income with A Navigational Approach

14 Jul

Guest contributor: Bernie Casey, CAS, CIS, is an annuity wholesaler at Crump Life Insurance Services.

Advisors and their clients frequently want to know how to generate guaranteed income from a retirement portfolio. This objective has been on the rise, particularly after the market crash of 2008.

The concern arose again at the start of the COVID-19 pandemic, when we experienced portfolios decreasing in value significantly, then increasing and creating volatility concerns with clients. Combine market volatility with the potential for a client outliving their money during retirement and you have both a challenge and an opportunity for advisors. More>>