Contemplating your own death may not be on the list of things you’re eager to do. Yet for your family or other loved ones who would find themselves trying to sort out your affairs while also dealing with the emotional fallout from losing you, you having a so-called estate plan is important, experts say. And this is the case whether you are wealthy or not. More>>
Estate planning is best understood as a process and not a one-time event. While wills and trusts are the most commonly used tools, there are many more fundamental documents that a skilled estate planning attorney can help put in place that will result in superior asset protection. Learn more
Guest contributor Eileen Shovlin is a business development director at Crump Life Insurance Services.
It has been widely publicized that there has been a considerable shift in wealth in the U.S. for women. What’s not often discussed is how underserved women are regarding financial planning. That’s why we call on Crump’s Eileen Shovlin for perspective, statistics, and advice on how as an industry, we can better serve women. Podcast>>
Despite the best-laid plans, life has a way of throwing curveballs. When it does, money complications tend to follow. Curveballs like divorce and death can be especially hard to handle, and adding financial uncertainty increases stress further still. While you can’t prepare for everything, we spoke with Andrea Hohler, a financial professional, and Reshelle Smith, a certified financial planner and transition money professional, for advice on making those curveballs more manageable. More>>
The impact of COVID-19 continues to weigh on Black Americans. According to LIMRA’s latest Consumer Sentiment Study, while Americans’ overall concern about COVID has dropped by half to 25% compared to a year ago, 4 in 10 Black Americans continue to express heightened concern about COVID-19, and 41% report high levels of financial stress in early 2023, compared with just 32% of the general population.
One of the ways Black Americans can improve their sense of financial security is by owning life insurance. According to the 2022 Insurance Barometer Study, 68% of Black Americans who own life insurance feel financially secure, compared to 47% of uninsured Black Americans. More>>
Black women often face obstacles in finding financial advisors and accessing wealth-building tools. Three wealth advisors share tips for pushing past the challenges. More>>
Just imagining a scenario where you can’t pay your bills is stressful. Now imagine how stressful it would be if you really couldn’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 how much money they have saved for these unexpected expenses.1
These concerns can lead to real stress. Having insurance may positively impact your mental health. More>>
Parenting is a challenging but rewarding journey for anyone embarking on the adventure. And the journey can be even more challenging when you are a single parent. This is especially true when it comes to making financial decisions.
Single parents often have unique questions when it comes to life insurance. Let’s look at some of the most common questions advisors hear from single parents. More>>
Some advisors may wonder what value life insurance can offer high net worth individuals, considering people in that income bracket already have accumulated significant wealth.
But although they might have more wealth, they typically have more debt and more expenses and owe more in taxes. They also may expect or desire to pay for their children’s or grandchildren’s educations, for their children’s or grandchildren’s weddings, or a charitable legacy. Life insurance can help build multigenerational wealth while ensuring that a person’s or couple’s hard-earned money passes to future generations in the most tax-efficient way possible. More>>