LGBTQ+ – Crump Blog

Are you missing out on 10% or more of the population as clients?

28 Jun

Guest contributor Michael Rusk, senior vice president, internal sales and administration at Truist Life Insurance Services.

With an increasingly diverse population, it’s important for financial professionals to expand their client base. The LGBTQ+ population is an underserved demographic. While financial planning is now in step with straight couples, there are specific challenges that the LGBTQ+ population faces. In this episode, Michael shares his personal experience and professional insight. Podcast>>

LGBTQ+ Finances: A survey of 2,005 Americans

21 Jun

LGBTQ+ finances are perennially understudied. We’re trying to change that, so we asked 2,005 LGBTQ+ Americans about money, investing, stress, saving, and more. More>>

The LGBTQ+ market: A rainbow of opportunity

14 Jun

Guest contributor Tim Harper, supervisor, sales development specialist at Crump Life Insurance Services.

Shares insight into the LGBTQ+ community and whether you are potentially missing the rainbow of life insurance opportunities this community offers. More>>

Help Close the Financial Security Gaps in LGBTQ+ Community

22 Jun

While the LGBTQ+ community has made much progress over the past decade in terms of legal protections, thanks in large part to a few different favorable rulings from the U.S. Supreme Court, when it comes to many measures of financial security LGBTQ+ individuals still lack equality with the general U.S. population. More>>

Why Marriage Equality Matters to Me and to the Insurance Industry

8 Jun

Guest contributor Mike Rusk, senior vice president, internal sales, financial institutions channel at Crump Life Insurance Services.

June is Pride Month for the LGBTQ+ community. This year, I took time to be more reflective than in years past and thought about what Pride truly means to me. I am proud of the people who came before me who were brave enough to stand up against the injustices and inequities between the LGBTQ+ and heterosexual communities.

As a professional working in financial services, I also take pride in being part of an evolving industry, particularly a company that recognizes the value of diversity, equity, and inclusion across many aspects of our business. More>>

What is Pride Month? Everything You Need to Know About the LGBTQ Observance

6 Jun

June is Pride Month, inspiring a host of events around the world. But what is Pride Month exactly? The rainbows and glitter may catch your eye, but the month-long celebration is really a call for greater unity, visibility, and equality for the LGBTQ community. More>>

How Today’s Annuities Serve the Needs of Tomorrow’s Retirees

21 Jul

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

Things appear to be moving slowly back toward the “old normal.” With all we’ve been through and have seen in the past two years, it is not too surprising consumer interest in fixed and fixed index annuities has grown.

The marketplace is paying close attention to two key retiree and pre-retiree concerns frequently mentioned by clients and consumers. One is, “Do I have enough saved for a comfortable retirement?” and two, “Do I have enough money to continue to last my entire retirement time horizon?” More>>

The Life Insurance Industry Provides Coverage and Protection Options for All Genders

7 Jul

Guest contributor: Chris Cook, serves as senior vice president and head of underwriting at Crump Life Insurance Services.

Today’s life insurance industry has products available that are inclusive of the needs of all consumers, including the 1.4 million adults in the U.S. who identify as transgender. Whether the need is for mortgage protection, estate planning, financial security for a spouse or children, or living benefits such as retirement income or long-term care, there are products designed to fit the specific need. Most important, with innovations such as accelerated underwriting programs, the process of obtaining coverage has never been easier. More>>

Life Insurance: A Key Piece of Protection for LGBTQ Families

5 Jul

If you’re LGBTQ, you may be fully exploring what it means to be able to build your life around who you love. Strong legal protections in the last 15 years have ushered in more than just external changes. According to MassMutual financial advisor Mindi Wernick with Lee, Nolan & Koroghlian in New York City, these protections have provided validity and certainty, creating an important psychological shift. “Now that gay couples are seen in the eyes of the law as equal, they can build their lives around who they love,” she says. “They’re joining finances, and doing more traditional things, like buying life insurance.” More>>

LGBTQ Retirement Guide

23 Jun

More than 3 million LGBT Americans are currently over 50, and that number is estimated to more than double over the next decade as Baby Boomers ride in on a rainbow-hued silver wave.

For many like Miller, the traditional idea of retirement looks increasingly uncertain—and quite different from their heterosexual peers’, even in an era of antiretroviral cocktails, marriage equality and enshrined protection from employment discrimination.

We’ll cover the issues those in the LGBTQ community most often encounter when preparing for retirement here—and how you can tackle them. More>>