Policy Review: Make Sure Your Clients’ Life Insurance is Still Working for Them

14 Sep

Guest contributor Carma McCallie, JD, is vice president, advanced sales, at Crump Life Insurance Services.

Change is inevitable. Our clients’ lives are constantly changing, and as their financial professionals, we recognize that their financial needs and goals also change. By regularly reviewing their portfolios, we help to ensure that their asset mix matches where they currently are in life and where they plan to go. However, one vital component of their overall plan often gets overlooked in that review process — and that component is insurance. More>>

5 Questions Newlyweds Have About Life Insurance

29 Aug
Many exciting elements make up life as a newlywed, especially when you’re just coming off the thrill of a wedding and honeymoon. You may be looking forward to settling into a new routine, while simultaneously aware that there are certain plans you need to make together for the future.

Although it may not be the first thing on your mind as a newlywed, creating a strong financial plan for your future should be an important point on your to-do list. Moreover, your financial strategy needs to include planning for risk—and thinking about what could go wrong, even if it’s uncomfortable. Often, that means buying life insurance. More>>

Three Reasons to Consider Life Insurance for College Students

1 Aug
College students are usually focused on getting to class, maintaining good grades and graduating on time. Student life insurance policies are an issue that they’re unlikely to contemplate.

But there are some circumstances when a college student should weigh buying life insurance. It can provide an extra layer of financial protection for a surviving family. More>>

Switching Your Life Insurance

4 Jul

Life insurance coverage allows policyholders to take care of their loved ones financially after they pass away. Just as home and auto insurance provides peace of mind, life insurance allows policyholders to rest knowing that their beneficiaries will be more financially secure after their death. At times, life insurance policyholders may be interested in switching to a new insurance provider, potentially for a different type of policy or coverage amount. 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>>

5 Things New Physicians Must Know About Individual Disability Insurance

4 May

In the next few months, a new class of medical students will graduate and enter into their residency or fellowship programs.

As they prepare for the beginning of their careers, many establish relationships with a financial advisor to protect the investment of time and money they have made in their education that should eventually reward them with long and lucrative careers.

One way you can help your medical resident clients solidify their financial plan is by offering income protection through individual disability insurance. More>>

Here’s the Type of Insurance You’ll Need at Each Stage of Life, Experts Say

2 May
What type of insurance should you have at different stages of your life? When asked, financial advisors pointed to disability and life insurance as the most important kind of coverage at any stage, as they apply throughout our lives. In addition, advisors discussed often overlooked considerations for different points in your adult life. Here’s a look at some age-specific insurance advice, from your days at university to your golden years of retirement. More>>

How Does Life Insurance Work?

28 Mar

Life insurance is one way you can provide financial support for loved ones after you die. When you open a life insurance policy, you will pay a regular premium – often monthly or annually – in exchange for coverage. As long as your policy is active when you die, the insurance company will pay out a lump sum, also known as a death benefit, to the policy beneficiaries.

Even though many life insurance policies work the same way, each type has significant differences that further define how they work. These differences can include how long the coverage lasts, if the policy includes an investment component, and whether or not you can access funds before your death. Understanding these differences can help you select the best policy for your needs. More>>